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 Steneback, Romain Bostik, and Katie Greifel.
Speaker 1: All Right, you want earnings, Carol, I'll give them to
Speaker 1: you Instacart or maple Bear, depending on how you want
Speaker 1: to see it. Those shares higher in the after hours trade.
Speaker 1: In the second quarter, gross transaction value did come in
Speaker 1: right around estimates ten point three to five billion. The
Speaker 1: street was looking for ten point two billion dollars ipadah
Speaker 1: coming in above estimates at three hundred and thirteen million dollars.
Speaker 1: Here's your forecast going forward. The company says that for
Speaker 1: the third quarter, the current quarter, it s thees gross
Speaker 1: transaction value in a range of ten point three to
Speaker 1: ten point five to five billions. So on a sequential
Speaker 1: basis not quite a big bump from what we saw
Speaker 1: from the past quarter. But investors least the knee jerk
Speaker 1: reaction curl to the upside up four percent.
Speaker 3: All right, So let's get to it at a stock
Speaker 3: that's been outperforming this year, Akamai, which is up about
Speaker 3: thirty six percent year to date. Let's get to its numbers.
Speaker 3: Just crossing the Bloomberg terminal, let's go right to the outlook.
Speaker 3: Alkimai sees fiscal year revenue four point forty five billion
Speaker 3: to four point fifty three billion. It had seen four
Speaker 3: forty five billion to four to fifty five billions. So
Speaker 3: maybe just raining in barely the top end c third
Speaker 3: quarter just at EPs of a bucks sixty to a
Speaker 3: dollar eighty. The street estimate is a dollar seventy. So
Speaker 3: right in the middle of that range you can see
Speaker 3: Akamai shares perhaps some disappointment here, down about eight percent
Speaker 3: to say the least second quarter. Looking backwards, a second
Speaker 3: quarter adjusted EPs just a penny better, a dollar fifty
Speaker 3: nine a share. Second quarter revenue in line one point
Speaker 3: one billion. Again that was the street estimate. So maybe
Speaker 3: remain investors who have pushed up this share price are
Speaker 3: looking for more.
Speaker 1: May I'm been looking for more. There you see the
Speaker 1: shares down significantly. You know, tim, I'm looking at another
Speaker 1: stock right now, and that's trade desk. We'll share getting
Speaker 1: killed right now. What's going on?
Speaker 4: Yeah, they are shares down about fifteen percent in the
Speaker 4: after hour second quarter adjusted EPs miss estimates. I mean,
Speaker 4: going into this print, the ad tech company shares, we're
Speaker 4: under pressure, down more than fifty percent so far this year.
Speaker 4: That third quarter outlook coming in below estimates. Listen to
Speaker 4: listen to this trade desk sees third quarter revenue of
Speaker 4: at least six hundred and fifty million. The estimate was
Speaker 4: for eight hundred and eight point four million. From an
Speaker 4: earnings perspective, the company sees or the company second quarter
Speaker 4: revenue came in below estimates too, rather at seven hundred
Speaker 4: and fifteen million dollars. The estimus for seven hundred and
Speaker 4: fifty million dollars, So a miss looking backward and a
Speaker 4: miss also looking forward. Shoes down seventeen percent.
Speaker 3: All right, guys, let's go to Airbnb. It two is
Speaker 3: crossing the Bloomberg terminal as we speak, bringing up the
Speaker 3: ticker here and you've got again let's go to the
Speaker 3: outlook like to go there. Company sees third quarter revenue
Speaker 3: four point sixty nine billion to four point seventy seven billion.
Speaker 3: Street estimate is four point six billion, so raising certainly
Speaker 3: the estimate the range. Their stock is right now up
Speaker 3: about two point nine percent here in the after market.
Speaker 3: The company going backwards second quarter EPs that was a
Speaker 3: dollar thirty seven versus a dollar three year over year.
Speaker 3: The company also saying it sees fiscal year adjusted EBITA
Speaker 3: margin at least thirty five point five percent, slightly higher
Speaker 3: than the street estimate of thirty five point four percent.
Speaker 3: Second quarter again now going backward, sorry as the numbers
Speaker 3: cross here. Second quarter revenue was three point sixty one billion.
Speaker 3: That's a little bit higher, remain than what the street
Speaker 3: was expecting. It was three point fifty eight billion. Again,
Speaker 3: and Poster's liking it initially up more than two and
Speaker 3: a half percent.
Speaker 1: Put this up against the backdrop of what we learned
Speaker 1: the other day from Expedia and Booking Holdings, and of
Speaker 1: course we heard from the airlines a couple of weeks ago,
Speaker 1: and it does seem that overall the travel sector, certainly
Speaker 1: here in the US, has held up pretty well.
Speaker 2: Yeah.
Speaker 3: Airbnb also, I mean this optimistic outlook I'm just looking
Speaker 3: at our Natalie Lung putting it right through on the
Speaker 3: Blueberg terminal. Airbnb is optimistic outlooks suggesting that travel demand
Speaker 3: remains healthy. Overall nights and seats book jumping ten percent
Speaker 3: to one hundred and forty eight point three million tim
Speaker 3: in the second quarter.
Speaker 4: Yeah, I'm just going through their investor letter right now.
Speaker 4: The company says one of the most encouraging trends in
Speaker 4: the second quarter was that it saw a year over
Speaker 4: year growth accelerate, not just in the expansion markets, but
Speaker 4: in many of our largest core markets as well. Net
Speaker 4: origin knights booked in the US, France, the UK, and
Speaker 4: Australia all accelerated in the second quarter. Airbnb says it
Speaker 4: reinforces our confidence that our product innovation is driving demand
Speaker 4: across our business. To your point, Romain, is it just
Speaker 4: it's not just an Airbnb store.
Speaker 1: Yeah, I think that's what I was trying to get
Speaker 1: at here, whether this is something specific or whether this
Speaker 1: is more sort of an industry all wide thing. We're
Speaker 1: getting quite a few other earnings, including from Dropbox and
Speaker 1: also from Lift. Lift shares looks like they're bouncing around here.
Speaker 1: In the after hours trade. Two qeps pretty much in
Speaker 1: line with estimates at thirteen cents a share, growth bookings
Speaker 1: five point five billion. The street was looking for five
Speaker 1: point three seven billion, so a bit of a smidge
Speaker 1: quite above that rides also slightly above as well. For
Speaker 1: your guidance for the current quarter. The third quarter adjusted
Speaker 1: EPs arrange one eighty three to two oh three the
Speaker 1: street on average looking for one ninety two. I'm rounding
Speaker 1: up there. And for the U and for the third
Speaker 1: quarter gross bookings, the company sees about five point five
Speaker 1: to five point six seven billion dollars there, and you
Speaker 1: can see lift shares now up about seven percent.
Speaker 3: All right, guys, Let's get to Sweet Green also, which
Speaker 3: of course has been under pressure concerns about Lettuce and
Speaker 3: that has certainly put pressure on this name and others.
Speaker 3: Second quarter results revenue one hundred and ninety two point
Speaker 3: seven million, That is a little light. The Bloomberg consensus
Speaker 3: estimate was for one hundred and ninety five million dollars
Speaker 3: adjusted EBIT, a loss of eighteen since here the estimate
Speaker 3: profit was for six eighteen Let me make sure I've
Speaker 3: got these numbers right forgive me as they go through them. Yeah,
Speaker 3: So second quarter adjusted EBITA loss point two million versus
Speaker 3: an estimated estimated profit of six point eighteen million. So
Speaker 3: that's stacked, not surprise, see it down right now about
Speaker 3: nine percent tim here in the aftermarket.
Speaker 4: Yeah, and updated outlook as a result of what the
Speaker 4: company says is reflects reduced consumer demand for fresh prepared
Speaker 4: foods due to the multi state outbreak of cyclospora asis
Speaker 4: since mid July. The pace and timing of recovery remain uncertain.
Speaker 4: For fiscally your twenty twenty six, they now anticipate the
Speaker 4: following same store sales change between eight percent to seven
Speaker 4: percent restaurant level profit margin of ten point five to
Speaker 4: eleven percent. They are also are unclear about when there's
Speaker 4: some sort of recovery heromain. We've seen the story play
Speaker 4: out with other outbreaks of food born illnesses, but this
Speaker 4: one's a little bit different given how difficult it is
Speaker 4: to replicate in a lab because it's on such perishable items.
Speaker 1: And there's a big issue here also just about communication
Speaker 1: and what the public knows or don't know, and the
Speaker 1: idea of who you actually trust. And it has a
Speaker 1: lot of people just trying to avoid any kind of
Speaker 1: raw vegetables at restaurants. And we've talked about this a lot. Obviously,
Speaker 1: it was first you that kind of took the brunt
Speaker 1: of it. There was a privately held salad chain that
Speaker 1: just filed for Chapter eleven bankruptcy protection, saying that it
Speaker 1: was already having issues, but the cyclist for our outbreak
Speaker 1: kind of exacerbated that. So something we'll have to keep
Speaker 1: an eye on here as to whether there is any
Speaker 1: sort of meaningful drop in foot traffic. Remember the outbreak
Speaker 1: or at least the public awareness of this outbreak kind
Speaker 1: of came towards the end of the quarter so or
Speaker 1: actually came after the end of the quarter in July,
Speaker 1: so it won't probably be reflected in the three months past.
Speaker 1: Can I do tilio please?
Speaker 2: Yeah?
Speaker 1: Yeah, I'm really into the stock because it is, you know,
Speaker 1: the aware of the Internet. It's eleven percent right now,
Speaker 1: Tim Centevik, pretty decent numbers for the quarter. Expectations were
Speaker 1: high and the company did manage to beat them. One
Speaker 1: forty seven is your adjusted EPs number. That was a beat.
Speaker 1: One point five billion dollars that was your revenue, that
Speaker 1: is a beat. And the guidance going forward, the company
Speaker 1: says that full year adjusted operating income will be one
Speaker 1: point one foward to one point one six, relatively in
Speaker 1: line with estimates, and organic revenue growth will be about
Speaker 1: thirteen to thirteen and a half percent.
Speaker 3: All right, Just watching some of these stocks in the aftermarket.
Speaker 3: As you mentioned, Romaine Twilio is up about twelve percent.
Speaker 3: You've got Instacart up about twelve percent as we speak.
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