Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 1: Let's take a look at some stocks on the move today.
Speaker 1: I'm Tim Stanveek along with Carol Mass and we are
Speaker 1: joined by Bloomberg News cross as a reporter Danita Sikova.
Speaker 1: DANITZA A lot moving in the after hours as we
Speaker 1: are talking really big moves.
Speaker 3: Obviously, Amazon is on the move. I'm looking now at
Speaker 3: more than eleven percent gain. Of course, it's all about
Speaker 3: the cloud. Cloud unit posted the strongest growth rate in
Speaker 3: almost three years. The ticker, of course is AMZ and
Speaker 3: Amazon Web Services posted revenue thirty three billion. That's a
Speaker 3: twenty percent increase unless we're expecting about the eighteen percent grows.
Speaker 3: So this is well above expectations. During that quarter. Amazon
Speaker 3: total sales also so beat onless expectations there roles thirteen
Speaker 3: percent two hundred and eighty billion. There was obviously a
Speaker 3: lot of concern about the cloud business, that Amazon is
Speaker 3: falling behind and their competitors are winning the race. Clearly,
Speaker 3: investors are very optimistic now that we saw those results
Speaker 3: of course, Amazon Ewise heavily on a entro pick and
Speaker 3: they have had an eight billion investment in platform. So
Speaker 3: as much as they position themselves as a leader in
Speaker 3: the space, they have a big partner for sure. But
Speaker 3: really massive reactions after hours, and it has the games
Speaker 3: had continued after the Indish reaction, so quite impressive rally.
Speaker 3: Really probably one of the biggest gainers of the Magnificent seven.
Speaker 3: After earnings, Yeah, pretty wild up eleven percent here in
Speaker 3: the aftermarket.
Speaker 1: Let's go to Apple, which has had an interesting aftermarket
Speaker 1: trade today.
Speaker 3: It's been a roller coaster ride for Apple stock. Gains
Speaker 3: about four percent, a little bit over percent record sales.
Speaker 3: That's why the optimism. It comes some good projection for
Speaker 3: December quarter. Everyone is rushing to buy the iphon seventeen.
Speaker 3: That's definitely helping. So we're seeing those gigs, but the
Speaker 3: initial reaction was quite different, and fourth quarter revenue in
Speaker 3: China fell, so that's one of the reasons potentially we
Speaker 3: saw some initial hesitations for invention from investors. Revenue from
Speaker 3: Greater China fell about four percent to fourteen point five
Speaker 3: billion for the period, which is less than what analysts expected,
Speaker 3: but still that was definitely a concern broader. The earnings
Speaker 3: report was strong. Total sales came above what the street
Speaker 3: will expected. Of course, they're concerns about Apple in China,
Speaker 3: but actually sales in the US are very strong, and
Speaker 3: that's bringing some optimism.
Speaker 1: Just twenty seconds on Zlo ticker.
Speaker 3: Z zero is up about one percent and now third
Speaker 3: quarter results that exceeded analysts estimates. Real estate firm is
Speaker 3: battling several lawsuits. Just this week we get a little
Speaker 3: bit more information, but the earnest report is helping some
Speaker 3: positive moves after here. Of course small compared to Amazon
Speaker 3: and Apple, but still positive reaction there.
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