Speaker 1: Bloomberg Audio Studios, podcasts, radio news. The Stock Movers Report,
Speaker 1: your roundup of companies making moves in the stock market.
Speaker 1: Harnessing the power of Bloomberg data.
Speaker 2: Now it's time to take a look at stocks on
Speaker 2: the move today. I'm Nathan Hager, joined by Bloomberg's a
Speaker 2: Beer abu Omar on a very busy morning for earnings,
Speaker 2: starting with Walt Disney Company. The magic continues, it seems
Speaker 2: under new CEO, Josh Tomorrow. Good morning of beer.
Speaker 3: Good morning, Nathan. Yeah, look, you're right.
Speaker 4: I mean, these are Disney's first results under the new CEO,
Speaker 4: Josh Tomorrow, who succeeded Bob Eiger in mid March.
Speaker 3: I'm just taking a look at some of the numbers
Speaker 3: that we saw.
Speaker 4: So Walt Disney did posts results that are stronger than
Speaker 4: Wall Street expected. This is thanks to improved profit in
Speaker 4: its streaming business EPs. This is some news here. EPs
Speaker 4: excluding some items rose to one point five seven dollars.
Speaker 4: This is during the second fiscal quarter. That is higher
Speaker 4: than the average estimates. But something that is perhaps interesting
Speaker 4: in all Disney's results today is that they reported a
Speaker 4: decline and visitor numbers in the US theme parks for
Speaker 4: the first quarter. This is again under the new CEO,
Speaker 4: Josh Tomorrow, and this is because we returned to the
Speaker 4: Middle East here because of a squeeze on consumer spending
Speaker 4: that was fueled by the war in the Middle East.
Speaker 4: But Disney did say that it expects EPs to grow
Speaker 4: twelve percent for this fiscal year. Now, perhaps something that
Speaker 4: is not reflected in the reflected in the results today
Speaker 4: is that the Devilwar's product under Disney, brought about two
Speaker 4: hundred and thirty three million dollars in the box office globally,
Speaker 4: making it the largest opening weekends for the year. And
Speaker 4: I mean I watched it, so, yeah.
Speaker 1: That's very good.
Speaker 2: We're watching CVS Health as well. Some positive of earnings
Speaker 2: to tell there.
Speaker 3: Yeah, yeah, just came out this morning.
Speaker 4: They're actually leading to leading to a surge in the
Speaker 4: stock this morning five percent in the pre trade higher.
Speaker 4: They boosted the adjusted earnings per share again, the guidance
Speaker 4: for the full year, they see it at seven point
Speaker 4: three dollars seven point five. That compares to seven to
Speaker 4: seven point two and the estimate, the consensus there was
Speaker 4: seven point one two dollars. And so some of the
Speaker 4: things that came out from the company, or that the
Speaker 4: quarterly adjusted growth here was primarily due to improved adjusting
Speaker 4: adjusted operating income in the healthcare benefits segment. So again,
Speaker 4: this flood of good news is leading to a gain
Speaker 4: in CBS's stock.
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