Categories AlphaGraphs, Earnings, Retail

AMZN Earnings: Amazon Q1 profit jumps on higher sales; results beat

E-commerce giant Amazon.com Inc. (NASDAQ: AMZN) Tuesday reported a sharp increase in net sales and earnings for the first quarter of 2024.

Amazon Q1 2024 earnings infographic

Net sales increased to $143.3 billion in the first quarter from $127.4 billion in the prior-year period and came in above Wall Street’s forecast. For the second quarter, the company expects sales to be in the range of $144 billion to $149 billion.

Driven by the strong top-line growth, net income climbed to $10.43 billion or $0.98 per share in the March quarter from $3.17 billion or $0.31 per share a year earlier. Earnings also exceeded analysts’ estimates.

Prior Performance

  • Amazon Q1 2024 earnings infographic

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