Investing.com - Amazon.com (NASDAQ:AMZN) reported first quarter earnings that beat analysts' expectations on Thursday and revenue that was inline with forecasts.
The firm reported earnings per share of $7.09 on revenue of $59.7B. Analysts polled by Investing.com anticipated EPS of $4.71 on revenue of $59.7B. That compared to EPS of $3.27 on revenue of $51.04B in the same period a year earlier. The company had reported EPS of $6.04 on revenue of $72.38B in the previous quarter.
Amazon.com shares lost 0.26% to trade at $1,913.58 in after-hours trade following the report.
For the year, Amazon.com shares are up 27.74%, outperforming the Nasdaq which is up 24.77% year to date.
Amazon.com follows other major Services sector earnings this month
On Wednesday, Visa A reported second quarter EPS of $1.31 on revenue of $5.49B, compared to forecasts of EPS of $1.24 on revenue of $5.46B.
Verizon earnings beat analyst's expectations on Tuesday, with first quarter EPS of $1.2 on revenue of $32.13B. Investing.com analysts expected EPS of $1.17 on revenue of $32.15B
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