Amazon's Q1 Earnings Exceed Expectations, AI Investments, and Advertising Drive Revenue Growth from carbon management Watch Video
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⏲ Duration: 0:29 👁 View: 285K times ✓ Published: 02-May-2024
Description: Amazon reported first-quarter earnings that topped Wall Street estimates on revenue and earnings per share, sending shares up 2% pre-market. Amazon invests heavily in AI through its cloud business to gain an edge in this market. Advertising also grew 24% and matched estimates. Management sees customers as thoughtful spenders in the US and trading down. Guidance for the second quarter sales was slightly below estimates.