04:45 PM EDT, 04/30/2024 (MT Newswires) -- Amazon.com ( AMZN ) late Tuesday reported stronger-than-expected first-quarter results while the e-commerce giant's revenue guidance for the current three-month period fell short of Wall Street's estimates.

Per-share earnings jumped to $0.98 for the quarter through March 31 from $0.31 a year earlier, topping the Capital IQ-polled GAAP EPS forecast of $0.83. Sales increased 13% to $143.31 billion, higher than the Street's $142.55 billion view.

The stock was up 2.2% in after-hours trading activity.

Sales at its cloud-computing platform Amazon Web Service rose 17% annually to $25.04 billion. Overall, North American sales climbed 12% to $86.34 billion, while international revenue gained 10% to $31.94 billion.

Consolidated operating income surged to $15.31 billion in the first quarter from $4.77 billion a year earlier.

The company expects second-quarter sales of $144 billion to $149 billion, which would reflect annual growth between 7% and 11%. Analysts polled by Capital IQ are looking for $150.09 billion.

Amazon ( AMZN ) projected operating income between $10 billion and $14 billion in the current quarter, compared with $7.7 billion in the 2023 second quarter.

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