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.
The company forecast second quarter net sales of $14.5 billion to $16.2 billion, representing a year-over-year growth of 13% to 26%. Analysts currently expect revenues of $15.94 billion.
Amazon.com gapped open lower Friday and steadily declined throughout the first half of the morning. The stock finished down by 19.89 at $254.81 on strong volume. Amazon.com closed testing the lower end of a month and a half long range.
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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.