WEBVTT - T-Mobile Higher, Uber Falls, Paramount, Warner Bros. Pause Deal

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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 Stenebeck, Romain Bostik, and Katie Greyfell.

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<v Speaker 1>Let's go to some of the individual gainers if we may.

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<v Speaker 1>SLB tough gainer in the S and P five hundred,

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<v Speaker 1>up about eleven percent here, folks, Oilfield services and Equipment company.

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<v Speaker 1>You know it well, formerly Schlamberge. Doesn't go by that anymore.

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<v Speaker 1>SLB also could be a fun name. I'm just saying, Katie,

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<v Speaker 1>there you go. Company reported second quarter or adjusted earnings

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<v Speaker 1>per share that beat the average analyst estimate, revenue increasing

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<v Speaker 1>in all regions outside of the Middle East, and data

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<v Speaker 1>center revenue. Apparently the company has been shifting to data centers,

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<v Speaker 1>an emerging source of revenue for the company. Milius Research

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<v Speaker 1>out they've got a buy price target of sixty eight,

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<v Speaker 1>noting that revenue EPs and even a b to a

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<v Speaker 1>broad based international growth was able to offset the declines

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<v Speaker 1>in the Middle East from the war. So that was

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<v Speaker 1>an outperformer. Let's go to Ring Central. That one also

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<v Speaker 1>rallying up as much as just missing the thirty percent

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<v Speaker 1>gain mark intraday, but still up about twenty five percent

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<v Speaker 1>here at the close, heavy volume, The software company reported

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<v Speaker 1>second quarter results that beat expectations. They also raised their

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<v Speaker 1>full year forecast for adjusted earnings. It is up seventy

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<v Speaker 1>percent year to date. Twelve percent of the float is

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<v Speaker 1>sure and then one more for you, T Mobile, this

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<v Speaker 1>one rallying about five point six percent here top gainer

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<v Speaker 1>the Nasdaq one hundred, rallying even after the company reported

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<v Speaker 1>revenue that missed analyst estimates amid modest gains and subscribers.

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<v Speaker 1>They did disappoint Wall Streets high expectations. We saw that

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<v Speaker 1>kind of an early trading playing out but rallying here

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<v Speaker 1>in the regular session. Key Bank Capital Markets out saying

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<v Speaker 1>T Mobiles service revenue growth was a mixed bag and

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<v Speaker 1>management's twenty twenty six service revenue guidance remains at seventy

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<v Speaker 1>seven billion. Another analyst Benchmark analyst kind of saying that

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<v Speaker 1>the selloff earlier unwarranted as a stock was already trading

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<v Speaker 1>at a significantly discounted value valuation. It was down I

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<v Speaker 1>think pre market, but again rallying in the regular session.

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<v Speaker 3>Okay, over to you bed all right, I got a

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<v Speaker 3>lot of news here, just starting with something that recently crossed.

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<v Speaker 3>Paramount Skydance shares down on the day by three point

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<v Speaker 3>three percent. The New York Times reporting just a little

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<v Speaker 3>bit ago that Paramount and war Warner merger has paused

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<v Speaker 3>until the court rules or June of twenty twenty seven.

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<v Speaker 3>You can see right there toward the end of the

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<v Speaker 3>trading session. Shares were higher for much of the day

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<v Speaker 3>and then took a dive after this report, Colorad Attorney

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<v Speaker 3>General Phil Wiser saying a stipulation filed in federal court

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<v Speaker 3>stops Paramount and Warner Brothers from merging until the court

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<v Speaker 3>rules or June first, twenty twenty seven, whichever comes first.

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<v Speaker 3>Once again, Paramount Skydance shares, Peace Guy down by three

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<v Speaker 3>point three percent. Warner Brothers Discovery shares fell to by

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<v Speaker 3>just about seven tens of one percent. Also, shares of

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<v Speaker 3>Uber declined today, this after the Financial Times reporter that

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<v Speaker 3>Waimo is exploring options to exit its Uber partnership down

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<v Speaker 3>four point three percent. That fell after three o'clock today.

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<v Speaker 3>Wall Street time Weimo has held internal talks about ending

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<v Speaker 3>its current deal with Uber. Wemo has already notified Uber

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<v Speaker 3>that it plans to enter these markets independently and January

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<v Speaker 3>twenty twenty eight, when their contract allows the right hailing

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<v Speaker 3>group set in a statement, Weymo has not ruled out

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<v Speaker 3>a complete split, according to the people cited by the

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<v Speaker 3>Financial Times. And finally, this was the worst performer in

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<v Speaker 3>the s and P five one hundred today It's done

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<v Speaker 3>nine point three percent at the end of the day.

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<v Speaker 3>H Robinson Worldwide freight broker and other freight brokers fell today.

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<v Speaker 3>This after a jury ruled against H Robinson Worldwide and

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<v Speaker 3>to other defendants in a case involving a trucking accident.

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<v Speaker 3>It boosts concerns about new sources of liability for the industry.

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<v Speaker 3>Once against H Robinson Worldwide down about nine point three

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<v Speaker 3>percent today.

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<v Speaker 2>This 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 and for the latest market moving headlines.

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