Amazon Beats Q1 Earnings, Misses Q2 Expectations
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Amazon exceeded Q1 earnings expectations, reporting $155.67 billion in sales and $1.59 EPS, surpassing analyst predictions. However, Q2 guidance fell short of Wall Street's projections, forecasting $13.0 billion to $17.5 billion in operating income compared to the expected $17.82 billion. Amazon's stock initially dropped 5% in after-hours trading following the report. CEO Andy Jassy's career journey before Amazon was also highlighted.
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