Amazon's results were better than expected - The stock fell in the secondary market

New York 01/05/2025 23:55 (AFP/BELGA) Amazon recorded better than expected results in the first quarter, supported by the dynamism of remote computing (cloud) and artificial intelligence, but the group reported lower forecasts than the market projections. Net profit jumped by 64% over a year, to $17.1 billion, according to a press release published on Thursday. Returned per share, given the most followed by Wall Street, it posted at $1.59, bette…

Amazon reported better-than-expected first-quarter results, driven by momentum in remote computing and artificial intelligence, but the company's forecasts fell short of market projections.

Revenue from Amazon's important cloud services unit grew in line with expectations.