Amazon reports better-than-expected earnings despite tumult of Trump tariffs

Tech giant exceeded expectations for three quarters in a row, but it is expected to report slowest revenue growth rate since 2022

Amazon reported strong first-quarter earnings for the 2025 fiscal year on Thursday after the New York stock exchange closed – results that will be seen in the context of consumer resilience in the face of Donald Trump’s tariff wars.

Amazon reported $1.59 in earnings-per-share (EPS) and revenue of $155.67bn. Analysts had estimated that the company’s EPS would come in at $1.36 on revenue of $155bn. In particular focus: Amazon’s advertising business, which grew 19% in the first quarter of 2025, handily exceeding analyst expectations as well. The company has exceeded Wall Street’s expectations for the previous two quarters. At the close of the first quarter last year, the company reported earnings of $0.98 per share on sales of $143bn. In spite of the growth, shares dropped in after-hours trading.

Continue reading...