Amazon (AMZN) reported first-quarter earnings that topped analysts’ expectations, but its outlook disappointed.
The e-commerce and cloud services giant reported quarterly revenue of $155.7 billion, up 9% year-over-year and above the analyst consensus from Visible Alpha. Net income of $17.1 billion, or $1.59 per share, compared to $10.4 billion, or 98 cents per share, a year earlier, topping Wall Street’s estimates.
Looking ahead, Amazon projected second-quarter revenue of $159 billion to $164 billion, roughly in line at the midpoint with the $161.27 billion called for by Wall Street. However, Amazon’s projected operating income of $13 billion to $17.5 billion was largely below the analyst consensus.
Amazon shares fell about 4% in after-hours trading. The stock is down 13% so far in 2025 through Thursday’s close.
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