Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The Stock Movers podcast, your roundup of companies making moves
Speaker 2: in the stock market. Harnessing the power of Bloomberg data.
Speaker 2: Let's take a look at some stocks on the move
Speaker 2: this week. Here in the studio with us is Bloomberg
Speaker 2: News Equities reporter Alexandra Semonova. Hey, I think we can
Speaker 2: transition right to another airline at the top of your list, alex.
Speaker 3: Yeah, I'm taking a look at American Airlines today. With
Speaker 3: the Drewids full year earnings outlook, a lot of companies
Speaker 3: have been doing that. It's also joining some of its
Speaker 3: peers and doing that. We saw that from Delta Airlines,
Speaker 3: the owner of Frontier. Obviously, as there's so much uncertainty
Speaker 3: about the outlook for consumers, there seems to be a
Speaker 3: pull back in travel demand. Obviously as tariffs we found
Speaker 3: the economic outlook.
Speaker 4: What's interesting though, is Americans we've had bad news on
Speaker 4: the airlines over the last month or so and saying
Speaker 4: a lot of it's maybe priced in already and that
Speaker 4: people are traveling. Yeah.
Speaker 1: I don't know if you have anything booked for the summer, alex,
Speaker 1: but post pandemic people are just waiting longer and longer
Speaker 1: to book their flights. I don't know what that has
Speaker 1: to do with I think also has to do it.
Speaker 4: Gay more like right like if you well, you came.
Speaker 1: More if you get closer to the date. But I
Speaker 1: think the flexibility now is helpful, Like you can there's
Speaker 1: so many tickets you can buy where it's just like,
Speaker 1: oh you can change that for no fee. Ye that
Speaker 1: was new during the pandemic.
Speaker 4: Yeah, that is, and that's sure.
Speaker 3: And I think also after the pandemic there's just this
Speaker 3: hunch to try and book trips as often as possible.
Speaker 3: That's just not going away. I don't know about you guys,
Speaker 3: but definitely take me somewhere exactly what else you got
Speaker 3: for us? So I'm also looking at Comcasts. They reported
Speaker 3: a pretty big loss in customers. They lost one hundred
Speaker 3: and ninety nine thousand domestic broadband customers and four hundred
Speaker 3: and twenty seven thousand PayTV customers in the fourth quarter
Speaker 3: first quarter. Rather, those losses were both more than Wall
Speaker 3: Street must expected pretty bad earnings right out here. The
Speaker 3: company's earnings actually rose to one point own nine to
Speaker 3: share that beat estimates, and their revenue fell slightly to
Speaker 3: twenty nine point nine billion dollars. But it was really
Speaker 3: again that customer metric that everyone was watching. And shares
Speaker 3: are falling today.
Speaker 4: Yeah, that's kind of tough. Stuck's down about eleven percent
Speaker 4: also year to date. IBM, it's a name that we
Speaker 4: were breaking down the earnings after the close yesterday.
Speaker 1: I was having a good year up until yesterday's report.
Speaker 3: Basically exactly, just basically, the takeaway from this report was
Speaker 3: that it wasn't good enough for investors. It wasn't necessarily bad,
Speaker 3: It's just that the bar is so high for this company.
Speaker 3: So the stock actually fell the most in a year today,
Speaker 3: suggesting economic uncertainty expectations that the cut and cost to
Speaker 3: government spending might affect the business. First quarter sales increased
Speaker 3: almost one percent of fourteen point five billion dollars and
Speaker 3: profit was one sixty a share. Again, the numbers aren't bad,
Speaker 3: just clearly disappointing investors. Not enough assurance that the business
Speaker 3: will be good.
Speaker 1: Yeah, I mean, we spoke to Brent dell Over at
Speaker 1: Jeffrey's yesterday who said that Arvin Krishna is doing a
Speaker 1: great job of transitioning this company away from hardware actually
Speaker 1: away from consulting, which it's been known for for years,
Speaker 1: and really focusing on moving to the AI and services,
Speaker 1: and they're just much more I think profitable.
Speaker 4: Yeah, certainly for the company.
Speaker 3: Right, there's a lot of competition, Yeah, competition, and also
Speaker 3: the CEO today saying in the near term, uncertainty may
Speaker 3: cause clients to pause. That keyword uncertainty has been just
Speaker 3: coming across you just.
Speaker 4: Allowed Is anybody allowed to use the word uncertainty at
Speaker 4: this point?
Speaker 3: I mean, everybody's using the words key word in the dictionary.
Speaker 4: It does seem like the only word in the dictionary. Certainly.
Speaker 4: I know we've been tracking, like how many times, like
Speaker 4: CEOs are saying it on Earning's color. I think we
Speaker 4: did last time around.
Speaker 3: Yeah, we're keeping an eye on that.
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