Amazon.com Q1 2024 GAAP EPS $0.98 Beats $0.82 Estimate, Sales $143.300B Beat $142.497B Estimate
Portfolio Pulse from Benzinga Newsdesk
Amazon.com reported Q1 2024 earnings of $0.98 per share, surpassing the $0.82 estimate, with sales of $143.3B also beating the $142.497B forecast. This represents a 12.52% increase in sales compared to the same period last year.

April 30, 2024 | 8:01 pm
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POSITIVE IMPACT
Amazon.com's Q1 2024 earnings and sales exceeded analyst expectations, with a significant year-over-year sales increase.
Beating both earnings and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The significant year-over-year sales growth further underscores the company's strong performance and may bolster investor confidence in Amazon's growth trajectory.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100