1
00:00:02,520 --> 00:00:09,800
Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

2
00:00:09,880 --> 00:00:13,320
Speaker 2: This is the closing bell on this stock movers report.

3
00:00:13,560 --> 00:00:16,520
Speaker 2: The company's making moves at the close of US trading

4
00:00:16,760 --> 00:00:21,520
Speaker 2: with Carol Masser, Tim Stenovak, Romain, Bostik, and Scarlett.

5
00:00:21,079 --> 00:00:25,239
Speaker 3: Food S and P five hundred keeping a watch on

6
00:00:25,320 --> 00:00:27,760
Speaker 3: that two hundred and eighty four names gaining ground on

7
00:00:27,800 --> 00:00:30,360
Speaker 3: this Thursday, two hundred and seventeen to the downside.

8
00:00:29,960 --> 00:00:33,120
Speaker 1: To unchanged intel actually crossing the wire right now, so

9
00:00:33,200 --> 00:00:35,320
Speaker 1: let's just jump right to that. The company, for that

10
00:00:35,400 --> 00:00:38,040
Speaker 1: the most recent quarter, the third quarter, says that justin

11
00:00:38,080 --> 00:00:41,279
Speaker 1: EPs came in at twenty three cents a share. Now

12
00:00:41,320 --> 00:00:43,120
Speaker 1: the street was looking for one point two cents, so

13
00:00:43,200 --> 00:00:45,360
Speaker 1: that does look like a beat. Revenue was up about

14
00:00:45,360 --> 00:00:48,280
Speaker 1: three percent a year over a year here also looks

15
00:00:48,280 --> 00:00:50,560
Speaker 1: like it coming in slightly above what the street was

16
00:00:50,560 --> 00:00:52,800
Speaker 1: looking for at thirteen point sixty five billion. But here's

17
00:00:52,840 --> 00:00:55,280
Speaker 1: your forecast. The company says that for the fourth quarter,

18
00:00:55,480 --> 00:00:57,360
Speaker 1: revenue will be in a range of twelve point eight

19
00:00:57,400 --> 00:01:01,320
Speaker 1: to thirteen point eight billion dollars. Company also saying that

20
00:01:01,360 --> 00:01:04,360
Speaker 1: it continues to see some marginal improvement here on the

21
00:01:04,360 --> 00:01:07,520
Speaker 1: build out of that data center ANDAI revenue business, which

22
00:01:07,560 --> 00:01:09,800
Speaker 1: came in at four point one two billion in the

23
00:01:09,840 --> 00:01:10,640
Speaker 1: most recent quarter.

24
00:01:10,880 --> 00:01:13,360
Speaker 4: And I think notably our Ed Ludlow has been speaking

25
00:01:13,360 --> 00:01:15,800
Speaker 4: with the CFO of the company. I'm really talking about

26
00:01:15,800 --> 00:01:17,640
Speaker 4: how the market turned out to be stronger than they

27
00:01:17,680 --> 00:01:20,880
Speaker 4: originally anticipated coming into the quarter. They're particularly thinking that

28
00:01:21,120 --> 00:01:23,680
Speaker 4: areas like serve build out was better. They saw a

29
00:01:23,680 --> 00:01:26,320
Speaker 4: lot of money initially, as they say, go to GPUs

30
00:01:26,319 --> 00:01:28,399
Speaker 4: for AI servers, but there are a significant aunt of

31
00:01:28,400 --> 00:01:31,640
Speaker 4: workload that can be handled by their own CPUs, so

32
00:01:31,680 --> 00:01:33,160
Speaker 4: I think there is an area of growth. And they

33
00:01:33,200 --> 00:01:35,520
Speaker 4: were saying, look, we were were cautious about tariffs or

34
00:01:35,560 --> 00:01:38,280
Speaker 4: cautious about noise, but on the data center side, a

35
00:01:38,319 --> 00:01:40,479
Speaker 4: bit of a surprise when it comes into how much

36
00:01:40,480 --> 00:01:41,959
Speaker 4: stronger it was in terms of demand.

37
00:01:42,120 --> 00:01:44,880
Speaker 5: I'm also looking for any commentary about the US government

38
00:01:44,959 --> 00:01:49,000
Speaker 5: investment in Intel, and certainly we did hear from the

39
00:01:49,040 --> 00:01:52,160
Speaker 5: company on that in the press release quote we took

40
00:01:52,200 --> 00:01:55,960
Speaker 5: meaningful steps this quarter's strengthen our balance sheet, including accelerated

41
00:01:56,000 --> 00:01:58,720
Speaker 5: funding from the US government and investments by Nvidia and

42
00:01:58,800 --> 00:02:02,440
Speaker 5: SoftBank Group to increase are operational flexibility and demonstrate the

43
00:02:02,440 --> 00:02:05,720
Speaker 5: critical role we play in the ecosystem, this accorded Intel's

44
00:02:05,720 --> 00:02:07,360
Speaker 5: CFO David Zizner.

45
00:02:07,600 --> 00:02:10,320
Speaker 3: Yeah, and then addressing AI, right, so important. AI is

46
00:02:10,360 --> 00:02:14,919
Speaker 3: accelerating demand for compute and creating attractive opportunities across our portfolio.

47
00:02:15,280 --> 00:02:17,720
Speaker 3: And they talk about including in their core at X

48
00:02:17,800 --> 00:02:21,600
Speaker 3: eighty six platforms. They say new efforts in other metrics,

49
00:02:21,600 --> 00:02:24,040
Speaker 3: but again addressing some of those issues. And again we're

50
00:02:24,080 --> 00:02:28,320
Speaker 3: watching Intel in the aftermarket. I'm looking at that trade

51
00:02:28,400 --> 00:02:30,160
Speaker 3: up about three point seven percent.

52
00:02:29,919 --> 00:02:31,880
Speaker 1: Up about three point seven percent. And it gets to

53
00:02:31,919 --> 00:02:34,360
Speaker 1: this idea here that what is sort of the future.

54
00:02:34,400 --> 00:02:37,280
Speaker 1: We talk about a new CEO, we talk about new investments,

55
00:02:37,360 --> 00:02:40,240
Speaker 1: but it's still the same old problems. And I am curious.

56
00:02:40,400 --> 00:02:42,639
Speaker 1: I mean, I look at these comments Caroline coming out

57
00:02:42,639 --> 00:02:45,720
Speaker 1: of here, co host ed Ludlow here, and again I mean,

58
00:02:45,760 --> 00:02:48,960
Speaker 1: how do you articulate two investors what the long term

59
00:02:49,040 --> 00:02:49,600
Speaker 1: story is.

60
00:02:50,000 --> 00:02:52,440
Speaker 4: Yeah, about the foundry business, who are going to be

61
00:02:52,600 --> 00:02:55,320
Speaker 4: the ultimate demand base for the chips that they might

62
00:02:55,360 --> 00:02:57,560
Speaker 4: or might not manufacture over in Ohio. They've got to

63
00:02:57,560 --> 00:03:00,600
Speaker 4: stay committed to that particular buildout. And that is why

64
00:03:00,600 --> 00:03:02,960
Speaker 4: the US government had been such a signal that they

65
00:03:03,000 --> 00:03:05,080
Speaker 4: are going to ensure that people come to them for

66
00:03:05,160 --> 00:03:07,839
Speaker 4: their chip manufacturing. That's why we do wonder about where

67
00:03:07,880 --> 00:03:10,080
Speaker 4: AMD goes for its next chips to be made when

68
00:03:10,160 --> 00:03:12,120
Speaker 4: video eventually does, and why is such an important and

69
00:03:12,120 --> 00:03:13,440
Speaker 4: strategic investment coming from there.

70
00:03:13,440 --> 00:03:16,400
Speaker 5: We're actually seeing shares rise now in the after hours,

71
00:03:16,520 --> 00:03:18,720
Speaker 5: up even more than they were earlier just minutes ago.

72
00:03:18,760 --> 00:03:21,040
Speaker 5: Of course, the call has not happened yet, but investors

73
00:03:21,040 --> 00:03:24,399
Speaker 5: making their way through the press release the commentary from

74
00:03:24,560 --> 00:03:27,680
Speaker 5: Ed's interview with the CFO, Intel shares up six percent

75
00:03:27,720 --> 00:03:28,680
Speaker 5: in the after hours in.

76
00:03:28,760 --> 00:03:30,720
Speaker 3: King out with a write through and saying of course

77
00:03:30,840 --> 00:03:34,400
Speaker 3: okay here. Intel giving an upbeat revenue forecast after PC

78
00:03:34,560 --> 00:03:38,680
Speaker 3: demand grew, boosting optimism about a comeback attempt by the company.

79
00:03:39,080 --> 00:03:42,080
Speaker 3: Companies fourth quarter sales will be twelve point eight billion

80
00:03:42,120 --> 00:03:44,680
Speaker 3: to thirteen point eight with the midpoint of that range

81
00:03:44,680 --> 00:03:47,840
Speaker 3: being thirteen point three, just below Wall Street's estimate of

82
00:03:47,920 --> 00:03:51,800
Speaker 3: thirteen point four billion dollars, and that the CFO Dave Zinzer,

83
00:03:51,920 --> 00:03:55,160
Speaker 3: saying current demand is outpacing supply, a trend we expect

84
00:03:55,200 --> 00:03:58,400
Speaker 3: will persist into twenty twenty six, and the company's third

85
00:03:58,440 --> 00:04:02,120
Speaker 3: quarter results exceeded its actions based on the underlying strength

86
00:04:02,400 --> 00:04:06,000
Speaker 3: of our core markets. That sounds pretty upbeat, and you know, investors'

87
00:04:06,040 --> 00:04:08,280
Speaker 3: expectations remain, you know, are high. This stock is up

88
00:04:08,400 --> 00:04:11,440
Speaker 3: ninety percent and one big investor, the US, the number

89
00:04:11,480 --> 00:04:13,240
Speaker 3: three investor in this company.

90
00:04:12,920 --> 00:04:14,640
Speaker 1: And that seems to be why it's riding high. It's

91
00:04:14,680 --> 00:04:16,800
Speaker 1: kind of interesting too. They also talk about the refresh

92
00:04:16,800 --> 00:04:19,320
Speaker 1: cycle on PC's and that might actually be the bridge

93
00:04:19,440 --> 00:04:21,200
Speaker 1: for this company. We talked about this a little bit

94
00:04:21,240 --> 00:04:24,679
Speaker 1: yesterday about Tesla and it's sort of robotic autonomous future,

95
00:04:24,680 --> 00:04:26,719
Speaker 1: but it still needs that money from the here and

96
00:04:26,800 --> 00:04:29,080
Speaker 1: now to sort of bridge that gap. We're going to

97
00:04:29,080 --> 00:04:31,400
Speaker 1: continue to break down the results coming out of Intel.

98
00:04:31,400 --> 00:04:34,320
Speaker 1: The shares up six percent, BEFOD shares now moving in

99
00:04:34,360 --> 00:04:35,119
Speaker 1: the opposite direction.

100
00:04:35,240 --> 00:04:37,040
Speaker 3: Yeah, let's get to it. Let's get to the forecast,

101
00:04:37,080 --> 00:04:39,479
Speaker 3: which is something that we certainly care about. The company,

102
00:04:39,520 --> 00:04:41,400
Speaker 3: Ford saying it sees one and a half to two

103
00:04:41,440 --> 00:04:45,560
Speaker 3: billion dollars adjusted EBIT hit in twenty twenty five from

104
00:04:45,560 --> 00:04:47,760
Speaker 3: the Novellas fire. This is that fire that we have

105
00:04:48,200 --> 00:04:53,040
Speaker 3: talked about that has certainly impact was it aluminum specifically,

106
00:04:53,120 --> 00:04:56,960
Speaker 3: and certainly maybe it shut down some of their factories. Also,

107
00:04:57,000 --> 00:05:00,839
Speaker 3: the company sees fiscal year adjusted ebit have six billion

108
00:05:00,880 --> 00:05:02,560
Speaker 3: to six and a half billion, had seen six and

109
00:05:02,600 --> 00:05:04,760
Speaker 3: a half to seven point five and you can see

110
00:05:04,760 --> 00:05:07,680
Speaker 3: that stock right now down about three point three percent

111
00:05:07,720 --> 00:05:08,800
Speaker 3: here in the aftermarket.

112
00:05:08,839 --> 00:05:11,120
Speaker 1: Hopefully these end up being more one off types of

113
00:05:11,200 --> 00:05:13,719
Speaker 1: costs here, but a lot of questions really about the

114
00:05:13,800 --> 00:05:17,040
Speaker 1: longer term strategy, particularly with some of the peelback in

115
00:05:17,080 --> 00:05:19,839
Speaker 1: that EV build out and the refocus in on some

116
00:05:19,880 --> 00:05:22,080
Speaker 1: of those ice vehicles. We should point out the company

117
00:05:22,320 --> 00:05:24,880
Speaker 1: are also coming out with the statement right now about

118
00:05:24,920 --> 00:05:27,200
Speaker 1: some new models starting new model production here on that

119
00:05:27,279 --> 00:05:30,440
Speaker 1: Ford F one to fifty conversation in just a few

120
00:05:30,480 --> 00:05:33,960
Speaker 1: minutes time that we're going to have with the CEO, Jim.

121
00:05:33,760 --> 00:05:36,360
Speaker 4: Farley, and I think that it's notable he's speaking once

122
00:05:36,400 --> 00:05:39,719
Speaker 4: again directly to the administration here that Michigan based company

123
00:05:39,760 --> 00:05:41,600
Speaker 4: is going to be creating jobs, a thousand of them

124
00:05:41,600 --> 00:05:44,280
Speaker 4: at factories in Michigan and Kentucky. They're talking about helping

125
00:05:44,320 --> 00:05:48,600
Speaker 4: boost truck production to fifty thousand units next year. More broadly, yes,

126
00:05:48,640 --> 00:05:50,760
Speaker 4: they've been implicated by this fire, but they're really trying

127
00:05:50,760 --> 00:05:53,240
Speaker 4: to remain committed to the fact that their plant is

128
00:05:53,279 --> 00:05:56,760
Speaker 4: aiming to build forty five thousand additional trucks for remaining

129
00:05:56,800 --> 00:05:59,080
Speaker 4: five thousand to be produced out of the Kentucky truck plants.

130
00:05:59,120 --> 00:06:01,360
Speaker 4: So really trying to find that recovery story here out

131
00:06:01,360 --> 00:06:01,719
Speaker 4: of Ford.

132
00:06:01,839 --> 00:06:05,000
Speaker 5: Four chares down four percent in the after hours. Again,

133
00:06:05,040 --> 00:06:07,000
Speaker 5: we're gonna hear from Jim Farley, the CEO of the

134
00:06:07,040 --> 00:06:10,360
Speaker 5: company four twenty Wall Street time, sitting down with Romain

135
00:06:10,480 --> 00:06:12,839
Speaker 5: and Matt Miller. The company did cut its adjusted EBIT

136
00:06:12,880 --> 00:06:15,000
Speaker 5: guidance for the full year. The guidance did miss the

137
00:06:15,040 --> 00:06:18,359
Speaker 5: average analyst estimates. Shares still down just about three point

138
00:06:18,480 --> 00:06:19,040
Speaker 5: six percent.

139
00:06:19,120 --> 00:06:21,280
Speaker 3: Yeah, the automaker also saying planning to boost that F one,

140
00:06:21,360 --> 00:06:24,200
Speaker 3: fifty and super duty truck production. We know trucks have

141
00:06:24,240 --> 00:06:26,599
Speaker 3: been so important to Ford to boost the F series

142
00:06:26,600 --> 00:06:29,560
Speaker 3: production volume by fifty thousand plus and twenty twenty six,

143
00:06:29,880 --> 00:06:33,280
Speaker 3: citing custom demand, recover losses from that fire. But again

144
00:06:33,720 --> 00:06:35,160
Speaker 3: a lot of questions will come on that fire. We

145
00:06:35,240 --> 00:06:38,720
Speaker 3: assume one time theme, but the longer it has had

146
00:06:38,720 --> 00:06:41,960
Speaker 3: an impact, certainly the impact will carry over a little

147
00:06:42,000 --> 00:06:42,680
Speaker 3: bit longer as well.

148
00:06:42,720 --> 00:06:44,320
Speaker 1: I just want to get to some other earnings real quickly,

149
00:06:44,360 --> 00:06:46,520
Speaker 1: and we'll get back to Intel and for Deckers, the

150
00:06:46,520 --> 00:06:49,440
Speaker 1: maker of ugs and Hokah's shoes, out with their results

151
00:06:49,640 --> 00:06:51,760
Speaker 1: in line for the fiscal second quarter on a net

152
00:06:51,839 --> 00:06:54,640
Speaker 1: sales basis one point four to three billion dollars. Here's

153
00:06:54,680 --> 00:06:57,159
Speaker 1: your guidance going forward. The company says for the full year,

154
00:06:57,480 --> 00:07:00,400
Speaker 1: expect five point three five billion dollars in sales. That's

155
00:07:00,440 --> 00:07:02,480
Speaker 1: a little bit light than what the street was looking

156
00:07:02,520 --> 00:07:05,040
Speaker 1: for at about five point four to five on average.

157
00:07:05,120 --> 00:07:07,440
Speaker 1: The company says gross margins, though, should come in a

158
00:07:07,440 --> 00:07:09,440
Speaker 1: little bit higher than what the street was looking for

159
00:07:09,480 --> 00:07:12,520
Speaker 1: at fifty six percent. Operating margin of twenty one point

160
00:07:12,560 --> 00:07:16,080
Speaker 1: five percent. That's your guidance for the full year EPs, adjusted,

161
00:07:16,120 --> 00:07:19,400
Speaker 1: of course, as it typically is six dollars and thirty

162
00:07:19,480 --> 00:07:21,520
Speaker 1: cents to six thirty nine, the low end of that

163
00:07:21,640 --> 00:07:23,640
Speaker 1: range right around what the street was looking for. Here,

164
00:07:23,800 --> 00:07:25,960
Speaker 1: though you see the shares pulling back about three percent.

165
00:07:26,480 --> 00:07:28,960
Speaker 4: Meanwhile, we can look at one particular company that's spiking

166
00:07:28,960 --> 00:07:31,720
Speaker 4: on the pack of its numbers, payments company Western Union.

167
00:07:31,880 --> 00:07:34,360
Speaker 4: We're seeing revenue one point zero three billion, that's just

168
00:07:34,400 --> 00:07:36,520
Speaker 4: slightly ahead of expectations. But see justin dearnings, but share

169
00:07:36,520 --> 00:07:38,880
Speaker 4: they are looking strong forty seven cents. The estimate was

170
00:07:38,920 --> 00:07:41,160
Speaker 4: for forty three cents, and they still see their fully

171
00:07:41,240 --> 00:07:44,800
Speaker 4: operating margin of eighteen to twenty cents. We're seeing jump

172
00:07:44,880 --> 00:07:47,200
Speaker 4: about what four point four percent, as it seems to

173
00:07:47,240 --> 00:07:49,840
Speaker 4: be that resilience coming from this payment company amid some

174
00:07:49,920 --> 00:07:51,280
Speaker 4: of the competition coming to the market.

175
00:07:51,360 --> 00:07:54,440
Speaker 5: All right, you got payments, I got gold with Numont Corporation.

176
00:07:54,520 --> 00:07:57,560
Speaker 5: Shares bounce in between gains and losses in the after hours.

177
00:07:57,560 --> 00:08:00,960
Speaker 5: The company out with numbers were arding adjusted innings per

178
00:08:00,960 --> 00:08:03,880
Speaker 5: share for the third quarter that beat the average analyst estimate.

179
00:08:04,080 --> 00:08:06,560
Speaker 5: Adjusted innings per share came in above estimates at one

180
00:08:06,600 --> 00:08:10,000
Speaker 5: dollar and seventy one cents, sales of five point five

181
00:08:10,040 --> 00:08:12,440
Speaker 5: two billion dollars that beat estimates a five point two

182
00:08:12,560 --> 00:08:14,720
Speaker 5: nine billion dollars. Shares up in the after hours just

183
00:08:14,760 --> 00:08:17,640
Speaker 5: about half a percentage point.

184
00:08:17,520 --> 00:08:21,520
Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with

185
00:08:21,600 --> 00:08:24,200
Speaker 2: us throughout the day for the latest roundup of companies

186
00:08:24,280 --> 00:08:27,360
Speaker 2: making news on Wall Street and for the latest market

187
00:08:27,400 --> 00:08:31,880
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

188
00:08:31,960 --> 00:08:35,440
Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with

189
00:08:35,520 --> 00:08:37,000
Speaker 2: the Bloomberg Business app.