Amazon.com Announces First Quarter Results

Up 5% today and a further 8% after hours. Combined with Google, Microsoft and Meta results, it seems like big tech is roaring back.

Not Intel

INTC up 5% after hours.

They had largest ever quartely loss in company's history. Any news is good news...

recession cancelled?

Did you mean to say down 1% after hours? :)

Couldn't imagine it aging any worse than this for Amazon

Stock market loves layoffs, in the short term at least. They may not like what happens in a year or two but who cares.

What was said on the earnings call that erased the stock gain from the earnings release?

AWS growth slowing.

Cloud growth in April so far was 5% lower than the first quarter.

- EPS $0.31 vs $0.22

- Revenue $127.4 billion vs $124.55 billion

- AWS Net sales: $21.35 billion vs estimated $21.03 billion