Amazon (AMZN) Q1 Earnings Exceed Expectations with $2.78 EPS

AI Summary

Amazon (AMZN) reported Q1 earnings per share of $2.78, surpassing analyst expectations of $1.64. Revenue reached $181.52 billion, exceeding the $177.30 billion estimate. Cloud sales from Amazon Web Services totaled $37.59 billion, higher than the $36.64 billion expected, marking a 28% year-over-year growth. However, the company noted its free cash flow fell to $1.2 billion, a 95% decrease year over year, largely due to AI investments. The strong earnings may positively influence market perception of Amazon's growth potential amid significant capital expenditures projected for the coming years.