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