Is Amazon a Buy After Earnings? Not Compared to These "Magnificent Seven" Stocks
Coming into Amazon's (NASDAQ: AMZN) first-quarter earnings report, investors were hoping to see the company's retail business holding up in the face of a weakening economy and tariff threats and for the cloud business to deliver solid growth.Amazon beat estimates in the quarter, turning in revenue growth of 9% to $155.7 billion, ahead of the consensus at $155.1 billion. On the bottom line, operating income rose 20.2% to $18.4 billion, and earnings per share jumped from $0.98 to $1.59, ahead of expectations at $1.37, as it benefited from gains on investments. Looking ahead to the second quarter, Amazon called for revenue of $159 billion to $164 billion, up 7% to 11%, which was in line with the consensus.Continue reading
Coming into Amazon's (NASDAQ: AMZN) first-quarter earnings report, investors were hoping to see the company's retail business holding up in the face of a weakening economy and tariff threats and for the cloud business to deliver solid growth.
Amazon beat estimates in the quarter, turning in revenue growth of 9% to $155.7 billion, ahead of the consensus at $155.1 billion. On the bottom line, operating income rose 20.2% to $18.4 billion, and earnings per share jumped from $0.98 to $1.59, ahead of expectations at $1.37, as it benefited from gains on investments.
Looking ahead to the second quarter, Amazon called for revenue of $159 billion to $164 billion, up 7% to 11%, which was in line with the consensus.
