Amazon spikes to an all-time high after crushing earnings

Markets Insider

• Amazon reported first-quarter earnings that crushed expectations on Thursday.
• The stock spiked to an all-time high, up more than 7%, on the results.
• Follow Amazon's stock price in real-time here.

Shares of Amazon are surging, up as much as 7%, after the e-commerce giant reported first-quarter earnings that crushed expectations.

Here are the key figures:

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• Revenue: $51.04 billion versus an expected $49.96 billion.
• Earnings per share (GAAP): $3.27 a share versus an expected $1.26.
• Revenue guidance (Q2): $51 billion to $54 billion. Analysts had previously forecast sales of $52.27 billion. In the second quarter last year, the company posted $37.96 billion in sales.
• Operating income guidance (Q2): $1.1 billion to $1.9 billion. Amazon recorded $628 million in operating income in last year's second quarter.

The stock's previous all-time high was $1,617, hit in March of this year.