Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market. Harnessing the power of Bloomberg Data. Let's
Speaker 2: take a look at some stocks on the move today.
Speaker 2: Bloomberg News earnings reporter Red Brown is adjoining us.
Speaker 3: Red. Before we get to his list, we just got to.
Speaker 1: Mention, Oh, I'm sorry, that's okay. I'm just so excited
Speaker 1: to see Red.
Speaker 3: I know we are, and I know Red's been looking
Speaker 3: at this, but you know he's going to give us
Speaker 3: some names. But we just got to mention that Meta
Speaker 3: is soaring in the aftermarket, up about eight nine percent
Speaker 3: here after topping projections for second quarter sales, giving us
Speaker 3: stronger than expected forecast for the current period. And they
Speaker 3: talked a lot about their advertising business still growing quickly.
Speaker 3: And then you've got of course Microsoft tim it's up
Speaker 3: more than seven percent.
Speaker 1: Cloud sales beat, and Azure cloud sales hit seventy five
Speaker 1: billion dollars for the first time.
Speaker 3: Now to the lovely Red Brown.
Speaker 4: Yeah, I must be the only person that doesn't want
Speaker 4: to talk about tech herdings, right, but yeah, we will
Speaker 4: shift gears. I guess pretty pretty uh, rapidly.
Speaker 3: Here.
Speaker 4: One of the stocks on my radars Generac. They don't
Speaker 4: do anything with tech. They make well, actually, maybe that's
Speaker 4: not true. They make they make generator.
Speaker 1: They do electricity. They need electricity to run that tech.
Speaker 4: Apparently you need electricity to run a lot of data centers.
Speaker 3: So our editorial team, could you come in here and
Speaker 3: talk to red off the rails.
Speaker 4: The company's doing really well and partially because of the
Speaker 4: demand that's coming from data center companies who are like
Speaker 4: they need diesel generators to just as a backup. So
Speaker 4: apparently the company received one hundred and fifty million dollars
Speaker 4: worth of sales from just those customers alone this year,
Speaker 4: and management also set effecting to see more of that
Speaker 4: coming in. So I think, you know, thinking about like
Speaker 4: data center plays like Texas, which there's like really high
Speaker 4: profile grid miildowns during from like a dusting of snow.
Speaker 1: So like I think, as Pennsylvanian says, right right with
Speaker 1: a laugh.
Speaker 3: So, but I think about this with climate change and
Speaker 3: like how hot it's been and man if our power
Speaker 3: went out, like I would want a generator.
Speaker 1: Oh yeah, well they do. So so I read as
Speaker 1: you're talking about there's residential product sales right, which were up,
Speaker 1: and then also commercial and industrial sales which were up
Speaker 1: more than five percent.
Speaker 4: Right, and and all of their end markers are doing
Speaker 4: really well. To your point, Tim, residentials up seven percent
Speaker 4: last quarter. Before that, they were growing like at high
Speaker 4: double digits for for a few quarters prior to that.
Speaker 4: So yeah, I think a good Christmas present, maybe totally.
Speaker 3: And just so you know that we get you were
Speaker 3: on the same plane. We've got the CEO on on
Speaker 3: Monday at two forty pm.
Speaker 4: Very nice.
Speaker 3: Yeah, see, so we're with you.
Speaker 1: Let's start gaming, because every time I walk by Carol's desk,
Speaker 1: she is just like you were playing games, which I
Speaker 1: don't even grank. Theft author is what she's playing? Is
Speaker 1: that what you're doing?
Speaker 3: Tell anyone?
Speaker 1: What's that first person friend?
Speaker 3: Yeah?
Speaker 2: I don't know.
Speaker 4: There's so many, There's so many afterwards. But those shares
Speaker 4: were up today off of strong earning results.
Speaker 1: Were trying electronic arts electronic.
Speaker 4: Art excuse me sorry, electronic arts tickers. EA, we're up
Speaker 4: as much as eight percent, whether that would have been
Speaker 4: their best performance since twenty twenty two, but you know,
Speaker 4: settled in around six percent. They company solid, solid booking
Speaker 4: rates beat expectations in the second quarter. They did have
Speaker 4: guidance that was a little bit lighter than than was expected,
Speaker 4: but it didn't really spook investors. I think meant probably
Speaker 4: the commentary about just the kind of the demand that
Speaker 4: they're expecting for some of their games that are gonna
Speaker 4: be coming out in the next couple of months, including
Speaker 4: their first person shooter Battlefield. So there you go, Carol,
Speaker 4: the game circle your calendar.
Speaker 2: But yeah, this.
Speaker 4: Compedy doing quite well and having some good success within
Speaker 4: its its sporting divisions as well.
Speaker 2: This stock Movers report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
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