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Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.

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Speaker 2: Stock Movers podcast, your roundup of companies making moves in

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Speaker 2: the stock market, harnessing the power of Bloomberg Data.

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Speaker 3: Let's take a look at some of the stocks in

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Speaker 3: the move today. I'm alex See alongside Paul Sweeney. We're

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Speaker 3: joined now by Bloomberg's Christine Aquino. You're looking at Microchip.

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Speaker 3: What's going on with Microchip?

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Speaker 1: Looking at Microchip, alex that's having a good day today.

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Speaker 1: Currently the stock is more than thirteen percent, so extending

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Speaker 1: those gains from the open, and that's because we did

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Speaker 1: get the fourth quarter results after the belt on Thursday,

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Speaker 1: just at EPs slightly beating the estimates there eleven cents

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Speaker 1: versus ten cents estimate, and we also saw net sales

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Speaker 1: that were also slightly above forecasts. But we're down twenty

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Speaker 1: seven percent year and year. But the chips manufacturer did

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Speaker 1: highlight a silver lining. They say that the fourth quarter

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Speaker 1: quote marks the bottom of this prolonged industry down cycle.

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Speaker 1: And analysis Evercore are still raiding the stock outperform and

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Speaker 1: say that the company is exiting an inventory correction and

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Speaker 1: entering a restocking cycle.

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Speaker 3: That's interesting, that's always important when it comes to those

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Speaker 3: chip guys not doing so well though today is Expedia exactly.

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Speaker 1: Expedia down just over seven percent at the moment, pairing

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Speaker 1: earlier losses at the open of as much as twelve percent,

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Speaker 1: and that's because the travel outlook for this company specifically

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Speaker 1: is not looking great. They did cut their full year

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Speaker 1: outlook for gross bookings and revenue. First quarter results awesomest estimates,

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Speaker 1: and you know, they were highlighting that there was weaker

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Speaker 1: than expected domestic and inbound travel. A lot of that

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Speaker 1: apparently potentially related to the near thirty percent decline in

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Speaker 1: inbound bookings from Canada, which contributed to a seven percent

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Speaker 1: drop in overall inbound travel to the US. Now we

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Speaker 1: did hear from booking in Airbnb kind of like comparable

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Speaker 1: companies for Expedia, both are those top estimates for the

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Speaker 1: first quarter results, but they also issued weaker an expected

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Speaker 1: second quarter griidence.

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Speaker 4: Bucket list item I just decided last night Kentucky Derby, ooh,

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Speaker 4: that's a good one. And we just had our person

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Speaker 4: come back to those it's not cheap to it is expensive.

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Speaker 1: How much are we talking here.

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Speaker 4: Just to get just the nose in the door without airfare.

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Speaker 4: The cheapest option was four thousand.

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Speaker 3: Whoa per person. Wow, and that doesn't count the hat, right, it's.

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Speaker 1: Three days, I mean, oh, it's three days.

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Speaker 4: Yeah, but it's we'll think about it.

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Speaker 3: I'll think about I mean, but that's why, that's why

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Speaker 3: it's bucket bucket every day occurrence. Let's wrap it up

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Speaker 3: here with CrowdStrike.

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Speaker 1: Look at CrowdStrike today, down more than two percent at

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Speaker 1: the moment, and those shares are declining after a Blueberg

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Speaker 1: News exclusive report that US prosecutors and regulators are investigating

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Speaker 1: a thirty two million deal between CrowdStrike and a tech distributor,

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Speaker 1: and the transaction was apparently due to a deal to

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Speaker 1: supply software to the i r S the internal service

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Speaker 1: but apparently the iras never purchased or received products, according

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Speaker 1: to our sources, and so investigators are now questioning former employees,

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Speaker 1: and they've also obtained internal Crowdstrek records. I'm sure our

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Speaker 1: reporters are all over to story, so keep an i

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Speaker 1: out four more exclusives from that team.

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Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 2: making news on Wall Street and for the latest market

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Speaker 2: moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube,

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