Amazon (AMZN) reported first quarter earnings that topped Wall Street estimates on the top and bottom lines, sending shares of the retail giant up as much as 5% in after hours trading.
Powered by a strong showing from its cloud computing segment, Amazon continued a wave of Big Tech results that have mostly wowed Wall Street, even as investors turn their focus to the conclusion of the Fed's May policy meeting on Wednesday.
The company touted that its industry-leading AWS business is on course to generate $100 billion in revenue annually.
Here are some of Amazon's most significant metrics in the company’s fiscal first quarter, according to data from Bloomberg:
Net Sales: $143.3 billion vs. $142.6 billion expected ($127.4 billion in Q1 2023)