WEBVTT - Closing Bell: IMB Gains, Ralph Lauren Jumps, Walmart Slides

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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 Greifel.

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<v Speaker 3>Let's focus on the green at least right now and

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<v Speaker 3>talk about some of the big gainers for the day.

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<v Speaker 3>I want to start with shares of IBM. Wow, they

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<v Speaker 3>searched hired. This is crazy, this is crazy right, twelve

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<v Speaker 3>percent to the upside. This after the Trump administration agreed

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<v Speaker 3>to award a billion dollars to the company. It's going

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<v Speaker 3>to build a foundry for producing quantum computing chips. IBM

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<v Speaker 3>will also invest a billion dollars into a new company

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<v Speaker 3>called Andern.

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<v Speaker 4>It'll produce the processors.

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<v Speaker 3>The government awarded funding to more than a half dozen

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<v Speaker 3>other companies. That's part of this broader two billion dollars

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<v Speaker 3>support package from the Commerce Department for quantum computing. Once again,

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<v Speaker 3>shares hired today by twelve point four percent.

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<v Speaker 5>I do want it to enterrupt. We are getting some

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<v Speaker 5>earnings out of ross Or. This is the discount retailer

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<v Speaker 5>basically reporting EPs that did rise on a year over

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<v Speaker 5>year basis two dollars and two cents of share versus

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<v Speaker 5>what they had the previous year at a dollar forty seven.

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<v Speaker 5>Not sure what the comparison is with regards to analysts estimates,

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<v Speaker 5>but when it comes to sales growth, our sales overall

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<v Speaker 5>for the most recent quarter, they did report about six

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<v Speaker 5>billion in sales right on the nose. The estimate was

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<v Speaker 5>for five point six. And here's your guidance here the

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<v Speaker 5>company says this, he's full year EPs of a dollar

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<v Speaker 5>eighty five to a dollar ninety three. And I'm going

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<v Speaker 5>to hold off on the comparison here because it looks

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<v Speaker 5>like the previous comparison was much higher than that, which

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<v Speaker 5>I think might actually be wrong. But you're seeing the

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<v Speaker 5>initial reaction right here, and they, okay, there is a correction.

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<v Speaker 5>So the EPs for the most recent fiscal year, for

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<v Speaker 5>the fiscal year in right now, the company is saying

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<v Speaker 5>expect seven dollars and fifty cents to seven dollars and

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<v Speaker 5>seventy four cents. Its previous guidance was or seven oh

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<v Speaker 5>two to seven thirty six.

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<v Speaker 1>So forget my pause there.

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<v Speaker 5>The headline threw me off there here, so as look

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<v Speaker 5>like they are guiding above their previous estimates.

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<v Speaker 1>Tim and you see that reflected in the shares in

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<v Speaker 1>the after hour trate.

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<v Speaker 3>Yeah, look at that Raw Stores up by more than

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<v Speaker 3>five point eight percent right now. One stock that is

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<v Speaker 3>sort of searching for direction but now moving significantly higher

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<v Speaker 3>is Workday shares in the after hours up by five

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<v Speaker 3>point three percent. The company's first quarter revenue did beat estimates,

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<v Speaker 3>first quarter adjusted earnings per share coming in above estimates

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<v Speaker 3>at two dollars and sixty six cents per share. The

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<v Speaker 3>company does see second quarter subscription revenue coming in above

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<v Speaker 3>estimates at two point four to six billion dollars. The

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<v Speaker 3>company still sees fiscal year subscription revenue at nine point

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<v Speaker 3>nine three to nine point nine to five billion dollars.

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<v Speaker 3>First quarter revenue did beat estimates at two point five

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<v Speaker 3>to four billion, and once again see second quarter subscription

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<v Speaker 3>revenue at two point four six billion dollars. This is

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<v Speaker 3>a company, though, that has gotten beat up over the

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<v Speaker 3>last few months. It's down more than sixty percent from

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<v Speaker 3>those highs back in twenty twenty four.

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<v Speaker 6>You see Raw Stars gain five percent in post market

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<v Speaker 6>trade on strong comp sales forecasts, So investors are kind

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<v Speaker 6>of liking that will wait for their earnings call shortly,

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<v Speaker 6>but right now it's looking like they're happy with that.

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<v Speaker 7>Yeah, and a bright spot here for Workday tim As

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<v Speaker 7>you mentioned the stock getting absolutely crushed over the last year.

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<v Speaker 7>It's kind of one of those quintessential software companies that

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<v Speaker 7>now has to prove that it's not going to be

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<v Speaker 7>disrupted by artificial intelligence, and at least in the latest earnings,

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<v Speaker 7>the shareholders are happy with the company's plans.

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<v Speaker 4>All right, So we've heard from Ross and Workday.

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<v Speaker 3>We're still waiting on zoom Deckers and take to Interactive

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<v Speaker 3>in addition to some others. Let's get back to some

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<v Speaker 3>stocks though that moved in the actual cash session today.

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<v Speaker 3>I want to go to Ralph Lauren. Shares of Ralph

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<v Speaker 3>Laurens surge today. This after the company reported revenue and

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<v Speaker 3>profit that beat analyst estimates. Its finished higher by fourteen

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<v Speaker 3>percent today. Sales growth was led by Asia, particularly in China.

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<v Speaker 3>Sales increased thirty one percent on a reported basis. The

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<v Speaker 3>company's core customer is resilient and able to withstand tariffs

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<v Speaker 3>and economic uncertainty. Once again, Shares of Ralph Lauren up

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<v Speaker 3>by thirteen point eight percent. We'll go ahead and round

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<v Speaker 3>that up and more retail this time football as we do,

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<v Speaker 3>wait for deckers perous. Look at this, yeah, burgenstock. Yeah,

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<v Speaker 3>I know this is your favorite romain. It is the

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<v Speaker 3>Arizona Sandal. Yeah, you've a whole closet full of them.

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<v Speaker 3>I know you wearn with socks. That's weird with a

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<v Speaker 3>bow tie.

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<v Speaker 1>The other day, I you know, I was, you know,

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<v Speaker 1>we had to go to a graduation.

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<v Speaker 5>Yeah, my son, my teenage sign of course, he only

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<v Speaker 5>brought sweatpants for some reason.

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<v Speaker 4>He wasn't the one graduating, was it.

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<v Speaker 1>My wife took them to the mall to get something.

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<v Speaker 1>He came back with Bergen socks.

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<v Speaker 3>Yes, okay, So that's the ultimate signal that maybe they

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<v Speaker 3>are cool.

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<v Speaker 1>Yeah, and they're good against.

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<v Speaker 4>And they could for your feet. Shares up today it

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<v Speaker 4>impact sweatpants by more.

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<v Speaker 3>Than nineteen percent, the most going back to April of

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<v Speaker 3>twenty twenty five. The company entered two hundred fifty million

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<v Speaker 3>dollar accelerated sherry purchase agreement with Goldman Sachserman.

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<v Speaker 4>I know, we got some other earnings crossing.

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<v Speaker 1>Yeah, let's take a look at take too.

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<v Speaker 5>Of course, kind of the backbone of a lot of

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<v Speaker 5>the Internet and the video that you watch here. The

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<v Speaker 5>company saying that in its most recent quarter it did

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<v Speaker 5>see netbookings of about one point five eight billion. The

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<v Speaker 5>street was looking for about one point five to seven.

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<v Speaker 5>So we'll call that a match, if you will, for

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<v Speaker 5>what the street was looking for. But the shares are

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<v Speaker 5>moving lower here, and it does appear to have to

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<v Speaker 5>do with the forecast. The company says netbookings for the

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<v Speaker 5>current quarter that we're in one point three to two

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<v Speaker 5>to one point three seven billion, that's well below street estimates.

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<v Speaker 5>The street was looking for one point five to seven.

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<v Speaker 5>The company also says that just ADPs in the current

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<v Speaker 5>quarter will be twenty five cents to thirty five cents,

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<v Speaker 5>which also looks like it might be a touchlight as well.

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<v Speaker 5>The company also providing guidance for the full year, but

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<v Speaker 5>it's a similar story. Netbookings for the full year eight

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<v Speaker 5>billion to eight point two billion. The street was looking

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<v Speaker 5>for nine point one so very below estimates here on

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<v Speaker 5>some of these key numbers.

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<v Speaker 3>Well Zoom shares shooting iron the after hours, up by

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<v Speaker 3>more than three percent right now. The company boosted its

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<v Speaker 3>fiscal year revenue forecast. It beat estimates first quarter adjusted

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<v Speaker 3>innings per share also came in above estimates at dollar

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<v Speaker 3>fifty five. The company c second quarter revenue one point

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<v Speaker 3>twenty seven billion to two to one point two seven

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<v Speaker 3>billion dollars. That's just smack in line with estimates. Fiscally

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<v Speaker 3>your revenue. The outloo that's looking at earnings excuse me, fisically,

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<v Speaker 3>you're adjusted earnings per share of five dollars and ninety

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<v Speaker 3>six cents to six dollars. That's what has investors excited.

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<v Speaker 3>It saw five seventy seven to five eighty one once again,

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<v Speaker 3>shares of Zoom Communications up right now by just about

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<v Speaker 3>three point nine percent.

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<v Speaker 5>Decker shares oscillating between gains and losses in the after hour.

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<v Speaker 5>As Tree, this is the company behind Ugg and Hokah shoes.

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<v Speaker 5>Their fourth quarter net sales did actually rise here and

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<v Speaker 5>did actually beat estimates, up about nine point six percent

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<v Speaker 5>year over year to one point one two billion. The

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<v Speaker 5>street was looking for one point eight billion EPs coming

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<v Speaker 5>in and ninety six cents of share, which is slightly

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<v Speaker 5>lower than what it was a year ago. Here I

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<v Speaker 5>have to look for the comp but on an operating

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<v Speaker 5>income basis, it does appear that they beat one fifty

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<v Speaker 5>six million the street was looking for one thirty six

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<v Speaker 5>million a year. We'll dive a little bit deeper into

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<v Speaker 5>that there, but you can see the shares trying to

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<v Speaker 5>get back into the green.

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<v Speaker 6>I'm interested to hear what Doom will say and the

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<v Speaker 6>earnings call, because they're now really amping up their use

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<v Speaker 6>of AI and I feel like even in today's world,

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<v Speaker 6>we been six years over the pandemic, people are still

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<v Speaker 6>using zoom a lot.

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<v Speaker 7>Yeah, and it's interesting to get a read here on

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<v Speaker 7>the consumer when you look at Decker's Outdoor as we

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<v Speaker 7>continue to kind of understand the ke shaped economy. We

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<v Speaker 7>saw Walmart really selling off Ralph Lauren beating estimates here,

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<v Speaker 7>and then Decker's Outdoor kind of right in the middle

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<v Speaker 7>there and gaining.

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<v Speaker 1>So a bright spot at least for the consumer, did

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<v Speaker 1>you Ralph Lauren?

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<v Speaker 5>I thought their conference call was interesting beause they talked

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<v Speaker 5>a lot and they said, look, basically, and I'm paraphrasing here,

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<v Speaker 5>basically said our customers.

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<v Speaker 1>Are rich and they're going to write y right. That's

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<v Speaker 1>a paraphrase, So please don't anybody to.

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<v Speaker 2>Try to correctly this stock movers report from Bloomberg Radio.

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<v Speaker 2>Check back with us throughout the day. For the latest

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<v Speaker 2>roundup of companies making news on Wall Street, and for

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