Amazon: net profit soars 224% in Q1

(CercleFinance.com) - Amazon has announced Q1 net sales of 108.
5 billion dollars, up 41% at constant exchange rates y-o-y.

Operating income more than doubled in the same period, from 4 billion dollars to 8.9 billion dollars.

Meanwhile, net profit reached 8.1 billion dollars over the period, streets ahead of the 2.5 billion dollars in Q1 2020 (+224%).

At 15.79 dollars, quarterly EPS exceeded the consensus, up a staggering 215% y-o-y.

Jeff Bezos, Amazon's founder and boss, highlighted the success of Prime Video and AWS, saying that, by far, the group offers the broadest range of tools and services available, before assuring that Amazon would continue to invent relentlessly.

In Q2, Amazon expects net sales of 110 to 116 billion dollars, up 24% to 30% relative to Q2 2020.

The share is up over 2% in pre-market trading on Friday.



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