WEBVTT - Stock Movers: SPCX, DIS, LLY (Podcast)

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market. Harnessing the power of Bloomberg Data.

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<v Speaker 1>Let's take a look at some stocks on the move today.

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<v Speaker 1>Nathan Hager, joined by Bloomberg's Alexis christoffers on a very

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<v Speaker 1>busy earnings morning, but a lot of the focus still

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<v Speaker 1>is on the big company that reported after the close

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<v Speaker 1>last night, the first earnings report from SpaceX, and the

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<v Speaker 1>stock is plunging. Good morning, Good morning, Nathany.

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<v Speaker 3>Investors are punishing SpaceX as stock is down about twelve

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<v Speaker 3>percent here in the pre market. I also want to

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<v Speaker 3>note it is down forty two percent from the peak

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<v Speaker 3>it hit on June sixteenth, so results on both the

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<v Speaker 3>top and bottom lines are better than expected, but investors

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<v Speaker 3>are focusing on higher than expected spending on its artificial

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<v Speaker 3>intelligence business. SpaceX reported revenue of seven point eight billion dollars.

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<v Speaker 3>It lost less money than expected nine cents to share

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<v Speaker 3>the street was looking for twenty four cents, and CEO

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<v Speaker 3>Elon Musk telling analysts he expects the cadence of AI

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<v Speaker 3>development to improve dramatically. He says SpaceX could reach one

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<v Speaker 3>hundred billion dollar annual run rate revenue by year's end.

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<v Speaker 3>But you know what, Nathan, more volatility could be in store.

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<v Speaker 3>You've got more than one hundred billion dollars worth of

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<v Speaker 3>stock becoming eligible for sale. That lock up period is

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<v Speaker 3>going to expire this Thursday, potentially putting more downward pressure on.

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<v Speaker 1>The stock and talking of volatility, and could say the

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<v Speaker 1>same for advanced micro devices this morning.

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<v Speaker 3>Yeah, it's been a high flyer. I mean, up one

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<v Speaker 3>hundred and forty two percent here to date, but here

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<v Speaker 3>in the pre market it is down nine percent. The

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<v Speaker 3>ship maker reporting its fifth consecutive quarter of record sales

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<v Speaker 3>of its bread and butter processors. You know, as the

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<v Speaker 3>rise of AI agents continues to drive this unprecedented wave

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<v Speaker 3>of demand. Revenue from data centers alone doubled over the

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<v Speaker 3>last year to a record six point seven billion dollars,

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<v Speaker 3>representing fifty eight percent of AMD's total revenue. Now, CEO

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<v Speaker 3>Lisa Sue has secured multi year partnerships to supply chips

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<v Speaker 3>to Open AI, Meta and Anthropic, But it looks like

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<v Speaker 3>investors are focusing on Elon Musk, saying his SpaceX will

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<v Speaker 3>only buy chips from Nvidia and We've.

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<v Speaker 1>Got some more big names reporting earnings this morning, some

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<v Speaker 1>more positive results. Let's start off with what we got

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<v Speaker 1>from the Walt Disney Company.

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<v Speaker 3>Investors like what they hear from. Disney stock is up

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<v Speaker 3>four percent here pre market. Third quarter revenue up seven

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<v Speaker 3>percent to twenty five point two billion. This was driven

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<v Speaker 3>by its theme parks and cruise division and the box

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<v Speaker 3>office success of Toy Story five, which by I haven't

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<v Speaker 3>seen yet, I am to get out there. Disney's earnings

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<v Speaker 3>per share excluding some items rose to two six in

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<v Speaker 3>the period, beating the average analyst estimates. Disney's film studio.

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<v Speaker 3>In its flagship Disney Plus streaming service, profit rows sixty

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<v Speaker 3>four percent there, driven by subscriptions and a double digit

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<v Speaker 3>margin in the online video business. There are some warnings, though,

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<v Speaker 3>Disney says the current quarter will be impacted by a

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<v Speaker 3>disappointing performance of its live action Mowana remake and also

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<v Speaker 3>softer than expected advertising for its US streaming platform. But

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<v Speaker 3>it doesn't seem to be you know, throwing off investors

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<v Speaker 3>this morning, and just.

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<v Speaker 1>Time to talk about well, at least one of the

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<v Speaker 1>companies in the health space that reported results.

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<v Speaker 2>You want to do Eli, Lilly.

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<v Speaker 3>Yeah, let's do it up nearly six percent. Revenue in

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<v Speaker 3>the second quarter up forty eight percent, driven primarily by

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<v Speaker 3>its weight loss drugs Munjarro and zep bound Eli. Lilly

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<v Speaker 3>also boosting its revenue forecast for the full year. It

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<v Speaker 3>now sees revenue coming in up between eighty five and

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<v Speaker 3>eighty seven billion dollars. And by the way, adjusted earnings

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<v Speaker 3>per share blue past estimates, they came in at eight

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<v Speaker 3>thirty eight a share. The street was looking for six

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<v Speaker 3>dollars thirty one cents. But just to give you an idea,

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<v Speaker 3>Munjaro's revenue alone was near ten billion dollars and also

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<v Speaker 3>helping the stock. R and D expenses up fourteen percent,

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<v Speaker 3>but that was less than expected.

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<v Speaker 2>Nason. This stock mover's report from Bloomberg Radio. Check back

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<v Speaker 2>with us throughout the day for the latest roundup of companies,

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