Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Let's take a look at some stocks on the move today.
Speaker 3: I'm Tim Steneveek along with Emily Graffeo from the Bloomberg
Speaker 3: News Credit team, and we're joined by Bloomberg News Equities
Speaker 3: reporter Avalon Parnell for today's stock movers. Avalon, please tell
Speaker 3: me we're starting with the big one in video.
Speaker 1: We sure are. I mean, there's so much happening. It's
Speaker 1: currently whipsawing between the green and the red. Currently down
Speaker 1: about eight tenths of a percentage point. That's after the
Speaker 1: world's most valuable company reported first quarter results that surpassed
Speaker 1: expectations practically across the board. It shouldn't be that surprising, though,
Speaker 1: that Wall Street is continuing to question how the company
Speaker 1: will maintain that pace of growth amid the surging AI demand.
Speaker 1: So still a lot of questions as we head into
Speaker 1: the earnings call. And we had another tech name, UH
Speaker 1: on the move today. Tell us about into It? Yes,
Speaker 1: into It, that's ticker. I nt you currently dropping about
Speaker 1: eleven percent. That's after to financial software firm reported third
Speaker 1: quarter results that were quite mixed and generally speaking, GAVEN
Speaker 1: outlook that Barclay says is likely not enough to mitigate
Speaker 1: concerns that analyst said at the mixed quarter and planned
Speaker 1: layoffs will likely weigh on shares in the short term.
Speaker 1: Worth noting that earlier today, into It was down after
Speaker 1: Reuter's reported that the company is planning to slash about
Speaker 1: seventeen percent of its staff and a push for greater
Speaker 1: efficiency as it focuses on AI.
Speaker 3: All right, so not just in Nvidia and into It
Speaker 3: reporting after the bell today, we also got to look
Speaker 3: at cosmetics and retail with Elf Beauty, which sure did.
Speaker 1: That's ticker Elf currently only up about two point two percent,
Speaker 1: though earlier it was up as much as ten. That's
Speaker 1: after the beauty brand reported net sales for the fourth
Speaker 1: quarter that generally blee pass expectations. However, while this quarter
Speaker 1: was great, there are a lot of questions remaining about
Speaker 1: the rest of the year. Bloomberg Intelligence having a really
Speaker 1: great reaction note right after the writing that ELF's twenty
Speaker 1: twenty seven full year outlook is the weakest in six years,
Speaker 1: which could suggest pressure on ELFs products and really draw
Speaker 1: more questions about how exactly are those consumers doing and
Speaker 1: are they still wanting to buy those products.
Speaker 2: This stock Moover's report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
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