The e-commerce giant reported quarterly revenue of $200.6 billion, topping estimates of $196.72 billion and driving after-hours gains.
Amazon shares climbed 12% in after-hours trading after reporting quarterly revenue of $200.6 billion, surpassing the $196.72 billion estimate. Operating income reached $22.5 billion, though comparisons to prior expectations were unclear.
The company posted earnings per share of $5.75, significantly higher than the $1.62 estimate, though analysts noted potential discrepancies in the comparison. Free cash flow remained negative at $7.6 billion over the trailing 12 months due to elevated spending.
The strong revenue performance and earnings beat drove the immediate share price rally, reflecting investor optimism about the quarter’s results.