WEBVTT - Disney and CVS Climb Higher

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news. The Stock Movers Report,

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<v Speaker 1>your roundup of companies making moves in the stock market.

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<v Speaker 1>Harnessing the power of Bloomberg data.

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<v Speaker 2>Now it's time to take a look at stocks on

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<v Speaker 2>the move today. I'm Nathan Hager, joined by Bloomberg's a

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<v Speaker 2>Beer abu Omar on a very busy morning for earnings,

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<v Speaker 2>starting with Walt Disney Company. The magic continues, it seems

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<v Speaker 2>under new CEO, Josh Tomorrow. Good morning of beer.

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<v Speaker 3>Good morning, Nathan. Yeah, look, you're right.

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<v Speaker 4>I mean, these are Disney's first results under the new CEO,

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<v Speaker 4>Josh Tomorrow, who succeeded Bob Eiger in mid March.

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<v Speaker 3>I'm just taking a look at some of the numbers

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<v Speaker 3>that we saw.

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<v Speaker 4>So Walt Disney did posts results that are stronger than

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<v Speaker 4>Wall Street expected. This is thanks to improved profit in

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<v Speaker 4>its streaming business EPs. This is some news here. EPs

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<v Speaker 4>excluding some items rose to one point five seven dollars.

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<v Speaker 4>This is during the second fiscal quarter. That is higher

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<v Speaker 4>than the average estimates. But something that is perhaps interesting

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<v Speaker 4>in all Disney's results today is that they reported a

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<v Speaker 4>decline and visitor numbers in the US theme parks for

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<v Speaker 4>the first quarter. This is again under the new CEO,

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<v Speaker 4>Josh Tomorrow, and this is because we returned to the

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<v Speaker 4>Middle East here because of a squeeze on consumer spending

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<v Speaker 4>that was fueled by the war in the Middle East.

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<v Speaker 4>But Disney did say that it expects EPs to grow

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<v Speaker 4>twelve percent for this fiscal year. Now, perhaps something that

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<v Speaker 4>is not reflected in the reflected in the results today

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<v Speaker 4>is that the Devilwar's product under Disney, brought about two

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<v Speaker 4>hundred and thirty three million dollars in the box office globally,

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<v Speaker 4>making it the largest opening weekends for the year. And

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<v Speaker 4>I mean I watched it, so, yeah.

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<v Speaker 1>That's very good.

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<v Speaker 2>We're watching CVS Health as well. Some positive of earnings

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<v Speaker 2>to tell there.

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<v Speaker 3>Yeah, yeah, just came out this morning.

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<v Speaker 4>They're actually leading to leading to a surge in the

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<v Speaker 4>stock this morning five percent in the pre trade higher.

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<v Speaker 4>They boosted the adjusted earnings per share again, the guidance

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<v Speaker 4>for the full year, they see it at seven point

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<v Speaker 4>three dollars seven point five. That compares to seven to

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<v Speaker 4>seven point two and the estimate, the consensus there was

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<v Speaker 4>seven point one two dollars. And so some of the

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<v Speaker 4>things that came out from the company, or that the

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<v Speaker 4>quarterly adjusted growth here was primarily due to improved adjusting

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<v Speaker 4>adjusted operating income in the healthcare benefits segment. So again,

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<v Speaker 4>this flood of good news is leading to a gain

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<v Speaker 4>in CBS's stock.

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<v Speaker 1>This morning, the pre trade socially the Stock Movers Report

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