After-Hours Stock Movements: Amazon Surges While Apple and Reddit Decline
Amazon's shares surged over 9% after hours following better-than-expected Q2 revenue growth, particularly driven by a strong performance in its cloud segment. The unit grew at the fastest pace in nearly five years with year-over-year expansion of 37%, outpacing forecasts. Apple experienced volatile trading post-market close as shares fell more than 4%. Despite reporting stronger-than-expected Q3 revenue and a significant increase in iPhone sales, investor sentiment remained cautious. Coinbase's stock dropped over 5% after the crypto exchange posted its third consecutive quarterly loss of $359.5 million. Rivian Automotive saw a modest gain as it revised down spending plans for 2026 and slightly narrowed expected losses while reaffirming delivery targets. Reddit shares fell more than 7%, despite beating earnings expectations, due to concerns over declining search-referral traffic from Google.
Tickers: $AAPL $AMZN $COIN $FSLR $RDDT $RIVN
Topics: Amazon Apple Coinbase Earnings Reports First Solar Reddit Rivian Automotive