Amazon beats earnings expectations, sees market uncertainty ahead

Amazon officials said on Thursday global tariffs loom over potential profits in upcoming quarters.

The e-commerce and cloud services giant reported first-quarter revenue of $155.67 billion, a 9% year-over-year increase.

First-quarter earnings per share increased 64% year over year to $1.59.

First-quarter revenue and EPS beat Wall Street expectations of $155.04 billion and $1.36.

“It’s hard to tell what’s going to happen with tariffs right now,” CEO Andy Jassy said during a call with analysts after...