1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:09,880 --> 00:00:13,320 Speaker 2: This is the closing bell on this stock movers report 3 00:00:13,560 --> 00:00:16,520 Speaker 2: the company's making moves at the close of US trading 4 00:00:16,760 --> 00:00:21,319 Speaker 2: with Carol Masser, Tim Stenebeck, Romain Bostik, and Scarlet Fool. 5 00:00:22,239 --> 00:00:23,479 Speaker 3: All right, I'm going to go back to the S 6 00:00:23,520 --> 00:00:25,959 Speaker 3: and P. Five hundred as I normally do. Two hundred 7 00:00:25,960 --> 00:00:29,120 Speaker 3: and thirty five names in that index. Folks gaining ground 8 00:00:29,200 --> 00:00:31,840 Speaker 3: on this Thursday, two hundred and sixty six to the downside. 9 00:00:31,840 --> 00:00:33,200 Speaker 3: Three Katie unchanged. 10 00:00:33,240 --> 00:00:35,320 Speaker 4: All right, you take a look at the sectors not 11 00:00:35,720 --> 00:00:38,920 Speaker 4: looking too good here, only three sectors in the green. 12 00:00:38,960 --> 00:00:40,600 Speaker 4: You can see a lot of pain coming through the 13 00:00:40,600 --> 00:00:43,920 Speaker 4: tech sector on this day in terms of what did well. 14 00:00:44,000 --> 00:00:46,239 Speaker 4: Real estate, which is a little bit curious of about 15 00:00:46,280 --> 00:00:49,559 Speaker 4: seven tens of percent, Financials and healthcare, some of your 16 00:00:49,640 --> 00:00:53,640 Speaker 4: lone outperformers on a day where really it seems like 17 00:00:53,680 --> 00:00:55,040 Speaker 4: a lot of the market wanted to fall. 18 00:00:55,080 --> 00:00:57,040 Speaker 3: All right, let's get to some of the individual gainers. 19 00:00:57,040 --> 00:00:59,000 Speaker 3: A lot of red there on that screen. But Google 20 00:00:59,440 --> 00:01:01,560 Speaker 3: finishing off it's best levels of the session, still good 21 00:01:01,600 --> 00:01:05,440 Speaker 3: for a gain of two point five percent, and we 22 00:01:05,520 --> 00:01:06,400 Speaker 3: got Amazon out. 23 00:01:06,560 --> 00:01:09,040 Speaker 1: Amazon earning is crossing the wire right now. In the 24 00:01:09,040 --> 00:01:12,560 Speaker 1: third quarter, we're going to start with Amazon Web Services 25 00:01:12,560 --> 00:01:16,080 Speaker 1: Net sales for that division thirty three billion dollars. 26 00:01:16,400 --> 00:01:16,959 Speaker 2: That's light. 27 00:01:17,120 --> 00:01:20,279 Speaker 1: The street was looking for thirty two point four billion dollars, 28 00:01:20,280 --> 00:01:23,240 Speaker 1: so a miss for Amazon Web Services. As far as 29 00:01:23,360 --> 00:01:25,720 Speaker 1: total sales for the company, that came in at one 30 00:01:25,760 --> 00:01:28,360 Speaker 1: hundred and eighty point two billion dollars. That is a beat. 31 00:01:28,400 --> 00:01:31,240 Speaker 1: The street was looking for one hundred and seventy seven. 32 00:01:31,319 --> 00:01:33,160 Speaker 1: We'll just round it up to one hundred and seventy 33 00:01:33,200 --> 00:01:36,640 Speaker 1: eight billion dollars EPs side a dollar ninety five, the 34 00:01:36,640 --> 00:01:39,520 Speaker 1: street was looking for a dollar fifty eight. An operating 35 00:01:39,560 --> 00:01:41,640 Speaker 1: margin coming in light at nine point seven percent. The 36 00:01:41,640 --> 00:01:43,800 Speaker 1: street was looking for eleven point one. So just to 37 00:01:43,920 --> 00:01:47,120 Speaker 1: round up here, operating margin is amiss for the quarter, 38 00:01:47,400 --> 00:01:50,680 Speaker 1: and Amazon Web Services Net sales are amiss, though top 39 00:01:50,760 --> 00:01:53,520 Speaker 1: line sales as well as the full bottom line adjusted 40 00:01:53,520 --> 00:01:56,320 Speaker 1: EPs are a beat. You see the shares there moving 41 00:01:56,400 --> 00:01:57,240 Speaker 1: up about eight percent. 42 00:01:57,400 --> 00:01:59,240 Speaker 4: Yeah. Absolutely, And you take a look at the press 43 00:01:59,240 --> 00:02:02,800 Speaker 4: release and each president and CEO of Amazon talking up 44 00:02:02,840 --> 00:02:06,680 Speaker 4: the strong momentum and growth across Amazon is AI drives 45 00:02:06,720 --> 00:02:09,720 Speaker 4: meaningful improvements in every corner of our business. Some comments 46 00:02:09,800 --> 00:02:13,320 Speaker 4: on AWS two, Andy Jassey saying that AWS is growing 47 00:02:13,320 --> 00:02:16,040 Speaker 4: at a pace we haven't seen since twenty twenty two, 48 00:02:16,160 --> 00:02:19,280 Speaker 4: reaccelerating to twenty point two percent year over year, and 49 00:02:19,320 --> 00:02:21,320 Speaker 4: you can see maybe some of that being expressed in 50 00:02:21,320 --> 00:02:22,160 Speaker 4: the shares right now. 51 00:02:22,520 --> 00:02:24,639 Speaker 1: And we got a forecast coming out now, guys here 52 00:02:24,680 --> 00:02:26,960 Speaker 1: on the fourth quarter net sales, the company saying that 53 00:02:27,160 --> 00:02:28,960 Speaker 1: it's going to see a range of about two hundred 54 00:02:29,000 --> 00:02:30,960 Speaker 1: and six to two hundred and thirteen billion. The street 55 00:02:31,000 --> 00:02:33,280 Speaker 1: was looking for roughly about two oh weeight and change, 56 00:02:33,280 --> 00:02:36,320 Speaker 1: so basically guiding around what the street had already sort 57 00:02:36,360 --> 00:02:38,840 Speaker 1: of priced in. As far as operating income for the 58 00:02:38,919 --> 00:02:42,040 Speaker 1: current quarter, the company says expect twenty one to twenty 59 00:02:42,080 --> 00:02:44,880 Speaker 1: six billion, so a wide range. The street was looking 60 00:02:44,880 --> 00:02:46,720 Speaker 1: for something in the middle of that of about twenty 61 00:02:46,720 --> 00:02:47,880 Speaker 1: three point eight. 62 00:02:47,960 --> 00:02:51,600 Speaker 5: Carol so Katie looked at the commentary for Andy Jassey 63 00:02:51,680 --> 00:02:54,880 Speaker 5: on AWS on the Storoare side of things is what 64 00:02:54,919 --> 00:02:58,280 Speaker 5: I'm looking at right now. Andy Jasse calling out expanding 65 00:02:58,280 --> 00:03:00,919 Speaker 5: same day delivery of perishable grocery. They've expanded that to 66 00:03:00,960 --> 00:03:03,120 Speaker 5: over twenty three hundred communities. They'll do that by the 67 00:03:03,200 --> 00:03:04,880 Speaker 5: end of the year. They plan a double number of 68 00:03:04,960 --> 00:03:08,160 Speaker 5: rural communities with access to Amazon's same day and next 69 00:03:08,200 --> 00:03:11,160 Speaker 5: day delivery. Still looking for any commentary on the consumer 70 00:03:11,200 --> 00:03:13,239 Speaker 5: and how they're feeling. And look, we're going to know 71 00:03:13,280 --> 00:03:15,080 Speaker 5: we're gonna get a lot of questions about those layoffs 72 00:03:15,120 --> 00:03:17,840 Speaker 5: that were that we learned about earlier this week, as well. 73 00:03:17,720 --> 00:03:20,320 Speaker 3: Aws growing at a pace we haven't seen since twenty 74 00:03:20,400 --> 00:03:24,679 Speaker 3: twenty two. There's some commentary from Andy Jasse over to Amazon. Man, 75 00:03:24,680 --> 00:03:28,639 Speaker 3: that's stock. Amazon is up ten percent here in the aftermarket, 76 00:03:28,840 --> 00:03:31,600 Speaker 3: So investors liking what they got here, Katie. 77 00:03:31,320 --> 00:03:35,000 Speaker 4: Yeah, absolutely significant for Amazon. You consider that relative to 78 00:03:35,080 --> 00:03:37,760 Speaker 4: its own history, it's the cheapest among the big tech 79 00:03:37,840 --> 00:03:40,520 Speaker 4: names going into that print. But let's take a look 80 00:03:40,560 --> 00:03:44,279 Speaker 4: at Roku shares coming through full year net revenue forecasts 81 00:03:44,440 --> 00:03:48,000 Speaker 4: meeting estimates here. They actually they boost that full year 82 00:03:48,080 --> 00:03:51,520 Speaker 4: net revenue forecast. They met their estimates on the look ahead, 83 00:03:51,560 --> 00:03:54,160 Speaker 4: but you can see that their shares are falling ten 84 00:03:54,200 --> 00:03:57,760 Speaker 4: percent postmarket right now. They see full year net revenue 85 00:03:58,000 --> 00:04:00,880 Speaker 4: four point six y nine billion dollars. They had seen 86 00:04:00,960 --> 00:04:03,840 Speaker 4: four point sixty five billion dollars. The estimate had been 87 00:04:03,920 --> 00:04:06,320 Speaker 4: for four point sixty six billion dollars. But stilly, you 88 00:04:06,320 --> 00:04:08,720 Speaker 4: can see the shares really taking whack in the after 89 00:04:08,760 --> 00:04:10,360 Speaker 4: hours now down fourteen percent. 90 00:04:10,800 --> 00:04:12,480 Speaker 1: Yeah, I just want to point out too, just real 91 00:04:12,560 --> 00:04:15,480 Speaker 1: quickly here on Gilliad. Gilliad actually out with this results 92 00:04:15,560 --> 00:04:17,920 Speaker 1: as well. It looks like a sort of softness on 93 00:04:17,960 --> 00:04:19,800 Speaker 1: a couple of key measures. But let's go back to 94 00:04:19,839 --> 00:04:22,080 Speaker 1: Amazon here, because the shares continued to get a strong 95 00:04:22,160 --> 00:04:24,920 Speaker 1: bid here. The company now re saying that it can 96 00:04:25,000 --> 00:04:29,680 Speaker 1: reaccelerate AWS growth to twenty point two percent year over year. 97 00:04:29,680 --> 00:04:31,440 Speaker 1: That we should point out in the most recent quarter 98 00:04:31,720 --> 00:04:34,000 Speaker 1: growth in that unit was already about twenty percent, So 99 00:04:34,040 --> 00:04:35,800 Speaker 1: we'll try to get you some more details on that. 100 00:04:36,040 --> 00:04:38,800 Speaker 1: The company also talking about the costs for some of 101 00:04:38,800 --> 00:04:41,600 Speaker 1: the layoffs, saying that it is estimated that there were 102 00:04:41,640 --> 00:04:44,840 Speaker 1: about one point eight billion dollars in severance costs in 103 00:04:45,000 --> 00:04:48,040 Speaker 1: the most recent quarter, as well as two point five 104 00:04:48,080 --> 00:04:51,760 Speaker 1: billion dollars in costs related to a legal sediment settlement 105 00:04:51,880 --> 00:04:53,320 Speaker 1: with the Federal Trade Commission. 106 00:04:53,320 --> 00:04:55,440 Speaker 5: Here that was the most recent quarter, so that doesn't 107 00:04:55,440 --> 00:04:59,080 Speaker 5: account for what happened exactly the current quarter. I'm getting 108 00:04:59,080 --> 00:05:01,520 Speaker 5: more numbers here from from Amazon worth going over some 109 00:05:01,560 --> 00:05:04,280 Speaker 5: of these they're worth repeating. Net sales for the third 110 00:05:04,320 --> 00:05:06,960 Speaker 5: quarter up thirteen percent year over year to one hundred 111 00:05:06,960 --> 00:05:11,120 Speaker 5: and eighty point seventeen billion. Online stores net sales up 112 00:05:11,200 --> 00:05:13,880 Speaker 5: nine point eight percent to sixty seven point four to 113 00:05:13,920 --> 00:05:17,040 Speaker 5: one billion. The company is saying that subscription service net 114 00:05:17,080 --> 00:05:20,960 Speaker 5: sales excluding FX up ten percent. AWS net sales excluding 115 00:05:21,279 --> 00:05:24,400 Speaker 5: FX up twenty percent. Earnings per share one dollar and 116 00:05:24,480 --> 00:05:27,600 Speaker 5: ninety five cents versus one dollar and sixty eight cents 117 00:05:27,800 --> 00:05:31,720 Speaker 5: quarter over quarter. Operating income coming in seventeen point four 118 00:05:31,760 --> 00:05:34,640 Speaker 5: to two billion dollars versus seventeen point four to one 119 00:05:34,640 --> 00:05:37,560 Speaker 5: billion dollars year over year the estimate nineteen point seven 120 00:05:37,600 --> 00:05:38,560 Speaker 5: two billion dollars. 121 00:05:38,560 --> 00:05:41,000 Speaker 3: All right, Zillo dropping in the after market. Let's go 122 00:05:41,080 --> 00:05:43,840 Speaker 3: to the numbers. Third quarter revenue, folks, that's a beat. 123 00:05:43,920 --> 00:05:46,560 Speaker 3: Six hundred and seventy six million dollars. The estimate on 124 00:05:46,560 --> 00:05:49,039 Speaker 3: the street was six hundred and seventy point nine million. 125 00:05:49,600 --> 00:05:52,600 Speaker 3: Third quarter just to dps two pennies better forty four 126 00:05:52,680 --> 00:05:55,680 Speaker 3: cents versus an estimate on the street of forty two cents. 127 00:05:55,920 --> 00:05:59,479 Speaker 3: The fourth quarter outlook this is always key company. Zillo 128 00:05:59,560 --> 00:06:02,320 Speaker 3: seeing fourth quarter revenue six hundred forty five million to 129 00:06:02,360 --> 00:06:05,240 Speaker 3: six hundred and fifty five million, so that too is 130 00:06:05,279 --> 00:06:07,200 Speaker 3: above the street estimate of six hundred and forty four 131 00:06:07,279 --> 00:06:12,240 Speaker 3: point three million, and mortgage's revenue fifty three million. That's 132 00:06:12,240 --> 00:06:16,400 Speaker 3: above the estimate of fifty point two but nonetheless, Zillow 133 00:06:16,440 --> 00:06:18,320 Speaker 3: down about one percent here in the aftermarket. 134 00:06:18,560 --> 00:06:20,480 Speaker 1: I just want to we've been talking about the rapid 135 00:06:20,560 --> 00:06:23,120 Speaker 1: rise and shares an Amazon. Amazon not the best performer 136 00:06:23,160 --> 00:06:25,479 Speaker 1: in the after hour straight It is a Lassian ticker. 137 00:06:25,560 --> 00:06:28,400 Speaker 1: Team shares up twelve percent in the most recent quarter, 138 00:06:28,440 --> 00:06:30,839 Speaker 1: its fiscal first quarter, the company came in with a 139 00:06:30,839 --> 00:06:32,919 Speaker 1: big beat on the bottom line, a dollar four share 140 00:06:32,960 --> 00:06:35,800 Speaker 1: for EPs. The street was looking for eighty four cents. 141 00:06:35,839 --> 00:06:38,680 Speaker 1: Cloud revenue coming in above estimates too, at about nine 142 00:06:38,800 --> 00:06:42,000 Speaker 1: hundred and ninety eight million dollars in the company guiding 143 00:06:42,240 --> 00:06:44,600 Speaker 1: for its fiscal second quarter the current quarter saying that 144 00:06:44,680 --> 00:06:48,440 Speaker 1: revenue overall will be about one point five four billion 145 00:06:48,480 --> 00:06:52,080 Speaker 1: dollars above street estimates, and it sees cloud revenue in 146 00:06:52,160 --> 00:06:56,640 Speaker 1: the current quarter year over year rising twenty three percent. 147 00:06:56,920 --> 00:06:59,760 Speaker 5: Okay, I'm looking at coinbase shares hire by just about 148 00:06:59,760 --> 00:07:02,200 Speaker 5: one percent in the after hours. The third quarter total 149 00:07:02,240 --> 00:07:06,320 Speaker 5: revenue coming in above estimates ever so slightly one point 150 00:07:06,360 --> 00:07:09,080 Speaker 5: eight seven billion versus estimates of one point eight billion. 151 00:07:09,480 --> 00:07:12,080 Speaker 5: Coin based third quarter trading volume coming in just shy 152 00:07:12,080 --> 00:07:14,400 Speaker 5: of estimates. A two hundred ninety five billion dollars third 153 00:07:14,480 --> 00:07:17,920 Speaker 5: quarter subscription and services revenue coming in above estimates at 154 00:07:17,920 --> 00:07:21,440 Speaker 5: seven hundred and forty seven million dollars. Third quarter transaction 155 00:07:21,520 --> 00:07:25,360 Speaker 5: revenue coming above estimates at one point h five billion dollars. 156 00:07:25,360 --> 00:07:27,920 Speaker 5: Shares now moving too much in the after hours, bouncing 157 00:07:27,960 --> 00:07:30,160 Speaker 5: between gains and losses, down just about one tenth of 158 00:07:30,160 --> 00:07:30,680 Speaker 5: one percent. 159 00:07:30,840 --> 00:07:34,040 Speaker 4: Interesting the trading volume missed on expectations for coinbase. You 160 00:07:34,080 --> 00:07:36,720 Speaker 4: think about all the volatility that we've seen in bitcoin 161 00:07:36,760 --> 00:07:40,400 Speaker 4: and crypto overall, but not exactly translating into big volumes 162 00:07:40,400 --> 00:07:43,480 Speaker 4: for coinbas at least relative to expectations. Let's talk about 163 00:07:43,520 --> 00:07:46,400 Speaker 4: Reddit though, getting those numbers out their third quarter daily 164 00:07:46,480 --> 00:07:50,160 Speaker 4: active users, that figure actually beat estimates, coming in at 165 00:07:50,160 --> 00:07:53,600 Speaker 4: one hundred and sixteen million. The estimate had been for 166 00:07:53,840 --> 00:07:56,000 Speaker 4: just over one hundred and fourteen million. You can see 167 00:07:56,120 --> 00:07:58,559 Speaker 4: the reaction in shares ray Now, then you think about 168 00:07:58,600 --> 00:08:01,640 Speaker 4: the third quarter net income that measure big beat there, 169 00:08:01,680 --> 00:08:04,080 Speaker 4: one hundred and one hundred and sixty two point seven 170 00:08:04,120 --> 00:08:06,640 Speaker 4: million dollars. The estimate had been for one hundred and 171 00:08:06,640 --> 00:08:09,200 Speaker 4: four million dollars. So a beat for Reddit when it 172 00:08:09,200 --> 00:08:12,000 Speaker 4: comes of course to Daly active users, a very closely 173 00:08:12,120 --> 00:08:15,120 Speaker 4: washed metric. And also their net income shares up eleven 174 00:08:15,120 --> 00:08:16,800 Speaker 4: percent in the after hours trade right now. 175 00:08:16,720 --> 00:08:19,040 Speaker 3: All right, so a movement by Twilio as well, the 176 00:08:19,080 --> 00:08:23,679 Speaker 3: cloud computing platform. This company talking about the outlook seeing 177 00:08:23,680 --> 00:08:26,480 Speaker 3: fiscal you're adjusted operating income of nine hundred million to 178 00:08:26,560 --> 00:08:28,520 Speaker 3: nine hundred and ten million, that is above what the 179 00:08:28,520 --> 00:08:31,400 Speaker 3: street is looking for. The estimate is eight hundred and 180 00:08:31,440 --> 00:08:35,120 Speaker 3: sixty seven point nine million. Also a fiscal year organic 181 00:08:35,240 --> 00:08:38,800 Speaker 3: revenue they're looking for up eleven point three percent to 182 00:08:39,360 --> 00:08:42,199 Speaker 3: up eleven point five percent. They had seen nine percent 183 00:08:42,280 --> 00:08:45,040 Speaker 3: to ten percent growth. So again we're seeing that one 184 00:08:45,120 --> 00:08:48,960 Speaker 3: pop remain almost six percent higher here in the aftermarket. 185 00:08:48,440 --> 00:08:50,000 Speaker 1: And as we look at some of the big gainers 186 00:08:50,040 --> 00:08:51,840 Speaker 1: in the after hours trade, keep an eye on Floor 187 00:08:51,880 --> 00:08:56,400 Speaker 1: and decre the Home Floor Company, if you will, saying 188 00:08:56,440 --> 00:08:59,600 Speaker 1: that it's going to elevate its president to CEO, Bradley Paulson, 189 00:08:59,640 --> 00:09:01,880 Speaker 1: who had been president at the company for some time. 190 00:09:01,920 --> 00:09:04,680 Speaker 1: We'll be taking over as CEO for Thomas Taylor, who 191 00:09:04,720 --> 00:09:07,400 Speaker 1: will be elevated to the chairman role here though, shares 192 00:09:07,440 --> 00:09:08,160 Speaker 1: up seven percent. 193 00:09:08,280 --> 00:09:09,280 Speaker 5: Hey, I just want to go back. 194 00:09:09,679 --> 00:09:11,360 Speaker 3: I'm sorry, remain I just want to go back to 195 00:09:11,720 --> 00:09:13,599 Speaker 3: Amazon if I may, which has been popping here in 196 00:09:13,640 --> 00:09:16,280 Speaker 3: the aftermarket. One of the things that investors were looking 197 00:09:16,320 --> 00:09:19,440 Speaker 3: for is to their investments in Anthropic, a key rival 198 00:09:20,280 --> 00:09:23,480 Speaker 3: to open Ai. Third quarter twenty twenty five net income 199 00:09:23,520 --> 00:09:26,160 Speaker 3: includes pre tax gains of nine and a half billion, 200 00:09:26,800 --> 00:09:30,520 Speaker 3: included in non operating income from their investments in Anthropics. 201 00:09:30,640 --> 00:09:32,960 Speaker 3: So again, this is something that is certainly key, and 202 00:09:32,960 --> 00:09:35,800 Speaker 3: I'll probably come up on that call. 203 00:09:35,960 --> 00:09:40,000 Speaker 2: This stock mover's report from Bloomberg Radio. 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