Amazon.com, Inc. (NASDAQ: AMZN) reported first quarter 2023 earnings results today.
Net sales increased 9% year-over-year to $127.4 billion.
Net income was $3.2 billion, or $0.31 per share, compared with a net loss of $3.8 billion, or $0.38 per share, in the year-ago quarter.
Both revenue and earnings beat expectations.
For the second quarter of 2023, net sales are expected to be $127-133 billion, representing a growth of 5-10% YoY.
The stock was up 7% in after-market hours on Thursday.
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