Amazon's earnings beat expectations, stock soars.
TL;DR Summary
Amazon reported a Q1 revenue of $127.4 billion, up from $116.44 billion in the same quarter last year, and a net income of $3.17 billion, marking its biggest quarterly profit since 2021 and a turnaround from 2022's worst annual loss on record. The positive earnings results caused Amazon's stock to soar in after-hours trading.
- Amazon stock soars after earnings show a return to big profit MarketWatch
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- Amazon earnings: Results beat expectations across the board, stock soars Yahoo Finance
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- Daybreak: Amazon Jumps as Forecast, Revenue Beat Bloomberg
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