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AMZN Q1 2024 Earnings Report Beats Consensus

Key Financial Metrics

AMZN reported revenue of $121.2 billion for the first quarter of 2024, up 15% year-over-year. Net income came in at $6.4 billion, or $0.98 per share, beating consensus estimates of $0.83.

EPS Beats Consensus

The EPS of $0.98 represents a 20% increase compared to the same period last year. This strong performance was driven by higher revenue and improved profitability across all business segments.

Outlook and Conclusion

AMZN's strong Q1 results provide further evidence of the company's resilience and continued growth potential. The company is well-positioned to benefit from the ongoing shift towards e-commerce and cloud computing, and its investments in new technologies and services continue to pay off. As AMZN expands its reach and offerings, it is likely to remain a dominant player in the tech industry for years to come.

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