Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2: This is the closing bell on the stock movers report
Speaker 2: the company's making moves at the close of US trading
Speaker 2: with Carol Masser, Tim Stenebeck, Romain Bostick and Scarlet Food.
Speaker 3: All right, we do have some earnings crossing the wire
Speaker 3: right now. This coming from Booking Holdings. Here and here
Speaker 3: are some of the headlines. Third quarter adjusted EBDA coming
Speaker 3: in at four point two to three billion dollars. That
Speaker 3: is a beat for booking, at least on that line item.
Speaker 3: The estimate had been for four billion dollars. Third quarter
Speaker 3: gross bookings coming in at forty nine point seven billion dollars.
Speaker 3: That's also a beat of expectations that were just a
Speaker 3: hair below forty eight billion dollars. And the nights sold
Speaker 3: when it comes to the third quarter, the room nights
Speaker 3: sold coming in at three hundred and twenty three million.
Speaker 4: That is also ahead of expectations.
Speaker 3: You can see the after hours trade, though not too
Speaker 3: much reaction yet. We'll have to parse through that, but
Speaker 3: again a beat when it comes to adjustin Viada.
Speaker 5: All right, guys, let's as we wait for some more earnings.
Speaker 5: Just a couple of the big outperformers in today's session,
Speaker 5: PayPal at its highs up almost thirteen percent, finishing the
Speaker 5: day with a gain of about four percent, a top
Speaker 5: gainer in both the S and P five hundred Nasdaq
Speaker 5: one hundred company raising its full year earnings guidance and
Speaker 5: announced to tie up with open Ai to embed its
Speaker 5: digital wallet into Chat GBT, sending it shares up the
Speaker 5: most in more than six months. So a big deal there, Nokia.
Speaker 5: Speaking of deals, thank you very much in Vidia. We
Speaker 5: did see Nokia ADRs that train the US soaring in
Speaker 5: today's session, up about twenty two percent, and Vidia planning
Speaker 5: to make a one billion dollar equity investment in Nokia. That's,
Speaker 5: as we have reported out, kind of a vindication that
Speaker 5: Nokia's pivot from Mobile Networking Kit into AI by the
Speaker 5: sector's king maker. I mean, listen, that is a big
Speaker 5: endorsement from Nvidia for Nokia and then UPS just want
Speaker 5: to point.
Speaker 6: That one out.
Speaker 5: Up almost eight percent in today's session, smashing Wall Street's
Speaker 5: profit expectations. The company cutting costs. They have been on
Speaker 5: that maneuver for a while. They cut thirty four thousand
Speaker 5: jobs this year, which goes to what Romaine was talking
Speaker 5: about earlier about the job cuts that we were seeing
Speaker 5: at the company's closing owned buildings.
Speaker 6: It's all this cost cutting initiative.
Speaker 5: They expect to achieve three and a half billion in
Speaker 5: total year over your cost savings in this year alone.
Speaker 6: So Bester's liking that.
Speaker 1: Can I just add an honorable mention? Wayfair twenty three
Speaker 1: percent jump today, Carol Master highest best day. I should
Speaker 1: point out going back to January of twenty twenty. I
Speaker 1: heard you had the CEO on earlier today, right right, cfolks.
Speaker 7: Yeah, Kay Giliver joined us for an extended conversation. She was, look,
Speaker 7: this company absolutely surging this year. Remember it's a marketplace,
Speaker 7: so they're not like actually seeing they don't have the inventory. Yeah,
Speaker 7: they're just they're a marketplace that connects buyers and sellers.
Speaker 7: But she's saying, you know, she's she's seeing, she's optimistic.
Speaker 7: She's really optimistic, and she was obviously pleased with today's performance.
Speaker 1: Yeah, I guess Carl Master has been buying a lot
Speaker 1: of pillows.
Speaker 7: Yeah, yeah, she's not allowed to buy anymore.
Speaker 6: I'm not allowed to. My was like, there's no more
Speaker 6: room on the bed.
Speaker 1: There.
Speaker 3: Watching show.
Speaker 1: I don't know what it is with you women and pillow?
Speaker 1: You got thirty eight pillows on my bed and I'm
Speaker 1: only allowed to sleep.
Speaker 4: On thirty eight.
Speaker 6: I was like, don't touch them, don't touch it.
Speaker 1: I know, it's like what and the only one I'm
Speaker 1: allowed to touch is like the worst pillows?
Speaker 3: So true.
Speaker 7: Okay, let's go to some of the decliners before we
Speaker 7: get some more earnings. Guys, well you have.
Speaker 4: Katie, I actually have four on my bed, which is interesting.
Speaker 1: You got to step it out, spar.
Speaker 5: It's only been married a little bit, right, like a
Speaker 5: few years, married like eight years.
Speaker 6: Oh well, come on, step up your game, girl, all right,
Speaker 6: all right.
Speaker 7: Jeff Blue shares falling close to twelve percent today. The
Speaker 7: company talked about the challenges that it would have through
Speaker 7: the holiday travel season, rising fuel prices, hurricane and US
Speaker 7: government shutdown. Executives, though said demand for premium offerings is
Speaker 7: stronger compared with the main cabin his air travel rebounds. Investors,
Speaker 7: though growing impatient with executives' ability to meet cost cutting
Speaker 7: targets once again, Jet Blue down about twelve percent, and
Speaker 7: then watching what happened with a couple gaming stocks today,
Speaker 7: A DraftKings down five and a half percent Flutter Entertainment.
Speaker 7: It's the parent company of excuse Ye, parent company of FanDuel.
Speaker 7: Down three percent. Those companies extended acline following a Bloomberg
Speaker 7: report that Polymarket is preparing to return to the US
Speaker 7: in the coming weeks to focus on sports betting. But
Speaker 7: shares were already down because Trump Media and Technology set
Speaker 7: it plans to make prediction contracts available on its truth
Speaker 7: social network that's called or will be called truth Predict,
Speaker 7: which is interesting because there are other companies out there
Speaker 7: that do this, but they have relationships with the Trump
Speaker 7: family already, like call She and poly Market as well,
Speaker 7: so it's getting a little crowded when it comes to
Speaker 7: those predictions. And finally, VF Corp. Down twelve point two percent,
Speaker 7: biggest intra day decline going back months. The north Face
Speaker 7: and Vans owner issued third quarter adjusted operating guidance that
Speaker 7: missed the consensus expectations. Shares once again down twelve point
Speaker 7: two percent.
Speaker 1: All right, I just let's do a quick check on
Speaker 1: yield here. I mean, they actually went nowhere. But I
Speaker 1: really just want to use this as an excuse to
Speaker 1: remind everyone actually a FED meeting started today. I know
Speaker 1: everyone was focused about fifteen twenty blocks away down in Washington, DC,
Speaker 1: where Jensen Wong was giving that keynote address. But this
Speaker 1: is a pretty pivotal meeting, not so much as to
Speaker 1: what they do tomorrow, but what they telegraph here for
Speaker 1: the potential rate cuts that could be ahead for the
Speaker 1: rest of the year and into twenty twenty six. Here,
Speaker 1: so a bit of a holding pattern as we wait
Speaker 1: for that decision. Let's go back to earnings right now,
Speaker 1: with Mandalize crossing the wire right now, all your fan
Speaker 1: favorites there under that umbrella of the food company, including Oreos,
Speaker 1: operating margin looks like it did come in above estimates.
Speaker 1: Adjusted EPs also looked like it came in above estimates.
Speaker 1: Seventy three cents a share the street was looking for
Speaker 1: seventy one cents a share of the revenue, relatively in
Speaker 1: line with estimates at nine point seventy four billion. That's
Speaker 1: pretty much what the street was looking for there. Adjust
Speaker 1: to gross margin though coming in light, and that might
Speaker 1: be the reason why you're actually seeing the shares lower
Speaker 1: in the after hours trade. Thirty percent adjusted gross margin.
Speaker 1: The street was looking for about thirty three point one percent,
Speaker 1: so almost a three percentage point difference here from what
Speaker 1: they reported and what the street was looking for.
Speaker 7: All right, we got more earnings crossing. I want to
Speaker 7: start with EA reporting netbookings for the second quarter that
Speaker 7: missed the average analyst estimate. I don't know, does do these?
Speaker 7: The netbooks came in at one point eight two billion dollars.
Speaker 7: The estimate was for one point eight eight billion dollars.
Speaker 7: Total net revenue at one point eight four billion, the
Speaker 7: estimus for one point eighty one billion. As you can imagine,
Speaker 7: we're not seeing shares move that much in the after hours,
Speaker 7: considering this transaction is in progress, but down about oh,
Speaker 7: just ever so fractionally in the after hours.
Speaker 5: All right, guys, let me just get two Frontier Communications
Speaker 5: stock up about eight percent here in twenty twenty five,
Speaker 5: front Deier third quarter revenue slight by one point fifty
Speaker 5: five billion. The estimate on the street was one point
Speaker 5: fifty four billion third quarter adjusted even a six hundred
Speaker 5: and thirty seven million, That two was some outperformance in
Speaker 5: terms of the number. Five ninety six point five million
Speaker 5: was what the street was looking at for right now.
Speaker 5: That stocks unchanged. So we'll look for some more headlines
Speaker 5: on this one.
Speaker 4: And let's also zoom in on Visa here, also reporting earnings.
Speaker 3: Their fourth quarter adjusted EPs beat estimates that came in
Speaker 3: at two dollars and ninety eight cents.
Speaker 4: The estimate had been.
Speaker 3: For two dollars and ninety seven cents, So a very
Speaker 3: slight beat there, and then you take a look at
Speaker 3: some of the other headlines coming through. Fourth quarter net
Speaker 3: revenue came in at ten point seven billion dollars, again
Speaker 3: slightly ahead of estimates which were for about ten point
Speaker 3: six billion dollars, so.
Speaker 4: Very slight beats overall.
Speaker 3: You can see that the stock not too much direction
Speaker 3: right now, down slightly in after hours trade to the
Speaker 3: tune about one percent.
Speaker 7: Right now, Let's take.
Speaker 1: A look at in Phase, a solar company whose stock
Speaker 1: was down almost fifty percent year to date, coming in
Speaker 1: today now moving lower in the after hours trade. For
Speaker 1: the third quarter, adjusted EPs did beat ninety cents a
Speaker 1: year the street was looking for sixty five cents on
Speaker 1: average revenue though in the quarter also beat four hundred
Speaker 1: and ten million. The street was looking for three to
Speaker 1: sixty four. Here's your guidance. So the company says that
Speaker 1: for the fourth quarter revenue will be in a range
Speaker 1: of three hundred and ten to three hundred and fifty
Speaker 1: million dollars the top end of that and just well
Speaker 1: below the average street estimates for three hundred and eighty
Speaker 1: one million. That does appear to be why you're seeing
Speaker 1: some weakness in this year.
Speaker 2: The Stockmovers Report from Bloomberg Radio. Check back with us
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