Amazon.com, Inc. (NASDAQ:AMZN) shares are trading lower by 1.63% to $103.73 Monday morning. The stock is potenitally falling amid downward momentum after the company last week said it is experiencing slower April cloud growth. AWS segment revenue grew at a slower pace year over year.
The company also received a number of analyst rating updates following the earnings print.
What’s Going On?
Amazon reported first-quarter revenue of $127.4 billion, up 9% year-over-year. The revenue total came in ahead of a Street consensus estimate of $124.53 billion.
The company reported earnings per share of 35 cents in the first quarter, beating a Street estimate of 21 cents.
Amazon reported North American sales of $76.9 billion…Read More
According to data from Benzinga Pro, AMZN has a 52-week high of $146.57 and a 52-week low of $81.43.
