WEBVTT - Netflix Buyback; Honeywell Miss; Lockheed Lower

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News, The.

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 1>Let's take a look at some stocks on the move today.

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<v Speaker 1>I'm Nathan Hager, joined by Bloomberg's Dan Curtis. Lots happening

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<v Speaker 1>on the earnings front this morning, Dan, but we got

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<v Speaker 1>to start off with the breaking news on Netflix. This

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<v Speaker 1>has a little bit to do with the earnings this

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<v Speaker 1>week as well. I venture to say good morning.

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<v Speaker 3>Good morning, Nathan. Netflix shares are up one percent in

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<v Speaker 3>the pre market under ticker n FLX as the company

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<v Speaker 3>announces a twenty five billion dollars share back program. Now

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<v Speaker 3>this comes after, you know, we talked about it, you know,

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<v Speaker 3>off of earnings. As you mentioned, Netflix shares fell after

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<v Speaker 3>the after a week forecast, the news that read Hastings

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<v Speaker 3>was stepping down. The shares hit record highs in June,

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<v Speaker 3>but they have since fallen thirty percent, so the company

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<v Speaker 3>is looking to try and turn those shares. That's working

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<v Speaker 3>in the pre market. It also happens after Netflix bout

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<v Speaker 3>out of the bidding war that we covered for so

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<v Speaker 3>long on here for Warner Brothers, so it won't need

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<v Speaker 3>the cash for that acquisition. It's looking to see how

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<v Speaker 3>it can use its war chest, so it's buying back

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<v Speaker 3>some shares to help do that.

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<v Speaker 1>We got some headlines this morning that Warner Brothers shareholders

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<v Speaker 1>are going to be voting on the paramount Skydance deal today,

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<v Speaker 1>so we'll probably be watching those shares as well. But

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<v Speaker 1>let's talk about some of the stocks that have reported

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<v Speaker 1>earnings this morning. Looks like disappointment from Honeywell.

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<v Speaker 3>Yeah, so Honeywell ticker HO and those shares are down

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<v Speaker 3>seven percent in the pre market. First quarter earnings beat,

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<v Speaker 3>but the second quarter guidance was below estimates. High end

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<v Speaker 3>of both sales and revenue ranges for that guidance were

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<v Speaker 3>below Wall Street's estimates. The company is seeing up to

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<v Speaker 3>one hundred and fifty million dollar impact from the Middle

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<v Speaker 3>East conflict. Despite the two Q guidance coming in a

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<v Speaker 3>bit soft, it is maintaining full year outlook Despite that

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<v Speaker 3>un certainty, the first quarter earnings themselves did come out

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<v Speaker 3>ahead of estimates despite a slight revenue miss, and also

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<v Speaker 3>in other news, company announced it would sell its warehouse

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<v Speaker 3>and workflow solutions business to buy out from American Industrial Partners.

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<v Speaker 3>That's the second divestiture from this company this week.

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<v Speaker 1>Okay, and we also got earnings from Lockheed Martin before

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<v Speaker 1>the opening bell as well.

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<v Speaker 3>Yeah, so those shares are down five percent in premium

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<v Speaker 3>market under ticker LMT. The defend company's first quarter net

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<v Speaker 3>sales missed estimates. Fire and missile control net sales grew

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<v Speaker 3>eight percent. That was shy of estimates. This is something

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<v Speaker 3>we're watching, you know, around the Iran War. Other business

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<v Speaker 3>lines aeronautics, rotary and mission systems also saw net sales

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<v Speaker 3>come in short. The space business did post a be

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<v Speaker 3>and I'm mentioning this because they were behind the Orion

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<v Speaker 3>capsule using the ard Miss two mission that we everyone

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<v Speaker 3>followed so closely. Overall, earnings did come in at sixty

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<v Speaker 3>four six dollars and forty four cents a share. That's

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<v Speaker 3>forty four cents below estimates. And again on the on

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<v Speaker 3>the forecast side, company is maintaining its forecast for the year.

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<v Speaker 1>Just time Dan to tell us how Tesla's shares are doing,

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<v Speaker 1>after all, we learn following their earnings.

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<v Speaker 3>Report, those are down three percent underticker TSLA, as the

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<v Speaker 3>ev maker is boosting its CAPEX to more than twenty

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<v Speaker 3>five billion dollars for the year. That's five billion dollars

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<v Speaker 3>more than the prior outlook. The investments be put toward

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<v Speaker 3>expanding factory operations. Part of that does include spending three

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<v Speaker 3>billion dollars on chip fabrication, and Intel has signed on

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<v Speaker 3>as a partner. Intel shares are up one percent in

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<v Speaker 3>the pre market offs that news.

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