1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,840 --> 00:00:20,239 Speaker 1: I'm Carol Masser along with Nora, me Linda. Let's get 5 00:00:20,280 --> 00:00:22,760 Speaker 1: a look at some of the stocks on the move 6 00:00:23,079 --> 00:00:26,680 Speaker 1: at this hour. Bloomberg News Equities reporter Natalia kenny Jevich 7 00:00:26,880 --> 00:00:30,560 Speaker 1: is here in studio Live Nation out with earnings after 8 00:00:30,600 --> 00:00:32,520 Speaker 1: the closing ballot ticker LYV. 9 00:00:32,800 --> 00:00:37,280 Speaker 3: What's going on, Hi, guys, So the stock is relatively flat, 10 00:00:37,320 --> 00:00:39,400 Speaker 3: we should say, because the earnings, on the one hand, 11 00:00:39,479 --> 00:00:42,680 Speaker 3: beat expectations. The report was pretty solid. We know that 12 00:00:42,720 --> 00:00:45,400 Speaker 3: revenue from concerts, which makes about eighty two percent of 13 00:00:45,600 --> 00:00:49,920 Speaker 3: total revenue, came above expectations. Now, revenue from ticket selling 14 00:00:49,920 --> 00:00:53,920 Speaker 3: platform ticket Master also was above expectations overall. Also, the 15 00:00:53,960 --> 00:00:57,240 Speaker 3: company sold one hundred and thirty million tickets so far 16 00:00:57,360 --> 00:01:01,320 Speaker 3: this year through July, also up six from the previous year. 17 00:01:01,400 --> 00:01:06,720 Speaker 3: Or However, there are lots of concerns about consumer demand 18 00:01:06,720 --> 00:01:09,800 Speaker 3: because we heard from competitor with its seats the company 19 00:01:09,840 --> 00:01:13,120 Speaker 3: provided really weak outlook for US consumer. We're also seeing 20 00:01:13,120 --> 00:01:16,039 Speaker 3: some about my salesbox. We're also seeing some uncertainty weighing 21 00:01:16,080 --> 00:01:18,759 Speaker 3: in the second half of the year for Ralph Lauren exactly. 22 00:01:18,800 --> 00:01:21,600 Speaker 3: So it's interesting because the stock was down a clothes 23 00:01:21,680 --> 00:01:25,680 Speaker 3: that's down six point five percent overall, we see that 24 00:01:25,760 --> 00:01:32,240 Speaker 3: sales beat expectations. The company provided annual outlook increased it right, 25 00:01:32,280 --> 00:01:35,560 Speaker 3: so it should be positive. However, during the earnings called, 26 00:01:35,560 --> 00:01:39,080 Speaker 3: the company said that it sees outgoing pressure in Europe, 27 00:01:39,200 --> 00:01:43,520 Speaker 3: also uncertainty around the US consumers, so still lots of 28 00:01:43,560 --> 00:01:46,880 Speaker 3: again uncertainty. And we also know that the company raised 29 00:01:47,280 --> 00:01:51,080 Speaker 3: average price for its items by about fourteen percent during 30 00:01:51,120 --> 00:01:56,360 Speaker 3: the last quarter, and still it didn't discourage customers from buying. 31 00:01:56,400 --> 00:01:58,640 Speaker 3: So we see that the company is still relatively in 32 00:01:58,640 --> 00:02:01,120 Speaker 3: a stable position considered the fact that also it has 33 00:02:01,120 --> 00:02:03,600 Speaker 3: about ten percent of its revenue coming from China. It's 34 00:02:03,640 --> 00:02:06,600 Speaker 3: kind of a little bit protected from this global tariff war. 35 00:02:06,920 --> 00:02:09,160 Speaker 1: Can you give me twenty seconds on crocs real quickly, 36 00:02:09,400 --> 00:02:09,919 Speaker 1: real quickly. 37 00:02:10,040 --> 00:02:14,240 Speaker 3: Yeah, So we see that shares are down by oh gosh, guys, 38 00:02:14,919 --> 00:02:18,920 Speaker 3: shares that down by about twenty percent to almost thirty percent. 39 00:02:20,000 --> 00:02:25,360 Speaker 3: Really really week reports full year outlook was not provided. 40 00:02:25,400 --> 00:02:28,560 Speaker 3: The company also cited a lot of uncertainty about US consumers. 41 00:02:29,919 --> 00:02:33,920 Speaker 2: The Stock Mover's report from Bloomberg Radio. Check back with 42 00:02:34,000 --> 00:02:36,600 Speaker 2: us throughout the day for the latest roundup of companies 43 00:02:36,680 --> 00:02:39,760 Speaker 2: making news on Wall Street and for the latest market 44 00:02:39,800 --> 00:02:44,280 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 45 00:02:44,360 --> 00:02:47,840 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 46 00:02:47,919 --> 00:02:49,440 Speaker 2: the Bloomberg Business app.