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Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.

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Speaker 2: The Stock Movers Report, your roundup of companies making moves

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Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

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Speaker 1: I've been stati back along with Carol Masser. We're joined

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Speaker 1: by Red Brown. He's Bloomberg News earnings reporter. He's also

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Speaker 1: got his ion stocks on the move today, Red, what's

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Speaker 1: on your radar?

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Speaker 3: Yeah, first one is actually Broadcom the big kind of

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Speaker 3: earnings report from this evening, and the ticker for that

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Speaker 3: is a v g O. Shares were sort of bouncing

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Speaker 3: around after the report there. I think it's kind of

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Speaker 3: giving me the same vibe as in the video where

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Speaker 3: we're trying of waiting for more of the commentary during

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Speaker 3: the call. But again, it's it's this idea that you know,

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Speaker 3: the enthusiasm for AI is gone, not gone, but it's

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Speaker 3: like it's well understood at this point.

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Speaker 1: Right.

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Speaker 3: Yeah, So you know, the company gave they reported sales

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Speaker 3: pretty in line. They gave an outlook that was pretty

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Speaker 3: It was above estimate six point two billion for the

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Speaker 3: upcoming quarter versus estimates five point eight two billion. So

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Speaker 3: there is still growth there, There is still demand. But

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Speaker 3: I think we're just starting to kind of enter this

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Speaker 3: period of normalization. So I think that's maybe why we're

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Speaker 3: seeing the share sort of temper.

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Speaker 4: Yeah, I got it, I got it, I got it right, Yeah,

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Speaker 4: you're right. I mean, right now we're looking at shares

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Speaker 4: a broadcom very little changed here in the after hours.

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Speaker 1: Right Lulu, what's going on there? I mean a struggle.

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Speaker 3: What a eye opening report from from Lulu today. You know,

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Speaker 3: I go through I've been through hundreds, probably thousands of

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Speaker 3: earnings releases, and I don't think I've seen sort of

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Speaker 3: like such.

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Speaker 4: I thought I was gonna say, I've been through one

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Speaker 4: hundred thousands of like yoga pants its protesting.

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Speaker 2: Yeah, not not going here though, Okay, go ahead.

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Speaker 3: But it's rare to see a CEO be like this

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Speaker 3: sort of vocal about using this sort of strong language

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Speaker 3: about the lack of execution that he's seeing and the

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Speaker 3: disappointment within that the results and things like that. So

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Speaker 3: I think that really speaks to where Lulu's ad at

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Speaker 3: the moment. Shares it down I think forty seven percent

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Speaker 3: last time I checked for the year. That makes it

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Speaker 3: the fourth worst stock in the S and P five hundred.

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Speaker 3: So yeah, a really sort of eye opening report from

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Speaker 3: the company, and the weakness is that it's the US.

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Speaker 3: It's the US business. Shares fell three times more than

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Speaker 3: an excuse me, sales fell three times more than expected

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Speaker 3: or faster than expected in the US. But then if

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Speaker 3: you look outside the US, shares jumped seventeen thirteen percent.

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Speaker 3: But the problem is they get two thirds of the

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Speaker 3: revenue here. So yeah, it's really struggling with the US

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Speaker 3: market at the moment.

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Speaker 1: We're hearing from the company executives right now on the

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Speaker 1: call Demninimus closure hit profit guidance. The CEO says product

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Speaker 1: cycles too long, assortment stale. The company said expects twenty

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Speaker 1: to twenty five percent growth in China, one to two

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Speaker 1: percent revenue decline in the US, and markdowns increased more

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Speaker 1: than expected in the second quarter.

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Speaker 4: So stock down like thirteen percent here in the aftermarket

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Speaker 4: to get hammered in a big way. American Eagle, that's

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Speaker 4: a stock that we saw move in a big way

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Speaker 4: in the regular session.

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Speaker 3: Yeah, actually had its best day ever in I think

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Speaker 3: it's almost thirty years now that they've been public, so

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Speaker 3: I think surge around thirty eight percent last time I checked,

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Speaker 3: before I came up here, and yeah, I don't know.

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Speaker 3: I think it's more evidence that the Y two K

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Speaker 3: kind of brands are coming back. Here. It seems like

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Speaker 3: the company is pointing to their obviously their ads that

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Speaker 3: everyone sawalking about with Sidney Sweety also Travis Kelcey seems

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Speaker 3: to be really paying dividends. Actually, I mean all the

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Speaker 3: controversy that that first ads started up, sounds like the

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Speaker 3: company said they this was an incredible quote as well,

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Speaker 3: they saw new shoppers in every county in the US.

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Speaker 3: I think that that was just really incredible to see

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Speaker 3: just how wide spread this is. That's it when you

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Speaker 3: think about, you know, all the different sort of counties

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Speaker 3: in the US and held like you know, socially they

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Speaker 3: are different, and that this ad seems to just like

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Speaker 3: cut through all of that. So yeah, very very strong report.

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Speaker 3: Very this seems like them is going to continue and obviously,

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Speaker 3: I mean no brainer company is going to continue these

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Speaker 3: relationships with both of these celebrities. I mean, he would

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Speaker 3: lose his job if he didn't, I guess. But yeah,

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Speaker 3: very very strong report.

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Speaker 2: This stock mover's report from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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