ETFs In Focus On Amazon's Q1 Earnings Beat, Soft Guidance
Zacks Investment Research | Apr 25, 2019 10:25PM ET
After the closing bell on Thursday, the online e-commerce behemoth Amazon (NASDAQ:AMZN) cheered investors with a huge earnings beat in Q1. However, revenues were on par with the Zacks Consensus Estimate. Amazon is experiencing slowing revenue growth but fatter profit margins as Amazon's push into advertising and cloud computing is paying off.
Earnings per share came in at $7.09, easily beating the Zacks Consensus Estimate of $4.61 and more than double the year-ago earnings of $3.27. Revenues climbed 17% year over year to $59.7 billion. In particular, revenues from the cloud computing business — Amazon Web Services — surged 41% year over year to $7.7 billion (read: Zacks Investment Research
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