1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:16,800 Speaker 2: in the stock market. Harnessing the power of Bloomberg data. 4 00:00:16,320 --> 00:00:18,239 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:18,239 --> 00:00:21,240 Speaker 1: I'm Nathan Hager, joined by Bloomberg's Dan Curtis, on another 6 00:00:21,480 --> 00:00:25,200 Speaker 1: very busy earnings morning, with results crossing the Bloomberg terminal 7 00:00:25,200 --> 00:00:27,960 Speaker 1: this morning from Uber. Good morning, Dan. 8 00:00:28,240 --> 00:00:31,280 Speaker 3: Good morning. That's right, Nathan Uber, fresh off the press. 9 00:00:31,280 --> 00:00:33,920 Speaker 3: I'm looking through the numbers right now. What stands out 10 00:00:33,920 --> 00:00:35,839 Speaker 3: to me, besides the four percent drop in the pre 11 00:00:35,920 --> 00:00:38,720 Speaker 3: market of the stock is the first quarter adjusted EBIT 12 00:00:38,720 --> 00:00:41,600 Speaker 3: of forecasts. The high end those are coming in at 13 00:00:41,640 --> 00:00:44,200 Speaker 3: two about two point three seven billion to two point 14 00:00:44,200 --> 00:00:46,720 Speaker 3: four seven billion dollars. That's a little bit lighter than 15 00:00:46,760 --> 00:00:48,559 Speaker 3: the estimates of two point four to five. So that 16 00:00:48,640 --> 00:00:51,800 Speaker 3: top end is about where the estimates are. That looks 17 00:00:51,800 --> 00:00:54,639 Speaker 3: like a disappointing figure to me. Outside of that, we're 18 00:00:54,680 --> 00:00:57,800 Speaker 3: seeing other figures coming in here. We have the first 19 00:00:57,880 --> 00:01:00,800 Speaker 3: core adjusted EBITA of figures. Those were lighter than Smith 20 00:01:00,840 --> 00:01:02,760 Speaker 3: as well. So it looks like the fourth quarter numbers 21 00:01:02,920 --> 00:01:06,160 Speaker 3: look a little bit soft on profit. The profit outlook 22 00:01:06,520 --> 00:01:08,520 Speaker 3: is a little bit soft as well, and that has 23 00:01:08,520 --> 00:01:11,120 Speaker 3: the stock now down seven percent, another three percent lower 24 00:01:11,160 --> 00:01:13,640 Speaker 3: than when I just checked it. And one more headline 25 00:01:13,640 --> 00:01:16,600 Speaker 3: out Uber to launch robotaxis in Hong Kong and Houston, 26 00:01:16,920 --> 00:01:20,200 Speaker 3: so looks like it's going in further on the robotaxi trick. 27 00:01:20,319 --> 00:01:22,120 Speaker 1: Yeah, and seeing as well that they've named a new 28 00:01:22,200 --> 00:01:25,120 Speaker 1: chief financial officer for that robo taxi future as well, 29 00:01:25,200 --> 00:01:28,200 Speaker 1: so Uber shares will continue to bear watching throughout the 30 00:01:28,319 --> 00:01:32,280 Speaker 1: day as well. Eli Lilly is it time to declare 31 00:01:32,319 --> 00:01:34,560 Speaker 1: a winner in the obesity drug war? 32 00:01:34,680 --> 00:01:38,520 Speaker 3: Dan? The pre market has Eli Lilly is up seven percent. 33 00:01:38,640 --> 00:01:40,880 Speaker 3: That's as the company, which as you said, makes a 34 00:01:40,920 --> 00:01:44,560 Speaker 3: weight loss drug, had upbeat sales forecast, saying that top 35 00:01:44,600 --> 00:01:46,679 Speaker 3: line growth for the year could be up as much 36 00:01:46,720 --> 00:01:49,880 Speaker 3: as thirteen percent. That's on top of a fourth quarter 37 00:01:49,920 --> 00:01:52,680 Speaker 3: top and bottom line beat, So strong numbers all across 38 00:01:53,240 --> 00:01:56,800 Speaker 3: Manjaro and zep bound the big GLP one figures that 39 00:01:57,000 --> 00:01:59,880 Speaker 3: was eleven and a half billion dollars in sales for 40 00:01:59,880 --> 00:02:02,720 Speaker 3: the period. That's well over half of the company sales 41 00:02:03,000 --> 00:02:05,640 Speaker 3: that part of their portfolio really driving the stock hire 42 00:02:05,680 --> 00:02:08,720 Speaker 3: it's been out performing peers Novo Nordis, which is down 43 00:02:08,760 --> 00:02:12,560 Speaker 3: today on warnings that its sales could fall thirteen percent. 44 00:02:12,639 --> 00:02:15,120 Speaker 3: So Eli Lilly a big winner in this GLP one 45 00:02:15,520 --> 00:02:18,120 Speaker 3: or right now, those shares up seven percent in the 46 00:02:18,240 --> 00:02:18,800 Speaker 3: pre market. 47 00:02:18,919 --> 00:02:22,679 Speaker 1: Yeah, we're still watching Novo shares down sixteen percent overseas 48 00:02:22,840 --> 00:02:27,240 Speaker 1: as well. Chipote Le Mexican Grill reported earnings they could 49 00:02:27,240 --> 00:02:30,480 Speaker 1: be affected by the weight loss drug battle as well. 50 00:02:30,919 --> 00:02:32,520 Speaker 3: Yeah, it's been a challenge for them. If you take 51 00:02:32,560 --> 00:02:34,960 Speaker 3: the GLP ones, you don't eat as much. The company 52 00:02:34,960 --> 00:02:38,320 Speaker 3: has tried to pivot, but it's still posted its first 53 00:02:38,440 --> 00:02:41,840 Speaker 3: ever annual drop in comparable sales. And the outlook coming 54 00:02:41,840 --> 00:02:44,400 Speaker 3: from the company is not that rosy either. It's hoping 55 00:02:44,440 --> 00:02:46,920 Speaker 3: to be able to maintain its comparable sales. So we 56 00:02:46,960 --> 00:02:49,520 Speaker 3: saw a drop the most recent year. It's saying that 57 00:02:49,520 --> 00:02:53,000 Speaker 3: that will be flat this year. Some market pessimism there. 58 00:02:53,000 --> 00:02:56,600 Speaker 3: Those shares are down six percent. The management has been 59 00:02:56,600 --> 00:02:59,080 Speaker 3: trying to shift its operations, as we talked about, you know, 60 00:02:59,120 --> 00:03:02,040 Speaker 3: with the GLP one picking up, also with the with 61 00:03:02,120 --> 00:03:06,200 Speaker 3: the higher prices weighing on consumers. The CEO did have 62 00:03:06,240 --> 00:03:08,560 Speaker 3: one bright note. It said protein offering. So these little 63 00:03:08,680 --> 00:03:11,160 Speaker 3: buckets of chicken, etc. Which are a little bit cheaper 64 00:03:11,320 --> 00:03:14,799 Speaker 3: less food for the GLP one users. The CEO said 65 00:03:14,840 --> 00:03:17,480 Speaker 3: that those offerings had showed some early success in the 66 00:03:17,520 --> 00:03:18,120 Speaker 3: fourth quarter. 67 00:03:18,480 --> 00:03:20,280 Speaker 1: Okay, got to talk about the biggest gainer in the 68 00:03:20,320 --> 00:03:24,200 Speaker 1: pre market this morning. Silicon Labs is soaring Dan. 69 00:03:24,720 --> 00:03:28,280 Speaker 3: Yeah, twenty five percent up in the pre market. There's 70 00:03:28,760 --> 00:03:32,160 Speaker 3: rumors FT is reporting that Texas Instruments is in talks 71 00:03:32,200 --> 00:03:36,280 Speaker 3: to buy the chip designer. FT, citing people familiar, it 72 00:03:36,360 --> 00:03:39,680 Speaker 3: said the value could be about seven billion dollars. That's 73 00:03:39,680 --> 00:03:42,480 Speaker 3: a decent premium to you know where it was trading 74 00:03:42,720 --> 00:03:44,920 Speaker 3: at the close. That's why we're getting this big twenty 75 00:03:44,920 --> 00:03:48,920 Speaker 3: five percent pop in after in pre market trading. The 76 00:03:49,040 --> 00:03:51,880 Speaker 3: terms are said not to be clear, so still some 77 00:03:52,600 --> 00:03:56,040 Speaker 3: fine points to be worked over. And just as some background, 78 00:03:56,080 --> 00:03:58,600 Speaker 3: Silicon Labs produces chips for the Internet of Things that 79 00:03:58,600 --> 00:04:02,080 Speaker 3: would expand out Texas instruments analog chip business, so Texas 80 00:04:02,080 --> 00:04:07,080 Speaker 3: Instruments very into the analog business in analog business. 81 00:04:06,720 --> 00:04:12,440 Speaker 2: Side the Stockmover's report from Bloomberg Radio. Check back with 82 00:04:12,520 --> 00:04:15,120 Speaker 2: us throughout the day for the latest roundup of companies 83 00:04:15,160 --> 00:04:18,279 Speaker 2: making news on Wall Street and for the latest market 84 00:04:18,320 --> 00:04:22,800 Speaker 2: moving headlines, Listen to Bloomberg Radio Live. Catch us on YouTube, 85 00:04:22,880 --> 00:04:26,359 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 86 00:04:26,440 --> 00:04:27,919 Speaker 2: the Bloomberg Business app.