Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 1: I'm Jim Standadek along with Carol Masser. Let's take a
Speaker 1: look at some stocks on the move today. We're joined
Speaker 1: by Bloomberg News Cross asset reporter Denitza Sokova. Denza, there's
Speaker 1: some stocks movement in the after hours.
Speaker 3: Some big moves after hours.
Speaker 4: Let's start with Salesforce gave an outlook for revenue in
Speaker 4: the current prea that topped analysts estimates. We're seeing quite
Speaker 4: the reaction. The stock is up about five percent now,
Speaker 4: but it jumped as much as eight percent in after
Speaker 4: our trainings. The numbers of strong revenue is about eleven
Speaker 4: point one billion aless for expecting about ten point nine billion.
Speaker 4: One measure for bookings, we increase about fifteen percent alis
Speaker 4: for expecting ten percent. So they're handily rewarding a company
Speaker 4: that hasn't been doing so well here today it has
Speaker 4: dropped twenty nine percent. Of course, they are the largest
Speaker 4: maker of software and they release their AI too Agent
Speaker 4: Force this year.
Speaker 3: They're saying so.
Speaker 4: Far it's doing well ninety five hundred deals. But T
Speaker 4: Collan is raising some quotients, saying that this has largely
Speaker 4: been limited to experimentation and we're yet to see the growth.
Speaker 3: Nevertheless, great reaction after hours, Yeah, totally, Where do you
Speaker 3: want to go next?
Speaker 4: Opposite reaction in Snowflake after hours shares fail as much
Speaker 4: as eight percent. The company gave an outlook for operating
Speaker 4: margin that fell short of analysts estimates. It's all about
Speaker 4: concerns about AI spending and profitability of new I based too.
Speaker 4: That's pretty much the story for every company we see reporting.
Speaker 4: Snowflake make software that helps organize an ally store corporate cloud,
Speaker 4: and since the appointment of their new CEO, the company
Speaker 4: has focused on nothing new tools. It's up seventy two
Speaker 4: percent here today, so even today it's not bringing too
Speaker 4: much damage.
Speaker 3: Really quickly twenty seconds. Microsoft is something we've watched today.
Speaker 3: It's so about profitability.
Speaker 4: We had this report by the information that the software
Speaker 4: maker has lowered the expectation.
Speaker 3: Microsoft rebuilded this report.
Speaker 4: Nevertheless, the stock was down as much as three percent
Speaker 4: and it closed down two point five percent. Everyone is
Speaker 4: watching this AI spending and any sign that the future
Speaker 4: spending is decreasing is punished very harshly.
Speaker 2: This stock mover's report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
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