Amazon reports $143B in Q1 revenue, topping Wall Street expectations

News Snapshot:

E-commerce giant Amazon's first-quarter shipping costs were $21.8 billion, a 10% increase compared to the same quarter in 2023. (Photo: Jim Allen/FreightWaves) E-commerce giant Amazon reported better-than-expected earnings and revenue for the first-quarter, driven by tweaks in its logistics operations, as well as growth in its advertising and cloud computing units, according to Amazon CEO Andy Jassy. “Delivery speed really matters to customers and we’ve continued to get faster while improving our safety performance,” Jassy said during a call with analysts Tuesday. “Over the past year, we’ve talked about how our regionalization efforts have helped to lower our cost of...