WEBVTT - Closing Bell: GE Vernova's Biggest One-Day Gain, Warner Bros Higher, Oracle Falls on Earnings

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

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<v Speaker 2>This is the closing bell on this stock movers report

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<v Speaker 2>the company's making moves at the close of US trading

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<v Speaker 2>with Carol Masser, Tim Stenovak, Romain, Bostik, and Scarlet Flu.

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<v Speaker 3>Three hundred and eighty nine names in the S and

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<v Speaker 3>P five hundred hired today, one hundred and thirteen to

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<v Speaker 3>the downside, and Katie won unchanged.

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<v Speaker 4>Let's take a look at the sector level here broad

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<v Speaker 4>Breath overall nine of eleven sectors finishing in the green.

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<v Speaker 4>You can see that big tech finish just a hair higher.

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<v Speaker 4>It was industrials really though, that stole the show, up

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<v Speaker 4>by one point eight percent as a sector, followed by

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<v Speaker 4>materials and consumer discretionary. In terms of what didn't perform

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<v Speaker 4>on this sped day Wednesday, Utilities down about a ten

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<v Speaker 4>percent and consumer staples pretty much flat on the day

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<v Speaker 4>but slightly red.

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<v Speaker 3>Carol, all right, let's go to some of the individual gainers.

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<v Speaker 3>Jeevrnova shares climbing sixteen percent, biggest one day gain on record.

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<v Speaker 3>So this stock soaring. It's the top performing stock in

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<v Speaker 3>the S and P five hundred today, the company doubling

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<v Speaker 3>its dividend increase, the scope for share buybacks, and raised

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<v Speaker 3>earnings projections. Keep in mind, this is a company we've

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<v Speaker 3>been talking about this here right that it has really

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<v Speaker 3>benefited for the soaring US demand for electricity, whether it's

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<v Speaker 3>data centers, AI largely and just really the overall electrification

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<v Speaker 3>of the economy. That stock is up about one hundred

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<v Speaker 3>and eighteen percent year to date and so quite some

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<v Speaker 3>outperformance there. Let's go to Warner Brothers Discovery because this

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<v Speaker 3>one certainly on my list. I think it was a

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<v Speaker 3>top gainer in the Nasdaq one hundred four and a

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<v Speaker 3>half percent to the upside. We just got some comments

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<v Speaker 3>from President Trump saying that any deal for Warner Brothers

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<v Speaker 3>Discovery must include CNN, and as we pointed out that

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<v Speaker 3>that deal, the offers that we've gotten paramount includes the

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<v Speaker 3>CNN property. The Netflix deal does not. But nonetheless Warner

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<v Speaker 3>Brothers Discovery. It's up about four days in a row,

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<v Speaker 3>again of about sixteen percent of one hundred and thirty

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<v Speaker 3>five percent since September tenth. And just for something different,

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<v Speaker 3>David Busters, I know it's a small cap company, plays

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<v Speaker 3>the ticker up about thirteen percent in today's session. This

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<v Speaker 3>is Wall Street analysts highlight improving comp sales trends in October.

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<v Speaker 3>November just bite a third quarter miss, and during the

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<v Speaker 3>conference call, the company did come out and say that

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<v Speaker 3>traffic at its dining rooms late in the quarter was

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<v Speaker 3>meaningful up year over year, with October samestore food sales

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<v Speaker 3>being the best month of the year and improving in November.

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<v Speaker 3>Stock is down about thirty one percent year today thirty

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<v Speaker 3>eight percent of the float is short.

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<v Speaker 1>So I just want to add an honorable mention in

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<v Speaker 1>there to Carol. I'll keep an eye on shares a Cisco,

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<v Speaker 1>which have been rallying now for seven straight days, adding

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<v Speaker 1>nine tens of our percent on the day, and that's

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<v Speaker 1>actually going to be good enough for a record high,

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<v Speaker 1>and significant because it hasn't hit a record high since

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<v Speaker 1>the dot com bubble burst all the way back in

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<v Speaker 1>twenty twenty, the first record high for Cisco in twenty

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<v Speaker 1>five years. And I bring that up as well, because,

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<v Speaker 1>of course we talk about some of these old tech

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<v Speaker 1>stocks that have found some new life here in the

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<v Speaker 1>AI era. We are expected to get earning it a

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<v Speaker 1>little bit later today from Oracle, which of course hit

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<v Speaker 1>a record high back in September.

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<v Speaker 5>Well, before we get those earnings, let's go over some

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<v Speaker 5>of the other movers to the downside today on the dad,

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<v Speaker 5>do you want to start with? Shares of Netflix down

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<v Speaker 5>four point two percent today, six session in a row

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<v Speaker 5>to the downside. This is the longest losing streak going

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<v Speaker 5>back to January. Now over this time, the last six days,

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<v Speaker 5>it's fallen fifteen percent. That's the worst since twenty twenty two.

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<v Speaker 5>This all is the bidding war for Warner Brothers, Discovery

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<v Speaker 5>heats up, and just a reminder of what we heard

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<v Speaker 5>from the President moments ago at the White House. He

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<v Speaker 5>says that any Warner Brothers deal must include the sale

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<v Speaker 5>of CNN. Also, Paramount out with some headlines too, saying

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<v Speaker 5>that the Netflix cash component is about seven dollars a

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<v Speaker 5>share lower. Paramount also says in a letter that it's

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<v Speaker 5>thirty dollars a share offer is superior. So, like Katie said,

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<v Speaker 5>this story is one that continues, but Netflix has taken

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<v Speaker 5>a hit over the last few days as a result. Also,

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<v Speaker 5>large hospital chains, including HCA Healthcare and Tenant Healthcare fell

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<v Speaker 5>today after reports indicated that Republican congressional leaders are considering

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<v Speaker 5>a Medicare pay cut for hospitals as counterproposal to Democrats

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<v Speaker 5>demand to renew Obamacare subsidies. HCA Healthcare ticker HCA fell

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<v Speaker 5>four percent today. That policy was included in a list

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<v Speaker 5>of healthcare options percented to Republican House members in a

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<v Speaker 5>meeting today. This according to a document viewed by Bloomberg,

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<v Speaker 5>it could lower cost O patients and save the Medicare

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<v Speaker 5>program substantial amounts of money, but it has been opposed

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<v Speaker 5>to hospitals due to the higher overhead costs. And finally,

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<v Speaker 5>the parent company of Instacart Maple Bear down six percent today.

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<v Speaker 5>It was one of the numerous online gig economy stocks

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<v Speaker 5>that took a hit, including Lift, Uber, Door, Dash, and more.

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<v Speaker 5>This after Amazon said it's expanded same day delivery offering

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<v Speaker 5>for perishable groceries to over twenty three hundred cities in

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<v Speaker 5>towns from me.

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<v Speaker 1>Local Earning's crossing the wire right now, Let's get right

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<v Speaker 1>to it here. It does look like the top and

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<v Speaker 1>bottom lines are meeting. Second quarter numbers up about fourteen

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<v Speaker 1>percent on the revenue side to roughly sixteen billion dollars.

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<v Speaker 1>Though that does look like it's just a tad light

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<v Speaker 1>The street was looking for sixteen point two billion dollars

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<v Speaker 1>revenue on a constant currency basis up thirteen percent.

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<v Speaker 2>That's also light.

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<v Speaker 1>The street was looking for roughly about fourteen points six

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<v Speaker 1>will round that up to fifteen percent EPs in the quarter.

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<v Speaker 1>Two dollars and twenty six cents a share. That is

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<v Speaker 1>a beat, a sizeable beat. The street was looking for

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<v Speaker 1>a dollar sixty four here. I'm not seeing a guidance

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<v Speaker 1>just yet here, but we should point out that cloud

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<v Speaker 1>revenue was up thirty six percent in the most recent quarter,

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<v Speaker 1>Cloud infrastructure revenue a separate category that was up seventy

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<v Speaker 1>one percent in the most recent quarter, and cloud application

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<v Speaker 1>revenue was up about eleven percent.

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<v Speaker 4>All right, let's take a quick look at Adobe. Those

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<v Speaker 4>earnings also crossing the wire here. Adobe shares hired by

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<v Speaker 4>about two percent after reporting that fourth quarter adjusted EPs

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<v Speaker 4>beat the estimate. The numbers there for fourth quarter adjusted

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<v Speaker 4>EPs coming in at five dollars and fifty cents. The

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<v Speaker 4>estimate had been for five dollars and thirty nine cents. Also,

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<v Speaker 4>fourth quarter revenue coming in ahead of expectations as well.

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<v Speaker 4>You take a look at the guide here, they see

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<v Speaker 4>first quarter revenue between six point two five billion dollars

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<v Speaker 4>and six point three billion dollars. The estimate had been

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<v Speaker 4>for six point twenty four billion dollars, so the midpoint

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<v Speaker 4>of that range comfortable ahead of the estimate. They also

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<v Speaker 4>see first quarter adjusted EPs between five dollars and eighty

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<v Speaker 4>five cents to five dollars and ninety cents. The estimate

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<v Speaker 4>had been for five dollars and sixty six cents. So

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<v Speaker 4>looks like a beat and raised quarter there. You can

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<v Speaker 4>see that reflected in Adobe shares after our hire by

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<v Speaker 4>about two percent. We know this company has been pretty

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<v Speaker 4>beaten up in the stock market this year.

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<v Speaker 5>I'm getting back to Oracle and looking at the commentary.

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<v Speaker 5>Lots of commentary coming from executives at the company. Oracle

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<v Speaker 5>CEO Mike ccilia is saying that AI training and selling

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<v Speaker 5>AI models are very big business, but we think there's

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<v Speaker 5>an even larger opportunity embedding AI in a variety of

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<v Speaker 5>different products. Oracle is in a unique position to embed

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<v Speaker 5>AI and all three layers of our software products cloud

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<v Speaker 5>data center software, autonomous database and analytics software, and our

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<v Speaker 5>application software. Shares Oracle down about close to six percent

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<v Speaker 5>in the after hours.

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<v Speaker 3>All right, let's get to the application software company synopsis.

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<v Speaker 3>It is also reporting its results and into the outlook.

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<v Speaker 3>Let's start there. Sees first quote a revenue of two

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<v Speaker 3>point three seven billion to two point forty two billion.

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<v Speaker 3>The estimate on the street is two point thirty six billion.

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<v Speaker 3>First quarter just aed EPs again to the outlook, three

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<v Speaker 3>point fifty two is shared to three fifty eight a share.

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<v Speaker 3>Estimate on the street is three forty six, So it

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<v Speaker 3>does look like it's bumping that higher, and we do

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<v Speaker 3>see the stock up two point six percent in the

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<v Speaker 3>after market. Twenty twenty six revenue nine point five six

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<v Speaker 3>billion to nine point sixty six billion. That compares with

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<v Speaker 3>nine point sixty three billion in terms of the estimate,

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<v Speaker 3>and it sees twenty twenty six adjusted EPs of fourteen

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<v Speaker 3>thirty two is shared to fourteen forty. That two is

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<v Speaker 3>handily above the street estimate of fourteen eleven. So again

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<v Speaker 3>that's stock up about two percent in the after market,

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<v Speaker 3>and fourth quarter revenue just for some growth year over

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<v Speaker 3>year up thirty eight percent and fourth quarter adjusted EPs,

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<v Speaker 3>so I look back at the quarter that was two

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<v Speaker 3>ninety versus three forty year over year, but nonetheless tempering

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<v Speaker 3>some of its gains in the aftermarket will still up

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<v Speaker 3>you guys, about one percent.

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<v Speaker 1>HEREHILLI and we go back two. Of course, Oracle, which

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<v Speaker 1>obviously sort of is kind of the full chrome for

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<v Speaker 1>everything that we're reading now with regards to Synopsis, Adobe

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<v Speaker 1>and the rest of that AI trade. And I was

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<v Speaker 1>looking through their presentation on their website and they talk

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<v Speaker 1>a lot about the new customers that they've signed up

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<v Speaker 1>in the most recent quarter for the services. But a

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<v Speaker 1>big part of this, and a big part of why

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<v Speaker 1>you're seeing the shares down, there's a lot of concern

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<v Speaker 1>about Oracle's ability to fund that. Remember, Unlike some of

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<v Speaker 1>the hyperscalers and the others that we've talked about who

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<v Speaker 1>have been able to fund their AI dreams primarily with

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<v Speaker 1>their own cash on the balance sheet, Oracle has relied

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<v Speaker 1>on a big way on the debt markets. And the

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<v Speaker 1>expectation is they will return to the debt market debt

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<v Speaker 1>markets to fulfill some of those obligations. And some big

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<v Speaker 1>questions here about whether that erodes profitability.

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<v Speaker 5>You guys are talking tech. I'm also looking at what's

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<v Speaker 5>happening in the ski business. Ville Resorts reporting down just

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<v Speaker 5>about one percent in the after hours first Quarternet revenue

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<v Speaker 5>missed estimates. First quarter total skier visits came in above estimates.

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<v Speaker 5>First quarter loss for share came in slightly above estimates

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<v Speaker 5>at five dollars and twenty cents. Once again shares Avila Resort.

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<v Speaker 5>It's done about one point one percent in the.

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<v Speaker 3>After hours, all right, and back to Adobe. It is

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<v Speaker 3>up about two point six percent here in the aftermarket,

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<v Speaker 3>and we're looking at Oracle under pressure, continuing to see

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<v Speaker 3>trade lower here in the aftermarket. It is down about

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<v Speaker 3>five point one percent.

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<v Speaker 2>The Stock Movers report from Bloomberg Radio. Check back with

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

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<v Speaker 2>making news on Wall Street and for the latest market

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<v Speaker 2>moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

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