Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: This is the closing bell on this stock movers report.
Speaker 2: The company's making moves at the close of US trading
Speaker 2: with Carol Masser, Tim Stenebeck, Romain Bostik, and Katie Greyfell.
Speaker 1: Let's go to some of the individual gainers if we may.
Speaker 1: SLB tough gainer in the S and P five hundred,
Speaker 1: up about eleven percent here, folks, Oilfield services and Equipment company.
Speaker 1: You know it well, formerly Schlamberge. Doesn't go by that anymore.
Speaker 1: SLB also could be a fun name. I'm just saying, Katie,
Speaker 1: there you go. Company reported second quarter or adjusted earnings
Speaker 1: per share that beat the average analyst estimate, revenue increasing
Speaker 1: in all regions outside of the Middle East, and data
Speaker 1: center revenue. Apparently the company has been shifting to data centers,
Speaker 1: an emerging source of revenue for the company. Milius Research
Speaker 1: out they've got a buy price target of sixty eight,
Speaker 1: noting that revenue EPs and even a b to a
Speaker 1: broad based international growth was able to offset the declines
Speaker 1: in the Middle East from the war. So that was
Speaker 1: an outperformer. Let's go to Ring Central. That one also
Speaker 1: rallying up as much as just missing the thirty percent
Speaker 1: gain mark intraday, but still up about twenty five percent
Speaker 1: here at the close, heavy volume, The software company reported
Speaker 1: second quarter results that beat expectations. They also raised their
Speaker 1: full year forecast for adjusted earnings. It is up seventy
Speaker 1: percent year to date. Twelve percent of the float is
Speaker 1: sure and then one more for you, T Mobile, this
Speaker 1: one rallying about five point six percent here top gainer
Speaker 1: the Nasdaq one hundred, rallying even after the company reported
Speaker 1: revenue that missed analyst estimates amid modest gains and subscribers.
Speaker 1: They did disappoint Wall Streets high expectations. We saw that
Speaker 1: kind of an early trading playing out but rallying here
Speaker 1: in the regular session. Key Bank Capital Markets out saying
Speaker 1: T Mobiles service revenue growth was a mixed bag and
Speaker 1: management's twenty twenty six service revenue guidance remains at seventy
Speaker 1: seven billion. Another analyst Benchmark analyst kind of saying that
Speaker 1: the selloff earlier unwarranted as a stock was already trading
Speaker 1: at a significantly discounted value valuation. It was down I
Speaker 1: think pre market, but again rallying in the regular session.
Speaker 3: Okay, over to you bed all right, I got a
Speaker 3: lot of news here, just starting with something that recently crossed.
Speaker 3: Paramount Skydance shares down on the day by three point
Speaker 3: three percent. The New York Times reporting just a little
Speaker 3: bit ago that Paramount and war Warner merger has paused
Speaker 3: until the court rules or June of twenty twenty seven.
Speaker 3: You can see right there toward the end of the
Speaker 3: trading session. Shares were higher for much of the day
Speaker 3: and then took a dive after this report, Colorad Attorney
Speaker 3: General Phil Wiser saying a stipulation filed in federal court
Speaker 3: stops Paramount and Warner Brothers from merging until the court
Speaker 3: rules or June first, twenty twenty seven, whichever comes first.
Speaker 3: Once again, Paramount Skydance shares, Peace Guy down by three
Speaker 3: point three percent. Warner Brothers Discovery shares fell to by
Speaker 3: just about seven tens of one percent. Also, shares of
Speaker 3: Uber declined today, this after the Financial Times reporter that
Speaker 3: Waimo is exploring options to exit its Uber partnership down
Speaker 3: four point three percent. That fell after three o'clock today.
Speaker 3: Wall Street time Weimo has held internal talks about ending
Speaker 3: its current deal with Uber. Wemo has already notified Uber
Speaker 3: that it plans to enter these markets independently and January
Speaker 3: twenty twenty eight, when their contract allows the right hailing
Speaker 3: group set in a statement, Weymo has not ruled out
Speaker 3: a complete split, according to the people cited by the
Speaker 3: Financial Times. And finally, this was the worst performer in
Speaker 3: the s and P five one hundred today It's done
Speaker 3: nine point three percent at the end of the day.
Speaker 3: H Robinson Worldwide freight broker and other freight brokers fell today.
Speaker 3: This after a jury ruled against H Robinson Worldwide and
Speaker 3: to other defendants in a case involving a trucking accident.
Speaker 3: It boosts concerns about new sources of liability for the industry.
Speaker 3: Once against H Robinson Worldwide down about nine point three
Speaker 3: percent today.
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 and for the latest market moving headlines.
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