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 on what's
Speaker 1: already been a pretty busy earnings morning. But before we
Speaker 1: get to that, Dan, we're starting a holiday shortened training week,
Speaker 1: So I guess we could call this merger Monday observed
Speaker 1: in the pharma space.
Speaker 3: Good morning, Good morning. I like that. Yeah, so everyone
Speaker 3: had a bit of a holiday yesterday, but we still
Speaker 3: got some deals out, particularly a deal for Wrapped Therapeutics
Speaker 3: tick our raapt GSK has agreed to buy the company
Speaker 3: at eight fifty eight dollars a share in a deal
Speaker 3: valued at two point two billion dollars. That sent the
Speaker 3: stock up to fifty seven to fifty so just short
Speaker 3: of that fifty eight dollars share target, sixty three percent
Speaker 3: increase from where it closed on Friday, So a good
Speaker 3: day for the investors in that the acquisition includes a
Speaker 3: drug that's being tested to help protect against food allergens
Speaker 3: with an injection every eight to twelve weeks instead of
Speaker 3: the typical two to four week cycles needed. Right now,
Speaker 3: GSK shares about flat, and again, that's not too bad
Speaker 3: for a morning that's seeing a lot of red in
Speaker 3: the equity markets. This deal will give GSK pipeline to
Speaker 3: bolster revenues after the patent on its top selling HIV
Speaker 3: drug expires. And Jeffrey is calling this deal quote unquote sensible,
Speaker 3: which is a nice British term. It sounds like, yeah,
Speaker 3: doesn't it.
Speaker 1: Let's get to some of the earnings. We've heard some
Speaker 1: from some big names already, including three M.
Speaker 3: That's right. So this is the company that makes post
Speaker 3: its and it's posted a six billion dollar revenue, just
Speaker 3: slightly lighter than estimates, but earnings came in a dollar
Speaker 3: eighty three a share. That was a beat. It also
Speaker 3: issued guidance for the year, so it's seeing about eight
Speaker 3: dollars and fifty to eight dollars and seventy cents a
Speaker 3: share in earnings for twenty twenty six. That might touch
Speaker 3: software than analysts hoped for, as the estimates were towards
Speaker 3: the higher end of that range eight dollars and sixty
Speaker 3: four cents a share. Those shares are down almost two
Speaker 3: percent in pre market. Company is focusing on streamlining operations
Speaker 3: and bringing new products to the market faster, and it's
Speaker 3: also been benefiting from data center construction. Boom VIAAC is
Speaker 3: about three percent of three MS revenue coming from that space.
Speaker 3: So you know, the shares were down a little bit
Speaker 3: before the earnings and they're about at the same level
Speaker 3: as they were ahead, so a little bit of a
Speaker 3: grain of salt, but not not a huge sell off
Speaker 3: like we're seeing some other names.
Speaker 1: Speaking of construction, not data centers, but actual houses. We
Speaker 1: also heard from Dr Horton this morning.
Speaker 3: That's right. It is a home builder and that's that's
Speaker 3: an area that Trump's really been looking at with the
Speaker 3: affordability push, and Dr Horton shares up about six tenths
Speaker 3: of percent. Those were down almost two percent before earnings,
Speaker 3: so that's that's actually a decent boost from where they
Speaker 3: were before the earnings came out. The home builder reported
Speaker 3: six point nine billion dollars in revenue, with adjusted earnings
Speaker 3: per share of two dollars and three cents. That's both
Speaker 3: were beats. Orders for new homes were lighter than estimates,
Speaker 3: but that was offset by the company closing a higher
Speaker 3: number of new builds. D R Horton sticking to its
Speaker 3: full year guidance, it sees sales up to thirty five
Speaker 3: billion dollars for the year.
Speaker 1: All right, just thirty seconds left. How's Netflix doing before
Speaker 1: they report earnings after the bell.
Speaker 3: That's right, Netflix, it's another green spot. Up one percent.
Speaker 3: They're reporting after the bell. We have stranger things that
Speaker 3: came out in the recent quarter, so we'll see some
Speaker 3: dollar figures behind that. And we also have the the
Speaker 3: bidding war over Warner Brothers going on. Worth noting that
Speaker 3: there's a deadline tomorrow for the counterbids from Paramount Sky.
Speaker 3: Basically all the tender offers have to be accepted by then,
Speaker 3: so we should have some deal news on top of that.
Speaker 3: So Netflix up just under one percent in the pre market.
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