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Amazon stock rises, then drops after beating Q1 estimates with $127.4B in revenue

GeekWire

Net income was $0.31 Analysts were closely watching Amazon Web Services as it is a key profit driver but has faced slowing growth amid the broader tech spending slowdown and other macroeconomic conditions. Amazon Web Services: Amazon’s cloud business was up 16% at $21.3 Amazon reported $127.4 per share, or $3.2

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Amazon stock jumps 7% after Q2 earnings beat estimates with $134.4B in revenue

GeekWire

Net income was $0.65 Recent changes to the company’s shipping fulfillment network, including better inventory placement, have also resulted in decreased costs, said Amazon CFO Brian Olsavsky on a call with reporters. Amazon Web Services: Amazon’s cloud business was up 12% at $22.1 Amazon reported $134.4