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

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Speaker 2: This is the closing bell on this stock movers report

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Speaker 2: the company's making moves at the close of US trading

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Speaker 2: with Carol Masser, Tim Stenovak, Romain Bostik, and Scarlet Fool.

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Speaker 3: All right, folks, you already have some earnings crossing the Bloomberg.

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Speaker 3: Ternal'll just quickly go to at avis budget third quarter

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Speaker 3: revenue slight b three and a half billion dollars. Street

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Speaker 3: estimate was for three point forty five billion, and then

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Speaker 3: just talking about third quarter, America's per unit fleet costs

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Speaker 3: down twenty percent, so basically revenue meeting estimates. Let me

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Speaker 3: just see what else we got. Yeah, that looks like

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Speaker 3: what we've got so far. And we're looking at the

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Speaker 3: stock unchanged here in the aftermarkets, so we'll keep an

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Speaker 3: eye on it. Hey, S and P five hundred, let's

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Speaker 3: go back there, record on Wall Street highs finishing near

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Speaker 3: our highs of the session, Katie, three hundred and twenty

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Speaker 3: two names in the S and P five hundred actually

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Speaker 3: gaininground today one hundred and seventy eight to the downside.

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Speaker 4: Three unchanged, And certainly when you take a look at

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Speaker 4: the sectors, you saw that strong breadth as well. Nine

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Speaker 4: sectors in the green that circle almost totally green. Two

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Speaker 4: sectors in the red communication services, big tech, consumer discretionary.

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Speaker 4: Those are some of your biggest gainers. When it comes

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Speaker 4: to the sectors consumer staples and materials your loan. Two

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Speaker 4: sectors in the red really points to this risk on

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Speaker 4: appetite that enveloped this Monday session. As Romaine pointed out,

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Speaker 4: materials being down could point to optimism over US China

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Speaker 4: trade talks and consumer staples lower on the day being

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Speaker 4: your biggest loser certainly bullish as well.

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Speaker 3: All Right, lots agreeing there, So let's get to some

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Speaker 3: individual gainers. Got to talk about Qualcom. Everybody talking about Qualcom,

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Speaker 3: number one gainer in the S and P five hundred

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Speaker 3: NASDAQ one hundred today up as much as almost twenty

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Speaker 3: two percent intra day, finishing the day with a gain

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Speaker 3: of eleven percent. Largest maker of smartphone processors, unveiling chips

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Speaker 3: and computers for the lucrative AI data center market, and

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Speaker 3: they really are looking to challenge Nvidia in the fastest

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Speaker 3: growing part of the industry. So that definitely caught investors' attention.

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Speaker 3: We got some more earnings from Maine.

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Speaker 1: Yeah, let's just Cayden, since we're talking about chips, a

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Speaker 1: big software design company used by a lot of the

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Speaker 1: folks in the chip space. Here, EPs in the most

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Speaker 1: recent quarter did beat a dollar ninety three the street

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Speaker 1: was looking for a dollar seventy nine. Revenue in the

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Speaker 1: most recent quarter also beat one point three to four billion,

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Speaker 1: the street was looking for one point three two billion.

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Speaker 1: And more importantly, here we talk about the growth in

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Speaker 1: this company ten percent revenue growth on the top line,

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Speaker 1: the bottom line decent growth there as well, about seventeen percent,

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Speaker 1: and a widening of the operating margins to about forty

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Speaker 1: seven point six percent. Here though, the shares are moving

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Speaker 1: lower in the after hours trade, and here's why we're

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Speaker 1: now taking a look at the guidance going forward for

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Speaker 1: the full year. The company says it expects five point

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Speaker 1: twenty six to five point twenty nine billion. It previously

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Speaker 1: had a range a five point two to one to

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Speaker 1: five point two seven billion. We'll try to get you

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Speaker 1: some more details on this and try to explain why

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Speaker 1: such a negative market reaction.

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Speaker 4: Let's quickly get over to bed bath and beyond also

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Speaker 4: reporting earnings as well. You can see the stock is

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Speaker 4: moving higher after hours. That is because when it comes

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Speaker 4: to third quarter net revenue that came in at two

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Speaker 4: hundred and fifty seven point two million dollars, that is

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Speaker 4: actually just shy of estimates, which had been for around

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Speaker 4: two hundred and sixty million dollars. But then you take

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Speaker 4: a look at the third quarter adjusted EBIT a loss

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Speaker 4: that came in at four dollars and nine point ninety

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Speaker 4: four million. The estimated loss had been for ten point

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Speaker 4: five million dollars, so much better than expected when it

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Speaker 4: comes to the expected loss, the third quarter adjusted EBIT

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Speaker 4: a loss, and you can see shares flying right now.

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Speaker 4: Carol now up ten percent after hours.

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Speaker 3: Yeah, speaking of stocks flying in the aftermarket, I want

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Speaker 3: to go back to AVS because that stock is up

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Speaker 3: about nine percent here in the aftermarket. So investors liking

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Speaker 3: some of what we got from the company, specifically third

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Speaker 3: quarter adjusted EBIT really surpassing Wall Street estimates. We're looking

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Speaker 3: at five hundred and fifty nine million dollars, up eleven

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Speaker 3: percent year over year. Estimate was for five hundred and thirty

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Speaker 3: eight point seven million, So we're seeing some strong numbers

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Speaker 3: from that company and we're seeing it certainly move higher

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Speaker 3: in the aftermarket. I'm going to go back to some

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Speaker 3: individual gainers as we wait for some more earnings. Curig

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Speaker 3: Doctor Pepper have to mention up seven point six percent

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Speaker 3: of the close among your top gainers in both the

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Speaker 3: S and P and the NASDAQ one hundred. Curig Doctor

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Speaker 3: Pepper raising seven billion from Apollo and KKR to help

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Speaker 3: finance its acquisition of JdE Petez MV, so you know,

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Speaker 3: the company's planning to separate its beverage and coffee businesses

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Speaker 3: by the end of twenty twenty six. Also reported their

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Speaker 3: quarter sales of four point three billion, and then Cadence

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Speaker 3: Bank just quickly a four point four percent here in

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Speaker 3: today's session, that after Huntington Bank Shares agreed to buy

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Speaker 3: the bank for seven point four billion. So we continue

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Speaker 3: to see consolidation certainly among the regional banks out there.

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Speaker 5: All right, Tim, over to you, well, if can go ahead.

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Speaker 1: Sorry, just there was some news crossing the wire right now, Caryl.

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Speaker 1: We talk about Citizens Bank first, Citizens excuse me, and

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Speaker 1: Park National Bank a tie up there. That headline just

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Speaker 1: crossing the wire.

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Speaker 5: Every one of my movers to the downside this afternoon

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Speaker 5: has to do with M and A or potential m

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Speaker 5: and A here, I want to start with Newmont shares

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Speaker 5: following today. This is the of course, the gold, copper, silver, zinc,

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Speaker 5: and minor mining company down five point seven percent on

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Speaker 5: the day. Gold declined today, Yes, down about eight point

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Speaker 5: four percent from those all time highs earlier this month.

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Speaker 5: But also Numan is studying a potential deal to gain

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Speaker 5: control of rival Barrack Mining's Nevada gold assets that, according

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Speaker 5: to people with knowledge of the matter, once again shares

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Speaker 5: down at five point seven percent. I know, Romaine, we

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Speaker 5: got some more earnings.

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Speaker 1: Yeah, Whirlpool earnings out The company reporting net sales that

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Speaker 1: looks like coming in above expectations about four point zero

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Speaker 1: three billion dollars. The street was looking for three point

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Speaker 1: nine to three ongoing EPs basically on a continuing basis

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Speaker 1: two dollars and nine cents a share. The street on

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Speaker 1: average was looking for about one point four dollars forty

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Speaker 1: cents excuse me per share. Here, the company also says

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Speaker 1: that for the full year it does see EPs of

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Speaker 1: about seven dollars per shear. It had previously provided guidance

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Speaker 1: of six to eight dollars per year, so basically now

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Speaker 1: hitting in the middle of that guidance. In the middle

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Speaker 1: of that guidance as seven dollars per share is higher

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Speaker 1: than the average street estimates, which we're looking for about

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Speaker 1: six dollars and forty one cents. You see a one

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Speaker 1: percent pop here, Tim in the after hour straight.

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Speaker 5: Yeah, I'm just looking through the press release looking for

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Speaker 5: commentary from Mark Bitzer, somebody who I know you guys

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Speaker 5: have spoken to quite a bit. We've spoken to him

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Speaker 5: as well. He said that the fundamentals of the business

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Speaker 5: remain strong. There's confident that the newly announced investment in

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Speaker 5: our US based laundry facilities will continue to fuel our

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Speaker 5: future growth. Jim Peters, though the CFO, saying that the

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Speaker 5: third quarter results continue to be impacted by the inventory

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Speaker 5: loading from Asia competitors. Though they're focusing on what is

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Speaker 5: within our control and delivered cost takeout in line with expectations,

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Speaker 5: puttingus on track to achieve approximately two hundred million dollars

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Speaker 5: of cost takeout in twenty twenty five.

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Speaker 4: Katie, Yeah, really interested to see some of the details

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Speaker 4: coming from that earnings call, specifically a lot of different

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Speaker 4: angles in which Whirlpool is interesting when it comes to

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Speaker 4: consumer sentiment, but also when it comes to this company

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Speaker 4: how they're managing that inventory. I will say you take

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Speaker 4: a look at the shares down about thirty two percent

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Speaker 4: through the close year to date, and then over the

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Speaker 4: five year basis down fifty two percent. This is certainly

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Speaker 4: a company that has had a rough golment.

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Speaker 2: The Stockmovers Report from Bloomberg Radio. Check back with us

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

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