Amazon.com Inc. (NASDAQ: AMZN) reported a strong first quarter after Thursday’s close, with results that came in ahead of expectations across all headline metrics. Revenue rose nearly 9% year over year to $155.7 billion, beating by $580 million, while GAAP EPS of $1.59 beat by $0.23.
Yet despite the beats, the tech giant fell in early trading on Friday. With cautious guidance for Q2 and Amazon shares still down more than 20% from their February high, investors seem hesitant to chase the rally, at least for now.
