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Amazon Beats Earnings Estimates and Unveils New Prime Effort: 5 Key Takeaways

Eric Jhonsa

After the bell on Thursday, Amazon reported Q1 revenue of $59.7 billion (up 17% annually) and GAAP EPS of $7.09 (up 117%). Jeff Bezos' company also guided for Q2 revenue of $59.5 billion to $63.5 billion (up 13% to 20%) and GAAP operating income of $2.6 billion to $3.6 billion. Amazon's shares, which went into earnings up 27% on the year, finished after-hours trading slightly higher and were up 1.2% to $1,923.87 in pre-market trading on Friday.