WEBVTT - Tesla Tops Estimates, IBM Disappoints, Texas Instruments Trounces Estimates

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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 Data.

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<v Speaker 3>Carol Masser along with Tim Stanevek. Let's take a look

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<v Speaker 3>at some stocks on the move, and we've got a

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<v Speaker 3>bunch moving in the after hour. Got to start with Tesla.

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<v Speaker 3>That stock up about four percent in the aftermarket this

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<v Speaker 3>after the company posted a profit gain and beating Wall

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<v Speaker 3>Street profit expects state expectations to start the year as

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<v Speaker 3>demand for its evs rebounding around the globe. Adjusted earnings

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<v Speaker 3>rose to forty one cents a share in the first quarter,

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<v Speaker 3>higher than the thirty four cent average of analyst estimates

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<v Speaker 3>compiled by Bloomberg. Company posted one point four billion in

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<v Speaker 3>positive free cash flow for the quarter, far better than

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<v Speaker 3>analyst expectation that the carmaker would burn through almost one

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<v Speaker 3>point nine billion. So yeah, turns out EV business was

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<v Speaker 3>pretty good.

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<v Speaker 1>Okay, let's talk about IVM shares lower in the after hours,

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<v Speaker 1>down about five point nine percent. The company posted quarterly

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<v Speaker 1>sales in its software unit that were in line with estimates,

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<v Speaker 1>but that failed to shake investor concerns about AI disruption

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<v Speaker 1>to its business. Software revenue did increase eleven percent to

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<v Speaker 1>seven point oh five billion dollars in the period that

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<v Speaker 1>ended at the end of March. Total revenue increased nine

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<v Speaker 1>percent compared with analyst's average estimate is fifteen point seven

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<v Speaker 1>billion dollars. That came in at fifteen point nine billion dollars.

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<v Speaker 1>The company did maintain that earlier forecaster revenue to grow

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<v Speaker 1>more than five percent this year when adjusting for currency fluctuations.

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<v Speaker 3>Got go to Texas Instruments. Everybody, this one's surging about

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<v Speaker 3>nine percent in the aftermarket. It's the biggest producer of

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<v Speaker 3>analog chips. They gave a surprisingly strong forecast for the

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<v Speaker 3>current period, help by booming spending on Danta DA DA

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<v Speaker 3>data centers. Revenue expected to be five to five point

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<v Speaker 3>four billion in the second quarter. Growth in the quarter

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<v Speaker 3>led by those industrial and data center customers. According to

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<v Speaker 3>the company's CEO, the company's data center unit providing more

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<v Speaker 3>than one billion dollar a year in sale. So this

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<v Speaker 3>one is definitely some ountperformed. So we got one more

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<v Speaker 3>for you.

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<v Speaker 1>Yeah, we heard from United we heard from American or

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<v Speaker 1>excuse me, from Alaska this week. Now Southwest Southwest shares

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<v Speaker 1>declining three point four percent in the after hours. This

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<v Speaker 1>is the midpoint of the carrier's second quarter adjusted EPs guidance,

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<v Speaker 1>trails the average analyst estimate. The company also said it

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<v Speaker 1>would not be updating its current full year justed EPs

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<v Speaker 1>forecasts of four dollars given quote ongoing macroeconomic uncertainty.

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<v Speaker 3>All right, that have to look at some stocks on

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<v Speaker 3>the move at this hour. We sure to check out

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<v Speaker 3>our Stockmovers podcasts. They are five minute episodes of big

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<v Speaker 3>winners and losers in the stock market. You can find

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<v Speaker 3>it on Apple, Spotify, or anywhere you get your podcasts.

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<v Speaker 2>The Stockmovers Report from Bloomberg Radio. Check back with us

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<v Speaker 2>throughout the day for the latest roundup of companies making

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<v Speaker 2>news on Wall Street and for the latest market moving headlines.

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