Reported about 22 hours ago
Amazon reported first-quarter revenue of $155.67 billion, exceeding Wall Street expectations, with a 9% year-over-year increase and a 64% rise in earnings per share to $1.59. However, CEO Andy Jassy cautioned about potential impacts from global tariffs, indicating uncertainty for future quarters, particularly regarding sales and operating income guidance. Despite Walmart's concerns about pricing changes, Jassy noted that demand has remained steady, with no significant price increases from sellers on their platform yet.
Source: YAHOO