Amazon Sales Jump 44% As It Blows Away Earnings Expectations

CNBC

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Amazon shares climbed as much as 4% in extended trading Thursday after the company released its first-quarter earnings, beating Wall Street’s expectations for earnings and revenue.

Here’s how the e-commerce giant fared, relative to analyst estimates compiled by Refinitiv:

Earnings: $15.79 per share vs. $9.54 per share expected
Revenue: $108.52 billion vs. $104.47 billion expected

Few companies have benefited from the pandemic-fueled surge of online shopping as much as Amazon. Its first-quarter results showed the company’s business continues to be buoyed by the pandemic, with profits soaring 44% year-over-year to $108.5 billion.