Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 1: Let's take a look at some stocks on the move today.
Speaker 1: I'm Nathan Hager, joined by Bloomberg's Dan Curtis. Lots happening
Speaker 1: on the earnings front this morning, Dan, but we got
Speaker 1: to start off with the breaking news on Netflix. This
Speaker 1: has a little bit to do with the earnings this
Speaker 1: week as well. I venture to say good morning.
Speaker 3: Good morning, Nathan. Netflix shares are up one percent in
Speaker 3: the pre market under ticker n FLX as the company
Speaker 3: announces a twenty five billion dollars share back program. Now
Speaker 3: this comes after, you know, we talked about it, you know,
Speaker 3: off of earnings. As you mentioned, Netflix shares fell after
Speaker 3: the after a week forecast, the news that read Hastings
Speaker 3: was stepping down. The shares hit record highs in June,
Speaker 3: but they have since fallen thirty percent, so the company
Speaker 3: is looking to try and turn those shares. That's working
Speaker 3: in the pre market. It also happens after Netflix bout
Speaker 3: out of the bidding war that we covered for so
Speaker 3: long on here for Warner Brothers, so it won't need
Speaker 3: the cash for that acquisition. It's looking to see how
Speaker 3: it can use its war chest, so it's buying back
Speaker 3: some shares to help do that.
Speaker 1: We got some headlines this morning that Warner Brothers shareholders
Speaker 1: are going to be voting on the paramount Skydance deal today,
Speaker 1: so we'll probably be watching those shares as well. But
Speaker 1: let's talk about some of the stocks that have reported
Speaker 1: earnings this morning. Looks like disappointment from Honeywell.
Speaker 3: Yeah, so Honeywell ticker HO and those shares are down
Speaker 3: seven percent in the pre market. First quarter earnings beat,
Speaker 3: but the second quarter guidance was below estimates. High end
Speaker 3: of both sales and revenue ranges for that guidance were
Speaker 3: below Wall Street's estimates. The company is seeing up to
Speaker 3: one hundred and fifty million dollar impact from the Middle
Speaker 3: East conflict. Despite the two Q guidance coming in a
Speaker 3: bit soft, it is maintaining full year outlook Despite that
Speaker 3: un certainty, the first quarter earnings themselves did come out
Speaker 3: ahead of estimates despite a slight revenue miss, and also
Speaker 3: in other news, company announced it would sell its warehouse
Speaker 3: and workflow solutions business to buy out from American Industrial Partners.
Speaker 3: That's the second divestiture from this company this week.
Speaker 1: Okay, and we also got earnings from Lockheed Martin before
Speaker 1: the opening bell as well.
Speaker 3: Yeah, so those shares are down five percent in premium
Speaker 3: market under ticker LMT. The defend company's first quarter net
Speaker 3: sales missed estimates. Fire and missile control net sales grew
Speaker 3: eight percent. That was shy of estimates. This is something
Speaker 3: we're watching, you know, around the Iran War. Other business
Speaker 3: lines aeronautics, rotary and mission systems also saw net sales
Speaker 3: come in short. The space business did post a be
Speaker 3: and I'm mentioning this because they were behind the Orion
Speaker 3: capsule using the ard Miss two mission that we everyone
Speaker 3: followed so closely. Overall, earnings did come in at sixty
Speaker 3: four six dollars and forty four cents a share. That's
Speaker 3: forty four cents below estimates. And again on the on
Speaker 3: the forecast side, company is maintaining its forecast for the year.
Speaker 1: Just time Dan to tell us how Tesla's shares are doing,
Speaker 1: after all, we learn following their earnings.
Speaker 3: Report, those are down three percent underticker TSLA, as the
Speaker 3: ev maker is boosting its CAPEX to more than twenty
Speaker 3: five billion dollars for the year. That's five billion dollars
Speaker 3: more than the prior outlook. The investments be put toward
Speaker 3: expanding factory operations. Part of that does include spending three
Speaker 3: billion dollars on chip fabrication, and Intel has signed on
Speaker 3: as a partner. Intel shares are up one percent in
Speaker 3: the pre market offs that news.
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