#Amazon #youtube #yahoofinance
Yahoo money management’s Brad Smith, Rachelle Akuffo, and Allie Garfinkle break down from the Amazon earnings call.
Here are the headline numbers from Amazon’s report, compared to analysts’ estimates compiled by Bloomberg:
Net sales: $127.36 actual versus $124.7 billion estimated
EPS: 31 cents actual versus 20 cents estimated
Amazon Web Services (AWS) net sales: $21.35 billion actual versus $21.03 billion estimated
Operating margin: 3.7% actual versus 2.38% estimated
Q2 net sales guidance: $127 billion – $133 billion actual versus $130.1 billion estimated
Amazon’s first quarter results beat analyst estimates on both the top and bottom lines. The tech giant’s results were powered by better-than-expected performance from its cloud-computing and advertising businesses.
In a call with analysts, Amazon (AMZN) leadership expressed their concerns about an economic slowdown. However, there were some optimistic notes, with chief executive officer Andy Jassy saying of AWS “few folks appreciate how much new cloud enterprise will happen over the next several years.”
Yahoo money management’s Brad Smith, Rachelle Akuffo, and Allie Garfinkle were listening to the call. They noted how cautious Amazon executives were, the big focus on cost cutting, and the opportunities the enterprise has with AI.
Key video moments
00:00:15 Amazon stock check
00:00:50 C-suite’s cautious tone
00:01:20 Key takeaways
00:03:50 What was said about AI
00:08:00 Vibe checks
00:09:25 What analysts, social media users are saying
00:12:22 Final thoughts
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