Amazon beat analysts’ forecasts Thursday afternoon with its Q1 earnings report. Earnings were $0.18 per share, or $82 million, on revenues of $16.07 billion, compared to earnings of $0.28 per share, or $130 million, on revenues of $13.18 billion this time last year.
Analysts had expected earnings of $0.07 per share on revenues of $16.1 billion.
Operating income, considered by investors to be a key measure of the company’s financial health, was $181 million, down 6 percent from the previous year.
Amazon is reportedly working on a set-top box, and in the release, CEO Jeff Bezos highlighted Amazon’s expansion into original television, focusing on the company’s recent release of 14 original pilots. “Our customers will determine what goes into full-season production,” he said. “We hope Amazon Originals can become yet another way for us to create value for Prime members.”
More to come
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