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.
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
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%