Amazon topped first-quarter expectations but issued cautious guidance due to uncertainty over Trump’s broad tariffs, according to CNBC. The company beat expectations with $1.59 per share and revenue of $155.67 billion. Amazon Web Services revenue missed estimates at $29.3 billion, while advertising revenue surpassed expectations at $13.92 billion. Tariffs are a key concern for investors this quarter as Amazon faces major exposure to Trump’s 145% levy, particularly through its retail unit that sources goods from China. Many third-party sellers, responsible for over half of Amazon’s sales, have begun raising prices and reducing ad spending in response to rising import costs.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Amazon topped first quarter expectations but issued cautious guidance due to uncertainty
00:06over Trump's broad tariffs according to CNBC. The company beat expectations with $1.59 per share
00:11and revenue of $155.67 billion. Amazon Web Services revenue missed estimates at $29.3 billion
00:18while advertising revenue surpassed expectations at $13.92 billion. Tariffs are a key concern for
00:24investors this quarter as Amazon faces major exposure to Trump's 145% levy, particularly
00:29through its retail unit that sources goods from China. Many third-party sellers responsible
00:34for over half of Amazon's sales have begun raising prices and reducing ad spending in
00:38response to rising import costs. For all things money, visit Benzinga.com slash GSTV.