WEBVTT - Nvidia Gains, Intuit Sinks, Elf Beauty Climbs

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

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

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

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<v Speaker 3>Let's take a look at some stocks on the move today.

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<v Speaker 3>I'm Tim Steneveek along with Emily Graffeo from the Bloomberg

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<v Speaker 3>News Credit team, and we're joined by Bloomberg News Equities

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<v Speaker 3>reporter Avalon Parnell for today's stock movers. Avalon, please tell

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<v Speaker 3>me we're starting with the big one in video.

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<v Speaker 1>We sure are. I mean, there's so much happening. It's

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<v Speaker 1>currently whipsawing between the green and the red. Currently down

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<v Speaker 1>about eight tenths of a percentage point. That's after the

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<v Speaker 1>world's most valuable company reported first quarter results that surpassed

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<v Speaker 1>expectations practically across the board. It shouldn't be that surprising, though,

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<v Speaker 1>that Wall Street is continuing to question how the company

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<v Speaker 1>will maintain that pace of growth amid the surging AI demand.

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<v Speaker 1>So still a lot of questions as we head into

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<v Speaker 1>the earnings call. And we had another tech name, UH

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<v Speaker 1>on the move today. Tell us about into It? Yes,

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<v Speaker 1>into It, that's ticker. I nt you currently dropping about

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<v Speaker 1>eleven percent. That's after to financial software firm reported third

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<v Speaker 1>quarter results that were quite mixed and generally speaking, GAVEN

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<v Speaker 1>outlook that Barclay says is likely not enough to mitigate

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<v Speaker 1>concerns that analyst said at the mixed quarter and planned

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<v Speaker 1>layoffs will likely weigh on shares in the short term.

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<v Speaker 1>Worth noting that earlier today, into It was down after

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<v Speaker 1>Reuter's reported that the company is planning to slash about

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<v Speaker 1>seventeen percent of its staff and a push for greater

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<v Speaker 1>efficiency as it focuses on AI.

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<v Speaker 3>All right, so not just in Nvidia and into It

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<v Speaker 3>reporting after the bell today, we also got to look

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<v Speaker 3>at cosmetics and retail with Elf Beauty, which sure did.

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<v Speaker 1>That's ticker Elf currently only up about two point two percent,

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<v Speaker 1>though earlier it was up as much as ten. That's

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<v Speaker 1>after the beauty brand reported net sales for the fourth

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<v Speaker 1>quarter that generally blee pass expectations. However, while this quarter

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<v Speaker 1>was great, there are a lot of questions remaining about

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<v Speaker 1>the rest of the year. Bloomberg Intelligence having a really

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<v Speaker 1>great reaction note right after the writing that ELF's twenty

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<v Speaker 1>twenty seven full year outlook is the weakest in six years,

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<v Speaker 1>which could suggest pressure on ELFs products and really draw

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<v Speaker 1>more questions about how exactly are those consumers doing and

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<v Speaker 1>are they still wanting to buy those products.

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<v Speaker 2>This stock Moover's report from Bloomberg Radio. Check back with

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<v Speaker 2>us throughout the day for the latest roundup of companies

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<v Speaker 2>making news on Wall Street and for the latest market

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<v Speaker 2>moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

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