Amazon Q1 2024 Earnings: What Wall Street is Watching
Amazon's Q1 2024 Earnings Call Details
Date: Tuesday, April 30, 2024
Time: 2:30 pm ET
Key Earnings Details
Amazon reported earnings per share (EPS) of $100 for the quarter, beating analyst expectations of $98.
The e-commerce giant's revenue for the quarter came in at $121.2 billion, also beating expectations of $120 billion.
Amazon Web Services (AWS) revenue grew 33% year-over-year to $20.5 billion.
What Wall Street is Watching
Wall Street analysts will be paying close attention to the following key details during Amazon's earnings call:
- The company's guidance for the current quarter and full year.
- Updates on Amazon's key growth areas, such as AWS and advertising.
- The impact of inflation and supply chain disruptions on Amazon's business.
- Any updates on Amazon's plans for expansion and innovation.
Analysts are also likely to ask questions about Amazon's recent acquisition of MGM Studios and its plans for the streaming market.
Overall, Amazon's Q1 2024 earnings call is expected to provide valuable insights into the company's performance and its plans for the future.
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