Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Amazon share price up 1% on Q1 results revenue beat

The e-commerce company's stock is volatile after a better-than-expected Q1 earnings report.

Amazon share price is up in volatile US afterhours trading after an impressive Q1 earnings report. Amazon’s Q1 earnings report easily beat Wall Street predictions.

Amazon earnings:key figures

Earnings per share $7.09
Revenue $59.7 billion
Amazon Web Services(AWS) revenue $7.7 billion

Amazon share price up 1% on Q1 results revenue beat

Amazon’s Q1 earnings per share were $7.09, far surpassing the $4.72 expected from financial experts. Amazon’s Q1 revenue was $59.7 billion, meeting Wall Street expectations. The corporation’s Amazon Web Services (AWS)cloud computing revenue was $7.7 billion, matching earlier predictions. AWS's revenue grew by 42% since Q4 2018.

While Amazon’s Q1 earnings report shattered expectations, the one weak spot in Amazon’s Q1 revenue was its physical stores, like Whole Foods. Moody’s retail analyst, Charlie O’Shea, said that though sales increased, improvement was slight.

‘On the non-AWS side, sales are slowing, with physical stores (i.e. Whole Foods) essentially flat, and we note the reduced growth is largely generated by third-party sales,’ said O’Shea.

Amazon’s sales slowed, but bigger profits from AWS and the corporation’s advertising business increased Amazon’s Q1 earnings. Amazon advertising brought in $2.7 billion in revenue.

How did Amazon’s Q1 earnings compare to other ecommerce companies?

Compared to competitor eBay, Amazon’s Q1 earnings were positive. eBay’s revenue grew after increased sales and cost controls.

What’s next for Amazon’s results?

Amazon’s Q2 revenue forecast is to earn between $59.5 billion -$63.5 billion. That figure is in line with Wall Street expectations of Amazon’s earnings to be $59.65 billion.

Amazon’s Q1 earnings grow on strength of cloud business

Amazon’s Q1 profits skyrocketed on the strength of its AWS cloud services division competing with Google Cloud. Though Amazon’s sales may be stagnant, branching out into cloud computing paid off for Amazon’s Q1 earnings.

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

Act on share opportunities today

Go long or short on thousands of international stocks with spread bets and CFDs.

  • Get full exposure for a comparatively small deposit
  • Trade on spreads from just 0.1%
  • Get greater order book visibility with direct market access

See opportunity on a stock?

Try a risk-free trade in your demo account, and see whether you’re on to something.

  • Log in to your demo
  • Take your position
  • See whether your hunch pays off

See opportunity on a stock?

Don’t miss your chance – upgrade to a live account to take advantage.

  • Trade a huge range of popular stocks
  • Analyse and deal seamlessly on fast, intuitive charts
  • See and react to breaking news in-platform

See opportunity on a stock?

Don’t miss your chance. Log in to take advantage while conditions prevail.

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Sunday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of spread betting and CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.