Stock Movers: Earnings Roundup for Amazon, Reddit, First Solar, and More

Paramount Global Earnings

• 📊 Paramount Global (PARA) reported second-quarter revenue of $6.85 billion, which was in line with street expectations.
• 💡 Adjusted EPS for the second quarter came in at 46 cents per share, exceeding the estimated 37 cents per share.

Amazon's Financial Performance and AI Investments

• 🚀 Amazon's second-quarter EPS was $1.68, beating estimates by 35 cents, with net sales reaching $167.7 billion.
• 📈 AWS net sales grew 17% (excluding FX), meeting street expectations, and operating margin was a beat at 11.4% compared to the expected 10.4%.
• ⚠️ The company projects third-quarter net sales between $174 billion and $179.5 billion, surpassing the street's $173.2 billion estimate.
• 🧠 Despite strong revenue and AWS performance, Amazon's projected third-quarter operating income of $15.5 billion to $20.5 billion fell short of the street's $19.4 billion estimate, causing aftermarket stock fluctuations.
• 🤖 CEO Andy Jassy highlighted AI's impact on customer experience, including Alexa Plus, shopping agents, and AI models for software development.

First Solar's Revenue Growth and Guidance

• ☀️ First Solar exceeded second-quarter earnings expectations with $3.18 per share and reported $1.1 billion in revenue, up from $1.01 billion year-over-year.
• 📈 The company raised its full-year 2025 revenue guidance to between $4.9 billion and $5.7 billion, an increase from the previous $4.5 billion to $5.5 billion range.
• 💰 First Solar also narrowed its earnings guidance to $13.50-$16.50 per share.

Reddit's Profitable Quarter and Growth Outlook

• 📈 Reddit shares surged after reporting its most profitable quarter to date, with projected third-quarter sales between $535 million and $545 million, significantly exceeding the $473 million Wall Street estimate.
• 💰 Net income for the quarter was $89 million.
• 🎯 Reddit is investing in advertising technology to grow its share of the digital advertising market and is focused on attracting small- and medium-sized advertisers.

Other Notable Earnings and Market Movers

• 🚀 Roku shares rose after reporting second-quarter EPS of 7 cents (a beat) and revenue up 15% to $1.11 billion.
• ₿ MicroStrategy increased its fiscal year 2025 Bitcoin gain target to $20 billion and provided strong EPS and net income projections based on a $150,000 Bitcoin outlook.
• 🏛️ Fannie Mae and Freddie Mac stocks moved higher following a report that President Trump met with banking leaders to discuss monetizing the mortgage giants.
• semiconductor KLA reported fourth-quarter revenue of $3.17 billion, a beat over the $3.08 billion estimate, with adjusted EPS of $9.38, significantly outperforming the $8.55 estimate.
• 📉 Coinbase shares fell in after-hours trading despite a strong run-up, as second-quarter subscription and services revenue, total revenue, and trading volume all missed estimates.
• 🏠 Rocket Companies saw its shares rise after reporting adjusted revenue and EPS above estimates, and provided a strong third-quarter revenue guidance range of $1.6 to $1.75 billion.