WEBVTT - Super Micro and AT&T Gain; GE Veronva Lower

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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>On Nathan Hager joined by Bloomberg's Emily Graffeo with the

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<v Speaker 1>countdown clock to big tech earnings this afternoon. But this

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<v Speaker 1>morning we got to talk about big tech earnings from

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<v Speaker 1>super micro Computer. My goodness, what a move pre market.

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<v Speaker 3>Good morning, Emily, Yeah, good morning, Hagar, Hagar. Let me

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<v Speaker 3>buy your last name? Were understand name only basis?

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<v Speaker 2>Okay?

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<v Speaker 3>You sale? Go ahead? Your computer ticker SMCI up sixteen

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<v Speaker 3>percent in the pre market. They issued preliminary results Tuesday,

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<v Speaker 3>saying their backlog hit a record on new orders in

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<v Speaker 3>the quarter of more than sixty billion. Gross margins in

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<v Speaker 3>the quarter and in June thirtieth are estimated to be

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<v Speaker 3>in the range of fifteen percent seventeen percent, which is

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<v Speaker 3>better than forecasted and assign the IT company is making

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<v Speaker 3>progress selling more profitable products. All on that AI trade,

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<v Speaker 3>perhaps a good sign for the big tech earnings that

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<v Speaker 3>are to come. Although we had some metcaps trading lower

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<v Speaker 3>in the pre market.

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<v Speaker 1>All right, Well, we'll see how that affects the earnings

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<v Speaker 1>we get, in particular from Google parent Alphabet this afternoon,

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<v Speaker 1>for sure. In the meantime, we got some pre market

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<v Speaker 1>earnings from AT and T and that stuck looks like

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<v Speaker 1>it's getting a bit of a pop this morning.

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<v Speaker 3>Yeah, ticker T. It's up about five percent. The mobile

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<v Speaker 3>carrier added more monthly wireless phone subscribers than analysts expected.

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<v Speaker 3>Revenue slight miss thirty one point six billion. That was

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<v Speaker 3>up year over year, but slightly missed estimates. Shareholders don't

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<v Speaker 3>seem to mind this morning. Adjust at EPs for AT

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<v Speaker 3>and T also beat estimate sixty five cents or okay,

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<v Speaker 3>order all right.

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<v Speaker 1>And we also got results from ge Vernova. I think

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<v Speaker 1>we saw a bit of a on that stock just

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<v Speaker 1>after the earnings were announced. But it's kind of been

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<v Speaker 1>bouncing around this morning. Where do things stand now.

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<v Speaker 3>Yeah, that's exactly right, Gevnova, tick your GeV It was

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<v Speaker 3>up now it's down about six percent in the pre market.

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<v Speaker 3>A little hard to pin down exactly what traders are

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<v Speaker 3>kind of looking at when they're parsing through these results.

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<v Speaker 3>They did say that twenty twenty six wind organic revenue

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<v Speaker 3>was down in the low double digit, so that could

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<v Speaker 3>be something. The company, though, did boost its revenue forecast

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<v Speaker 3>for the full year, which seemed to be exciting traders,

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<v Speaker 3>at least at the initial release of the results.

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<v Speaker 1>Nathan, and finally, you've got rocket Lab on your list.

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<v Speaker 1>I see that one's pretty nicely in the green. What's

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<v Speaker 1>happening with rocket Lab this morning?

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<v Speaker 3>Rocket Lab up about four point two percent right now,

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<v Speaker 3>ticker RKLB. The company was awarded a US Air Force

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<v Speaker 3>contract valued at up to two hundred and sixty six

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<v Speaker 3>million dollars. They've been awarded this firm fixed price completion

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<v Speaker 3>contract for suborbital launch, so keeping an eye on that one.

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<v Speaker 2>The Stockmovers report from Bloomberg Radio. Check back with us

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<v Speaker 2>news on Wall Street and for the latest market moving headlines.

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