Amazon reported strong first-quarter earnings, surpassing analyst expectations with $1.59 EPS and $155.67bn revenue.
Despite the growth, Amazon's stock dropped in after-hours trading amidst fears of consumer cutbacks due to Trump's tariffs.
Amazon is navigating the impact of Trump's tariffs, with over 50% of its products subject to the tariffs, potentially leading to higher prices for consumers.
CEO Andy Jassy emphasized the importance of a wide selection and low prices, reassuring efforts to maintain customer demand despite the tariff uncertainties.