Amazon.com Inc. (NASDAQ: AMZN | AMZN Price Prediction) reported first-quarter financial results after markets closed Thursday. The company posted $7.09 in earnings per share (EPS) on $59.7 billion in revenue, which compares with consensus estimates from Thomson Reuters that called for $4.72 in EPS on $59.65 billion in revenue. In the same period of last year, the company reported $3.27 in EPS on $51.04 billion in revenue.
During the most recent quarter, Amazon Web Services (AWS) revenues increased 41% to $7.70 billion, up from $5.44 billion in the same period last year, with operating income of $2.22 billion.
In terms of its other segments Amazon reported:
- North American net sales increased 16.6% to $35.81 billion, with operating income of $2.29 billion.
- International sales increased 8.9% to $16.19 billion, with an operating loss of $90 million.
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As for guidance, the company expects to see net sales in the range of $59.5 billion to $63.5 billion, with operating income of $2.6 billion to $3.6 billion in the second quarter. The consensus estimates call for $6.32 in EPS on $62.37 billion in revenue for the quarter.
Shares of Amazon closed Thursday at $1,902.25, with a consensus analyst price target of $2,080.14 and a 52-week range of $1,307.00 to $2,050.50. Following the announcement, the stock was relatively flat initially at $1,915.00 in the after-hours session.
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