Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: This is the closing bell on this stock movers report
Speaker 2: the company's making moves at the close of US trading
Speaker 2: with Carol Master, Tim Stenobeck, Romain Bostik, and Scarlett Foo.
Speaker 3: So let's talk about paramount, if we will, because it's
Speaker 3: crossing the Bloomberg terminal as we speak. Ticker, of course
Speaker 3: is pa r A. And let me bring up the
Speaker 3: numbers here. Let's go to second quarter revenue the company
Speaker 3: six point eighty five billion. That is just pretty much
Speaker 3: in line the street was looking for six point eight
Speaker 3: seven billion second quarter adjusted EPs continuing operations forty six
Speaker 3: cents a share. That compares with an estimate of thirty
Speaker 3: seven cents a share. We are seeing the stock, I
Speaker 3: think initially. Are we seeing it?
Speaker 1: Yeah, it's kind of fluctuating, Carol, between gains and losses here.
Speaker 1: Of course, the stock that is going to be absorbed
Speaker 1: in the sky ants and repurpose, if you will, one
Speaker 1: of the many earnings that were waiting to cross the wire,
Speaker 1: and that includes Amazon. Carol, I believe Amazon earnings now
Speaker 1: on the.
Speaker 3: Tape, all right, So let's get to it, because we
Speaker 3: did see the stock gaining in the regular trade. Let's
Speaker 3: get to it. Second quarter EPs bucks sixty eight that
Speaker 3: is thirty five cents better than the street was expecting.
Speaker 3: Second quarter net sales Folks one hundred and sixty seven
Speaker 3: point seven billion. Again, that's a beat. One hundred and
Speaker 3: sixty two point fifteen was what the street was looking for.
Speaker 3: AWS Always Important net sales x FX up seventeen percent.
Speaker 3: That's in line with what the street was expecting. Second
Speaker 3: quarter operating margin eleven point four percent. That to Tim
Speaker 3: is a beat. Ten point four percent was what the
Speaker 3: street was expecting. Outlook Always Important sees third quarter net
Speaker 3: sales of one hundred and seventy four to one hundred
Speaker 3: and seventy nine point five billion, and Tim, the street
Speaker 3: was looking for one hundred and seventy three point twenty four.
Speaker 3: So that's a beat. Stock right now up about one
Speaker 3: and a quarter percent here in the aftermarket.
Speaker 4: Looking at what Andy Jasse says two shareholders. Our conviction
Speaker 4: AI will change every customer experience is starting to play
Speaker 4: out as we've expanded Alexa plus to millions of customers,
Speaker 4: continue to see our shopping agent used by many millions
Speaker 4: of customers. Launched AI models like deep fleet that optimized
Speaker 4: productivity path with our one million plus robots made it
Speaker 4: much easier for software developers to write code. In addition,
Speaker 4: he says, our AI progress across the board continues to
Speaker 4: improve our customer experience is speed of innovation, operational efficiency
Speaker 4: and business growth. Andy Jasse is excited. He says, for
Speaker 4: what Liza head shares now lower by about one percent.
Speaker 5: Let's talk a little bit about what they see ahead.
Speaker 5: Third quarter net sales between one hundred and seventy five
Speaker 5: billion dollars to one hundred and seventy nine point five
Speaker 5: billion dollars. The estimate had been for one hundred and
Speaker 5: seventy three point two billion dollars, So a little bit
Speaker 5: of an upgrade there. AWS, just to go back to it. Remember,
Speaker 5: there was a lot of focus on this because it's AWS,
Speaker 5: but also because we saw Microsoft put up big numbers
Speaker 5: yesterday when it came to Azure. But it looks like
Speaker 5: net sales for AWS beating as well.
Speaker 1: All right, just real quickly, I'll roku shares hire in
Speaker 1: the after hours trade as well. The company coming in
Speaker 1: with second query EPs of about seven cents. The street
Speaker 1: was actually looking for a loss, so a beat on
Speaker 1: that metric revenue of fifteen percent to one point one
Speaker 1: to one billion, and that is a beat over what
Speaker 1: the street was looking for.
Speaker 3: Guys, Hey, I just want to mention I'm going to
Speaker 3: go to first solo in a moment, but Amazon Sea's
Speaker 3: third quarter operating income a fifteen point five to twenty
Speaker 3: point five billion. The estimate on the street is nineteen
Speaker 3: point four to two billion, which might explain some of
Speaker 3: the bouncing around that we've seen in shares of Amazon
Speaker 3: in the aftermarket. So we've seen it's pull it up,
Speaker 3: it's down about six ten percent.
Speaker 4: Remain Let's talk a little strategy. The company formerly known
Speaker 4: as Micro Strategy. They've increased their fiscal year twenty five
Speaker 4: bitcoin gain target to twenty billion dollars from fifteen billion dollars.
Speaker 4: The company sees fiscal year twenty five earnings per share
Speaker 4: of eighty dollars per share based on one hundred and
Speaker 4: fifty thousand dollars bitcoin outlook. Remember bitcoin's out just shy,
Speaker 4: I have one hundred and twenty thousand dollars right now.
Speaker 4: Sees net income of twenty four billion dollars c fiscal
Speaker 4: year operating income of thirty four billion dollars. Their second
Speaker 4: quarter cash and cash equivalents has missed estimates. Shares in
Speaker 4: the after hours are well, I can't really tell it
Speaker 4: right now. Yeah, up about half a percent, all.
Speaker 1: Right, breaking news also here on Fanny and Freddie, both
Speaker 1: stocks moving higher in the after hours trade. This after
Speaker 1: report by Bloomberg citing people familiar with the situation that
Speaker 1: President Trump has met with leaders at JP Morgan, at
Speaker 1: Goldman Sachs, and at Bank of America at the White
Speaker 1: House and asked them to devise a plan to monetize
Speaker 1: the mortgage giants. I remember, these are effectively the government sponsored
Speaker 1: enterprises that have been in conservatorship since the financial crisis
Speaker 1: back in six seven eight, a path maybe potentially to
Speaker 1: being released from that conservatorship.
Speaker 5: Interesting to see this breaking news because, of course, we
Speaker 5: learned earlier today that Goldman CEO David Solomon was meeting
Speaker 5: with Trump on Thursday afternoon. We know that he invited
Speaker 5: JP Morgan's Jamie Diamond last week. I believe Brian moynihan
Speaker 5: also scheduled to appear there. Now some details about what
Speaker 5: exactly they're talking about, and certainly a hot topic there.
Speaker 3: Yeah, no doubt about it. These quasi public private enterprises
Speaker 3: have always been fascinating. All right, let's get to another
Speaker 3: earnings crossing. We're talking about KLA Corp. Crossing the Bloomberg terminal.
Speaker 3: Let me just pull it up here on my Bloomberg
Speaker 3: and you've got KLA fourth quarter revenue three point seventeen
Speaker 3: billion dollars. That's a bit of a beat. The estimate
Speaker 3: on the street was three point zero eight billion fourth
Speaker 3: quarter just ADPs nine dollars thirty eight cent census share.
Speaker 3: That is certainly some outperformance there. The street was looking
Speaker 3: for eight dollars fifty five cents. Let's go to the
Speaker 3: outlook first quarter just at EPs for KLA. They're looking
Speaker 3: for a justed EPs in the first quarter of seven
Speaker 3: dollars seventy six cents a share to nine dollars thirty
Speaker 3: cents a share. The street estimate is for eight dollars
Speaker 3: and seventeen cents. Right now, we're looking at KLA ten
Speaker 3: core up about one point six percent here in the aftermarket.
Speaker 4: In the aftermarket shares a coinbase more than three percent.
Speaker 4: Remember these shares were up fifty two percent going into
Speaker 4: the print today. The company was second quarter subscription and
Speaker 4: services revenue that missed estimates, coming in at six hundred
Speaker 4: and fifty five point eight million, total revenue for the
Speaker 4: second quarter coming to shy of estimates at one point
Speaker 4: five billion, trading volume coming in shy of estimates at
Speaker 4: two hundred and thirty seven billion, and to second quarter
Speaker 4: transaction revenue coming in at seven hundred and sixty four
Speaker 4: point three million. That's shy of estimates of eight hundred
Speaker 4: and ten million. Once again, shares right now lower by
Speaker 4: about five point four percent.
Speaker 5: Well, I have a good news story, and that is
Speaker 5: what's going on with Reddit of course reporting, and you
Speaker 5: can see the chairs are up eleven percent after hours.
Speaker 5: That's after Reddit raised its third quarter revenue forecasts. They
Speaker 5: now see revenue for the third quarter between five hundred
Speaker 5: and thirty five million dollars to five hundred and forty
Speaker 5: five million dollars. The previous estimate was for around four
Speaker 5: hundred and seventy three million dollars, So a big boost there,
Speaker 5: and it also helps that they beat on second quarter
Speaker 5: revenue as well. So beaten a raise coming out of Reddit.
Speaker 1: I'm just going to squeeze on one last one in
Speaker 1: rocket companies just reporting as well. Shares hire by eight
Speaker 1: percent in the after hours trade, the mortgage company saying
Speaker 1: that adjusted revenue did come in above estimates at one
Speaker 1: point three four billion EPs coming in above estimates at
Speaker 1: four cents a share, and the guidance for the third
Speaker 1: quarter the company says revenue should be in a range
Speaker 1: of one point six to one point seventy five billion, And.
Speaker 3: Just quickly want to end in first solo because we're
Speaker 3: seeing that stock move up about four percent in the
Speaker 3: aftermarket second quarter EPs three eighteen to two sixty six.
Speaker 3: Talking about the outlook ceas fiscal year EPs of thirteen
Speaker 3: fifty to sixteen fifty a share, that is above twelve
Speaker 3: fifty to seventeen fifty, so bit of a range there,
Speaker 3: but nonetheless, we are seeing that stock, which has been
Speaker 3: under some pressure, up about four point six percent. And
Speaker 3: just a reminder, we've got Amazon now down about two
Speaker 3: point three percent.
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