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 2: Let's take a look at some stocks on the move today.
Speaker 3: I'm Tom Keen with Paul Sweeny and Bloomberg's Lisa Mantail.
Speaker 3: All right, we are starting with Qualcom ticker QCOM. Their
Speaker 3: shares have been down as much as two percent. You
Speaker 3: know them, the largest maker of smartphone processors, right, So
Speaker 3: they delivered these upbeat forecast sales, profit forecasts, top estimates,
Speaker 3: but investors were expecting more. There's been so much news
Speaker 3: about Qualcomm in the headlines. Here's another thing. They also
Speaker 3: took a five point seven billion dollar non cast charge
Speaker 3: that was linked to the one Big Beautiful bill, so
Speaker 3: that contributed to a three point one two billion dollar
Speaker 3: net loss. There were a lot of things on the upside,
Speaker 3: like the outlook suggested as strong demand in the high
Speaker 3: end android phone market, and then it's really made making
Speaker 3: this big effort to diversify into chips for cars, for PCs,
Speaker 3: for for data centers. So there was a lot of
Speaker 3: upside to it, but it just it just wasn't enough,
Speaker 3: couldn't impress investors? And then you have Snap, Right, this
Speaker 3: is s nap. This is the social media app all
Speaker 3: the kids like. Okay, oh I think it is the
Speaker 3: tools ye. No, no, this is the Snapchat app. Okay,
Speaker 3: shares taking a hit down as much as twenty percent. Tom,
Speaker 3: You're gonna like this though, because you're a Perplexity fan. Okay.
Speaker 3: So the company said that they are going into a
Speaker 3: four hundred million dollar partnership with Perplexity AI, and now
Speaker 3: they're going to incorporate that search engine into Snapchat in
Speaker 3: twenty twenty six. So now all the kids are going
Speaker 3: to be using the Perplexity in the.
Speaker 1: Snapchat and the sock is up eighteen percent here today,
Speaker 1: prefer Yeah, it's.
Speaker 3: Doing really well, and so it's going to be you know,
Speaker 3: they're going to pay Snap a combination of cash and equity.
Speaker 3: But their third quarter earnings they were in line with esimate,
Speaker 3: So you know, the company's been doing a little bit
Speaker 3: better because they've been struggling with the advertising business. That's
Speaker 3: that's really huge. They announce bond offering. Everyone else is
Speaker 3: that's how they do it. Okay, And have you ever
Speaker 3: used du lingo? The language platform. Like when you go
Speaker 3: you learn French, you.
Speaker 2: Go, oh, you should have seen my friend should killing it?
Speaker 1: Yes, the accent is so different than Paris, Like it's
Speaker 1: like anything is completely different.
Speaker 3: They don't understand me in Paris as well. Killing it?
Speaker 3: I need it? Yes, okay, d u l O taking
Speaker 3: a head down twenty five percent a week. Bookings forecast
Speaker 3: annels are saying that management focused on user growth, weighing
Speaker 3: on the bookings outlook. The big worry. I didn't know this,
Speaker 3: but Apple has this live air pod translation feature. The
Speaker 3: company says, you know what, We're not worried about it,
Speaker 3: so it's fine. They also have this Max product that
Speaker 3: they're talking about. So what this Max product is It
Speaker 3: takes the shame out of learning a language. So you
Speaker 3: might be embarrassed to talk to a human when you
Speaker 3: try and learn a language. Well, you can go to
Speaker 3: Max and it's an AI video call with one of
Speaker 3: their characters, so you can practice the language there. You
Speaker 3: don't feel the shames. Yes, you don't feel the shame
Speaker 3: of a real person. I've been told if.
Speaker 2: You hire someone like Remote that that's very beneficial.
Speaker 1: I've not done that. I'm on the school. I've thought
Speaker 1: about this a lot during my life. You have to
Speaker 1: just immerse yourself, go somewhere for six months and just
Speaker 1: drop me off in the middle of Spain or Mexico
Speaker 1: and nobody around. And one more you want to squeeze in.
Speaker 3: All right, I'll do Elf Beauty. Okay, Elf, because it's
Speaker 3: down twenty one percent earning sales downlooks fell short, right,
Speaker 3: So they're positive about the sales growth because they just
Speaker 3: acquired Road, right, that's Haley Bieber's beauty brand. But they're
Speaker 3: still skeptical about the namesake product, the Elf Beauty that
Speaker 3: you see in a CVS pharmacy or whatever. They're kind
Speaker 3: of skeptical about that. So they like the Road they
Speaker 3: just think that the namesake product is just not going
Speaker 3: to do that.
Speaker 2: Welcome the Stockmovers 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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