Technology

Amazon profit and cloud-unit sales top estimates

Amazon's first-quarter revenue of $127.4 billion topped expectations. (Bloomberg)
April 27, 2023 09:36 PM

Amazon.com Inc. reported quarterly profit that topped estimates as cost cuts and surprisingly strong sales in the cloud-computing division helped the e-commerce giant weather an uncertain economy. The shares were little changed in extended trading, giving back earlier gains of as much as 12%.

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