Amazon revenues $155.7B vs expectations of $154.889B. EPS $1.59 versus $1.36 expected.

• Revenues $155.7 billion which is higher than the $154.889 billion estimate.
• EPS $1.59 versus $1.36 expected.
• AWS +17% to $29.3 million
• AWS operating income $11.5 billion versus $9.4 billion previous

Forward guidance for Q2

• Q2 operating income guidance 13 – $17.5 billion which is lower than expected $17.82 billion expected.
• Q2 revenue view $159 billion-$164 billion versus expectations of $161.62 billion.
• Q2 revenue guidance anticipates unfavorable impact of about $10 billion from FX rates.

Amazon shares are trading down 4.86% on concerns about guidance.

This article was written by Greg Michalowski at www.forexlive.com.