Amazon.com (AMZN) Tops Q1 EPS by 35c, Offers Q2 Guidance

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Go back to Amazon.com (AMZN) Tops Q1 EPS by 35c, Offers Q2 Guidance

Amazon revenue soars as cloud, retail businesses dominate

April 27, 2017 4:06 PM EDT

By Jeffrey Dastin and Anya George Tharakan

(Reuters) - Amazon.com Inc's (NASDAQ: AMZN) retail and cloud-computing sales rose in the first quarter, inching above Wall Street's expectations and sending the company's shares to an all-time high in extended trading.

The world's largest online retailer said on Thursday net sales rose 23 percent to $35.7 billion, just beating analysts' average estimate of $35.3 billion, according to Thomson Reuters I/B/E/S.

More fees from Amazon's Prime shopping club and media streaming services, along with growing advertising revenue, also boosted results.

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