Amazon Earnings Boost, Roku and Zillow Stock Movements | Stock Movers

Amazon's Strong Earnings Performance

• 🚀 Amazon's third-quarter results showed a significant climb, with shares up around 8% after the earnings report.
• 💡 The company reported total sales of $180.2 billion, beating street estimates of $178 billion, and adjusted EPS of $1.95, surpassing the expected $1.58.
• ⚠️ Despite a miss in operating margin (9.7% vs. 11.1% expected) and Amazon Web Services (AWS) net sales ($33 billion vs. $32.4 billion expected), the overall topline and bottom line beat reassured investors.
• 📈 Andy Jassy highlighted strong momentum across Amazon, driven by AI, and noted AWS is reacelerating growth to 20.2% year-over-year, a pace not seen since 2022.
• 💰 Amazon's Q3 results included a pre-tax gain of $9.5 billion from its investments in Anthropic, a rival to OpenAI.

Roku and Zillow Stock Reactions

• 📉 Roku shares fell approximately 10% in after-hours trading despite meeting revenue forecasts and boosting its full-year net revenue outlook.
• 📊 Zillow's stock dipped slightly in aftermarket trading, even though its third-quarter revenue and adjusted EPS exceeded analyst estimates.
• 🎯 The company provided a fourth-quarter outlook that was also above street estimates, with mortgage revenue also surpassing expectations.

Other Notable Stock Movers

• 🌟 Atlassian (ticker TEAM) shares surged over 12% in after-hours trade following a strong beat on earnings and cloud revenue, with an optimistic outlook for the current quarter.
• 📈 Coinbase saw its shares trade higher by about 1% after reporting third-quarter total revenue above estimates, though trading volume fell slightly short of expectations.
• 🚀 Reddit shares jumped 11% in after-hours trading, beating estimates for daily active users and net income.
• 💬 Twilio showed positive movement, with its outlook for fiscal year adjusted operating income and organic revenue exceeding street expectations.

Market Overview

• 📊 On this particular Thursday, the S&P 500 saw 235 names gaining ground, while 266 were in the downside.
• 📉 The tech sector experienced significant pain, with only three sectors in the green: real estate, financials, and health care.