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Amazon reports better-than-expected earnings despite tumult of Trump tariffs

  • 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.

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