Amazon shared a 13% gain in first-quarter sales at $143.3 billion, beating the $142.5 billion average estimate, yet its Q2 forecast fell below analyst expectations.
Amazon Web Services reported a 17% revenue increase to $25 billion in Q1, though Microsoft and Alphabet saw higher growth rates in cloud revenue during the same period.
Amazon deviates from industry trend by not announcing a dividend, unlike competitors like Alphabet and Meta Platforms, which pleased investors.
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