Amazon Reports Strong Q1 2019 with $59.7 Billion in Net Sales
Amazon (NASDAQ: AMZN) started 2019 off strong with net sales of $59.7 billion in the first quarter, a 17% year-over-year increase, compared to $51.0 billion in the first quarter of 2018. Operating cash flow increased 89% to $34.4 billion for the trailing 12 months and operating income was $4.4 billion, compared to $1.9 billion in Q1 2018. Net income was more than double the prior year quarter at $3.6 billion, or $7.09 per diluted share, compared to $1.6 billion, or $3.27 per diluted share in Q1 2018.
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