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

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Speaker 2: Stock Movers Report, 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 1: Let's take a look at some stocks on the move today.

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Speaker 1: I'm Nathan Hager, joined by Bloomberg's Dan Curtis on a

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Speaker 1: mostly positive morning for stocks. The latest earnings from big

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Speaker 1: pharma looking to spoil the party just a bit.

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Speaker 3: Let's start with Pfizer.

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Speaker 1: What's happening there, Dan, Good morning.

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Speaker 3: Good morning, Nathan. That's right.

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Speaker 4: So Pfizer shares are actually they're pairing some of their

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Speaker 4: early morning losses. They're down about one percent right now.

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Speaker 4: I've seen it down about two and a half percent

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Speaker 4: at the extremes this morning.

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Speaker 3: And we have a double dose of news.

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Speaker 4: So just out, we got those fourth quarter sales of

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Speaker 4: seventeen point five billion dollars, beating estimates. The company is

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Speaker 4: maintaining its full year guidance of about two dollars and

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Speaker 4: eighty cents to three dollars in earnings per share. Revenue

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Speaker 4: guidance stands at the same place, around sixty billion dollars,

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Speaker 4: five billion, of that coming from COVID nineteen products and

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Speaker 4: so this is kind of the market seeing this.

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Speaker 3: It's actually been coming off those lows.

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Speaker 4: It's rallying a little bit as we get a better

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Speaker 4: than expected fourth quarter and the guidance holds.

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Speaker 3: It Also, just a.

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Speaker 4: Few minutes before earnings came out, released a study on

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Speaker 4: its ultra long lasting GLP one that's the weight loss

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Speaker 4: drugs that really has had gotten the markets excited about

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Speaker 4: the pharma space. Of note, those met the primary endpoint

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Speaker 4: and it's basically switching to a monthly dosing. Analysts have

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Speaker 4: been a little bit excited about these. This general trend

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Speaker 4: towards fewer shots as it's going to see opening up

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Speaker 4: the markets to people who might not want to inject

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Speaker 4: themselves so frequently.

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Speaker 1: We also got results from MRK. This looks like firmer

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Speaker 1: disappointment in this company's earnings.

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Speaker 3: That's right.

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Speaker 4: So while we did get a top and bottom fourth

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Speaker 4: quarter beat, we are seeing the shares down two and

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Speaker 4: a half percent. The drug Makers twenty twenty six forecast

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Speaker 4: are weighing on shares for fourth quarter. The demand from

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Speaker 4: the its new pneumonia vaccine that risles fiver Pfizer helped

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Speaker 4: push the company above estimates, but the company is forecasting

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Speaker 4: sixty seven billion dollars of sales this year.

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Speaker 3: That is below estimates.

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Speaker 4: A shadow lingering over the company is an HBV treatment

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Speaker 4: guard is SILL. There's been a decline in Chinese demand

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Speaker 4: for this product, which is its second biggest. The company

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Speaker 4: said it's assuming no shipments to China in its forwards guidance.

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Speaker 4: It's also having challenges in the US for that product

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Speaker 4: as US health officials recommend fewer doses of vaccine. So

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Speaker 4: again that stock is down two and a half percent

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Speaker 4: in pre market.

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Speaker 1: We also heard from PepsiCo. This looked like a beat

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Speaker 1: when it came out. Why is the stock on the

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Speaker 1: decline now?

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Speaker 4: Yeah, So it's down one percent in pre market, and

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Speaker 4: I think a nice context for this is the share

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Speaker 4: was at the highest level in over a year going

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Speaker 4: into the earnings, so there has been some higher expectations.

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Speaker 4: There has been some buying going into the stock before

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Speaker 4: we got the results. The snack and beverage company did

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Speaker 4: report better than ex back to fourth quarter profit. It

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Speaker 4: also announced to ten billion share buyback through twenty thirty

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Speaker 4: all good news. The one week point was Foods in

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Speaker 4: America fell one percent, the only region that saw contraction.

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Speaker 4: You're talking about the price cuts on the show earlier.

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Speaker 4: This is where those price cuts might come in. They're

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Speaker 4: looking to cut prices. It's been facing some pushback from

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Speaker 4: consumers who have been writing in saying that it's just

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Speaker 4: too expensive to buy Pepsi COO brands. They're moving to

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Speaker 4: kind of the lower the cheaper off brand products, So

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Speaker 4: the company is looking to address that. It's something that

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Speaker 4: we learned about in December as it works with activist

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Speaker 4: investor Elliott. So we are getting a little bit, you know,

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Speaker 4: a little bit of a sell off, but the stock

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Speaker 4: was at a one year high going into this.

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Speaker 1: In our last thirty seconds, Dan, let's talk about the

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Speaker 1: stock that's lifting the market overall.

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Speaker 3: That would be Palentier.

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Speaker 4: That's right, Palenteer Data and Analytics company. It beat fourth

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Speaker 4: quarter top and bottom estimates. Government revenue grew sixty percent,

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Speaker 4: commercial sales up eighty percent, both from the prior year.

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Speaker 4: Company is predicting a sixty one percent sales growth this

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Speaker 4: year that topped estimates. The earnings guidance is also above estimates.

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Speaker 4: This is a bit of a bounce. We were talking

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Speaker 4: about Pepsi, which is a one year high. Palinger going

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Speaker 4: into this was down twenty nine percent going into this earnings.

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Speaker 4: Right now, that stock is popping eleven percent in the

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Speaker 4: pre market.

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Speaker 2: This Stock Movers report 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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