Amazon has reported first quarter earnings that beat expectations, sending it’s stock as much as 10% high late Thursday.
Amazon’s net sales came in at $127.36 actual versus $124.7 billion estimated while its earnings per share came in at 31 cents actual versus 20 cents estimated.
Amazon Web Services (AWS) net sales totaled $21.35 billion actual versus $21.03 billion estimated while its operating margin was 3.7% actual versus 2.38% estimated.
