Reports Q1 revenue $143.3B, consensus $142.53B. Amazon said that excluding the $0.2B unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 13% compared with first quarter 2023. First quarter 2024 net income includes a pre-tax valuation loss of $2.0B included in non-operating expense from the common stock investment in Rivian Automotive (RIVN), compared to a pre-tax valuation loss of $0.5B from the investment in first quarter 2023.
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