Company Earnings Update 2 minutesRegister for Free AccessAmazon (AMZN) 1Q16 Earnings: Beats Estimates on Top and Bottom Lines; 2Q Guidance in Line Coresight Research April 28, 2016 Executive Summary Amazon reported 1Q16 revenues of $29.1 billion, up 28.2% year over year and ahead of the $28.0 billion consensus estimate. EPS was $1.07, beating the $0.60 consensus estimate and compared to a loss of $0.12 in the year-ago quarter. The fastest growth was in Amazon Web Services (AWS), whose revenues grew by 64% year over year, to nearly $2.6 billion. Revenues from sales of electronics and other general merchandise grew by a more modest 31%, yet the segment’s revenues were up by more than $4.9 billion year over year. For 2Q16, Amazon expects revenues of $28.0–$30.5 billion, representing 21%–32% year-over-year growth. The company expects operating income of $375–$975 million, compared to $464 million in the year-ago quarter. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Earnings Insights 4Q22, Week 3: CVS and L’Oréal Report Strong Sales Momentum; Capri, Coty and VF Corp See DeclinesSeasonal Shopping, 4Q23—Shoppers’ Latest Holiday Expectations: US Consumer Survey Insights ExtraNRF APAC 2024: Wrap-Up—Strategizing for the Future of Retail with AI and Customer-CentricityConsumer Avoidance Falls: China Consumer Tracker