Company Earnings Update 4 minutesRegister for Free Access (NASDQ: AMZN) 1Q19 Results: Blows Out EPS, Strength in AWS and Subscriptions, Light Q2 Profit Guidance

Executive Summary

  • reported 1Q19 revenues of $59.70 billion, up 17.0% year over year and in line with the consensus estimate. EPS was $7.09, up 61% year over year and beating the $4.70 consensus estimate.
  • Amazon Web Services (AWS) was the fastest-growing segment by far, growing 41.4%; subscription revenue grew 40.0%. Operating profit in the North America segment doubled, and the loss in the international segment declined sharply.
  • The company guided for 2Q19 revenues of $59.5-63.5 billion (up 13-20% year over year), in line with the consensus estimate, and operating income of $2.6-3.6 billion, below the $4.2 billion consensus estimate.

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