Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market. Harnessing the power of Bloomberg Data.
Speaker 1: Let's take a look at some stocks on the move today.
Speaker 1: Nathan Hager, joined by Bloomberg's Alexis christoffers on a very
Speaker 1: busy earnings morning, but a lot of the focus still
Speaker 1: is on the big company that reported after the close
Speaker 1: last night, the first earnings report from SpaceX, and the
Speaker 1: stock is plunging. Good morning, Good morning, Nathany.
Speaker 3: Investors are punishing SpaceX as stock is down about twelve
Speaker 3: percent here in the pre market. I also want to
Speaker 3: note it is down forty two percent from the peak
Speaker 3: it hit on June sixteenth, so results on both the
Speaker 3: top and bottom lines are better than expected, but investors
Speaker 3: are focusing on higher than expected spending on its artificial
Speaker 3: intelligence business. SpaceX reported revenue of seven point eight billion dollars.
Speaker 3: It lost less money than expected nine cents to share
Speaker 3: the street was looking for twenty four cents, and CEO
Speaker 3: Elon Musk telling analysts he expects the cadence of AI
Speaker 3: development to improve dramatically. He says SpaceX could reach one
Speaker 3: hundred billion dollar annual run rate revenue by year's end.
Speaker 3: But you know what, Nathan, more volatility could be in store.
Speaker 3: You've got more than one hundred billion dollars worth of
Speaker 3: stock becoming eligible for sale. That lock up period is
Speaker 3: going to expire this Thursday, potentially putting more downward pressure on.
Speaker 1: The stock and talking of volatility, and could say the
Speaker 1: same for advanced micro devices this morning.
Speaker 3: Yeah, it's been a high flyer. I mean, up one
Speaker 3: hundred and forty two percent here to date, but here
Speaker 3: in the pre market it is down nine percent. The
Speaker 3: ship maker reporting its fifth consecutive quarter of record sales
Speaker 3: of its bread and butter processors. You know, as the
Speaker 3: rise of AI agents continues to drive this unprecedented wave
Speaker 3: of demand. Revenue from data centers alone doubled over the
Speaker 3: last year to a record six point seven billion dollars,
Speaker 3: representing fifty eight percent of AMD's total revenue. Now, CEO
Speaker 3: Lisa Sue has secured multi year partnerships to supply chips
Speaker 3: to Open AI, Meta and Anthropic, But it looks like
Speaker 3: investors are focusing on Elon Musk, saying his SpaceX will
Speaker 3: only buy chips from Nvidia and We've.
Speaker 1: Got some more big names reporting earnings this morning, some
Speaker 1: more positive results. Let's start off with what we got
Speaker 1: from the Walt Disney Company.
Speaker 3: Investors like what they hear from. Disney stock is up
Speaker 3: four percent here pre market. Third quarter revenue up seven
Speaker 3: percent to twenty five point two billion. This was driven
Speaker 3: by its theme parks and cruise division and the box
Speaker 3: office success of Toy Story five, which by I haven't
Speaker 3: seen yet, I am to get out there. Disney's earnings
Speaker 3: per share excluding some items rose to two six in
Speaker 3: the period, beating the average analyst estimates. Disney's film studio.
Speaker 3: In its flagship Disney Plus streaming service, profit rows sixty
Speaker 3: four percent there, driven by subscriptions and a double digit
Speaker 3: margin in the online video business. There are some warnings, though,
Speaker 3: Disney says the current quarter will be impacted by a
Speaker 3: disappointing performance of its live action Mowana remake and also
Speaker 3: softer than expected advertising for its US streaming platform. But
Speaker 3: it doesn't seem to be you know, throwing off investors
Speaker 3: this morning, and just.
Speaker 1: Time to talk about well, at least one of the
Speaker 1: companies in the health space that reported results.
Speaker 2: You want to do Eli, Lilly.
Speaker 3: Yeah, let's do it up nearly six percent. Revenue in
Speaker 3: the second quarter up forty eight percent, driven primarily by
Speaker 3: its weight loss drugs Munjarro and zep bound Eli. Lilly
Speaker 3: also boosting its revenue forecast for the full year. It
Speaker 3: now sees revenue coming in up between eighty five and
Speaker 3: eighty seven billion dollars. And by the way, adjusted earnings
Speaker 3: per share blue past estimates, they came in at eight
Speaker 3: thirty eight a share. The street was looking for six
Speaker 3: dollars thirty one cents. But just to give you an idea,
Speaker 3: Munjaro's revenue alone was near ten billion dollars and also
Speaker 3: helping the stock. R and D expenses up fourteen percent,
Speaker 3: but that was less than expected.
Speaker 2: Nason. This stock mover's report from Bloomberg Radio. Check back
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