Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: This is the closing bell on this stock movers report
Speaker 2: the company's making moves at the close of US trading
Speaker 2: with Carol Masser, Tim Stenovak, Romain Bostik and Scarlet Foo.
Speaker 3: S and p five hundred, Katie, four hundred and twenty
Speaker 3: sixth names actually getting ground on this Tuesday. Seventy four
Speaker 3: to the downside and three unchanged.
Speaker 4: And you also saw pretty good breath when it comes
Speaker 4: to the sectors, though not a perfect score. Eight in
Speaker 4: the green, three in the red. I think it is
Speaker 4: so interesting that you had Tech actually finished a little
Speaker 4: bit lower on the day because you had Alphabet hitting
Speaker 4: another all time high. But still you think about some
Speaker 4: of the names on the other side in Nvidia included,
Speaker 4: and it netted out to a little bit of a
Speaker 4: negative downdraft. Healthcare though consumer discretionary communication services some of
Speaker 4: your biggest winners on this day.
Speaker 1: All right, we are getting the mourning out of the
Speaker 1: software space right now. Autodesk out with their results for
Speaker 1: the most recent quarter, third quarter EPs looks like a
Speaker 1: beat two dollars and sixty seven cents a share. The
Speaker 1: street was looking for two fifty net revenue in the quarter,
Speaker 1: beating modestly by one point eighty five billion. The street
Speaker 1: was looking for one point eighty one. Here's your guidance
Speaker 1: going forward for the current quarter, the fiscal fourth quarter,
Speaker 1: the company says that revenue will be in a range
Speaker 1: of one point nine to one point nine to two.
Speaker 1: The lower end of that range is well above street
Speaker 1: estimates of one point eighty six and EPs two fifty
Speaker 1: nine to two sixty seven a share. Once again, the
Speaker 1: lower end of that range, Katie above the average of
Speaker 1: street estimates, So beaten race quarter here at for Autodesk, Well.
Speaker 4: Let's talk a little bit about workday two because you
Speaker 4: take a look at the after hours share price moving
Speaker 4: higher by about seven percent. That's after they boosted their
Speaker 4: full year subscription revenue forecast. They see their fourth quarter
Speaker 4: subscription revenue coming in at two point three six billion dollars.
Speaker 4: That is above the estimate of two point three five
Speaker 4: billion dollars. So that's the look ahead for the third quarter.
Speaker 4: Third quarter revenue coming in at two point four three
Speaker 4: billion dollars, that's slightly above the estimate. Similar story when
Speaker 4: you take a look at third quarter adjusted EPs coming
Speaker 4: in at two dollars and thirty two cents above estimates
Speaker 4: of two dollars and sevenighteen cents. So again you can
Speaker 4: see the reaction in shares is positive at the moment, tim.
Speaker 5: All right, shares of the data infrastructure company net app,
Speaker 5: we're surging higher now they're hirer again four percent. In
Speaker 5: the after hours, the company boosted its fiscal year adjusted
Speaker 5: earnings per share forecast. The company sees third quarter net
Speaker 5: revenue at one point sixty two to one point seven
Speaker 5: seven billion. Estimates for one point seven one billion. Second
Speaker 5: quarter net revenue came in above estimates. The company still
Speaker 5: sees fiscally your net revenue six point six three billion
Speaker 5: to six point eight eight billion dollars. Shares in the
Speaker 5: after hours up about four point eight percent.
Speaker 3: All right, guys, I'm going to go back to some
Speaker 3: individual gainers as we wait some more earnings. I'm just
Speaker 3: going to bring up Google and our alphabet and Meta
Speaker 3: Meta platform on one screen. We of course know the
Speaker 3: news that we were talking about Google versus and video
Speaker 3: all day today, but the news was that Meta is
Speaker 3: said to be in talks to spend billions on Google's
Speaker 3: AI chips, adding to a month's long rally that we've
Speaker 3: seen in Alphabet shares that has made the case that
Speaker 3: it can rival maybe Nvidia as a leader in AI technology.
Speaker 3: So this story has been out there, shares of Alphabet
Speaker 3: finishing the day about one and a half percent higher.
Speaker 3: Meta Platforms finished the day with a gain of about
Speaker 3: three point eight percent, So just wanted to show those
Speaker 3: together real quickly. Two retailers outperformers, Abercromme and Fitch, finishing
Speaker 3: the day with a game of about thirty six thirty
Speaker 3: seven percent.
Speaker 4: Excuse me.
Speaker 3: The company raised the low end of its twenty twenty
Speaker 3: six net sales and earnings per share guidance range as
Speaker 3: its Hollister brand continued to gain momentum, and you did
Speaker 3: lift kind of some other names in the space, American
Speaker 3: Eagle and Urban Outfitters also we're highed. Keep in mind
Speaker 3: the stock is still down forty percent year to date,
Speaker 3: with twelve percent of the float short and Coles.
Speaker 1: I wish you point now we're expecting to get Urban
Speaker 1: Outfitters after the bell tonight too.
Speaker 3: Thank you for that. Yeah, good point, good point. Cole's
Speaker 3: also up about forty two percent in today's soaring to
Speaker 3: its highest and more than a year, raised its full
Speaker 3: year outlook for the second quarter, adding to kind of
Speaker 3: a steady stream of retailers reporting stronger than expected results.
Speaker 3: So some major outperformance in that one as well.
Speaker 5: Okay, some underperformance in the name of some chip stocks,
Speaker 5: namely in Vidia down two point six percent. It was
Speaker 5: done as much as seven point one percent earlier in
Speaker 5: the session. AMD also felt at a four point two
Speaker 5: percent That was done as much as nine point seven
Speaker 5: percent in the session. Carol just talked about why Google's
Speaker 5: alpha or alphabets Google has been doing so well. This
Speaker 5: information report that meta Platforms is in talks has spend
Speaker 5: billions on Google AI chips known as tensor processing units
Speaker 5: are TPUs sending shares of Nvidia and AMD lower. Looking
Speaker 5: at jam Smucker Company today, too, share slid three point
Speaker 5: seven percent. They hit their lowest enter day level at
Speaker 5: one point since early July. The company lowered the top
Speaker 5: end of its full year guidance ranges. Other company also
Speaker 5: planned to cancel to plan price increase on coffee due
Speaker 5: to tariff. Re Leaf Cafe, Bustella, Duncan, and Folders are
Speaker 5: in its coffee brands. Romaine. I know you are watching
Speaker 5: what's going on with Dell right now.
Speaker 1: Yeah, Dell Computer, I'm actually going to reverse this here
Speaker 1: and start with the forecast for the full fiscal year,
Speaker 1: Dell saying that adjusted EPs will be at its midpoint
Speaker 1: of nine dollars and ninety two cents a share. It
Speaker 1: had previously seen about nine dollars and fifty five cents,
Speaker 1: so it looks like it's basically nudging up is adjusted
Speaker 1: EPs outlooked by Justice Smidge here also nudging up its
Speaker 1: revenue guidance for the full fiscal year to one hundred
Speaker 1: and eleven point two billion dollars to one hundred and
Speaker 1: twelve point two billion dollars. The previous range that had
Speaker 1: given was one oh five to one oh nine, So
Speaker 1: a raise here on the forecast. As far as the
Speaker 1: quarter that just was, it does look a beat on
Speaker 1: that as well, here, looking at roughly about eleven percent
Speaker 1: gain here on operating income for the most recent quarter.
Speaker 1: The company also saying that revenue in the quarter also
Speaker 1: up eleven percent to twenty seven billion dollars. So we
Speaker 1: should point out that that does look like a slight
Speaker 1: miss of street estimates. The street was looking for about
Speaker 1: twenty seven point one nine here, so it looks like
Speaker 1: the numbers for the most recent quarter relatively in line
Speaker 1: to just a smidge below what the street was looking for,
Speaker 1: but a guide higher for the rest of the year.
Speaker 3: All right, So from high tech to consumer discretionary we go.
Speaker 3: As we mentioned retail earnings Urban Outfitters, man folks. It
Speaker 3: was up nine percent in the regular session. It is
Speaker 3: soaring in the aftermarket, up about sixteen percent. Let's go
Speaker 3: to the third quarter. Third quarter comp retail segment sales
Speaker 3: up eight percent. The estimate was for an increase of
Speaker 3: about five percent third quarter EPs of a dollar twenty
Speaker 3: eight to share. Again, we're just looking for some more
Speaker 3: color here from the company that third quarter net sales
Speaker 3: is a beat. Keep in mind that this stock has
Speaker 3: been up about twenty four percent year to date, but
Speaker 3: about fifteen percent of the float to shirts. So we'll
Speaker 3: look for some commentary a little bit more when it
Speaker 3: comes to what they're seeing for the consumer.
Speaker 4: Yeah, interesting to see shares up about fifteen percent after hours.
Speaker 4: Though a different story when it comes to z Scalar
Speaker 4: shares moving about five five, six seven percent lower right now,
Speaker 4: moving quite a lot. This is after actually their second
Speaker 4: quarter revenue forecast came in higher than estimates. They see
Speaker 4: revenue between seven hundred and ninety seven million dollars to
Speaker 4: seven hundred and ninety nine million dollars. The estimate had
Speaker 4: been for seven hundred and ninety six point one million dollars.
Speaker 4: So still not really tiding over investors here. First quarter
Speaker 4: results came in adjusted EPs ninety six cents first is
Speaker 4: seventy seven cents year over year. The estimate had been
Speaker 4: for eighty six cents, so a beat there as well,
Speaker 4: also a beat when it comes to revenue versus expectations,
Speaker 4: but still tough crowd. You can see z scaler shares
Speaker 4: down about five percent right now.
Speaker 5: Okay, you're watching z scaler. I'm watching ticker woof in
Speaker 5: the after hours. That's pet Co. It's up seven point
Speaker 5: seven five percent in the after hours. The company did
Speaker 5: report fourth quarter net sales down low single digits year
Speaker 5: over year. Fourth quarter justed EBADU forecast, though did beat estimates.
Speaker 5: Third quarter net sales coming in at one point five billion,
Speaker 5: the SMUs for one point four to seven billion. The
Speaker 5: company CEA's fourth quarter adjusted EBA to ninety three to
Speaker 5: ninety five million, the estimus ninety two point four million.
Speaker 5: This company has been getting beat up, not just this year.
Speaker 5: Going into this earnings report it was down more than
Speaker 5: twenty two percent, but going back to all time highs,
Speaker 5: down close to ninety percent from those all time highs
Speaker 5: that was back in January of twenty twenty one.
Speaker 3: All Right, quick check on Dell that just reported it's
Speaker 3: still up about one and a half percent. Bounces it
Speaker 3: around a little bit, but up about one and a
Speaker 3: half percent. In the aftermarket, Urban Outfitters up almost thirteen percent.
Speaker 3: Z Scaler down about five and a half percent.
Speaker 2: Folks the stock Movers report from Bloomberg Radio. Check back
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