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 3: Let's take a look at some stocks on the move today.
Speaker 3: I'm Emily Griffo here with Tim Stenovic and with us
Speaker 3: is avalon Prnel Bloomberg News Equities Reporter. What are you
Speaker 3: looking at?
Speaker 4: Well, we have to start off of Esday Lauder. That's
Speaker 4: ticker ELD currently jumping about twelve percent in aftermarket trading.
Speaker 4: That's after Essay Lauder and the Spanish brand Pooge agreed
Speaker 4: to end merger talks. For those unaware, Esday Latter is
Speaker 4: behind brands like mac Clinique, Lamaire and my personal favorite
Speaker 4: at the ordinary. The move will be seen as a
Speaker 4: major positive though from investors, given that they really believe
Speaker 4: that this merger was potentially going to slow down Esday
Speaker 4: Latter's ability to have a turnaround. So it'll definitely be
Speaker 4: interesting to see what those notes will say in the
Speaker 4: coming hours.
Speaker 5: Yeah, this was I think this one really caught Carol
Speaker 5: off guard.
Speaker 1: Okay when this happened, she was she was the merger announcement,
Speaker 1: the merger announcement or at least the reports about the
Speaker 1: merger a possible merger just because the like you mentioned,
Speaker 1: the brands are so important.
Speaker 5: So I don't know, we'll see.
Speaker 3: Yeah, it's interesting to see when the stock you know,
Speaker 3: of the company that would have been doing the acquisition
Speaker 3: is higher when the talks are tossed in the trash.
Speaker 3: It's like, okay, obviously, like that wasn't a good idea. Okay,
Speaker 3: you also have a consumer company that you're sure do
Speaker 3: that is Decker's ticker Deck. I will say it was
Speaker 3: up a little bit more earlier.
Speaker 4: Now it's only up about point seven percent, and that's
Speaker 4: after the parent brand of companies like ug and also
Speaker 4: Hokahs reported fourth quarter net sales that beat expectations. More importantly, though,
Speaker 4: it provided a net sales guidance for the fiscal year
Speaker 4: twenty twenty seven that also came ahead of expectations, and
Speaker 4: one thing that kind of stood out was that Hoka
Speaker 4: sales were to stand out of the print. They came
Speaker 4: up above and fifteen percent increase in sales compared to
Speaker 4: the same period last year, and Freeze wrote that it
Speaker 4: was a pretty solid beat, although they did note that
Speaker 4: it was maybe slightly lower than some very bullish expectations.
Speaker 5: Okay, home, everybody always says Hoka and UG and they
Speaker 5: never say Teva.
Speaker 4: I do have Tivas too, to be honest.
Speaker 5: Okay, so you're you're part of the.
Speaker 3: Okay, Teva or Tiva. That's a lifelong question that I had.
Speaker 1: It's Teva.
Speaker 5: Yeah, but it's okay, We're not going to do this again.
Speaker 3: Guys like you have to go back all right, all right,
Speaker 3: oh not again.
Speaker 2: Okay.
Speaker 5: I don't have the context of this all but what
Speaker 5: I will say is, I'm just looking at the press
Speaker 5: release here. Hoka did really well, UG did really well.
Speaker 5: Other brand sales decreased thirty three point nine percent to
Speaker 5: just one hundred and forty six point two million dollars.
Speaker 5: So yeah, UG and Hoka doing well.
Speaker 1: The other brand's not as much exactly.
Speaker 4: And we can also talk about a different company that
Speaker 4: did not do nearly as well as expectations. That's into it.
Speaker 4: That's ticker i Intu sinking twenty percent into the close
Speaker 4: today to end its biggest one day drop since two
Speaker 4: thousand and three. That's after the software firm reported third
Speaker 4: quarter results that phil well short of expectations. More specifically,
Speaker 4: the TurboTax business fell short of expectations, especially coming off
Speaker 4: of tax season. It very much disappointed some people and
Speaker 4: also had analysts talking about how that revenue miss could
Speaker 4: add some fuel to the AI questions in that bare
Speaker 4: case about how tax automation is going to impact these companies.
Speaker 3: Okay, so here, Tim, we were talking a little bit
Speaker 3: earlier in the day about software names and how resilient
Speaker 3: they can be to AI disruption. Here's an example of
Speaker 3: a company that's not proving to the shareholders that they
Speaker 3: can use AI to their advantage. So they're trimming costs
Speaker 3: wall they invest in AI products, So maybe a longer
Speaker 3: term vision book now, shareholder really right.
Speaker 4: They also announced that they're going to be slashing about
Speaker 4: seventeen percent of jobs, so not exactly the bullish signal
Speaker 4: that investors were hoping out.
Speaker 2: Of the print the Stock Movers Report from Bloomberg Radio.
Speaker 2: Check back with us throughout the day for the latest
Speaker 2: roundup of companies making news on Wall Street and for
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