Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: This is the closing bell on this stock mover's report.
Speaker 2: The company's making moves at the close of US trading
Speaker 2: With Carol Masser, Tim Stenebeck, Romain Bostik, and Scarlet Foo.
Speaker 3: S and P five hundred back to the big caps,
Speaker 3: we go and man, do I have this right? Because
Speaker 3: I feel like the split has been all over the place,
Speaker 3: but we've We're ending with about four hundred and seven
Speaker 3: names to the upside in the S and P five hundred,
Speaker 3: KTI just ninety five to the downside. No, you're right,
Speaker 3: that you right, It wasn't like that before.
Speaker 4: We have really good breadth today, even though you wouldn't
Speaker 4: necessarily know it by looking at the percent change on
Speaker 4: the S and P five hundred. But when it comes
Speaker 4: to the sector change that you had nine of eleven
Speaker 4: sectors in the green, led by healthcare actually on a
Speaker 4: points basis, but it was big tech on the downside.
Speaker 5: Well, speak of big tech. We have a smaller big
Speaker 5: company from the tech spas reporting Texas Instruments coming out
Speaker 5: with second quarter EPs of a dollar forty one, beating
Speaker 5: the consensussessimate of a dollar thirty five. Revenue for the
Speaker 5: quarter was four point four to five billion dollars, also
Speaker 5: higher than anticipated, which was four point three six billion.
Speaker 5: As for the outlook, it sees revenue for this quarter
Speaker 5: between four point four to five billion to four point
Speaker 5: eight zero billion. Analysts, we're looking for four point five
Speaker 5: seven billion, so the midpoint of that range handily beating
Speaker 5: the consensus estimate. Third quarter EPs will be anywhere from
Speaker 5: a dollar thirty six to a dollar sixty analysts, we're
Speaker 5: looking for a dollar fifty and second quarter capex, now
Speaker 5: I'm going backwards here was one point three one billion
Speaker 5: dollars more than expected. Analysts. We're looking for one point
Speaker 5: one seven billion, and you could see right now the
Speaker 5: stock team down about seven percent in after our trading.
Speaker 1: Yeah, there's no commentary from executives in the press release,
Speaker 1: going to have to wait to get that from the
Speaker 1: earnings call, but Worth reiterating that revenue increase nine percent
Speaker 1: sequentially was led by continued brand recovery in industrial sixteen
Speaker 1: percent from the same quarter a year ago. The company
Speaker 1: also is saying that over the past twelve months, they've
Speaker 1: invested three point nine billion dollars in R and D
Speaker 1: and SGNA and invested four point nine billion dollars in
Speaker 1: capex and returned to six point seven billion dollars to owners.
Speaker 3: All Right, so just a reminder here, folks, you are
Speaker 3: seeing a lot of selling and Texas Instruments in the
Speaker 3: aftermarket down about a percent. There was some concern and
Speaker 3: nervousness heading into this report because they felt like the outlook,
Speaker 3: a lack of visibility and any obvious growth catalyst might
Speaker 3: put some pressure on this name. But it's the street
Speaker 3: not liking it, and you got to keep in mind
Speaker 3: the stock it's up about fifteen percent year to date,
Speaker 3: but definitely some disappointment here in the aftermarket, Katie.
Speaker 4: Yeah, that outperformance might be a reason why you're seeing
Speaker 4: this after hours reaction right now, which looks pretty dramatic,
Speaker 4: Like you said, down eight percent. Now, of course, their
Speaker 4: third quarter outlook didn't include changes to US tax legislation,
Speaker 4: so maybe that explains some of the negativity here. But
Speaker 4: we've been talking all program about how a lot of
Speaker 4: these companies the bar is really high, at least when
Speaker 4: it comes to sentiment, and these misses, if there's anything
Speaker 4: to pick at, are getting punished.
Speaker 3: Carol, Yeah, and I would say I just want to
Speaker 3: throw one more thing in, and maybe the disappointment has
Speaker 3: to do with the third quarter outlook. Right, it's seeing
Speaker 3: third quarter EPs of of dollar thirty six to one sixty.
Speaker 3: The estimate is one fifty. It sees third quarter revenue
Speaker 3: from four point four to five billion to four point
Speaker 3: eight billion. The estimate is four point five seven billion.
Speaker 3: So there's a bit of a range and definitely some
Speaker 3: room for disappointment. So maybe that has to do with
Speaker 3: some of the selling that we're seeing here in the aftermarket.
Speaker 3: We'll keep a watch on right now, Shares of Texas
Speaker 3: Instruments still down about seven percent. Hey, just a quick
Speaker 3: summary of some of the stocks that were on the
Speaker 3: move in the regular session. We talked about home builders
Speaker 3: outperformance there. Here's the reasons why d R Horton was
Speaker 3: up about sixteen percent here at the close today, at
Speaker 3: top gainer in the SNP. The third quarter earnings beat expectations,
Speaker 3: profit orders and home closings beating analyst estimates. Go to
Speaker 3: Polti Group also out with their results. That stock was
Speaker 3: up twelve percent at the close, again a top gainer
Speaker 3: in the SMP. They reported better than expected earnings, so
Speaker 3: that was a big one, and we got some more
Speaker 3: earnings crossing.
Speaker 1: Yeah, looking at Intuitive Surgical, pulling it up on the
Speaker 1: Bloomberg terminal, seeing shares in the after hours, not necessarily
Speaker 1: on the move in termitie of Surgical. Second quarter revenue
Speaker 1: coming in at two point four to four billion dollars.
Speaker 1: Estimates were for two point three five at billion. Second
Speaker 1: quarter adjusted earnings per share coming in a way above
Speaker 1: estimates at two point two billion dollars. The estimate was
Speaker 1: for one dollar and ninety three cent shares now on
Speaker 1: the move higher by five point seven percent.
Speaker 4: Yeah, starting to see some reaction there after a second
Speaker 4: quarter adjusted EPs beat its estimates. And this is a
Speaker 4: name that needed some good news to him. You consider
Speaker 4: the fact that Intuitive Surgical shares were down about two
Speaker 4: percent heading into today's close, and these numbers.
Speaker 5: All right, we have most of the big banks done reporting,
Speaker 5: but we have a financial company that has just reported
Speaker 5: in that is Capital One. Let's give you the second
Speaker 5: quarter just EPs number five dollars forty eight cents far
Speaker 5: away beating the consensu assessment of three dollars eighty eight cents.
Speaker 5: So maybe we're not comparing like with like. Let's look
Speaker 5: at the net revenue line twelve point four to nine
Speaker 5: billion dollars, also higher than the expected eleven point eight
Speaker 5: four billion dollars. A net interest margin for the period
Speaker 5: was seven point six two percent, better than the seven
Speaker 5: point four to three percent. As for loans held for investment,
Speaker 5: that came out to about four hundred and thirty nine
Speaker 5: point three billion ounce. We're looking for about three hundred
Speaker 5: and ninety seven billion and one comment from Capito one
Speaker 5: the integration of Discover is going well, so we're looking
Speaker 5: for more commentary, of course on that. Second quarter provision
Speaker 5: for credit losses was about eleven point four to three
Speaker 5: billion dollars. The consensus assessment, if this is the right comparison,
Speaker 5: is three point eight eight billion. That seems a little
Speaker 5: bit off, but we'll dig into that a little bit more.
Speaker 5: The stock is now lower and after hours trading.
Speaker 3: All right, here's one that is definitely rally in the aftermarket,
Speaker 3: although it's having a pretty miserable twenty twenty five. We're
Speaker 3: talking about in Phase Energy. It's up almost six percent
Speaker 3: here in the aftermarket. Keep in mind it's off about
Speaker 3: thirty seven percent year to date, the Solar Energy Company.
Speaker 3: And let's go through some of the numbers second quarter,
Speaker 3: just atdps, that's a beat six cents better than what
Speaker 3: the street was expecting, sixty nine versus the estimate of
Speaker 3: sixty three. Second quarter revenue that came in better than
Speaker 3: forecasts three hundred and sixty three point two million. The
Speaker 3: estimate was three hundred and fifty nine point three. And
Speaker 3: then this is what matters. Perhaps the third quarter revenue
Speaker 3: outlook three hundred thirty million to three hundred and seventy million,
Speaker 3: that's quade a app The estimate is for three hundred
Speaker 3: and seventy one point nine million. But again, this stock
Speaker 3: Katie is up about eight percent in the aftermarket.
Speaker 4: Yeah, it's wild. Well, you mentioned that it's having a
Speaker 4: miserable twenty twenty five, so just put some context to that.
Speaker 4: Shares down about thirty eight percent on a total return
Speaker 4: basis into the close. We know that in Phase and
Speaker 4: some of the other clean energy, some of the other
Speaker 4: solar names have been really whipsawed by policy coming out
Speaker 4: of the White House. So I guess the fact that
Speaker 4: they were able to report good news on any level.
Speaker 4: You can see the shares really taking off after hours.
Speaker 1: Yes, you know, whipsawng. I'm watching shares of Intuitive Surgical.
Speaker 1: At first they did move higher, now they're down four
Speaker 1: and a half percent. In the after hours, the company
Speaker 1: did say, remember this is the company that has the
Speaker 1: Da Vinci surgical robot. It's the high precision robot that
Speaker 1: does surgery on many different parts of the human body.
Speaker 1: They did say that procedures grew at approximately seventeen percent
Speaker 1: in the second quarter of twenty twenty four, and now
Speaker 1: they grew their Da Vinci Surgical system installed based to
Speaker 1: ten thousand, four hundred and eighty eight systems as of
Speaker 1: the end of the quarter in June twenty twenty five.
Speaker 1: That's an increase of fourteen percent compared to June thirtieth,
Speaker 1: twenty twenty five.
Speaker 3: And just real quickly, analog devices and on semi both
Speaker 3: down in sympathy. I guess with Texas Instruments who we're
Speaker 3: seeing some impact on some of the other chip names.
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