AMZN Earnings... w a shocker (Patreon)

Amazon's Q1 earnings: Sales reached $155.7B, slightly above estimates of $155.1B. EPS was $1.59, beating estimates of $1.36. AWS sales were $29.3B, missing estimates of $29.4B. For Q2, Amazon projects sales of $162B (vs. $161B estimated) and operating margins of $15.3B (vs. $17.8B estimated).

Notably, it's surprising that AWS sales are down, as AWS has typically been a strong growth driver for Amazon, often exceeding expectations due to high demand for cloud services.

Stock down $8 in a/hrs