Amazon.com (NASDAQ:AMZN) reported on Thursday first quarter earnings that missed analysts’ forecasts and revenue that fell short of expectations.
Amazon.com announced earnings per share of $1.09 on revenue of $26.02M. Analysts polled by Investing.com anticipated EPS of $9.49 on revenue of $104.49B.
Amazon.com shares are up 7% from the beginning of the year, still down 1.59% from its 52 week high of $3,552.25 set on September 2, 2020. They are under-performing the S&P 500 which is up 12.15% from the start of the year.
Amazon.com shares gained 1.08% in intra-day trade following the report.
Amazon.com follows other major Services sector earnings this month
Amazon.com‘s report follows an earnings beat by Visa A on Tuesday, who reported EPS of $1.38 on revenue of $5.73B, compared to forecasts EPS of $1.27 on revenue of $5.56B.
Comcast had beat expectations on Thursday with first quarter EPS of $0.76 on revenue of $27.21B, compared to forecast for EPS of $0.5852 on revenue of $26.72B.
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