Amazon Announces 200M Prime Members, AWS $54B Annual Run Rate Business
By Alvarez in Business
Updated 3 years ago
E-commerce giant Amazon.com (NASDAQ: AMZN) announced first-quarter financials after market close Thursday, highlighting the growth of its Prime members and AWS business. What Happened: Amazon reported first-quarter revenue of $108.5 billion, beating the $104.5-billion street estimate. Revenue increased 44% year-over-year. Earnings per share were $15.79, beating an estimate of $9.54.