1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News. 2 00:00:09,880 --> 00:00:13,320 Speaker 2: This is the closing bell on the stock movers report 3 00:00:13,560 --> 00:00:16,520 Speaker 2: the company's making moves at the close of US trading 4 00:00:16,760 --> 00:00:21,319 Speaker 2: with Carol Masser, Tim Stenebeck, Romain Bostick and Scarlet Food. 5 00:00:22,480 --> 00:00:24,600 Speaker 3: All right, we do have some earnings crossing the wire 6 00:00:24,680 --> 00:00:28,280 Speaker 3: right now. This coming from Booking Holdings. Here and here 7 00:00:28,320 --> 00:00:30,680 Speaker 3: are some of the headlines. Third quarter adjusted EBDA coming 8 00:00:30,720 --> 00:00:32,800 Speaker 3: in at four point two to three billion dollars. That 9 00:00:33,040 --> 00:00:35,600 Speaker 3: is a beat for booking, at least on that line item. 10 00:00:35,640 --> 00:00:38,520 Speaker 3: The estimate had been for four billion dollars. Third quarter 11 00:00:38,600 --> 00:00:42,320 Speaker 3: gross bookings coming in at forty nine point seven billion dollars. 12 00:00:42,320 --> 00:00:44,919 Speaker 3: That's also a beat of expectations that were just a 13 00:00:44,920 --> 00:00:49,120 Speaker 3: hair below forty eight billion dollars. And the nights sold 14 00:00:49,120 --> 00:00:50,960 Speaker 3: when it comes to the third quarter, the room nights 15 00:00:50,960 --> 00:00:54,240 Speaker 3: sold coming in at three hundred and twenty three million. 16 00:00:54,280 --> 00:00:55,880 Speaker 4: That is also ahead of expectations. 17 00:00:55,880 --> 00:00:58,120 Speaker 3: You can see the after hours trade, though not too 18 00:00:58,240 --> 00:01:00,480 Speaker 3: much reaction yet. We'll have to parse through that, but 19 00:01:00,560 --> 00:01:02,880 Speaker 3: again a beat when it comes to adjustin Viada. 20 00:01:03,040 --> 00:01:05,440 Speaker 5: All right, guys, let's as we wait for some more earnings. 21 00:01:05,480 --> 00:01:08,319 Speaker 5: Just a couple of the big outperformers in today's session, 22 00:01:08,319 --> 00:01:11,440 Speaker 5: PayPal at its highs up almost thirteen percent, finishing the 23 00:01:11,480 --> 00:01:13,560 Speaker 5: day with a gain of about four percent, a top 24 00:01:13,560 --> 00:01:15,679 Speaker 5: gainer in both the S and P five hundred Nasdaq 25 00:01:15,720 --> 00:01:18,600 Speaker 5: one hundred company raising its full year earnings guidance and 26 00:01:18,640 --> 00:01:20,880 Speaker 5: announced to tie up with open Ai to embed its 27 00:01:20,880 --> 00:01:24,800 Speaker 5: digital wallet into Chat GBT, sending it shares up the 28 00:01:24,840 --> 00:01:28,160 Speaker 5: most in more than six months. So a big deal there, Nokia. 29 00:01:28,240 --> 00:01:32,240 Speaker 5: Speaking of deals, thank you very much in Vidia. We 30 00:01:32,280 --> 00:01:35,520 Speaker 5: did see Nokia ADRs that train the US soaring in 31 00:01:35,560 --> 00:01:38,720 Speaker 5: today's session, up about twenty two percent, and Vidia planning 32 00:01:38,760 --> 00:01:42,480 Speaker 5: to make a one billion dollar equity investment in Nokia. That's, 33 00:01:42,600 --> 00:01:45,160 Speaker 5: as we have reported out, kind of a vindication that 34 00:01:45,520 --> 00:01:49,920 Speaker 5: Nokia's pivot from Mobile Networking Kit into AI by the 35 00:01:49,960 --> 00:01:53,040 Speaker 5: sector's king maker. I mean, listen, that is a big 36 00:01:53,200 --> 00:01:56,720 Speaker 5: endorsement from Nvidia for Nokia and then UPS just want 37 00:01:56,720 --> 00:01:57,280 Speaker 5: to point. 38 00:01:57,040 --> 00:01:57,440 Speaker 6: That one out. 39 00:01:57,520 --> 00:02:00,720 Speaker 5: Up almost eight percent in today's session, smashing Wall Street's 40 00:02:01,120 --> 00:02:04,240 Speaker 5: profit expectations. The company cutting costs. They have been on 41 00:02:04,480 --> 00:02:07,720 Speaker 5: that maneuver for a while. They cut thirty four thousand 42 00:02:07,760 --> 00:02:10,200 Speaker 5: jobs this year, which goes to what Romaine was talking 43 00:02:10,240 --> 00:02:12,120 Speaker 5: about earlier about the job cuts that we were seeing 44 00:02:12,120 --> 00:02:15,320 Speaker 5: at the company's closing owned buildings. 45 00:02:15,520 --> 00:02:17,639 Speaker 6: It's all this cost cutting initiative. 46 00:02:17,680 --> 00:02:19,400 Speaker 5: They expect to achieve three and a half billion in 47 00:02:19,440 --> 00:02:22,760 Speaker 5: total year over your cost savings in this year alone. 48 00:02:22,800 --> 00:02:24,280 Speaker 6: So Bester's liking that. 49 00:02:24,320 --> 00:02:27,639 Speaker 1: Can I just add an honorable mention? Wayfair twenty three 50 00:02:27,680 --> 00:02:31,480 Speaker 1: percent jump today, Carol Master highest best day. I should 51 00:02:31,480 --> 00:02:34,080 Speaker 1: point out going back to January of twenty twenty. I 52 00:02:34,120 --> 00:02:37,480 Speaker 1: heard you had the CEO on earlier today, right right, cfolks. 53 00:02:37,080 --> 00:02:40,800 Speaker 7: Yeah, Kay Giliver joined us for an extended conversation. She was, look, 54 00:02:40,960 --> 00:02:44,880 Speaker 7: this company absolutely surging this year. Remember it's a marketplace, 55 00:02:44,919 --> 00:02:48,960 Speaker 7: so they're not like actually seeing they don't have the inventory. Yeah, 56 00:02:49,000 --> 00:02:51,640 Speaker 7: they're just they're a marketplace that connects buyers and sellers. 57 00:02:52,040 --> 00:02:54,920 Speaker 7: But she's saying, you know, she's she's seeing, she's optimistic. 58 00:02:54,960 --> 00:02:57,760 Speaker 7: She's really optimistic, and she was obviously pleased with today's performance. 59 00:02:57,840 --> 00:03:00,240 Speaker 1: Yeah, I guess Carl Master has been buying a lot 60 00:03:00,240 --> 00:03:00,720 Speaker 1: of pillows. 61 00:03:00,800 --> 00:03:02,840 Speaker 7: Yeah, yeah, she's not allowed to buy anymore. 62 00:03:03,040 --> 00:03:04,880 Speaker 6: I'm not allowed to. My was like, there's no more 63 00:03:04,960 --> 00:03:05,720 Speaker 6: room on the bed. 64 00:03:08,040 --> 00:03:08,239 Speaker 1: There. 65 00:03:08,680 --> 00:03:09,239 Speaker 3: Watching show. 66 00:03:09,680 --> 00:03:11,120 Speaker 1: I don't know what it is with you women and pillow? 67 00:03:11,320 --> 00:03:13,000 Speaker 1: You got thirty eight pillows on my bed and I'm 68 00:03:13,000 --> 00:03:14,000 Speaker 1: only allowed to sleep. 69 00:03:13,800 --> 00:03:14,680 Speaker 4: On thirty eight. 70 00:03:15,320 --> 00:03:16,760 Speaker 6: I was like, don't touch them, don't touch it. 71 00:03:16,880 --> 00:03:18,320 Speaker 1: I know, it's like what and the only one I'm 72 00:03:18,360 --> 00:03:21,440 Speaker 1: allowed to touch is like the worst pillows? 73 00:03:21,480 --> 00:03:22,120 Speaker 3: So true. 74 00:03:22,240 --> 00:03:25,400 Speaker 7: Okay, let's go to some of the decliners before we 75 00:03:25,440 --> 00:03:27,240 Speaker 7: get some more earnings. Guys, well you have. 76 00:03:27,320 --> 00:03:30,440 Speaker 4: Katie, I actually have four on my bed, which is interesting. 77 00:03:30,639 --> 00:03:31,720 Speaker 1: You got to step it out, spar. 78 00:03:31,520 --> 00:03:33,240 Speaker 5: It's only been married a little bit, right, like a 79 00:03:33,280 --> 00:03:34,680 Speaker 5: few years, married like eight years. 80 00:03:34,680 --> 00:03:37,240 Speaker 6: Oh well, come on, step up your game, girl, all right, 81 00:03:37,360 --> 00:03:37,760 Speaker 6: all right. 82 00:03:38,000 --> 00:03:40,440 Speaker 7: Jeff Blue shares falling close to twelve percent today. The 83 00:03:40,720 --> 00:03:43,360 Speaker 7: company talked about the challenges that it would have through 84 00:03:43,400 --> 00:03:46,760 Speaker 7: the holiday travel season, rising fuel prices, hurricane and US 85 00:03:46,840 --> 00:03:50,560 Speaker 7: government shutdown. Executives, though said demand for premium offerings is 86 00:03:50,600 --> 00:03:54,119 Speaker 7: stronger compared with the main cabin his air travel rebounds. Investors, 87 00:03:54,120 --> 00:03:57,920 Speaker 7: though growing impatient with executives' ability to meet cost cutting 88 00:03:57,920 --> 00:04:00,560 Speaker 7: targets once again, Jet Blue down about twelve percent, and 89 00:04:00,600 --> 00:04:03,520 Speaker 7: then watching what happened with a couple gaming stocks today, 90 00:04:03,600 --> 00:04:06,520 Speaker 7: A DraftKings down five and a half percent Flutter Entertainment. 91 00:04:06,800 --> 00:04:10,600 Speaker 7: It's the parent company of excuse Ye, parent company of FanDuel. 92 00:04:10,640 --> 00:04:14,640 Speaker 7: Down three percent. Those companies extended acline following a Bloomberg 93 00:04:14,680 --> 00:04:17,880 Speaker 7: report that Polymarket is preparing to return to the US 94 00:04:18,160 --> 00:04:20,760 Speaker 7: in the coming weeks to focus on sports betting. But 95 00:04:20,839 --> 00:04:24,120 Speaker 7: shares were already down because Trump Media and Technology set 96 00:04:24,120 --> 00:04:26,760 Speaker 7: it plans to make prediction contracts available on its truth 97 00:04:26,800 --> 00:04:29,560 Speaker 7: social network that's called or will be called truth Predict, 98 00:04:29,600 --> 00:04:32,320 Speaker 7: which is interesting because there are other companies out there 99 00:04:32,320 --> 00:04:34,839 Speaker 7: that do this, but they have relationships with the Trump 100 00:04:34,839 --> 00:04:38,440 Speaker 7: family already, like call She and poly Market as well, 101 00:04:38,520 --> 00:04:40,680 Speaker 7: so it's getting a little crowded when it comes to 102 00:04:40,760 --> 00:04:44,920 Speaker 7: those predictions. And finally, VF Corp. Down twelve point two percent, 103 00:04:45,760 --> 00:04:48,520 Speaker 7: biggest intra day decline going back months. The north Face 104 00:04:48,560 --> 00:04:51,560 Speaker 7: and Vans owner issued third quarter adjusted operating guidance that 105 00:04:51,640 --> 00:04:55,640 Speaker 7: missed the consensus expectations. Shares once again down twelve point 106 00:04:55,640 --> 00:04:56,159 Speaker 7: two percent. 107 00:04:57,120 --> 00:04:58,800 Speaker 1: All right, I just let's do a quick check on 108 00:04:58,880 --> 00:05:00,680 Speaker 1: yield here. I mean, they actually went nowhere. But I 109 00:05:00,720 --> 00:05:02,359 Speaker 1: really just want to use this as an excuse to 110 00:05:02,360 --> 00:05:05,359 Speaker 1: remind everyone actually a FED meeting started today. I know 111 00:05:05,440 --> 00:05:10,040 Speaker 1: everyone was focused about fifteen twenty blocks away down in Washington, DC, 112 00:05:10,120 --> 00:05:12,760 Speaker 1: where Jensen Wong was giving that keynote address. But this 113 00:05:12,839 --> 00:05:14,760 Speaker 1: is a pretty pivotal meeting, not so much as to 114 00:05:14,800 --> 00:05:17,520 Speaker 1: what they do tomorrow, but what they telegraph here for 115 00:05:17,640 --> 00:05:20,279 Speaker 1: the potential rate cuts that could be ahead for the 116 00:05:20,320 --> 00:05:22,560 Speaker 1: rest of the year and into twenty twenty six. Here, 117 00:05:22,640 --> 00:05:24,400 Speaker 1: so a bit of a holding pattern as we wait 118 00:05:24,440 --> 00:05:26,680 Speaker 1: for that decision. Let's go back to earnings right now, 119 00:05:26,720 --> 00:05:29,320 Speaker 1: with Mandalize crossing the wire right now, all your fan 120 00:05:29,400 --> 00:05:32,640 Speaker 1: favorites there under that umbrella of the food company, including Oreos, 121 00:05:32,880 --> 00:05:35,480 Speaker 1: operating margin looks like it did come in above estimates. 122 00:05:35,480 --> 00:05:38,479 Speaker 1: Adjusted EPs also looked like it came in above estimates. 123 00:05:38,480 --> 00:05:40,599 Speaker 1: Seventy three cents a share the street was looking for 124 00:05:40,640 --> 00:05:43,640 Speaker 1: seventy one cents a share of the revenue, relatively in 125 00:05:43,760 --> 00:05:46,599 Speaker 1: line with estimates at nine point seventy four billion. That's 126 00:05:46,600 --> 00:05:49,360 Speaker 1: pretty much what the street was looking for there. Adjust 127 00:05:49,360 --> 00:05:51,680 Speaker 1: to gross margin though coming in light, and that might 128 00:05:51,720 --> 00:05:53,599 Speaker 1: be the reason why you're actually seeing the shares lower 129 00:05:53,640 --> 00:05:56,559 Speaker 1: in the after hours trade. Thirty percent adjusted gross margin. 130 00:05:56,600 --> 00:05:59,480 Speaker 1: The street was looking for about thirty three point one percent, 131 00:05:59,560 --> 00:06:02,279 Speaker 1: so almost a three percentage point difference here from what 132 00:06:02,320 --> 00:06:04,120 Speaker 1: they reported and what the street was looking for. 133 00:06:04,240 --> 00:06:06,120 Speaker 7: All right, we got more earnings crossing. I want to 134 00:06:06,160 --> 00:06:09,640 Speaker 7: start with EA reporting netbookings for the second quarter that 135 00:06:09,680 --> 00:06:13,760 Speaker 7: missed the average analyst estimate. I don't know, does do these? 136 00:06:13,880 --> 00:06:16,000 Speaker 7: The netbooks came in at one point eight two billion dollars. 137 00:06:16,080 --> 00:06:18,679 Speaker 7: The estimate was for one point eight eight billion dollars. 138 00:06:18,760 --> 00:06:21,560 Speaker 7: Total net revenue at one point eight four billion, the 139 00:06:21,640 --> 00:06:24,800 Speaker 7: estimus for one point eighty one billion. As you can imagine, 140 00:06:24,800 --> 00:06:27,520 Speaker 7: we're not seeing shares move that much in the after hours, 141 00:06:27,520 --> 00:06:30,880 Speaker 7: considering this transaction is in progress, but down about oh, 142 00:06:31,000 --> 00:06:33,080 Speaker 7: just ever so fractionally in the after hours. 143 00:06:33,240 --> 00:06:35,720 Speaker 5: All right, guys, let me just get two Frontier Communications 144 00:06:35,720 --> 00:06:38,400 Speaker 5: stock up about eight percent here in twenty twenty five, 145 00:06:39,360 --> 00:06:42,680 Speaker 5: front Deier third quarter revenue slight by one point fifty 146 00:06:42,680 --> 00:06:44,479 Speaker 5: five billion. The estimate on the street was one point 147 00:06:44,520 --> 00:06:47,440 Speaker 5: fifty four billion third quarter adjusted even a six hundred 148 00:06:47,440 --> 00:06:51,080 Speaker 5: and thirty seven million, That two was some outperformance in 149 00:06:51,160 --> 00:06:53,520 Speaker 5: terms of the number. Five ninety six point five million 150 00:06:53,839 --> 00:06:55,680 Speaker 5: was what the street was looking at for right now. 151 00:06:55,720 --> 00:06:58,320 Speaker 5: That stocks unchanged. So we'll look for some more headlines 152 00:06:58,320 --> 00:06:58,920 Speaker 5: on this one. 153 00:06:58,839 --> 00:07:01,760 Speaker 4: And let's also zoom in on Visa here, also reporting earnings. 154 00:07:01,760 --> 00:07:06,240 Speaker 3: Their fourth quarter adjusted EPs beat estimates that came in 155 00:07:06,279 --> 00:07:08,120 Speaker 3: at two dollars and ninety eight cents. 156 00:07:08,160 --> 00:07:09,280 Speaker 4: The estimate had been. 157 00:07:09,200 --> 00:07:11,720 Speaker 3: For two dollars and ninety seven cents, So a very 158 00:07:11,760 --> 00:07:13,760 Speaker 3: slight beat there, and then you take a look at 159 00:07:13,800 --> 00:07:15,840 Speaker 3: some of the other headlines coming through. Fourth quarter net 160 00:07:15,880 --> 00:07:19,200 Speaker 3: revenue came in at ten point seven billion dollars, again 161 00:07:19,240 --> 00:07:22,800 Speaker 3: slightly ahead of estimates which were for about ten point 162 00:07:22,880 --> 00:07:24,440 Speaker 3: six billion dollars, so. 163 00:07:24,440 --> 00:07:25,920 Speaker 4: Very slight beats overall. 164 00:07:25,960 --> 00:07:28,360 Speaker 3: You can see that the stock not too much direction 165 00:07:28,440 --> 00:07:30,520 Speaker 3: right now, down slightly in after hours trade to the 166 00:07:30,600 --> 00:07:31,480 Speaker 3: tune about one percent. 167 00:07:31,560 --> 00:07:32,400 Speaker 7: Right now, Let's take. 168 00:07:32,280 --> 00:07:34,320 Speaker 1: A look at in Phase, a solar company whose stock 169 00:07:34,440 --> 00:07:37,000 Speaker 1: was down almost fifty percent year to date, coming in 170 00:07:37,040 --> 00:07:40,040 Speaker 1: today now moving lower in the after hours trade. For 171 00:07:40,760 --> 00:07:43,440 Speaker 1: the third quarter, adjusted EPs did beat ninety cents a 172 00:07:43,520 --> 00:07:45,840 Speaker 1: year the street was looking for sixty five cents on 173 00:07:45,960 --> 00:07:48,880 Speaker 1: average revenue though in the quarter also beat four hundred 174 00:07:48,880 --> 00:07:50,320 Speaker 1: and ten million. The street was looking for three to 175 00:07:50,320 --> 00:07:52,680 Speaker 1: sixty four. Here's your guidance. So the company says that 176 00:07:52,760 --> 00:07:55,480 Speaker 1: for the fourth quarter revenue will be in a range 177 00:07:55,480 --> 00:07:57,880 Speaker 1: of three hundred and ten to three hundred and fifty 178 00:07:57,920 --> 00:08:00,600 Speaker 1: million dollars the top end of that and just well 179 00:08:00,640 --> 00:08:03,480 Speaker 1: below the average street estimates for three hundred and eighty 180 00:08:03,520 --> 00:08:05,760 Speaker 1: one million. That does appear to be why you're seeing 181 00:08:05,800 --> 00:08:07,000 Speaker 1: some weakness in this year. 182 00:08:08,800 --> 00:08:13,040 Speaker 2: The Stockmovers Report from Bloomberg Radio. Check back with us 183 00:08:13,040 --> 00:08:15,840 Speaker 2: throughout the day for the latest roundup of companies making 184 00:08:15,920 --> 00:08:19,560 Speaker 2: news on Wall Street and for the latest market moving headlines. 185 00:08:19,760 --> 00:08:23,760 Speaker 2: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg 186 00:08:23,800 --> 00:08:26,880 Speaker 2: dot com, and on Applecarplay and Android Auto with the 187 00:08:26,920 --> 00:08:28,280 Speaker 2: Bloomberg Business app.