04:16 PM EDT, 04/30/2024 (MT Newswires) -- Amazon.com ( AMZN ) reported Q1 earnings late Tuesday of $0.98 per diluted share, up from $0.31 a year earlier.

Analysts surveyed by Capital IQ expected $0.83.

Net sales in the quarter ended March 31 rose to $143.3 billion from $127.4 billion a year earlier.

Analysts surveyed by Capital IQ expected $142.5 billion.

The company expects Q2 net sales of $144 billion to $149 billion. Analysts surveyed by Capital IQ expect $150.1 billion. The company expects operating income for the quarter of $10 billion to $14 billion.

Shares of the company rose 3.4% in after-hours trading.

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