Amazon shares jump more than 10% as cloud, advertising units drive revenue beat

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Andy Jassy, CEO of Amazon, speaks at the ceremonial ribbon cutting prior to tomorrow's opening night for the NHL's newest hockey franchise the Seattle Kraken at the Climate Pledge Arena on October 22, 2021, in Seattle.

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Amazon shares rose as much as 10% in extended trading on Thursday after the e-retailer reported first-quarter revenue that topped analysts' estimates.

Earnings: 31 cents per shareRevenue: $127.4 billion vs $124.5 billion expected, according to analysts surveyed by Refinitiv

Here's how other key Amazon segments did during the quarter:

Amazon Web Services: $21.3 billion vs. $21.22 billion expected, according to StreetAccountAdvertising: $9.5 billion vs. $9.1 billion, according to StreetAccount

It is not immediately clear if the reported earnings are comparable to the Refinitiv analyst estimate of 21 cents per share.

For the second quarter,Â AmazonÂ said revenue will be $127 billion to $133 billion. Analysts had called for sales of $129.8 billion, according to Refinitiv.

This story is developing. Check back for updates.