Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,
Speaker 1: your roundup of companies making moves in the stock market
Speaker 1: harnessing the power of Bloomberg data. Let's take a look
Speaker 1: at some stocks in the move today.
Speaker 2: John Tucker parsing the Stock Movers and only could do
Speaker 2: it today because he used his PDF files. What do
Speaker 2: you have? They have been under very intense pressure in
Speaker 2: the age of artificial intelligence to try to keep up.
Speaker 2: Adobe's chief executive officer, Shinantu Narian, is going to resign
Speaker 2: from his position. He served as CEO for eighteen years.
Speaker 2: Very widely respected. The stock has declined though, about twenty
Speaker 2: three percent so far this year, and putting it near
Speaker 2: its lowest level in three years. They of course make
Speaker 2: Photoshop and other products for the creative arts professionals. Among
Speaker 2: your group of application software companies, you know the story,
Speaker 2: including salesforce seen is struggling to win new comin customers
Speaker 2: in the face of all these AI upstarts. Adobe's work
Speaker 2: to weave artificial intelligence was through its creative in marketing software.
Speaker 2: It also offers the own its own range of AI
Speaker 2: models meant to generate imagery that doesn't necessarily carry copyright
Speaker 2: risk that's important in an effort to keep its market share,
Speaker 2: So the CEO oversaw a period of huge growth at
Speaker 2: the company. The annual revenue has multiplied almost six times
Speaker 2: to twenty four billion dollars since he took over at
Speaker 2: the end of two thousand and seven, and the workforce
Speaker 2: grown from about seven thousand to more than thirty thousand.
Speaker 2: He's often credited with steering one of the first successful
Speaker 2: transitions in software to a business model where customers, by
Speaker 2: the recurring subscribe that subscription that rather than those one time.
Speaker 2: Why is he leaving? Do we know?
Speaker 1: Is it just retiring or.
Speaker 2: Because they don't think the company is performing the way
Speaker 2: it's good? They is down twenty three percent year to date. Yeah,
Speaker 2: exactly what do you got next? When I get dragged
Speaker 2: into these stores, I always marvel and I get dragged
Speaker 2: in literally, I always marvel at what the margins must be.
Speaker 2: All to Beauty offering guidance for the current year toward
Speaker 2: the low end of expectations, Though the Cosmetic Exchange reporting
Speaker 2: strong revenue growth expansion to regions like the Middle East,
Speaker 2: the outlook suggest Alta, though is now taking a cautious
Speaker 2: approach comp sales expected to rise in a range of
Speaker 2: two and a half to three and a half percent
Speaker 2: this year, compared with a three and a half percent
Speaker 2: average chanalyst inestiment. Top range for earnings per year also
Speaker 2: only slightly higher than the average estimate. The stock has
Speaker 2: nearly doubled. It's been successful, so it's far past the pace.
Speaker 2: The s and P five hundred give us one more.
Speaker 2: Once Upon a Farm o FRM the ticker. This is
Speaker 2: the organic kids snacks maker, forecasting slowing the sales growth
Speaker 2: this year. This is the first report as a public company.
Speaker 2: Them in public in February raised nearly two hundred million.
Speaker 2: It has risen thirteen percent until they closed yesterday. The
Speaker 2: company founded in twenty fifteen. Jennifer Gardner and the chief
Speaker 2: executive officer, John Porker, joined in twenty seventeen. The actor
Speaker 2: is the co founder and the chief brand Salsage. Today well,
Speaker 2: it's lower markets.
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