Stock Movers: Apple, Amazon, and Zillow Earnings Reactions

Amazon's Cloud Strength Drives Gains

• 🚀 Amazon (AMZN) shares surged over 11% in after-hours trading, primarily driven by its cloud unit.
• ⚡ The cloud segment posted its strongest growth rate in nearly three years, with revenue reaching $33 billion, a 20% increase, significantly exceeding analyst expectations of 18% growth.
• 📈 Overall, Amazon's total sales also beat estimates, rising 13% to $180 billion, alleviating investor concerns about losing ground to competitors.
• 💡 Amazon's strategic investment in AI firm Anthropic was noted as a significant partnership.

Apple's Mixed Earnings and China Concerns

• 🍎 Apple (AAPL) experienced a volatile aftermarket, with shares ultimately gaining about 4%.
• 💰 The optimism stems from record sales and positive projections for the December quarter, boosted by iPhone 17 demand.
• ⚠️ However, revenue from Greater China fell approximately 4% to $14.5 billion, which was below analyst expectations and caused initial investor hesitation.
• ✅ Despite China's performance, overall earnings reports were strong, with total sales exceeding street expectations, and US sales performing very well.

Zillow Exceeds Estimates Amidst Legal Battles

• 🏠 Zillow (Z) shares saw a modest rise of about 1% in aftermarket trading after reporting third-quarter results that surpassed analyst estimates.
• ⚖️ The real estate firm continues to navigate several lawsuits from competitors and regulators, but the positive earnings report provided a lift.