Amazon stock pops after earnings beat [Yahoo! Finance Canada]
Alphabet Inc. - Class C Capital Stock (GOOG)
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Source: Yahoo! Finance Canada
Powered by a strong showing from its cloud computing segment, Amazon continued a wave of Big Tech results that have mostly wowed Wall Street, even as investors turn their focus to the conclusion of the Fed's May policy meeting on Wednesday. Here are some of Amazon's most significant metrics in the company's fiscal first quarter, according to data from Bloomberg: Net Sales: $143.3 billion vs. $142.6 billion expected ($127.4 billion in Q1 2023) Adjusted earnings per share: $0.98 vs. $0.83 expected ($0.31 in Q1 2023) Amazon Web Services: $25 billion vs. $24.1 billion expected ($21.4 billion in Q1 2023) Amazon's report arrived a week after its cloud rival and AI competitor Microsoft ( MSFT ) posted an impressive quarter, beating expectations on the strength of its cloud computing business . The market cheered even louder for Google parent Alphabet's ( GOOG GOOGL ) results, which outperformed on the top and bottom lines and came with an announcement of a new dividend, the latest
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