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 3: Let's take a look at some stocks on the move today.
Speaker 4: I'm Nathan Hager, joined by Bloomberg's Louise Moon with a
Speaker 4: lot of.
Speaker 3: Stocks reporting earnings.
Speaker 4: But before we get to some of those, we've got
Speaker 4: a little bit of deal news on this jobs Friday.
Speaker 4: Dream Finders and Bees are Homes getting into tie up.
Speaker 1: Good morning, Louise, Good morning, Yes nice, have a bit
Speaker 1: of an m and a story to break up all
Speaker 1: the earning stories. As the dream Finders, they're agreed to
Speaker 1: buy their rival Beza Homes. So that's for about nine
Speaker 1: hundred and sixteen million US dollars. So that's the value
Speaker 1: of thirty three point five dollars per share in cash,
Speaker 1: So that values Bees are about two point two billion
Speaker 1: US dollars including debt, expected to close by the end
Speaker 1: of the year, and for dream Finders, expected to benefit
Speaker 1: them in their first year. Really, so good news potentially
Speaker 1: for them. They also rear found that outlook in their
Speaker 1: own earnings this morning as well, so we'll be watching
Speaker 1: their shares at open.
Speaker 3: Okay, so let's get to the earnings.
Speaker 4: Then we heard from Airbnb after the close and looks
Speaker 4: like a pretty positive result here.
Speaker 3: Yes, they've raised.
Speaker 1: Their annual revenue forecast. That's for the second time this year,
Speaker 1: and they also lifted their forecast for margins. So it
Speaker 1: shares up about eleven percent in post market yesterday, adding
Speaker 1: to gains that we've been seeing through the years. They're
Speaker 1: up about twelve percent already through the year. And essentially
Speaker 1: what's pointing to is this kind of signal of strong
Speaker 1: demand for travel, this resilience there that we've been also
Speaker 1: seeing in other earnings that have come through to Expedia
Speaker 1: and Booking Holidays pointing too similar as well. So for Airbnb,
Speaker 1: their overall nights booked rose ten percent. The US was
Speaker 1: showed their highest growth in nearly three years, and then
Speaker 1: other markets like France, the UK, Australia also growing at
Speaker 1: the faster pace. That at a faster pace sorry, and
Speaker 1: then they're expecting that to kind of continue through into
Speaker 1: the third quarter. So Airbinb's been reshaping itself really so
Speaker 1: it's becoming more of an all in one platform, so
Speaker 1: they now offer things like hotels, towards local activities, and
Speaker 1: Bloomberg Intelligence are saying that this is these results today
Speaker 1: are showing that that is starting to pay off. There's
Speaker 1: some initial success story there. SOM shares up about eight
Speaker 1: percent or so pre market trading on the back and.
Speaker 3: It looks like a pretty positive result as well for
Speaker 3: a cloud Flare. After their results.
Speaker 1: Yes, the cybersecurity firm lifted their annual forecast above estimates.
Speaker 1: They say that their second quarter was stella, in the
Speaker 1: words of their CEO, beating estimates, showing that their efforts
Speaker 1: to cut their workforce shifting towards a strategy of AI
Speaker 1: first model hasn't harmed their growth. It also comes as
Speaker 1: investors are showing more interest in these larger cybersecurity firms,
Speaker 1: so that expectation that AI will expand demand for digital
Speaker 1: defense for cybersecurity. So shares up seventeen percent in pre market, okay.
Speaker 3: And just time to tell us about one stock that's
Speaker 3: falling after earnings, Trade Desk.
Speaker 1: Yes, so this one that we are looking at. So
Speaker 1: that is yeah for Trade Desk, as you say, shares
Speaker 1: down twenty eight percent in pre market, so big falls
Speaker 1: for them. That's off their second quarter earnings below expectations,
Speaker 1: and then also four casts for their third quarter revenue
Speaker 1: also missed estimates by about twenty percent, So big missed there.
Speaker 1: And then on the back of that, we've got at
Speaker 1: least four brokerages that have downgraded the stock as a
Speaker 1: result of that. So Bloomberg Intelligence saying that this suggests
Speaker 1: that their turnaround is losing credibility. Really so, there's big
Speaker 1: competitive issues that are under pressure from this AI driven
Speaker 1: model of media buying via AI, and yeah, strong composition
Speaker 1: there as well. So shares down about twenty eight percent.
Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with
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Speaker 2: making news on Wall Street and for the latest market
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