Amazon.com Inc. (AMZN) reported first quarter net income of $0.18 per share after the bell Thursday, down from $0.28 per share last year. The consensus estimate was for EPS of $0.09. Net sales increased 22% to $16.07 billion, compared with $13.18 billion in the year-ago quarter. The consensus estimate was for revenues of $16.16 billion.
Amazon.com gapped open lower Friday and has continued to decline in early trade. Shares are now down 13.01 at $261.69. The stock is trading near the middle of a 1-month range.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.