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Amazon Q1 earnings top Street estimates

Julie Hyman and Josh Lipton

Amazon (AMZN) reported first quarter earnings of $0.98 per share, topping expectations of $0.83. Net sales of $143.31 billion was slightly better than the estimated $142.59 billion. Both AWS and North American revenues came in above Street consensus.

The company's second quarter outlook, however, fell short of expectations. Amazon sees net sales of $144 billion to $149 billion. The estimate was for $150.2 billion.

Yahoo Finance's Julie Hyman and Josh Lipton break down the tech giant's quarterly results.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.

This post was written by Stephanie Mikulich.