WEBVTT - Snap Surges, DoorDash Plunges, Qualcomm Gives Upbeat Forecast

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg.

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<v Speaker 3>Data Carol Masser, Tim Stanevik, Livit Schwap Impact twenty twenty five.

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<v Speaker 3>In the meantime, he wanted to take a look at

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<v Speaker 3>some stocks on the move, and back at the Bloomberg

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<v Speaker 3>Get Director Broker Studio at Bloomberg Headquarters in New York

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<v Speaker 3>City is our own Carmen Ryanickey. She is Bloomberg News

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<v Speaker 3>Equities reporter and deputy team leader, and she is watching

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<v Speaker 3>some of the stocks on the move, a lot of it,

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<v Speaker 3>you know, in the aftermarket. So what do you got first, Carmen.

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<v Speaker 4>Yeah, so we're seeing a lot of movement after a

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<v Speaker 4>bunch of earnings reports today. So the first one I'm

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<v Speaker 4>looking at is snap ticker. Snap shares are up twenty

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<v Speaker 4>five percent right now after hours. The company reported earnings

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<v Speaker 4>but also announced a four hundred million dollar partnership with

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<v Speaker 4>Perplexity AI. So I think this is really what the

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<v Speaker 4>stock is moving on, you know, getting a little bit

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<v Speaker 4>of the AI enthusiasm. Basically, Snapchat is going to use

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<v Speaker 4>Perplexity's AI search engine, and it gives it a new

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<v Speaker 4>business line and puts social messaging more in the mix

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<v Speaker 4>around AI chat pots. So this will be really interesting

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<v Speaker 4>to keep watching how this develops with Snap.

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<v Speaker 1>This is a wild move higher, I mean shares. We're

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<v Speaker 1>up the after hours as much as twenty five percent earlier,

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<v Speaker 1>now up what twenty three point seven percent, all because

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<v Speaker 1>of a partnership with Perplexity.

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<v Speaker 3>That's kind of fascinating to see that move in pretty

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<v Speaker 3>big reaction.

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<v Speaker 1>What do you got first?

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<v Speaker 3>What's number two?

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<v Speaker 4>Yeah, so the next one is really moving in the

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<v Speaker 4>opposite direction. Duo Lingo tick our duol down more than

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<v Speaker 4>twenty percent right now. So the company reported fourth quarter

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<v Speaker 4>earnings as well, but bookings trailed estimates. They're seeing a

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<v Speaker 4>range of about thirty million to three hundred and thirty

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<v Speaker 4>five million. Analysts were estimating three hundred and four alre

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<v Speaker 4>four million. So this is interesting as well because the

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<v Speaker 4>revenue for the quarter was really in line with expectations,

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<v Speaker 4>and they boosted the guidance for the year because users

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<v Speaker 4>are paying more to chat with AI bots on dual Lingo.

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<v Speaker 4>So interesting. We're just seeing the other side here of

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<v Speaker 4>an AI play from deal LINGO. The next time I'm

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<v Speaker 4>looking at is door Dash. So ticker dash shares also

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<v Speaker 4>down here. They're down about nineteen percent right now. And

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<v Speaker 4>you know, we talk a lot about AI and the

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<v Speaker 4>other thing I think we talked about is Capex. So

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<v Speaker 4>Dash shares looking like they're down right now. After the

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<v Speaker 4>company said it's going to invest several hundred million dollars

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<v Speaker 4>more into new products next year twenty twenty six, and

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<v Speaker 4>it did this year. This actually will also include AI

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<v Speaker 4>tools to improve developer productivity, and the spending forecast overshadowed

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<v Speaker 4>this pretty strong results actually from door Dash. They saw

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<v Speaker 4>a gross order value grow ahead of the estimate, and

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<v Speaker 4>that was one of the strongest gains in that metric

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<v Speaker 4>since to twenty twenty three.

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<v Speaker 1>So we have snap hire Fueling go lower, door Dash lower.

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<v Speaker 1>Can we just say door Dash getting killed after all? Yeah?

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<v Speaker 1>So a DUELINGO. Wow? Okay, what about Qualcom?

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<v Speaker 2>Yeah?

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<v Speaker 4>So Qualcom is actually also down in after hours tick

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<v Speaker 4>her q coom down about three point eight percent right now.

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<v Speaker 4>So the company also had really solid earnings, but is

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<v Speaker 4>really being overshadowed by a tax change that resulted in

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<v Speaker 4>a five point seven billion dollar right down in the quarter,

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<v Speaker 4>contributing to a three about a three billion dollar loss.

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<v Speaker 4>The other thing is that shares of Qualcom were up

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<v Speaker 4>really sharply into the report. They'd sort of rallied rallied

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<v Speaker 4>in the last few weeks, so that might have also

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<v Speaker 4>sort of boosted expectations. We sort of raised the bar

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<v Speaker 4>going into the report. Otherwise, though, other than this write down,

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<v Speaker 4>the quarter looked pretty good. They said sales will be

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<v Speaker 4>roughly twelve billion in the fiscal first quarter running through December.

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<v Speaker 4>Profit was higher than analysts expected, and the outlook really

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<v Speaker 4>suggests that demand is strong, especially in the android phone market,

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<v Speaker 4>which is much of Qualcomm's revenue.

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<v Speaker 3>Yeah, sometimes it's just about expectations, right and managing them.

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<v Speaker 1>That's like the job, right of that is it?

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