Amazon.com AMZNdelivered first-quarter 2018 earnings of $3.27 per share, crushing the Zacks Consensus Estimate by $2.05 (168%) and also soared 121% year over year.
Net Sales of $51.04 billion comfortably surpassed the Zacks Consensus Estimate of $50.17 billion. The figure surged almost 43% year over year and beat management’s guided range of $47.
North America revenues (60.2% of sales) jumped 46.4% from the year-ago quarter to $30.73 billion. International revenues (29.1% of sales) increased 34.5% to almost $14.88 billion.
Amazon Web Services (AWS) Sizzles
AWS revenues climbed 48.6% year over year to $5.44 billion primarily driven by expanding customer base.
AWS launched two Availability Zones (“AZ”) and one Local Region in Osaka, Japan during the quarter. The company plans to open 12 more AZ across four regions (Bahrain, Hong Kong, Sweden) and a second GovCloud Region in the United States by early 2019.