Amazon's latest financial report revealed a mixed performance, with the company achieving $155.7 billion in revenue, a 9% increase year-over-year, surpassing analyst expectations. However, disappointing guidance for Q2 and underwhelming growth in key segments like AWS and third-party seller services contributed to a 2.5% drop in stock price. AWS grew 17% year-over-year, which was below expectations, while advertising revenue grew 19%. Additionally, Amazon's investment in rural delivery capabilities promises to improve order volumes, but the overall market reaction was cautious given the future outlook.
Amazon's recent earnings report revealed mixed results, with a modest revenue growth of 9% year-over-year but disappointing guidance for future quarters.
Despite a strong quarterly revenue of $155.7 billion, Amazon's stock fell 2.5% due to lower expectations for growth in key areas such as AWS and online sales.
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