Amazon issues light guidance, noting 'tariffs and trade policies' as factors

Andy Jassy, CEO of Amazon, speaks during an unveiling event in New York on Feb. 26, 2025. Amazon reported better-than-expected results for the first quarter, driven by growth in its cloud computing and advertising businesses, but it gave soft guidance for the current period. The stock fell more than 4% in extended trading. Here's how the company did, compared with estimates from analysts polled by LSEG: Earnings per share: $1.59 vs. $1.36 estimated $1.59 vs. $1.36 estimated Revenue: $155.67 billion vs. $155.04 billion estimated Wall Street is also looking at other key revenue numbers: Amazon Web Services: $29.3 billion vs. $29.42 billion expected, according to StreetAccount $29.3 billion vs. $29.42 billion expected, according to StreetAccount Advertising: $13.92 billion vs. $13.74 billion expected, according to StreetAccount Amazon said it expects second quarter operating income to be between $13 billion and $17.5 billion, below the $17.64 billion consensus forecast, according ... Read full article.