Benzinga - by Adam Eckert, Benzinga Staff Writer.
Amazon.com Inc (NASDAQ:AMZN) shares are trading higher in Thursday’s after-hours session following a pair of blowout quarters from mega-cap peers Microsoft Corp (NASDAQ:MSFT) and Alphabet Inc (NASDAQ:GOOG).
What Happened With Microsoft?
“Microsoft Copilot and Copilot stack are orchestrating a new era of AI transformation, driving better business outcomes across every role and industry," said Satya Nadella, chairman and CEO of Microsoft.
Related Link: Microsoft Q3 Earnings: Revenue Beat, EPS Beat, ‘New Era Of AI Transformation’ And More
What Happened With Alphabet?
“Our results in the first quarter reflect strong performance from Search, YouTube and Cloud. We are well under way with our Gemini era and there’s great momentum across the company. Our leadership in AI research and infrastructure, and our global product footprint, position us well for the next wave of AI innovation,” said Sundar Pichai, CEO of Alphabet.
Alphabet’s board also authorized an additional share repurchase program of up to $70 billion and announced its first-ever quarterly dividend of 20 cents per share. Alphabet shares were up approximately 13.5% at the time of writing.
Don’t Miss: Alphabet Q1 Earnings: Revenue Beat, EPS Beat, $70B Buyback, First-Ever Dividend, AI Leadership And More
What To Expect From Amazon
Meta Platforms IncAmazon is scheduled to report its first-quarter financial results after the market close on April 30. The company is expected to report earnings of 83 cents per share on revenue of $142.495 billion, according to estimates from Benzinga Pro.
AMZN Price Action: Amazon shares closed Thursday’s regular session down 1.65%. The stock was up 3.07% after hours at $178.98 at the time of publication, per Benzinga Pro.
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