Amazon 1Q Revenue Surges 44%, Earnings Beat Estimates

The transcript discusses Amazon's strong financial performance, highlighting its net sales and operating income surpassing estimates. Amazon Web Services (AWS) continues to be a major profit driver despite increasing competition from Microsoft and Google. The impact of the global reopening on e-commerce sales is considered, with Amazon's future outlook being positive. Additionally, Gilead's financial results are reviewed, noting a miss in revenue estimates but a slight beat in earnings per share. The discussion also touches on the costs related to COVID-19 and their impact on Amazon's operations.

What was Amazon's first-quarter net sales figure, and how did it compare to estimates?

• $108.5 billion, beating estimates of $104.6 billion

• $104.6 billion, missing estimates of $108.5 billion

• $100 billion, below estimates

• $110 billion, matching estimates

Which Amazon segment is noted as the most profitable despite not being the largest?

• Amazon Retail

• Amazon Logistics

• Amazon Web Services (AWS)

• Amazon Prime

Which companies are mentioned as competitors to Amazon in the cloud services market?

• Microsoft and Google

• Facebook and Oracle

• Apple and IBM

• Netflix and Salesforce

What was Gilead's first-quarter revenue, and how did it compare to estimates?

• $6.4 billion, missing estimates of $6.74 billion

• $6 billion, below estimates

• $6.74 billion, exceeding estimates of $6.4 billion

• $7 billion, matching estimates

How much is Amazon expected to spend on COVID-19 related costs according to their guidance?

• $1 billion

• $1.5 billion

• $2 billion

• $2.5 billion