Amazon issues light guidance, noting 'tariffs and trade policies' as factors
Publishing timestamp: 2025-05-01 16:00:22
Summary
Amazon reported better-than-expected earnings and revenue for the first quarter, but gave soft guidance for the current period due to uncertainty around President Trump's tariffs. The stock fell more than 2% in extended trading. The company's net income and revenue numbers were slightly below expectations, with the cloud division growing at a slower rate than anticipated. However, the advertising unit saw strong growth. Amazon highlighted "tariffs and trade policies" as factors that could impact its future guidance. CEO Jassy remains optimistic about the company's ability to navigate the uncertain tariff environment and continue offering low prices to customers.
Sentiment: MIXED
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Source: https://www.cnbc.com/2025/05/01/amazon-amzn-q1-earnings-report-2025.html