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Amazon.com Inc (NASDAQ:AMZN) reported financial results for the first quarter after the market close on Wednesday. Here’s a look at the key details from the print.
- Amazon.com stock is trading near highs. Why are AMZN shares outperforming?
Amazon Q1 Highlights
Amazon reported first-quarter revenue of $181.52 billion, beating the consensus estimate of $177.30 billion, according to Benzinga Pro. The e-commerce giant reported quarterly earnings of $2.78 per share, beating analyst estimates of $1.66 per share.
Total revenue increased 17% on a year-over-year basis. Here’s a breakdown of revenue by segment.
- North America: $104.1 billion, up 12%
- International: $39.8 billion, up 19%
- Amazon Web Services: $37.6 billion, up 28%
Operating cash flow increased 30% to $148.5 billion for the trailing 12 months, and free cash flow decreased to $1.2 billion, primarily due to increased purchases of property …
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