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: On Nathan Hager joined by Bloomberg's Emily Graffeo with the
Speaker 1: countdown clock to big tech earnings this afternoon. But this
Speaker 1: morning we got to talk about big tech earnings from
Speaker 1: super micro Computer. My goodness, what a move pre market.
Speaker 3: Good morning, Emily, Yeah, good morning, Hagar, Hagar. Let me
Speaker 3: buy your last name? Were understand name only basis?
Speaker 2: Okay?
Speaker 3: You sale? Go ahead? Your computer ticker SMCI up sixteen
Speaker 3: percent in the pre market. They issued preliminary results Tuesday,
Speaker 3: saying their backlog hit a record on new orders in
Speaker 3: the quarter of more than sixty billion. Gross margins in
Speaker 3: the quarter and in June thirtieth are estimated to be
Speaker 3: in the range of fifteen percent seventeen percent, which is
Speaker 3: better than forecasted and assign the IT company is making
Speaker 3: progress selling more profitable products. All on that AI trade,
Speaker 3: perhaps a good sign for the big tech earnings that
Speaker 3: are to come. Although we had some metcaps trading lower
Speaker 3: in the pre market.
Speaker 1: All right, Well, we'll see how that affects the earnings
Speaker 1: we get, in particular from Google parent Alphabet this afternoon,
Speaker 1: for sure. In the meantime, we got some pre market
Speaker 1: earnings from AT and T and that stuck looks like
Speaker 1: it's getting a bit of a pop this morning.
Speaker 3: Yeah, ticker T. It's up about five percent. The mobile
Speaker 3: carrier added more monthly wireless phone subscribers than analysts expected.
Speaker 3: Revenue slight miss thirty one point six billion. That was
Speaker 3: up year over year, but slightly missed estimates. Shareholders don't
Speaker 3: seem to mind this morning. Adjust at EPs for AT
Speaker 3: and T also beat estimate sixty five cents or okay,
Speaker 3: order all right.
Speaker 1: And we also got results from ge Vernova. I think
Speaker 1: we saw a bit of a on that stock just
Speaker 1: after the earnings were announced. But it's kind of been
Speaker 1: bouncing around this morning. Where do things stand now.
Speaker 3: Yeah, that's exactly right, Gevnova, tick your GeV It was
Speaker 3: up now it's down about six percent in the pre market.
Speaker 3: A little hard to pin down exactly what traders are
Speaker 3: kind of looking at when they're parsing through these results.
Speaker 3: They did say that twenty twenty six wind organic revenue
Speaker 3: was down in the low double digit, so that could
Speaker 3: be something. The company, though, did boost its revenue forecast
Speaker 3: for the full year, which seemed to be exciting traders,
Speaker 3: at least at the initial release of the results.
Speaker 1: Nathan, and finally, you've got rocket Lab on your list.
Speaker 1: I see that one's pretty nicely in the green. What's
Speaker 1: happening with rocket Lab this morning?
Speaker 3: Rocket Lab up about four point two percent right now,
Speaker 3: ticker RKLB. The company was awarded a US Air Force
Speaker 3: contract valued at up to two hundred and sixty six
Speaker 3: million dollars. They've been awarded this firm fixed price completion
Speaker 3: contract for suborbital launch, so keeping an eye on that one.
Speaker 2: The Stockmovers report from Bloomberg Radio. Check back with us
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