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 Karl Masser, Tim Steneback, Romain Bostik, and Katie Greifel.
Speaker 1: While we are getting some earnings, not necessarily the biggest
Speaker 1: earnings in the world, but we sort of walked through
Speaker 1: them to give a broader read here on what's going
Speaker 1: on in the broader economy and more importantly specifically in
Speaker 1: the tech space. Akamaia, which I guess makes a lot
Speaker 1: of the pipelines, if you will, of the Internet, reporting
Speaker 1: a just a DPS that did beat a dollar eighty
Speaker 1: four versus street estimates of a dollar seventy six revenue
Speaker 1: inline at about one point one billion dollars. But for
Speaker 1: the full year twenty twenty six, the company says expect
Speaker 1: revenue in a range of four point four to four
Speaker 1: point five to five billion dollars, a low into that
Speaker 1: range is in line with the average of analysts estimates,
Speaker 1: and for the current quarter, the fiscal first quarter, the
Speaker 1: company sees a just a dps in a range of
Speaker 1: a dollar fifty to a dollar sixty seven. That might
Speaker 1: be why the shares are down. The street was looking
Speaker 1: for a dollar seventy five, so the top end of
Speaker 1: that range a below significantly below the average of analyst estimate.
Speaker 3: Yeah, come ies up about twenty five percent here in
Speaker 3: twenty twenty six, but definitely a haircut if you look
Speaker 3: at that after market trade. So continuing to track that one, Hey,
Speaker 3: let's go to some of the individual gainers. If we
Speaker 3: may Omnicom. We were breaking down the advertising and marketing
Speaker 3: company about twenty four hours ago. It came out after
Speaker 3: the close, and this is your number one gainer in
Speaker 3: the S and P five hundred again of about fifteen
Speaker 3: percent here, biggest intra day move that we've seen since
Speaker 3: about February twenty twenty seconds. So this is a pretty
Speaker 3: substantial move in this name. The company did report fourth
Speaker 3: quote a revenue that beat consensus estimates. Companies board also
Speaker 3: authorized a five billion dollar share buy back, and so
Speaker 3: we definitely have seen investors moving into this one. Let's
Speaker 3: move on over to the number two gainer in the
Speaker 3: s and P five hundred. We're talking about Deer again
Speaker 3: of just shy of twelve percent. It's the world's largest
Speaker 3: farm machinery maker. And it did boost it's annual profit outlook,
Speaker 3: anticipating a long awaited upturn in the agriculture economy, so
Speaker 3: the company increased its outlook for small agriculture and turf,
Speaker 3: as well as construction and forestry, but its largest segment
Speaker 3: of production and precision agriculture, they did point out remains
Speaker 3: under pressure, and then just got to mention Etsy, we
Speaker 3: were talking about this one two twenty four hours ago
Speaker 3: at CS high is almost thirteen percent intra day, but
Speaker 3: finishing with a gain of about nine percent. The online
Speaker 3: marketplace reported its fourth quarter results, but also a very
Speaker 3: big impact of the company's deal to sell its deep
Speaker 3: hop business to eBay for about one point two billion dollars.
Speaker 4: Yes, Romain, I.
Speaker 1: Thought you were going to do the third biggest gainer
Speaker 1: in the S and P. You did the first, the
Speaker 1: second just skipped over there.
Speaker 4: You no, quite, Frankly, I'm not a one to two
Speaker 4: three kind of gal. You should know that. What was it?
Speaker 3: What is it?
Speaker 4: Roman? What if you do?
Speaker 1: It's Texas specific land. It was about ten percent here
Speaker 1: on the day in Katie Greifeld, speaking of Texas, I
Speaker 1: think there's some earnings out Also.
Speaker 5: Speaking of Texas, this is coming from Texas Roadhouse. That's right.
Speaker 4: We do have them compodies known for their role in Texas.
Speaker 4: They were hoping for that text.
Speaker 5: There's literally Texas in the name. Let's talk about some
Speaker 5: of these numbers here. Fourth quarter revenue coming in a
Speaker 5: bit light one point four eight billion dollars. The estimate
Speaker 5: was for one point five billion dollars. EPs also coming
Speaker 5: in a little bit below the year over year figure
Speaker 5: one dollar twenty eight cents versus one dollar and seventy
Speaker 5: three cents a year ago, so missing when it comes
Speaker 5: to it's EPs there. It's interesting they are raising their
Speaker 5: dividend here they do see twenty twenty six commodity cost
Speaker 5: inflation about seven percent. We know that is a big
Speaker 5: deal specifically for a lot of these names in the
Speaker 5: restaurant industry. And you can see shares down about eight
Speaker 5: tenths of a percent. You know, as we start to
Speaker 5: parse through some of these numbers here.
Speaker 4: Well, let's look at some of the worst performers in
Speaker 4: the S and P five hundred today, weighing down the
Speaker 4: index booking holdings among the biggest drags today, shares fell
Speaker 4: to their lowest level at least going back to September
Speaker 4: of twenty twenty four. Shares ended up closing down by
Speaker 4: more than six point one percent. The company reported fourth
Speaker 4: quarter adjusted EPs below expectations. Rest of the results though
Speaker 4: largely above consensus. This is a stock that's four thousand dollars.
Speaker 4: The company gave a growth forecast approved to twenty five
Speaker 4: to one stock split. DA Davidson, Kanter Key Bank all
Speaker 4: among the firms that cut their price targets after earnings.
Speaker 4: Also keep an eye on what happened today with Blue
Speaker 4: Oul Capital. Shares taken a hit after the company decided
Speaker 4: to restrict withdrawals from one of its private credit funds.
Speaker 4: It raises concerns about the entire private credit industry. At
Speaker 4: one point eight trillion dollar market shares down today by
Speaker 4: six percent. The firm set investors in Blue Oul Capital Corp.
Speaker 4: Two will no longer be able to redeem shares on
Speaker 4: a quarterly basis, and the funnel return capital through periodic
Speaker 4: distributions funded by loan repayments, asset sales or other transactions.
Speaker 4: And finally, watching what's going on today with shares of
Speaker 4: Klarna Group. They fell by more than twenty six percent.
Speaker 4: Let's just round that down. Round it up twenty seven
Speaker 4: percent come on this after the company reported two consecutive
Speaker 4: quarters of losses. It's struggling to convince investors to hold
Speaker 4: on for future profit pretext loss of two hundred and
Speaker 4: forty one million dollars for the last year. Despite pulling
Speaker 4: in record revenue, it set aside more money for potentially
Speaker 4: souring loans. So I don't know if that's a commentary
Speaker 4: about the customers of Klarna that it serves around the world.
Speaker 1: Yeah, I'm actually intrigued by that story because wasn't that
Speaker 1: whole idea is that given the short term nature of
Speaker 1: these loans, they weren't carrying as much credit risk as
Speaker 1: maybe the exactational banks were. But definitely something to look into.
Speaker 4: That's a big haircut today, twenty seven percent.
Speaker 1: Yeah, it is, it's huge. Just real quickly, let's going ball, tim,
Speaker 1: what's going on over there?
Speaker 4: That's that a that's going fall. That's a big drop,
Speaker 4: that's a full shape. Yeah, thank you, Katie.
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