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 Greifel.
Speaker 3: Let's focus on the green at least right now and
Speaker 3: talk about some of the big gainers for the day.
Speaker 3: I want to start with shares of IBM. Wow, they
Speaker 3: searched hired. This is crazy, this is crazy right, twelve
Speaker 3: percent to the upside. This after the Trump administration agreed
Speaker 3: to award a billion dollars to the company. It's going
Speaker 3: to build a foundry for producing quantum computing chips. IBM
Speaker 3: will also invest a billion dollars into a new company
Speaker 3: called Andern.
Speaker 4: It'll produce the processors.
Speaker 3: The government awarded funding to more than a half dozen
Speaker 3: other companies. That's part of this broader two billion dollars
Speaker 3: support package from the Commerce Department for quantum computing. Once again,
Speaker 3: shares hired today by twelve point four percent.
Speaker 5: I do want it to enterrupt. We are getting some
Speaker 5: earnings out of ross Or. This is the discount retailer
Speaker 5: basically reporting EPs that did rise on a year over
Speaker 5: year basis two dollars and two cents of share versus
Speaker 5: what they had the previous year at a dollar forty seven.
Speaker 5: Not sure what the comparison is with regards to analysts estimates,
Speaker 5: but when it comes to sales growth, our sales overall
Speaker 5: for the most recent quarter, they did report about six
Speaker 5: billion in sales right on the nose. The estimate was
Speaker 5: for five point six. And here's your guidance here the
Speaker 5: company says this, he's full year EPs of a dollar
Speaker 5: eighty five to a dollar ninety three. And I'm going
Speaker 5: to hold off on the comparison here because it looks
Speaker 5: like the previous comparison was much higher than that, which
Speaker 5: I think might actually be wrong. But you're seeing the
Speaker 5: initial reaction right here, and they, okay, there is a correction.
Speaker 5: So the EPs for the most recent fiscal year, for
Speaker 5: the fiscal year in right now, the company is saying
Speaker 5: expect seven dollars and fifty cents to seven dollars and
Speaker 5: seventy four cents. Its previous guidance was or seven oh
Speaker 5: two to seven thirty six.
Speaker 1: So forget my pause there.
Speaker 5: The headline threw me off there here, so as look
Speaker 5: like they are guiding above their previous estimates.
Speaker 1: Tim and you see that reflected in the shares in
Speaker 1: the after hour trate.
Speaker 3: Yeah, look at that Raw Stores up by more than
Speaker 3: five point eight percent right now. One stock that is
Speaker 3: sort of searching for direction but now moving significantly higher
Speaker 3: is Workday shares in the after hours up by five
Speaker 3: point three percent. The company's first quarter revenue did beat estimates,
Speaker 3: first quarter adjusted earnings per share coming in above estimates
Speaker 3: at two dollars and sixty six cents per share. The
Speaker 3: company does see second quarter subscription revenue coming in above
Speaker 3: estimates at two point four to six billion dollars. The
Speaker 3: company still sees fiscal year subscription revenue at nine point
Speaker 3: nine three to nine point nine to five billion dollars.
Speaker 3: First quarter revenue did beat estimates at two point five
Speaker 3: to four billion, and once again see second quarter subscription
Speaker 3: revenue at two point four six billion dollars. This is
Speaker 3: a company, though, that has gotten beat up over the
Speaker 3: last few months. It's down more than sixty percent from
Speaker 3: those highs back in twenty twenty four.
Speaker 6: You see Raw Stars gain five percent in post market
Speaker 6: trade on strong comp sales forecasts, So investors are kind
Speaker 6: of liking that will wait for their earnings call shortly,
Speaker 6: but right now it's looking like they're happy with that.
Speaker 7: Yeah, and a bright spot here for Workday tim As
Speaker 7: you mentioned the stock getting absolutely crushed over the last year.
Speaker 7: It's kind of one of those quintessential software companies that
Speaker 7: now has to prove that it's not going to be
Speaker 7: disrupted by artificial intelligence, and at least in the latest earnings,
Speaker 7: the shareholders are happy with the company's plans.
Speaker 4: All right, So we've heard from Ross and Workday.
Speaker 3: We're still waiting on zoom Deckers and take to Interactive
Speaker 3: in addition to some others. Let's get back to some
Speaker 3: stocks though that moved in the actual cash session today.
Speaker 3: I want to go to Ralph Lauren. Shares of Ralph
Speaker 3: Laurens surge today. This after the company reported revenue and
Speaker 3: profit that beat analyst estimates. Its finished higher by fourteen
Speaker 3: percent today. Sales growth was led by Asia, particularly in China.
Speaker 3: Sales increased thirty one percent on a reported basis. The
Speaker 3: company's core customer is resilient and able to withstand tariffs
Speaker 3: and economic uncertainty. Once again, Shares of Ralph Lauren up
Speaker 3: by thirteen point eight percent. We'll go ahead and round
Speaker 3: that up and more retail this time football as we do,
Speaker 3: wait for deckers perous. Look at this, yeah, burgenstock. Yeah,
Speaker 3: I know this is your favorite romain. It is the
Speaker 3: Arizona Sandal. Yeah, you've a whole closet full of them.
Speaker 3: I know you wearn with socks. That's weird with a
Speaker 3: bow tie.
Speaker 1: The other day, I you know, I was, you know,
Speaker 1: we had to go to a graduation.
Speaker 5: Yeah, my son, my teenage sign of course, he only
Speaker 5: brought sweatpants for some reason.
Speaker 4: He wasn't the one graduating, was it.
Speaker 1: My wife took them to the mall to get something.
Speaker 1: He came back with Bergen socks.
Speaker 3: Yes, okay, So that's the ultimate signal that maybe they
Speaker 3: are cool.
Speaker 1: Yeah, and they're good against.
Speaker 4: And they could for your feet. Shares up today it
Speaker 4: impact sweatpants by more.
Speaker 3: Than nineteen percent, the most going back to April of
Speaker 3: twenty twenty five. The company entered two hundred fifty million
Speaker 3: dollar accelerated sherry purchase agreement with Goldman Sachserman.
Speaker 4: I know, we got some other earnings crossing.
Speaker 1: Yeah, let's take a look at take too.
Speaker 5: Of course, kind of the backbone of a lot of
Speaker 5: the Internet and the video that you watch here. The
Speaker 5: company saying that in its most recent quarter it did
Speaker 5: see netbookings of about one point five eight billion. The
Speaker 5: street was looking for about one point five to seven.
Speaker 5: So we'll call that a match, if you will, for
Speaker 5: what the street was looking for. But the shares are
Speaker 5: moving lower here, and it does appear to have to
Speaker 5: do with the forecast. The company says netbookings for the
Speaker 5: current quarter that we're in one point three to two
Speaker 5: to one point three seven billion, that's well below street estimates.
Speaker 5: The street was looking for one point five to seven.
Speaker 5: The company also says that just ADPs in the current
Speaker 5: quarter will be twenty five cents to thirty five cents,
Speaker 5: which also looks like it might be a touchlight as well.
Speaker 5: The company also providing guidance for the full year, but
Speaker 5: it's a similar story. Netbookings for the full year eight
Speaker 5: billion to eight point two billion. The street was looking
Speaker 5: for nine point one so very below estimates here on
Speaker 5: some of these key numbers.
Speaker 3: Well Zoom shares shooting iron the after hours, up by
Speaker 3: more than three percent right now. The company boosted its
Speaker 3: fiscal year revenue forecast. It beat estimates first quarter adjusted
Speaker 3: innings per share also came in above estimates at dollar
Speaker 3: fifty five. The company c second quarter revenue one point
Speaker 3: twenty seven billion to two to one point two seven
Speaker 3: billion dollars. That's just smack in line with estimates. Fiscally
Speaker 3: your revenue. The outloo that's looking at earnings excuse me, fisically,
Speaker 3: you're adjusted earnings per share of five dollars and ninety
Speaker 3: six cents to six dollars. That's what has investors excited.
Speaker 3: It saw five seventy seven to five eighty one once again,
Speaker 3: shares of Zoom Communications up right now by just about
Speaker 3: three point nine percent.
Speaker 5: Decker shares oscillating between gains and losses in the after hour.
Speaker 5: As Tree, this is the company behind Ugg and Hokah shoes.
Speaker 5: Their fourth quarter net sales did actually rise here and
Speaker 5: did actually beat estimates, up about nine point six percent
Speaker 5: year over year to one point one two billion. The
Speaker 5: street was looking for one point eight billion EPs coming
Speaker 5: in and ninety six cents of share, which is slightly
Speaker 5: lower than what it was a year ago. Here I
Speaker 5: have to look for the comp but on an operating
Speaker 5: income basis, it does appear that they beat one fifty
Speaker 5: six million the street was looking for one thirty six
Speaker 5: million a year. We'll dive a little bit deeper into
Speaker 5: that there, but you can see the shares trying to
Speaker 5: get back into the green.
Speaker 6: I'm interested to hear what Doom will say and the
Speaker 6: earnings call, because they're now really amping up their use
Speaker 6: of AI and I feel like even in today's world,
Speaker 6: we been six years over the pandemic, people are still
Speaker 6: using zoom a lot.
Speaker 7: Yeah, and it's interesting to get a read here on
Speaker 7: the consumer when you look at Decker's Outdoor as we
Speaker 7: continue to kind of understand the ke shaped economy. We
Speaker 7: saw Walmart really selling off Ralph Lauren beating estimates here,
Speaker 7: and then Decker's Outdoor kind of right in the middle
Speaker 7: there and gaining.
Speaker 1: So a bright spot at least for the consumer, did
Speaker 1: you Ralph Lauren?
Speaker 5: I thought their conference call was interesting beause they talked
Speaker 5: a lot and they said, look, basically, and I'm paraphrasing here,
Speaker 5: basically said our customers.
Speaker 1: Are rich and they're going to write y right. That's
Speaker 1: a paraphrase, So please don't anybody to.
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