Sweden Herald - Latest Sweden News | Amazon is doing better than expected after beating quarterly earnings and revenue expectations by Sweden Herald
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Amazon posted a stronger‑than‑expected quarterly performance, reporting earnings per share of $2.78 versus the $1.64 analysts had forecast and revenue of $181.52 billion, outpacing the $177.3 billion consensus. Cloud services generated $37.59 billion—above the $36.64 billion estimate—and grew 28 % year‑over‑year. For the upcoming quarter, Amazon projects sales of $194‑199 billion, beating the $188.9 billion analysts anticipated, yet its shares slipped 1.5 % in after‑hours trading on the NYSE.
Read more: https://swedenherald.com/article/amazon-is-doing-better-than-expected-after-beating-quarterly-earnings-and-revenue-expectations
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