Apple, Amazon, Zillow Rise After Earnings
On this episode of Stock Movers:
- Apple (AAPL) shares climbed in extended trading as fourth-quarter revenue edged past analysts’ estimates despite a surprise sales decline in China, where it’s been struggling to stage a comeback. Total sales rose 7.9% to $102.5 billion in the period, which ended Sept. 27, the company said in a statement Thursday. That slightly beat the $102.2 billion average estimate.
- Amazon (AMZN) shares rose in extended trading after the company reported net sales for the third quarter that beat the average analyst estimate. Amazon's cloud unit posted the strongest growth rate in almost three years, reassuring investors who were concerned that the largest seller of rented computing power was losing ground to rivals.
- Zillow (Z) shares rose in the aftermarket after the company announced third-quarter results that exceeded analyst estimates, even as the real estate firm battled several lawsuits from competitors and regulators.
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