3 Reasons to Buy Amazon Stock Now

Amazon (NASDAQ: AMZN) stock ticked higher after hours on Tuesday after its first-quarter earnings report.

The company beat estimates on the top and bottom lines as its profit margins continued to ramp sharply higher. Overall revenue in the quarter rose 13% to $143.3 billion, topping estimates at $142.4 billion, and earnings per share (EPS) jumped from $0.31 to $0.98, ahead of the consensus at $0.82, even though the company had a $2 billion non-cash loss in its investment in Rivian.

Moving beyond the headline numbers, let's dig a little deeper and see why Amazon looks like a buy after the latest report.

Source Fool.com