Amazon (NASDAQ: AMZN) reported Q1 EPS of $0.31, $0.10 better than the analyst estimate of $0.21. Revenue for the quarter came in at $127.4 billion versus the consensus estimate of $124.55 billion.

GUIDANCE:

Amazon sees Q2 2023 revenue of $127-133 billion, versus the consensus of $129.8 billion.

• Net sales are expected to be between $127.0 billion and $133.0 billion, or to grow between 5% and 10% compared with second quarter 2022. This guidance anticipates an unfavorable impact of approximately 30 basis points from foreign exchange rates.
• Operating income is expected to be between $2.0 billion and $5.5 billion, compared with $3.3 billion in second quarter 2022.
• This guidance assumes, among other things, that no additional business acquisitions, restructurings, or legal settlements are concluded.

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