1 00:00:02,520 --> 00:00:07,040 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:09,920 --> 00:00:13,360 Speaker 2: This is the closing bell on this stock mover's report. 3 00:00:13,600 --> 00:00:16,560 Speaker 2: The company's making moves at the close of US trading 4 00:00:16,800 --> 00:00:21,159 Speaker 2: with Carol Masser, Tim Stenebeck, Romain Bostick, and Scarlett fo 5 00:00:22,560 --> 00:00:23,239 Speaker 2: to some of. 6 00:00:23,200 --> 00:00:26,680 Speaker 3: The individual gainers as we wait for earnings to cross 7 00:00:27,160 --> 00:00:30,880 Speaker 3: among some companies including Video Hey, Abercrombie and Fitch. Definitely 8 00:00:30,960 --> 00:00:34,320 Speaker 3: a standout thirty six percent at its inter day high, 9 00:00:34,360 --> 00:00:36,920 Speaker 3: finishing the day with about a fifteen percent gain first 10 00:00:37,000 --> 00:00:40,480 Speaker 3: quarter comp sales and adjusted EPs to top Concessu's s LS. 11 00:00:40,880 --> 00:00:43,319 Speaker 3: Hollister I know, well, Tim's been shopping there. I don't 12 00:00:43,320 --> 00:00:45,400 Speaker 3: know about you, but I'm. 13 00:00:45,880 --> 00:00:47,960 Speaker 4: No, no, I'm too old for Hollister now. He was 14 00:00:48,000 --> 00:00:50,159 Speaker 4: told by Mary lust Gilbert it was this was a 15 00:00:50,200 --> 00:00:50,600 Speaker 4: gen z. 16 00:00:51,200 --> 00:00:52,159 Speaker 5: Hollister's gen z. 17 00:00:53,520 --> 00:00:55,640 Speaker 3: So Tim, you're among friends, you can share. Well, she 18 00:00:55,680 --> 00:00:58,600 Speaker 3: got Carol Joby Aviation. Check this out, guys up twenty 19 00:00:58,720 --> 00:01:01,120 Speaker 3: nine percent, Toyota Motor and Housting two hundred and fifty 20 00:01:01,200 --> 00:01:02,639 Speaker 3: million in the company. 21 00:01:02,680 --> 00:01:04,520 Speaker 6: It's about a seven billion market cap. I didn't if 22 00:01:04,560 --> 00:01:04,959 Speaker 6: you know that. 23 00:01:05,280 --> 00:01:07,920 Speaker 3: By now, air taxi Maker completing the first half of 24 00:01:07,959 --> 00:01:10,480 Speaker 3: a previously announced five hundred million dollar commitment. So the 25 00:01:10,520 --> 00:01:13,960 Speaker 3: move makes Toyota the largest shareholder in Jobi and then 26 00:01:14,000 --> 00:01:17,040 Speaker 3: Veil Resorts. We broke down the earnings after the close yesterday, 27 00:01:17,120 --> 00:01:20,920 Speaker 3: folks up almost nine percent. Executive chair Rob Katz is 28 00:01:20,959 --> 00:01:23,800 Speaker 3: coming back to the company to the CEO post, succeeding 29 00:01:23,880 --> 00:01:26,480 Speaker 3: Kirsten Lynch, who has stepped down from the role. I mean, 30 00:01:26,600 --> 00:01:28,520 Speaker 3: we talked about this. Tim knows this company. We talked 31 00:01:28,520 --> 00:01:31,400 Speaker 3: about it yesterday. Investors took this as a big positive, 32 00:01:31,440 --> 00:01:32,280 Speaker 3: as this guy is. 33 00:01:32,280 --> 00:01:34,760 Speaker 6: Someone who has really kind of changed how you. 34 00:01:34,760 --> 00:01:36,480 Speaker 3: Look at some of the ski slopes, and of course 35 00:01:36,720 --> 00:01:39,400 Speaker 3: the epic pass introducing that, so kind of changing it 36 00:01:39,440 --> 00:01:41,800 Speaker 3: and maybe hoping to juice the company going forward. 37 00:01:41,920 --> 00:01:43,760 Speaker 4: All Right, some of the gainers as we do wait 38 00:01:43,840 --> 00:01:45,920 Speaker 4: in Nvidia numbers, I got some of the decliners. I 39 00:01:45,920 --> 00:01:48,400 Speaker 4: want to start with Octa, reporting out from the bill yesterday, 40 00:01:48,480 --> 00:01:49,360 Speaker 4: shares film more. 41 00:01:49,280 --> 00:01:51,280 Speaker 5: Than say I'm just going to arrest. Yeah, go ahead. 42 00:01:51,360 --> 00:01:54,920 Speaker 1: A salesforce's crossing the wire right now. The company reporting 43 00:01:54,960 --> 00:01:58,240 Speaker 1: first quarter adjusted operating income in line with estimates, about 44 00:01:58,240 --> 00:02:01,760 Speaker 1: three point one seven billion dollar sales overall two point 45 00:02:01,840 --> 00:02:03,560 Speaker 1: one to three. The street, on average was looking for 46 00:02:03,560 --> 00:02:06,400 Speaker 1: two point one six, so a modesmiths on the headline 47 00:02:06,440 --> 00:02:09,600 Speaker 1: sales number. Revenue still was up about seven point six 48 00:02:09,680 --> 00:02:12,480 Speaker 1: percent in the period adjusted EPs two dollars and fifty 49 00:02:12,480 --> 00:02:13,200 Speaker 1: eight cents a share. 50 00:02:13,240 --> 00:02:15,239 Speaker 5: That is a modest feed the street. 51 00:02:14,960 --> 00:02:17,120 Speaker 1: Was looking for about I'm sorry, I'm not sure what 52 00:02:17,160 --> 00:02:20,200 Speaker 1: the comparison is with the Street, but it's reported two 53 00:02:20,240 --> 00:02:23,040 Speaker 1: forty four in the year ago period. Here's your forecast 54 00:02:23,120 --> 00:02:25,519 Speaker 1: going forward, The company says fit for the full year, 55 00:02:25,520 --> 00:02:27,840 Speaker 1: it does see revenue of forty one to forty one 56 00:02:27,880 --> 00:02:31,400 Speaker 1: point three billion dollars. That's above its previous guidance of 57 00:02:31,480 --> 00:02:34,000 Speaker 1: forty point five to forty point nine, so a modest 58 00:02:34,040 --> 00:02:37,320 Speaker 1: bump up in its full year revenue forecast. Here the 59 00:02:37,360 --> 00:02:39,639 Speaker 1: company also saying that it sees no impact to its 60 00:02:39,680 --> 00:02:43,760 Speaker 1: full year guidance with regards to that Informatica deal, which 61 00:02:43,760 --> 00:02:46,079 Speaker 1: of course we reported a couple of days ago. 62 00:02:46,240 --> 00:02:48,400 Speaker 4: Yeah, share to the upside right now by about four percent, 63 00:02:48,440 --> 00:02:51,399 Speaker 4: bouncing around a little bit. Mark Benioff, Chair and CEO, saying, quill, 64 00:02:51,480 --> 00:02:55,240 Speaker 4: We've built a deeply unified enterprise AI platform with agents, 65 00:02:55,360 --> 00:02:59,840 Speaker 4: data apps, and a metadata platform that's unmatched in the industry. 66 00:03:00,160 --> 00:03:02,520 Speaker 4: Back to a couple more decliners as we do a 67 00:03:02,520 --> 00:03:05,600 Speaker 4: wait to hear from more companies reporting results after the 68 00:03:05,600 --> 00:03:09,880 Speaker 4: bell Octa falling sixteen percent. Stlantis also following today down 69 00:03:10,000 --> 00:03:13,000 Speaker 4: three percent. The company did come out and name Antonio 70 00:03:13,000 --> 00:03:16,800 Speaker 4: Felosa as its new CEO. Antonio Felosa a company vettering 71 00:03:16,919 --> 00:03:20,040 Speaker 4: with US experience. The attempt here will be to reverse 72 00:03:20,080 --> 00:03:22,960 Speaker 4: the company slump in the US market to an aging lineup, 73 00:03:23,040 --> 00:03:27,400 Speaker 4: model delays and pricing blunders. Bernstein said that there was 74 00:03:27,440 --> 00:03:29,920 Speaker 4: some disappointment, likely some disappointment that the board did not 75 00:03:30,000 --> 00:03:32,400 Speaker 4: choose an outsider, though Felosa is still seen as a 76 00:03:32,480 --> 00:03:35,480 Speaker 4: quote safe pair of hands and finally, game Stop falling 77 00:03:35,520 --> 00:03:38,600 Speaker 4: by about eleven percent today, the company did announce that 78 00:03:38,640 --> 00:03:42,080 Speaker 4: it bought more than forty seven hundred bitcoin. It's the 79 00:03:42,120 --> 00:03:45,160 Speaker 4: Seller's video game seller's first Bitcoin purchase after announced in 80 00:03:45,160 --> 00:03:48,760 Speaker 4: March that it plans to become a treasury reserve asset, 81 00:03:48,800 --> 00:03:51,680 Speaker 4: a cryptocurrency treasury reserve asset, following the model set out 82 00:03:51,680 --> 00:03:54,560 Speaker 4: by Michael Saylor over at the company formerly known as 83 00:03:54,600 --> 00:03:55,440 Speaker 4: micro Strategy. 84 00:03:55,640 --> 00:03:58,000 Speaker 7: Such a head scratcher, real quick check in on the 85 00:03:58,000 --> 00:04:00,400 Speaker 7: bond market, guys, we saw selling pretty muchcross cur but 86 00:04:00,440 --> 00:04:02,960 Speaker 7: pretty tame. The five year auction went down with not 87 00:04:03,040 --> 00:04:05,360 Speaker 7: a lot of fanfare, so you see the long end though, 88 00:04:05,400 --> 00:04:07,680 Speaker 7: just up by about three basis points. Going back to 89 00:04:07,720 --> 00:04:10,880 Speaker 7: Salesforce here, the company actually raising its full year revenue 90 00:04:10,920 --> 00:04:13,320 Speaker 7: guidance to the high end of forty one point three billion. 91 00:04:13,360 --> 00:04:16,400 Speaker 7: The company originally saw forty point nine billion on the 92 00:04:16,520 --> 00:04:19,280 Speaker 7: high end. They're also looking at a currency tailwind now 93 00:04:19,279 --> 00:04:21,760 Speaker 7: and they're taking a look at that guidance and some 94 00:04:21,839 --> 00:04:24,039 Speaker 7: interesting data when it comes to AI. They said that 95 00:04:24,120 --> 00:04:27,479 Speaker 7: cloud Data and AI annual recurring revenue is now over 96 00:04:27,520 --> 00:04:29,440 Speaker 7: a billion dollars, which is up more than one hundred 97 00:04:29,440 --> 00:04:31,440 Speaker 7: and twenty percent year on year. 98 00:04:31,600 --> 00:04:32,880 Speaker 5: And this gets to the idea too. 99 00:04:32,960 --> 00:04:34,599 Speaker 1: I mean, we were just talking on the Close Guys 100 00:04:34,600 --> 00:04:37,320 Speaker 1: a little while ago with Paul Christopher Wells Farb about 101 00:04:37,360 --> 00:04:40,080 Speaker 1: the investment opportunity. We heard this from Karen Murphy as well, 102 00:04:40,120 --> 00:04:42,400 Speaker 1: the idea that some of these large cap tech names 103 00:04:42,440 --> 00:04:44,960 Speaker 1: are in their view, not just growth stocks, but to 104 00:04:45,000 --> 00:04:47,680 Speaker 1: a certain degree defensive when they can consider how much 105 00:04:47,720 --> 00:04:49,960 Speaker 1: cash that they are able to throw off. And you 106 00:04:50,040 --> 00:04:52,880 Speaker 1: see right now, Cram up about five percent. 107 00:04:52,920 --> 00:04:54,960 Speaker 8: Scarlett, All right, let's go in the opposite direction from 108 00:04:55,040 --> 00:04:58,159 Speaker 8: tech to a consumer staple l beauty reporting results. And 109 00:04:58,200 --> 00:05:00,640 Speaker 8: we're looking at a fourth quarter justin EPs of seventy 110 00:05:00,640 --> 00:05:04,080 Speaker 8: eight cents, beating the consensus estimate by a nickel as 111 00:05:04,120 --> 00:05:06,560 Speaker 8: for revenue three hundred and thirty two million dollars, also 112 00:05:06,640 --> 00:05:08,960 Speaker 8: higher than what was anticipated, which was about three hundred 113 00:05:08,960 --> 00:05:09,839 Speaker 8: and twenty seven. 114 00:05:09,839 --> 00:05:10,840 Speaker 6: Point four million. 115 00:05:10,920 --> 00:05:15,279 Speaker 8: In addition, LFBD buying Road in a one billion dollar deal. 116 00:05:15,560 --> 00:05:18,840 Speaker 8: It's a definitive pact to buy Road. And we'll try 117 00:05:18,880 --> 00:05:21,039 Speaker 8: to get you more details on this, but for now 118 00:05:21,080 --> 00:05:24,360 Speaker 8: making a big m announcement in addition to beating us 119 00:05:24,040 --> 00:05:24,799 Speaker 8: in Hailey. 120 00:05:24,600 --> 00:05:27,880 Speaker 3: Bieber Hailey Bieber, and I think it too being shopped 121 00:05:27,920 --> 00:05:28,640 Speaker 3: around a little bit. 122 00:05:28,680 --> 00:05:30,200 Speaker 6: So interesting to see that they picked it. 123 00:05:30,200 --> 00:05:30,520 Speaker 5: Up, right. 124 00:05:30,560 --> 00:05:33,159 Speaker 3: And this is what we see with the major makeup companies, right, 125 00:05:33,720 --> 00:05:37,240 Speaker 3: whether it's Testy Lauder, whether it's all the other ones 126 00:05:37,279 --> 00:05:38,840 Speaker 3: that are out there. You know, they pick up these 127 00:05:38,880 --> 00:05:40,039 Speaker 3: smaller brands. 128 00:05:40,160 --> 00:05:42,279 Speaker 7: Hey guys, take a look at Synopsis here. So obviously 129 00:05:42,279 --> 00:05:45,440 Speaker 7: that stock got hit into earnings due to the ft 130 00:05:45,600 --> 00:05:48,720 Speaker 7: report that President Trump is ordering US chip software suppliers 131 00:05:48,720 --> 00:05:51,760 Speaker 7: to stop selling to China. In the actual numbers, though 132 00:05:52,320 --> 00:05:56,120 Speaker 7: taking a look at its second quarter adjusted earnings coming 133 00:05:56,160 --> 00:05:59,920 Speaker 7: in better than estimated. Their revenue also up ten percent. 134 00:06:00,240 --> 00:06:03,760 Speaker 7: Their full year adjusted earnings is also increased on that 135 00:06:03,880 --> 00:06:07,000 Speaker 7: high end. They still see their full year revenue a 136 00:06:07,080 --> 00:06:09,560 Speaker 7: little bit higher than estimated, so they reaffirm their full 137 00:06:09,600 --> 00:06:12,719 Speaker 7: year revenue guidance, and they increased their full year earnings guidance, 138 00:06:12,800 --> 00:06:15,960 Speaker 7: and they wound up beating on the second quarter. However, 139 00:06:16,839 --> 00:06:18,799 Speaker 7: you see the stock now sort of flat pre market, 140 00:06:18,839 --> 00:06:21,159 Speaker 7: not doing that much, but recouping some of that drama 141 00:06:21,640 --> 00:06:23,120 Speaker 7: that we saw into the close today. 142 00:06:23,200 --> 00:06:26,520 Speaker 3: All right, guys, we've got a software cybersecurity or security 143 00:06:26,560 --> 00:06:30,280 Speaker 3: software company just reporting. We're talking about Sentinel One, and 144 00:06:30,360 --> 00:06:32,760 Speaker 3: let's get right to the outlook. See second quarter revenue 145 00:06:32,800 --> 00:06:34,920 Speaker 3: of two hundred and forty two million, that's about three 146 00:06:34,920 --> 00:06:37,640 Speaker 3: million dollars, like the estimate on the street was two 147 00:06:37,720 --> 00:06:40,560 Speaker 3: hundred and forty five million. Also talking about fiscal year 148 00:06:40,800 --> 00:06:44,039 Speaker 3: revenue forecast nine hundred and ninety six million to a 149 00:06:44,160 --> 00:06:47,560 Speaker 3: billion dollars. It had seen numbers above that of one 150 00:06:47,600 --> 00:06:51,919 Speaker 3: point zero one billion dollars, so again that one was 151 00:06:52,040 --> 00:06:53,800 Speaker 3: a bit of a miss. It also proved a two 152 00:06:53,839 --> 00:06:56,200 Speaker 3: hundred million dollars share buyback program. But you can see 153 00:06:56,480 --> 00:06:59,400 Speaker 3: investors not to impress folks. The stock is down nine 154 00:06:59,440 --> 00:07:00,680 Speaker 3: percent here in the aftermarket. 155 00:07:00,680 --> 00:07:02,000 Speaker 5: All right, let's talk life sciences. 156 00:07:02,040 --> 00:07:04,680 Speaker 1: Adjilant And of course makes equipment for the biotech and 157 00:07:04,680 --> 00:07:06,960 Speaker 1: life sciences industry, as well as a lot of the 158 00:07:07,080 --> 00:07:10,160 Speaker 1: ingredients that go into pharmaceuticals. Net revenue coming in at 159 00:07:10,160 --> 00:07:12,360 Speaker 1: a beat one point sixty seven billion the street was 160 00:07:12,360 --> 00:07:15,520 Speaker 1: looking for one point sixty three adjusted EPs, also beating 161 00:07:15,560 --> 00:07:17,560 Speaker 1: one point three to one the street was looking for 162 00:07:17,640 --> 00:07:20,200 Speaker 1: one point twenty seven. Here's your guidance for the full year. 163 00:07:20,440 --> 00:07:23,000 Speaker 1: The company says that full year adjusted EPs will be 164 00:07:23,040 --> 00:07:25,400 Speaker 1: in the range of five dollars and fifty four cents 165 00:07:25,400 --> 00:07:28,040 Speaker 1: a share to five dollars and sixty one cents a share. 166 00:07:28,280 --> 00:07:30,720 Speaker 1: That's above the average of analyst estimates, which we're looking 167 00:07:30,720 --> 00:07:32,720 Speaker 1: for five point five to five, and says that for 168 00:07:32,760 --> 00:07:34,880 Speaker 1: the full year revenue will be in the range of 169 00:07:34,880 --> 00:07:37,280 Speaker 1: six point seven three billion to six point eight billion. 170 00:07:37,440 --> 00:07:39,480 Speaker 1: That's a bump up from the previous guidance that it 171 00:07:39,560 --> 00:07:41,320 Speaker 1: had given about a quarter ago. 172 00:07:41,520 --> 00:07:45,720 Speaker 4: Okay, speaking of life sciences, the cloud provider for life 173 00:07:45,720 --> 00:07:49,880 Speaker 4: science is Viva Systems. Up ten percent in the after hours. 174 00:07:49,880 --> 00:07:53,520 Speaker 4: The company boosted its fiscal year adjusted EPs forecast, first 175 00:07:53,560 --> 00:07:56,440 Speaker 4: quarter adjusted gross margin coming in above estimates too, at 176 00:07:56,440 --> 00:07:59,960 Speaker 4: seventy nine point two percent. First quarter adjusted operating in 177 00:08:00,120 --> 00:08:02,400 Speaker 4: come coming above in above estimates at three hundred and 178 00:08:02,440 --> 00:08:06,480 Speaker 4: fifty billion dollars. First quarter adjusted gross profit also beating 179 00:08:06,520 --> 00:08:10,280 Speaker 4: expectations at six hundred point eight million dollars. The company 180 00:08:10,280 --> 00:08:14,160 Speaker 4: does see second quarter revenue coming in between seven hundred 181 00:08:14,200 --> 00:08:16,240 Speaker 4: and sixty six million dollars to seven hundred and sixty 182 00:08:16,320 --> 00:08:19,160 Speaker 4: nine million dollars, beating estimates of seven hundred and fifty 183 00:08:19,160 --> 00:08:21,840 Speaker 4: point eight million dollars. Shares hired by about eleven percent 184 00:08:21,840 --> 00:08:22,360 Speaker 4: as we speak. 185 00:08:22,480 --> 00:08:25,840 Speaker 1: Meanwhile, a smaller AI company, C three AI is out 186 00:08:25,880 --> 00:08:28,440 Speaker 1: with its result in the headline here is actually an 187 00:08:28,600 --> 00:08:31,440 Speaker 1: expansion of a partnership that it's had with Baker Hughes. 188 00:08:31,640 --> 00:08:34,800 Speaker 1: They're expanding that joint venture through June of twenty twenty eight. 189 00:08:34,960 --> 00:08:37,520 Speaker 1: The company also reporting earnings. It looks like it's been 190 00:08:37,679 --> 00:08:40,360 Speaker 1: at they're beating on both the top and the bottom line. 191 00:08:40,400 --> 00:08:43,080 Speaker 1: Those shares of about fifteen percent in the after hour. 192 00:08:42,960 --> 00:08:48,520 Speaker 2: Straight this stock movers report from Bloomberg Radio. Check back 193 00:08:48,520 --> 00:08:50,760 Speaker 2: with us throughout the day For the latest roundup of 194 00:08:50,800 --> 00:08:54,120 Speaker 2: companies making news on Wall Street, and for the latest 195 00:08:54,120 --> 00:08:58,360 Speaker 2: market moving headlines. Listen to Bloomberg Radio Live, catch us 196 00:08:58,360 --> 00:09:01,720 Speaker 2: on YouTube, Bloomberg dot com, and on Apple CarPlay and 197 00:09:01,720 --> 00:09:03,800 Speaker 2: Android Auto with the Bloomberg Business 198 00:09:03,840 --> 00:09:08,760 Speaker 4: App mm HM