WEBVTT - Apple, Amazon, Zillow Rise After Earnings

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 1>Let's take a look at some stocks on the move today.

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<v Speaker 1>I'm Tim Stanveek along with Carol Mass and we are

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<v Speaker 1>joined by Bloomberg News cross as a reporter Danita Sikova.

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<v Speaker 1>DANITZA A lot moving in the after hours as we

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<v Speaker 1>are talking really big moves.

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<v Speaker 3>Obviously, Amazon is on the move. I'm looking now at

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<v Speaker 3>more than eleven percent gain. Of course, it's all about

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<v Speaker 3>the cloud. Cloud unit posted the strongest growth rate in

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<v Speaker 3>almost three years. The ticker, of course is AMZ and

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<v Speaker 3>Amazon Web Services posted revenue thirty three billion. That's a

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<v Speaker 3>twenty percent increase unless we're expecting about the eighteen percent grows.

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<v Speaker 3>So this is well above expectations. During that quarter. Amazon

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<v Speaker 3>total sales also so beat onless expectations there roles thirteen

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<v Speaker 3>percent two hundred and eighty billion. There was obviously a

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<v Speaker 3>lot of concern about the cloud business, that Amazon is

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<v Speaker 3>falling behind and their competitors are winning the race. Clearly,

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<v Speaker 3>investors are very optimistic now that we saw those results

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<v Speaker 3>of course, Amazon Ewise heavily on a entro pick and

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<v Speaker 3>they have had an eight billion investment in platform. So

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<v Speaker 3>as much as they position themselves as a leader in

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<v Speaker 3>the space, they have a big partner for sure. But

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<v Speaker 3>really massive reactions after hours, and it has the games

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<v Speaker 3>had continued after the Indish reaction, so quite impressive rally.

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<v Speaker 3>Really probably one of the biggest gainers of the Magnificent seven.

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<v Speaker 3>After earnings, Yeah, pretty wild up eleven percent here in

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<v Speaker 3>the aftermarket.

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<v Speaker 1>Let's go to Apple, which has had an interesting aftermarket

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<v Speaker 1>trade today.

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<v Speaker 3>It's been a roller coaster ride for Apple stock. Gains

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<v Speaker 3>about four percent, a little bit over percent record sales.

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<v Speaker 3>That's why the optimism. It comes some good projection for

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<v Speaker 3>December quarter. Everyone is rushing to buy the iphon seventeen.

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<v Speaker 3>That's definitely helping. So we're seeing those gigs, but the

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<v Speaker 3>initial reaction was quite different, and fourth quarter revenue in

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<v Speaker 3>China fell, so that's one of the reasons potentially we

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<v Speaker 3>saw some initial hesitations for invention from investors. Revenue from

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<v Speaker 3>Greater China fell about four percent to fourteen point five

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<v Speaker 3>billion for the period, which is less than what analysts expected,

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<v Speaker 3>but still that was definitely a concern broader. The earnings

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<v Speaker 3>report was strong. Total sales came above what the street

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<v Speaker 3>will expected. Of course, they're concerns about Apple in China,

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<v Speaker 3>but actually sales in the US are very strong, and

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<v Speaker 3>that's bringing some optimism.

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<v Speaker 1>Just twenty seconds on Zlo ticker.

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<v Speaker 3>Z zero is up about one percent and now third

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<v Speaker 3>quarter results that exceeded analysts estimates. Real estate firm is

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<v Speaker 3>battling several lawsuits. Just this week we get a little

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<v Speaker 3>bit more information, but the earnest report is helping some

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<v Speaker 3>positive moves after here. Of course small compared to Amazon

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<v Speaker 3>and Apple, but still positive reaction there.

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<v Speaker 2>The stock Mover's report from Bloomberg Radio. Check back with

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