Amazon’s double-digit revenue growth trend continues unabated financial outlook

[Global Science and Technology Comprehensive Report] According to Taiwan’s “Union News” report on April 28th, Amazon maintained a double-digit growth trend for its 20-year revenue, and this year saw no signs of slowing down. This quarter's revenue forecast exceeded analysts' expectations, and the stock price rose 5% after the close of trading.

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Amazon announced its first quarter revenue growth of 23% to 35.7 billion US dollars, net profit of 724 million US dollars, 1.48 US dollars per share profit. Bloomberg survey analysts originally estimated revenue of $35.3 billion, and earnings per share of $1.08.

Amazon predicts that its operating profit for the quarter will be between US$425 million and US$1.08 billion, and revenue from US$35.3 billion to US$37.8 billion, up by 24% from the same period last year. Analysts estimate it at 36.9 billion U.S. dollars.

Sebastian, an analyst with Robert W. Baird & Co., said: "Amazon seems to be fully fired, core e-commerce growth is still strong, Internet services are still stable after price cuts, membership service and advertising growth is strong, and it starts to improve. Help strengthen profitability."

Amazon shares closed at a record high of 918.76 US dollars on the 27th, rising 23% this year, after-hours stock price continued to rise 5%. (Internship Editor: Sun Ping Review: Tan Li Ya)

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