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Market | Amazon's Shares Analysis by cnbc: There is an Increase of Amazon's Sales Surge as its Earnings Go Beyond Expectations.

  cnbc.com Amazon's sales surge 44% as it smashes earnings expectations Annie Palmer 4-5 minutes Amazon shares climbed more than 3% in extended trading Thursday after the company released its first-quarter earnings, beating Wall Street's expectations for earnings and revenue.  Here's how the e-commerce 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 pandemic-fueled surge of online shopping as much as Amazon . Its first-quarter results showed the company's business continues to be buoyed by the pandemic, with sales soaring 44% year over year to $108.5 billion. Amazon's 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 post-p