Amazon.com First Quarter 2023 Earnings: Beats Expectations

Amazon.com ( NASDAQ:AMZN ) First Quarter 2023 Results Key Financial Results Revenue: US$127.4b (up 9.4% from 1Q 2022... Read More...

Amazon.com (NASDAQ:AMZN) First Quarter 2023 Results

Key Financial Results

  • Revenue: US$127.4b (up 9.4% from 1Q 2022).

  • Net income: US$3.17b (up from US$3.84b loss in 1Q 2022).

  • Profit margin: 2.5% (up from net loss in 1Q 2022).

  • EPS: US$0.31 (up from US$0.38 loss in 1Q 2022).


All figures shown in the chart above are for the trailing 12 month (TTM) period

Amazon.com Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 45%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Multiline Retail industry in the US.

Performance of the American Multiline Retail industry.

The company’s shares are down 1.4% from a week ago.

Risk Analysis

You still need to take note of risks, for example – Amazon.com has 2 warning signs we think you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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