Amazon.com Earnings, Revenue miss In Q1

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Amazon.com Earnings, Revenue miss In Q1
Credit: © Reuters.

Investing.com - 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 $-7.56 on revenue of $116.44B. Analysts polled by Investing.com anticipated EPS of $8.37 on revenue of $116.46B.

Amazon.com shares are down 13% from the beginning of the year and are trading at $2,685.04 , down-from-52-week-high.They are outperforming the Nasdaq 100 which is down 17.55% from the start of the year.

Amazon.com shares lost 7.15% in after-hours trade the report.

Amazon.com follows other major Consumer Discretionary sector earnings this month

Amazon.com's report follows an earnings beat by Tesla on Wednesday, April 20, 2022, who reported EPS of $3.22 on revenue of $18.76B, compared to forecasts EPS of $2.26 on revenue of $17.87B.

McDonald’s had beat expectations on Thursday with first quarter EPS of $2.28 on revenue of $5.67B, compared to forecast for EPS of $2.17 on revenue of $5.57B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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