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Amazon.com, Inc (NASDAQ: AMZN) shares traded higher by 1.3% on Friday after the company’s first-quarter earnings numbers far exceeded expectations.
For the first quarter, Amazon reported adjusted EPS of $15.79 on $108.5 billion in revenue. Both numbers beat consensus analyst estimates of $9.54 and $104.4 billion, respectively. Revenue was up 44% from a year ago.
Amazon Web Services cloud revenue was up 32% in the quarter to $13.5 billion. Online retail sales were up 44% to $52.9 billion.
Amazon also guided for second-quarter revenue of between $110 billion and $116 billion, above analyst estimates of $108.6 billion. Amazon’s second-quarter revenue will get a boost from the company’s annual Prime Day event, which Amazon confirmed will take place in June.