Amazon shares climbed more than 3 in extended trading Thursday after the company released its firstquarter earnings, beating Wall Streets expectations for earnings and revenue.

Heres how the ecommerce giant fared, relative to analyst estimates compiled by Refinitiv

Earnings 15.79 per share vs. 9.54 per share expected
Revenue 108.52 billion vs. 104.47 billion expected
Few companies have benefited from the pandemicfueled surge of online shopping as much as Amazon. Its firstquarter results showed the companys business continues to be buoyed by the pandemic, with sales soaring 44 year over year to 108.5 billion.

Amazons guidance for the second quarter implies that it expects the momentum to continue, which should help allay investor fears that business could slow in a postpandemic environment. The company expects to post revenue between 110 billion and 116 billion, surpassing Wall Streets projection of 108.6 billion.

Crucially, Amazon confirmed in its guidance that this years Prime Day will take place in June, which will likely help yearoveryear comparisons for revenue in the second quarter. Typically, Amazons annual, twoday discount bonanza takes place in July, but the company postponed the event to October last year amid pandemicrelated uncertainty.

Amazon CEO Jeff Bezos also gave a rare glimpse into how the companys streaming service, Prime Video, has fared during the pandemic, as stuckathome consumers have relied on online entertainment. Prime Video is a key offering…