Investing.com -- Amazon reported Thursday first-quarter results that topped analysts' estimates, underpinned by cloud and advertising growth.
Amazon (NASDAQ:AMZN) shares gained 8% in after-hours trade following the report.
Amazon reported Q1 EPS of $0.31 on revenue of $127.4 billion, beating estimates of $0.21 on revenue of $124.55B.
Net sales in North America rose 11% to $76.88B billion year-on-year in Q1.
Amazon Web Services, its fast-growing cloud revenue segment, grew 16%, to $21.35B.
Advertising revenue, meanwhile, rose to $9.5B from $7.9B in the same period a year earlier.
For the second quarter, the company expects Q2 revenue of $127.0B to $133B and operating income of $2.0B to $5.5B. That was in line with market estimates for revenue of $129.9B.