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