Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: This is the closing bell on this stock movers report
Speaker 2: the company's making moves at the close of US trading
Speaker 2: with Carol Masser, Tim Stenebeck, Romain Bostik, and Scarlet Fool.
Speaker 3: All right, I'm going to go back to the S
Speaker 3: and P. Five hundred as I normally do. Two hundred
Speaker 3: and thirty five names in that index. Folks gaining ground
Speaker 3: on this Thursday, two hundred and sixty six to the downside.
Speaker 3: Three Katie unchanged.
Speaker 4: All right, you take a look at the sectors not
Speaker 4: looking too good here, only three sectors in the green.
Speaker 4: You can see a lot of pain coming through the
Speaker 4: tech sector on this day in terms of what did well.
Speaker 4: Real estate, which is a little bit curious of about
Speaker 4: seven tens of percent, Financials and healthcare, some of your
Speaker 4: lone outperformers on a day where really it seems like
Speaker 4: a lot of the market wanted to fall.
Speaker 3: All right, let's get to some of the individual gainers.
Speaker 3: A lot of red there on that screen. But Google
Speaker 3: finishing off it's best levels of the session, still good
Speaker 3: for a gain of two point five percent, and we
Speaker 3: got Amazon out.
Speaker 1: Amazon earning is crossing the wire right now. In the
Speaker 1: third quarter, we're going to start with Amazon Web Services
Speaker 1: Net sales for that division thirty three billion dollars.
Speaker 2: That's light.
Speaker 1: The street was looking for thirty two point four billion dollars,
Speaker 1: so a miss for Amazon Web Services. As far as
Speaker 1: total sales for the company, that came in at one
Speaker 1: hundred and eighty point two billion dollars. That is a beat.
Speaker 1: The street was looking for one hundred and seventy seven.
Speaker 1: We'll just round it up to one hundred and seventy
Speaker 1: eight billion dollars EPs side a dollar ninety five, the
Speaker 1: street was looking for a dollar fifty eight. An operating
Speaker 1: margin coming in light at nine point seven percent. The
Speaker 1: street was looking for eleven point one. So just to
Speaker 1: round up here, operating margin is amiss for the quarter,
Speaker 1: and Amazon Web Services Net sales are amiss, though top
Speaker 1: line sales as well as the full bottom line adjusted
Speaker 1: EPs are a beat. You see the shares there moving
Speaker 1: up about eight percent.
Speaker 4: Yeah. Absolutely, And you take a look at the press
Speaker 4: release and each president and CEO of Amazon talking up
Speaker 4: the strong momentum and growth across Amazon is AI drives
Speaker 4: meaningful improvements in every corner of our business. Some comments
Speaker 4: on AWS two, Andy Jassey saying that AWS is growing
Speaker 4: at a pace we haven't seen since twenty twenty two,
Speaker 4: reaccelerating to twenty point two percent year over year, and
Speaker 4: you can see maybe some of that being expressed in
Speaker 4: the shares right now.
Speaker 1: And we got a forecast coming out now, guys here
Speaker 1: on the fourth quarter net sales, the company saying that
Speaker 1: it's going to see a range of about two hundred
Speaker 1: and six to two hundred and thirteen billion. The street
Speaker 1: was looking for roughly about two oh weeight and change,
Speaker 1: so basically guiding around what the street had already sort
Speaker 1: of priced in. As far as operating income for the
Speaker 1: current quarter, the company says expect twenty one to twenty
Speaker 1: six billion, so a wide range. The street was looking
Speaker 1: for something in the middle of that of about twenty
Speaker 1: three point eight.
Speaker 5: Carol so Katie looked at the commentary for Andy Jassey
Speaker 5: on AWS on the Storoare side of things is what
Speaker 5: I'm looking at right now. Andy Jasse calling out expanding
Speaker 5: same day delivery of perishable grocery. They've expanded that to
Speaker 5: over twenty three hundred communities. They'll do that by the
Speaker 5: end of the year. They plan a double number of
Speaker 5: rural communities with access to Amazon's same day and next
Speaker 5: day delivery. Still looking for any commentary on the consumer
Speaker 5: and how they're feeling. And look, we're going to know
Speaker 5: we're gonna get a lot of questions about those layoffs
Speaker 5: that were that we learned about earlier this week, as well.
Speaker 3: Aws growing at a pace we haven't seen since twenty
Speaker 3: twenty two. There's some commentary from Andy Jasse over to Amazon. Man,
Speaker 3: that's stock. Amazon is up ten percent here in the aftermarket,
Speaker 3: So investors liking what they got here, Katie.
Speaker 4: Yeah, absolutely significant for Amazon. You consider that relative to
Speaker 4: its own history, it's the cheapest among the big tech
Speaker 4: names going into that print. But let's take a look
Speaker 4: at Roku shares coming through full year net revenue forecasts
Speaker 4: meeting estimates here. They actually they boost that full year
Speaker 4: net revenue forecast. They met their estimates on the look ahead,
Speaker 4: but you can see that their shares are falling ten
Speaker 4: percent postmarket right now. They see full year net revenue
Speaker 4: four point six y nine billion dollars. They had seen
Speaker 4: four point sixty five billion dollars. The estimate had been
Speaker 4: for four point sixty six billion dollars. But stilly, you
Speaker 4: can see the shares really taking whack in the after
Speaker 4: hours now down fourteen percent.
Speaker 1: Yeah, I just want to point out too, just real
Speaker 1: quickly here on Gilliad. Gilliad actually out with this results
Speaker 1: as well. It looks like a sort of softness on
Speaker 1: a couple of key measures. But let's go back to
Speaker 1: Amazon here, because the shares continued to get a strong
Speaker 1: bid here. The company now re saying that it can
Speaker 1: reaccelerate AWS growth to twenty point two percent year over year.
Speaker 1: That we should point out in the most recent quarter
Speaker 1: growth in that unit was already about twenty percent, So
Speaker 1: we'll try to get you some more details on that.
Speaker 1: The company also talking about the costs for some of
Speaker 1: the layoffs, saying that it is estimated that there were
Speaker 1: about one point eight billion dollars in severance costs in
Speaker 1: the most recent quarter, as well as two point five
Speaker 1: billion dollars in costs related to a legal sediment settlement
Speaker 1: with the Federal Trade Commission.
Speaker 5: Here that was the most recent quarter, so that doesn't
Speaker 5: account for what happened exactly the current quarter. I'm getting
Speaker 5: more numbers here from from Amazon worth going over some
Speaker 5: of these they're worth repeating. Net sales for the third
Speaker 5: quarter up thirteen percent year over year to one hundred
Speaker 5: and eighty point seventeen billion. Online stores net sales up
Speaker 5: nine point eight percent to sixty seven point four to
Speaker 5: one billion. The company is saying that subscription service net
Speaker 5: sales excluding FX up ten percent. AWS net sales excluding
Speaker 5: FX up twenty percent. Earnings per share one dollar and
Speaker 5: ninety five cents versus one dollar and sixty eight cents
Speaker 5: quarter over quarter. Operating income coming in seventeen point four
Speaker 5: to two billion dollars versus seventeen point four to one
Speaker 5: billion dollars year over year the estimate nineteen point seven
Speaker 5: two billion dollars.
Speaker 3: All right, Zillo dropping in the after market. Let's go
Speaker 3: to the numbers. Third quarter revenue, folks, that's a beat.
Speaker 3: Six hundred and seventy six million dollars. The estimate on
Speaker 3: the street was six hundred and seventy point nine million.
Speaker 3: Third quarter just to dps two pennies better forty four
Speaker 3: cents versus an estimate on the street of forty two cents.
Speaker 3: The fourth quarter outlook this is always key company. Zillo
Speaker 3: seeing fourth quarter revenue six hundred forty five million to
Speaker 3: six hundred and fifty five million, so that too is
Speaker 3: above the street estimate of six hundred and forty four
Speaker 3: point three million, and mortgage's revenue fifty three million. That's
Speaker 3: above the estimate of fifty point two but nonetheless, Zillow
Speaker 3: down about one percent here in the aftermarket.
Speaker 1: I just want to we've been talking about the rapid
Speaker 1: rise and shares an Amazon. Amazon not the best performer
Speaker 1: in the after hour straight It is a Lassian ticker.
Speaker 1: Team shares up twelve percent in the most recent quarter,
Speaker 1: its fiscal first quarter, the company came in with a
Speaker 1: big beat on the bottom line, a dollar four share
Speaker 1: for EPs. The street was looking for eighty four cents.
Speaker 1: Cloud revenue coming in above estimates too, at about nine
Speaker 1: hundred and ninety eight million dollars in the company guiding
Speaker 1: for its fiscal second quarter the current quarter saying that
Speaker 1: revenue overall will be about one point five four billion
Speaker 1: dollars above street estimates, and it sees cloud revenue in
Speaker 1: the current quarter year over year rising twenty three percent.
Speaker 5: Okay, I'm looking at coinbase shares hire by just about
Speaker 5: one percent in the after hours. The third quarter total
Speaker 5: revenue coming in above estimates ever so slightly one point
Speaker 5: eight seven billion versus estimates of one point eight billion.
Speaker 5: Coin based third quarter trading volume coming in just shy
Speaker 5: of estimates. A two hundred ninety five billion dollars third
Speaker 5: quarter subscription and services revenue coming in above estimates at
Speaker 5: seven hundred and forty seven million dollars. Third quarter transaction
Speaker 5: revenue coming above estimates at one point h five billion dollars.
Speaker 5: Shares now moving too much in the after hours, bouncing
Speaker 5: between gains and losses, down just about one tenth of
Speaker 5: one percent.
Speaker 4: Interesting the trading volume missed on expectations for coinbase. You
Speaker 4: think about all the volatility that we've seen in bitcoin
Speaker 4: and crypto overall, but not exactly translating into big volumes
Speaker 4: for coinbas at least relative to expectations. Let's talk about
Speaker 4: Reddit though, getting those numbers out their third quarter daily
Speaker 4: active users, that figure actually beat estimates, coming in at
Speaker 4: one hundred and sixteen million. The estimate had been for
Speaker 4: just over one hundred and fourteen million. You can see
Speaker 4: the reaction in shares ray Now, then you think about
Speaker 4: the third quarter net income that measure big beat there,
Speaker 4: one hundred and one hundred and sixty two point seven
Speaker 4: million dollars. The estimate had been for one hundred and
Speaker 4: four million dollars. So a beat for Reddit when it
Speaker 4: comes of course to Daly active users, a very closely
Speaker 4: washed metric. And also their net income shares up eleven
Speaker 4: percent in the after hours trade right now.
Speaker 3: All right, so a movement by Twilio as well, the
Speaker 3: cloud computing platform. This company talking about the outlook seeing
Speaker 3: fiscal you're adjusted operating income of nine hundred million to
Speaker 3: nine hundred and ten million, that is above what the
Speaker 3: street is looking for. The estimate is eight hundred and
Speaker 3: sixty seven point nine million. Also a fiscal year organic
Speaker 3: revenue they're looking for up eleven point three percent to
Speaker 3: up eleven point five percent. They had seen nine percent
Speaker 3: to ten percent growth. So again we're seeing that one
Speaker 3: pop remain almost six percent higher here in the aftermarket.
Speaker 1: And as we look at some of the big gainers
Speaker 1: in the after hours trade, keep an eye on Floor
Speaker 1: and decre the Home Floor Company, if you will, saying
Speaker 1: that it's going to elevate its president to CEO, Bradley Paulson,
Speaker 1: who had been president at the company for some time.
Speaker 1: We'll be taking over as CEO for Thomas Taylor, who
Speaker 1: will be elevated to the chairman role here though, shares
Speaker 1: up seven percent.
Speaker 5: Hey, I just want to go back.
Speaker 3: I'm sorry, remain I just want to go back to
Speaker 3: Amazon if I may, which has been popping here in
Speaker 3: the aftermarket. One of the things that investors were looking
Speaker 3: for is to their investments in Anthropic, a key rival
Speaker 3: to open Ai. Third quarter twenty twenty five net income
Speaker 3: includes pre tax gains of nine and a half billion,
Speaker 3: included in non operating income from their investments in Anthropics.
Speaker 3: So again, this is something that is certainly key, and
Speaker 3: I'll probably come up on that call.
Speaker 2: This stock mover's report from Bloomberg Radio. Check back with
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