Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: I'm Jim Stataveech along with Carol Masser. Let's take a
Speaker 3: look at some stocks on the move today. We're joined
Speaker 3: by Bloomberg News Acuties reporter Natala Kenny j Bitch watching
Speaker 3: Nike in the after hours.
Speaker 4: Yes, guys, I'm looking at shares of Nike. The tickers
Speaker 4: and key E shares are currently up by zero point
Speaker 4: eight percent and they climbed by as much as four percent.
Speaker 4: So basically, results came better than expected. We see strength
Speaker 4: in wholesale business North America segment. Overall revenue came at
Speaker 4: eleven point seven billion dollars and also expected eleven billion dollars. Meanwhile,
Speaker 4: sales fell by one percent on a currency adjusted neutral basis.
Speaker 4: And overall these reports, these results underscore that efforts to
Speaker 4: restructure business are kind of doing well. We see that
Speaker 4: Nike is clearing out old inventories and also working with
Speaker 4: wholesale segment overall.
Speaker 1: Yeah, we talked to our Putam Goyle to Bloomberg Intelligence
Speaker 1: and very pleased in terms of what we got from
Speaker 1: the company today, Core we this was one in the
Speaker 1: regular trade that also rallied in today's.
Speaker 4: Exactly, so the stock finished the day by eleven point
Speaker 4: seven percent. Of course, it was huge news today Core
Speaker 4: We've agreed to supply computing power to meta platforms worth
Speaker 4: of fourteen point two billion dollars, and of course, as
Speaker 4: a part of this agreement, Core with will provide access
Speaker 4: to the latest n videas chips. Bloomberg Intelligence analysts are
Speaker 4: saying that this is a very good development as it
Speaker 4: kind of eases a little bit reliance on big customers.
Speaker 4: We know that Microsoft accounts for about seventy percent of
Speaker 4: its revenue and customers. However, many analysts also emphasize that
Speaker 4: it's also a matter of debt, metal of leverage, because yes,
Speaker 4: the company has all these contracts, but now it's a
Speaker 4: matter of financing. Overall, the stock is up by almost
Speaker 4: two hundred and fifty percent since it's ipl.
Speaker 1: And we're gonna just mention Lynthium America's because the US
Speaker 1: of government agreed to acquire a stake in the company.
Speaker 1: Secretary of Energy Chris Wright saying on Bloomberg TV, giving
Speaker 1: a boost to the Canadian company as it develops its
Speaker 1: Thacker Pass lithium project in Nevada. And so we did
Speaker 1: see this one in the aftermarket tim moving higher.
Speaker 3: Yeah, ticker for that is lac up in the after hours. Yeah,
Speaker 3: so definitely see triple digit moves last week closed up
Speaker 3: close to one hundred percent, up more than ninety percent
Speaker 3: so far this year.
Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with
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