Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: This is the closing bell on the stock mover's report
Speaker 2: the company's making moves at the close of US trading
Speaker 2: with Carol Masser, Tim Stenoveck, Romain Bostik, and Katie Greifel.
Speaker 3: All right, let's go to some specific stocks on the move.
Speaker 3: In fact, this one, we were breaking down the earnings
Speaker 3: after the close yesterday, and this was a top gainer
Speaker 3: in both the S and P and the Nasdaq one hundred.
Speaker 3: We're talking about Cadence Design Systems, finishing the day up
Speaker 3: about seven point six percent. The company reported forth quitter
Speaker 3: results that beat expectations. They gave an outlook that is
Speaker 3: seen as positive. Wall Street's been weighing in throughout the day.
Speaker 3: Morgan and Piper Sandler Morgan Stanley. That is in Piper
Speaker 3: Standler lowering the price targets on the stock, Rosenblatt upgrading
Speaker 3: the stock to a buy and raising its price targeted
Speaker 3: three sixty from three thirty five, stock closing at about
Speaker 3: three hundred and five dollars a share. Let's move on
Speaker 3: over to to wing Stop because that one. So that's
Speaker 3: my gift to you.
Speaker 2: Okay, you're welcome.
Speaker 3: Thank you all right, Wing Stop up about ten percent.
Speaker 3: It was up as much as twenty percent intra day.
Speaker 3: This is, of course, the restaurant chain specializing in chicken
Speaker 3: wings reported just at earnings per share and total domestic
Speaker 3: comp sales growth for the fourth quarter that beat consensus estimates.
Speaker 3: The results kind of a welcome surprise, if you will,
Speaker 3: after analysts had warned that the chain's heavy exposure to
Speaker 3: lower income, hispatic and younger consumers, groups that have pulled
Speaker 3: back the most un dining out, could weigh on results.
Speaker 3: But this one definitely an outperformer. And guys, we have
Speaker 3: some more earnings.
Speaker 4: We do two notes, so Wingstop just open and Hoboken,
Speaker 4: so that's huge. Also, we're getting door Dash earnings right now.
Speaker 4: They see first quarter marketplace be Government gov between thirty
Speaker 4: one billion dollars to thirty one point eight billion dollars.
Speaker 4: That is a red headline on the Bloomberg terminal. The
Speaker 4: estimate had been for thirty point seventy five billion dollars.
Speaker 4: When it comes to their fourth quarter EPs, it looks
Speaker 4: like that did miss estimate. It's pretty materially forty eight
Speaker 4: cents that was the figure for EPs for the fourth
Speaker 4: quarter the estimate had been four fifty five cents. When
Speaker 4: it comes to revenue, also a slight miss there. When
Speaker 4: it comes to the first quarter outlook for adjusted EPITAUS
Speaker 4: six hundred and seventy five million dollars to seven hundred
Speaker 4: and seventy five million dollars. That is a big range,
Speaker 4: and it's actually below the estimate of about eight hundred
Speaker 4: point one million dollars. You can see the shares reacting
Speaker 4: right now, currently lower by about five percent.
Speaker 5: Okay, I'm looking at shares the eBay. They're higher by
Speaker 5: about three point four percent. The company out with its
Speaker 5: latest results, but also some news it will buy de
Speaker 5: Pop from Etsy for about one point two billion dollars
Speaker 5: in cash. In addition to that, fourth quarter net revenue
Speaker 5: coming in at two point nine to seven billion that's
Speaker 5: above estimates of two point eighty seven billion dollars. Fourth
Speaker 5: quarter gross merchandise volume coming in above estimates, fourth quarter
Speaker 5: active buyers coming in above estimates. Fourth quarter adjusted EPs
Speaker 5: coming in just above estimates. The company did raise its
Speaker 5: dividend it match Bloomberg projections once again. Fourth quarter EPs
Speaker 5: from continued operations beating estimates. Shares hire by the after hours, ever,
Speaker 5: so slightly. The company sees first Quarternet revenue three billion
Speaker 5: to three point oh five billion dollars. That did beat
Speaker 5: estimates of two point seven nine billion dollars. And once again,
Speaker 5: the company's going to buy Deepop for METSI for about
Speaker 5: one point two billion dollars in cash.
Speaker 1: At some point we got to go back and talk
Speaker 1: about what the heck's going on with Etsy, but I
Speaker 1: do want to talk about moustlin Cores, the brewer maker
Speaker 1: out with the beer maker out. With its earnings right now,
Speaker 1: four Q net sales two point six six billion, relatively
Speaker 1: in line with estimates, maybe a smidge light from the
Speaker 1: two point seven billion dollar average of analyst estimates, but
Speaker 1: underlining underlying EPs did beat at a dollar twenty one
Speaker 1: to share. The street was looking for a dollar fifteen overall,
Speaker 1: though we should point out that sales were actually down
Speaker 1: by about three percent year over year, in line with expectations.
Speaker 1: But of course, this is a company that's been struggling
Speaker 1: a little bit here with a decline in alcohol consumption,
Speaker 1: particularly in certain sectors of the beer market.
Speaker 3: All right, guys, let's go to Carvana, which was on
Speaker 3: fire last year. We've seen a bit of a different
Speaker 3: trade this year, and I see the stock down about
Speaker 3: fifteen percent in the aftermarket. Yeah, exactly. Fourth quarter adjusted
Speaker 3: ebit a five hundred eleven million, that's a miss. Street
Speaker 3: was looking for five thirty five point seven and fourth
Speaker 3: quarter revenue five point six billion, that is above street estimates.
Speaker 3: And fourth quarter adjusted EBITA margin nine point one percent.
Speaker 3: That's a miss. The street was looking for ten point
Speaker 3: four percent. We'll look for some outlook on this one,
Speaker 3: but investors not please right now.
Speaker 1: That's short memsaus on this stock too, right.
Speaker 3: Right, So we're definitely going to see some movement there.
Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with
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