By Yasin Ebrahim
Invsting.com – Amazon.com reported Thursday first-quarter results that topped analysts estimates, supported by a surge e-commerce growth.
Amazon.com (NASDAQ:AMZN) shares gained 5% in after-hours trade following the report.
Amazon reported Q1 EPS of $15.79 on revenue of $108.5 billion, beating estimates of $9.49 on revenue of $104.49 billion.
That was above guidance for net sales of between $100.0 billion and $106.0 billion, or growth between 33% and 40% year-on-year.
Net sales in North America rose to $64.37 billion from $46.13 billion in the the prior-year period.
Amazon Web Services, its fast-growing cloud revenue segment, grew 32%, to $13.5 billion.
Net sales in North America rose to $75.35 billion, up from $53.67 billion in the the prior-year period.
For the second-quarter, the company guided net sales of between $110 billion and $116 billion, or growth between 24% and 30% year-on-year.
Amazon Q1 Results Beat Street as Revenue Jumps 44%
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