Amazon's first-quarter financial results exceeded expectations with earnings of $1.59 per share and revenue of $155.67 billion. However, the company's cautious outlook has led to significant investor concerns, resulting in a 4% decline in stock price. The reported revenue from Amazon Web Services and advertising also fell short of expectations. Anticipating second-quarter operating income between $13 and $17.5 billion indicates a cautious stance due to factors like tariffs affecting its retail unit and potential recession impacts. This caution highlights challenges ahead, particularly for third-party sellers relying on imports from China.
Amazon reported strong first-quarter earnings driven by its cloud and advertising businesses, but cautious guidance due to tariffs and recession fears led to a 4% stock drop.
The company expects second quarter operating income between $13 billion and $17.5 billion, missing the $17.64 billion consensus, and anticipates sales growth of only 7% to 11%.
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