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.
Speaker 3: Data Carol Masser, Tim Stanevik, Livit Schwap Impact twenty twenty five.
Speaker 3: In the meantime, he wanted to take a look at
Speaker 3: some stocks on the move, and back at the Bloomberg
Speaker 3: Get Director Broker Studio at Bloomberg Headquarters in New York
Speaker 3: City is our own Carmen Ryanickey. She is Bloomberg News
Speaker 3: Equities reporter and deputy team leader, and she is watching
Speaker 3: some of the stocks on the move, a lot of it,
Speaker 3: you know, in the aftermarket. So what do you got first, Carmen.
Speaker 4: Yeah, so we're seeing a lot of movement after a
Speaker 4: bunch of earnings reports today. So the first one I'm
Speaker 4: looking at is snap ticker. Snap shares are up twenty
Speaker 4: five percent right now after hours. The company reported earnings
Speaker 4: but also announced a four hundred million dollar partnership with
Speaker 4: Perplexity AI. So I think this is really what the
Speaker 4: stock is moving on, you know, getting a little bit
Speaker 4: of the AI enthusiasm. Basically, Snapchat is going to use
Speaker 4: Perplexity's AI search engine, and it gives it a new
Speaker 4: business line and puts social messaging more in the mix
Speaker 4: around AI chat pots. So this will be really interesting
Speaker 4: to keep watching how this develops with Snap.
Speaker 1: This is a wild move higher, I mean shares. We're
Speaker 1: up the after hours as much as twenty five percent earlier,
Speaker 1: now up what twenty three point seven percent, all because
Speaker 1: of a partnership with Perplexity.
Speaker 3: That's kind of fascinating to see that move in pretty
Speaker 3: big reaction.
Speaker 1: What do you got first?
Speaker 3: What's number two?
Speaker 4: Yeah, so the next one is really moving in the
Speaker 4: opposite direction. Duo Lingo tick our duol down more than
Speaker 4: twenty percent right now. So the company reported fourth quarter
Speaker 4: earnings as well, but bookings trailed estimates. They're seeing a
Speaker 4: range of about thirty million to three hundred and thirty
Speaker 4: five million. Analysts were estimating three hundred and four alre
Speaker 4: four million. So this is interesting as well because the
Speaker 4: revenue for the quarter was really in line with expectations,
Speaker 4: and they boosted the guidance for the year because users
Speaker 4: are paying more to chat with AI bots on dual Lingo.
Speaker 4: So interesting. We're just seeing the other side here of
Speaker 4: an AI play from deal LINGO. The next time I'm
Speaker 4: looking at is door Dash. So ticker dash shares also
Speaker 4: down here. They're down about nineteen percent right now. And
Speaker 4: you know, we talk a lot about AI and the
Speaker 4: other thing I think we talked about is Capex. So
Speaker 4: Dash shares looking like they're down right now. After the
Speaker 4: company said it's going to invest several hundred million dollars
Speaker 4: more into new products next year twenty twenty six, and
Speaker 4: it did this year. This actually will also include AI
Speaker 4: tools to improve developer productivity, and the spending forecast overshadowed
Speaker 4: this pretty strong results actually from door Dash. They saw
Speaker 4: a gross order value grow ahead of the estimate, and
Speaker 4: that was one of the strongest gains in that metric
Speaker 4: since to twenty twenty three.
Speaker 1: So we have snap hire Fueling go lower, door Dash lower.
Speaker 1: Can we just say door Dash getting killed after all? Yeah?
Speaker 1: So a DUELINGO. Wow? Okay, what about Qualcom?
Speaker 2: Yeah?
Speaker 4: So Qualcom is actually also down in after hours tick
Speaker 4: her q coom down about three point eight percent right now.
Speaker 4: So the company also had really solid earnings, but is
Speaker 4: really being overshadowed by a tax change that resulted in
Speaker 4: a five point seven billion dollar right down in the quarter,
Speaker 4: contributing to a three about a three billion dollar loss.
Speaker 4: The other thing is that shares of Qualcom were up
Speaker 4: really sharply into the report. They'd sort of rallied rallied
Speaker 4: in the last few weeks, so that might have also
Speaker 4: sort of boosted expectations. We sort of raised the bar
Speaker 4: going into the report. Otherwise, though, other than this write down,
Speaker 4: the quarter looked pretty good. They said sales will be
Speaker 4: roughly twelve billion in the fiscal first quarter running through December.
Speaker 4: Profit was higher than analysts expected, and the outlook really
Speaker 4: suggests that demand is strong, especially in the android phone market,
Speaker 4: which is much of Qualcomm's revenue.
Speaker 3: Yeah, sometimes it's just about expectations, right and managing them.
Speaker 1: That's like the job, right of that is it?
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