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

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Speaker 2: This is the closing bell on this stock movers report.

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Speaker 2: The company's making moves at the close of US trading

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Speaker 2: with Carol Masser, Tim Steneback, Romain Bostik, and Katie Greifel.

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Speaker 1: Yeah, we're getting earnings right now. Corvo crossing the wire,

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Speaker 1: and so too is Texas Instruments, the chip maker, but

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Speaker 1: not necessarily the sexy ones that we like to talk

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Speaker 1: about here. Industrials Automotives. The company appears to have missed

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Speaker 1: on its fourth quarter EPs. For the fourth quarter a

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Speaker 1: dollar twenty seven. The street was looking for a dollar thirty.

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Speaker 1: That's what it actually had posted a year ago, So

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Speaker 1: a dropped year over year and slightly below street estimates.

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Speaker 1: Revenue did grow up about ten percent, but just in

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Speaker 1: line with estimates at about four point four to two

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Speaker 1: billion dollars. Fourteen percent growth in the analog business and

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Speaker 1: about eight percent growth and that embedded processing business as well.

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Speaker 1: The shares oscillating between gains and losses looks like right

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Speaker 1: now out up about three percent in the after hours trade.

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Speaker 3: Yeah, trying to decide what to do with that fourth

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Speaker 3: quarter EPs. Miss I will say that this is a

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Speaker 3: stock that needed some good news. You think about how

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Speaker 3: it's been performing over the past year or so, higher

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Speaker 3: by just about five percent eight percent when you take

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Speaker 3: a look at total return, that is far under performing

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Speaker 3: what we're seeing out of some of the other chip

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Speaker 3: makers and what we're seeing in tech overall.

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Speaker 4: Not a lot of commentary from Aviv Alan, the chairman,

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Speaker 4: president and CEO of Texas Instruments, just calling out that

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Speaker 4: revenue decrease seven percent sequentially, but increased ten percent from

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Speaker 4: the same quarter a year ago. Over the past twelve months,

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Speaker 4: we invested three point nine billion dollars in R and

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Speaker 4: D and SGNA invested four point six billion and capex

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Speaker 4: and returned six point five billion dollars.

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Speaker 5: To you owners. Yeah, I'm just looking at a free cash

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Speaker 5: flow for the fourth quarter one point three to three billion.

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Speaker 5: That's up sixty five percent year over year, so a

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Speaker 5: big move there. R and D expenses are up about

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Speaker 5: six point one percent year over year, coming in a

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Speaker 5: little bit lighter, actually a little bit above with the

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Speaker 5: street expecting. So just keeping an eye on that one.

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Speaker 5: Still up about three point three percent, and it's actually

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Speaker 5: up for the year. I think it's up about nine

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Speaker 5: or ten percent already here in twenty twenty six, so

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Speaker 5: looking to build on that gain, Roommain, Yeah.

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Speaker 1: Just real quickly. I just want to check in on Corvo,

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Speaker 1: a much smaller cab company, but the shares down eleven percent,

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Speaker 1: also in the chips space, more so for the mobile

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Speaker 1: business here, the company saying that adjusted EPs did beat

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Speaker 1: in this fiscal third quarter. It looks like adjusted revenue

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Speaker 1: also beat here, but the guidance light seven hundred and

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Speaker 1: seventy five million to eight hundred and twenty five million

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Speaker 1: for the fiscal fourth quarter revenue, the street on average

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Speaker 1: is looking for nine hundred and four million dollars shares

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Speaker 1: down about ten percent.

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Speaker 5: All right, guys, let's go do some of the individual gainers.

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Speaker 5: Just want to mention Corning, which at its highs was

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Speaker 5: up twenty percent in today's session, finishing with a gain

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Speaker 5: of about sixteen percent. I think it's the number one

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Speaker 5: gainer in the S and P five hundred on this Tuesday.

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Speaker 5: This after the company announced a multi year, up to

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Speaker 5: six billion dollar agreement with Meta Platforms to supply optical, fiber,

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Speaker 5: cable and connectivity solutions from Meta's advanced data center, supporting

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Speaker 5: its AI ambition so an ai play as we know

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Speaker 5: they're Corning, by the way, CNBC pointing this out, which

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Speaker 5: reported the deal initially earlier today, saying Corning is expanding

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Speaker 5: its facility to cater to rising demand from the likes

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Speaker 5: of Meta and Vidia, Open Ai, Google, Amazon, and Microsoft,

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Speaker 5: and that stock has certainly been quite an outperformer in

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Speaker 5: today's such as session. In today's trading, I should say,

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Speaker 5: or actually a year to date. I'll get it there.

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Speaker 5: Eventually it does report earnings before the market open tomorrow.

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Speaker 5: We are waiting Seagate, which is expected to report any moment.

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Speaker 5: It's the number four gainer in the S and P

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Speaker 5: five hundred, top performing the S and P five hundred

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Speaker 5: last year, and you can see that name actually up

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Speaker 5: about four and a half percent in today's session. Analysts

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Speaker 5: have been raising their price targets ahead of earnings today

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Speaker 5: in the last few days, and today Muzuho Mizuho Securities

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Speaker 5: raise the target on Cgate to four hundred from three seventy,

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Speaker 5: maintaining its outperform rating, and the stock is already up

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Speaker 5: about forty percent year to date. I don't think it's

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Speaker 5: out yet, but it should be reporting shortly and then

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Speaker 5: HCA Healthcare up about seven percent here at the close today,

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Speaker 5: I believe to a record close in today's session, shares

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Speaker 5: gaining after the company reported better than expected guidance, easing

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Speaker 5: investor concerns about expiring affordable care accebsidiaries or subsidies, I

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Speaker 5: should say. And so that's stuck up about seven percent, Katie,

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Speaker 5: I think we have Cgate out.

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Speaker 3: We certainly do. Let's take a quick look at what's

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Speaker 3: going on with Cgate reporting that second quarter revenue came

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Speaker 3: in at two point eight three billion dollars, a slightly

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Speaker 3: ahead of estimates of two point seventy five billion dollars

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Speaker 3: for their adjusted EPs. That was a beat as well,

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Speaker 3: coming in at three dollars and eleven cents for the

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Speaker 3: second quarter. The estimate had come in at two dollars

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Speaker 3: and eighty three cents. You can see the negative reaction

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Speaker 3: there as well. Looking for more detail, but have to

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Speaker 3: imagine that comes down to the forecast because taking a

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Speaker 3: look at the second quarter results, certainly a lot of

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Speaker 3: good news there.

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Speaker 4: No, it's up thirty five percent year to date, so

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Speaker 4: a little bit of a decline on the day today

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Speaker 4: with these earnings down three point two percent, after hours. Hey,

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Speaker 4: speaking of stocks that are lower, let's take a look

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Speaker 4: at some decliners today, Katie, you mentioned health insurance companies

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Speaker 4: weighing on the trade today certainly saw that, with United Healthcare,

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Speaker 4: CVS and Humanity United down nine point nineteen point six percent,

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Speaker 4: CBS down fourteen percent, human had down more than twenty

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Speaker 4: one percent. This after the US proposed holding payments to

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Speaker 4: private medicare plans flat next year. United Health sees first

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Speaker 4: annual revenue drop in more than thirty years. Also, shares

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Speaker 4: of Jet Blue took a leg lower today. The company

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Speaker 4: reported a wider loss than expected last quarter. It's challenging

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Speaker 4: its strategy to win over high paying customers as far

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Speaker 4: as the numbers go. Adjusted loss of forty nine cents

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Speaker 4: per share three cents worse than the average analyst estimate.

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Speaker 4: Shares of Jet Blue down six point nine percent today.

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Speaker 4: Operating revenue did come in slightly ahead of Wall Street expectations,

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Speaker 4: and finally, shares a Pinterest fell today. The company's laying

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Speaker 4: off less than fifteen percent of its workforce. It plans

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Speaker 4: to reduce office space as part of a global restructuring.

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Speaker 4: Shares fel today by nine point six percent. It does

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Speaker 4: expect the actions to be completed by the end of

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Speaker 4: the third quarter and sees about thirty five to forty

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Speaker 4: five million dollars in pre tax restructuring charges. Pinterest down

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Speaker 4: nine point six percent.

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