WEBVTT - Closing Bell: Intel Rises on Chip Rebound, Ford Lower on Novelis Fire, Deckers Outdoor Down

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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 Stenovak, Romain, Bostik, and Scarlett.

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<v Speaker 3>Food S and P five hundred keeping a watch on

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<v Speaker 3>that two hundred and eighty four names gaining ground on

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<v Speaker 3>this Thursday, two hundred and seventeen to the downside.

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<v Speaker 1>To unchanged intel actually crossing the wire right now, so

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<v Speaker 1>let's just jump right to that. The company, for that

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<v Speaker 1>the most recent quarter, the third quarter, says that justin

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<v Speaker 1>EPs came in at twenty three cents a share. Now

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<v Speaker 1>the street was looking for one point two cents, so

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<v Speaker 1>that does look like a beat. Revenue was up about

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<v Speaker 1>three percent a year over a year here also looks

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<v Speaker 1>like it coming in slightly above what the street was

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<v Speaker 1>looking for at thirteen point sixty five billion. But here's

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<v Speaker 1>your forecast. The company says that for the fourth quarter,

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<v Speaker 1>revenue will be in a range of twelve point eight

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<v Speaker 1>to thirteen point eight billion dollars. Company also saying that

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<v Speaker 1>it continues to see some marginal improvement here on the

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<v Speaker 1>build out of that data center ANDAI revenue business, which

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<v Speaker 1>came in at four point one two billion in the

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<v Speaker 1>most recent quarter.

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<v Speaker 4>And I think notably our Ed Ludlow has been speaking

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<v Speaker 4>with the CFO of the company. I'm really talking about

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<v Speaker 4>how the market turned out to be stronger than they

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<v Speaker 4>originally anticipated coming into the quarter. They're particularly thinking that

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<v Speaker 4>areas like serve build out was better. They saw a

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<v Speaker 4>lot of money initially, as they say, go to GPUs

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<v Speaker 4>for AI servers, but there are a significant aunt of

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<v Speaker 4>workload that can be handled by their own CPUs, so

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<v Speaker 4>I think there is an area of growth. And they

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<v Speaker 4>were saying, look, we were were cautious about tariffs or

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<v Speaker 4>cautious about noise, but on the data center side, a

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<v Speaker 4>bit of a surprise when it comes into how much

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<v Speaker 4>stronger it was in terms of demand.

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<v Speaker 5>I'm also looking for any commentary about the US government

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<v Speaker 5>investment in Intel, and certainly we did hear from the

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<v Speaker 5>company on that in the press release quote we took

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<v Speaker 5>meaningful steps this quarter's strengthen our balance sheet, including accelerated

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<v Speaker 5>funding from the US government and investments by Nvidia and

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<v Speaker 5>SoftBank Group to increase are operational flexibility and demonstrate the

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<v Speaker 5>critical role we play in the ecosystem, this accorded Intel's

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<v Speaker 5>CFO David Zizner.

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<v Speaker 3>Yeah, and then addressing AI, right, so important. AI is

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<v Speaker 3>accelerating demand for compute and creating attractive opportunities across our portfolio.

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<v Speaker 3>And they talk about including in their core at X

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<v Speaker 3>eighty six platforms. They say new efforts in other metrics,

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<v Speaker 3>but again addressing some of those issues. And again we're

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<v Speaker 3>watching Intel in the aftermarket. I'm looking at that trade

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<v Speaker 3>up about three point seven percent.

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<v Speaker 1>Up about three point seven percent. And it gets to

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<v Speaker 1>this idea here that what is sort of the future.

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<v Speaker 1>We talk about a new CEO, we talk about new investments,

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<v Speaker 1>but it's still the same old problems. And I am curious.

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<v Speaker 1>I mean, I look at these comments Caroline coming out

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<v Speaker 1>of here, co host ed Ludlow here, and again I mean,

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<v Speaker 1>how do you articulate two investors what the long term

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<v Speaker 1>story is.

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<v Speaker 4>Yeah, about the foundry business, who are going to be

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<v Speaker 4>the ultimate demand base for the chips that they might

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<v Speaker 4>or might not manufacture over in Ohio. They've got to

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<v Speaker 4>stay committed to that particular buildout. And that is why

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<v Speaker 4>the US government had been such a signal that they

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<v Speaker 4>are going to ensure that people come to them for

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<v Speaker 4>their chip manufacturing. That's why we do wonder about where

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<v Speaker 4>AMD goes for its next chips to be made when

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<v Speaker 4>video eventually does, and why is such an important and

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<v Speaker 4>strategic investment coming from there.

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<v Speaker 5>We're actually seeing shares rise now in the after hours,

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<v Speaker 5>up even more than they were earlier just minutes ago.

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<v Speaker 5>Of course, the call has not happened yet, but investors

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<v Speaker 5>making their way through the press release the commentary from

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<v Speaker 5>Ed's interview with the CFO, Intel shares up six percent

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<v Speaker 5>in the after hours in.

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<v Speaker 3>King out with a write through and saying of course

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<v Speaker 3>okay here. Intel giving an upbeat revenue forecast after PC

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<v Speaker 3>demand grew, boosting optimism about a comeback attempt by the company.

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<v Speaker 3>Companies fourth quarter sales will be twelve point eight billion

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<v Speaker 3>to thirteen point eight with the midpoint of that range

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<v Speaker 3>being thirteen point three, just below Wall Street's estimate of

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<v Speaker 3>thirteen point four billion dollars, and that the CFO Dave Zinzer,

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<v Speaker 3>saying current demand is outpacing supply, a trend we expect

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<v Speaker 3>will persist into twenty twenty six, and the company's third

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<v Speaker 3>quarter results exceeded its actions based on the underlying strength

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<v Speaker 3>of our core markets. That sounds pretty upbeat, and you know, investors'

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<v Speaker 3>expectations remain, you know, are high. This stock is up

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<v Speaker 3>ninety percent and one big investor, the US, the number

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<v Speaker 3>three investor in this company.

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<v Speaker 1>And that seems to be why it's riding high. It's

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<v Speaker 1>kind of interesting too. They also talk about the refresh

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<v Speaker 1>cycle on PC's and that might actually be the bridge

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<v Speaker 1>for this company. We talked about this a little bit

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<v Speaker 1>yesterday about Tesla and it's sort of robotic autonomous future,

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<v Speaker 1>but it still needs that money from the here and

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<v Speaker 1>now to sort of bridge that gap. We're going to

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<v Speaker 1>continue to break down the results coming out of Intel.

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<v Speaker 1>The shares up six percent, BEFOD shares now moving in

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<v Speaker 1>the opposite direction.

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<v Speaker 3>Yeah, let's get to it. Let's get to the forecast,

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<v Speaker 3>which is something that we certainly care about. The company,

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<v Speaker 3>Ford saying it sees one and a half to two

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<v Speaker 3>billion dollars adjusted EBIT hit in twenty twenty five from

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<v Speaker 3>the Novellas fire. This is that fire that we have

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<v Speaker 3>talked about that has certainly impact was it aluminum specifically,

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<v Speaker 3>and certainly maybe it shut down some of their factories. Also,

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<v Speaker 3>the company sees fiscal year adjusted ebit have six billion

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<v Speaker 3>to six and a half billion, had seen six and

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<v Speaker 3>a half to seven point five and you can see

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<v Speaker 3>that stock right now down about three point three percent

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<v Speaker 3>here in the aftermarket.

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<v Speaker 1>Hopefully these end up being more one off types of

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<v Speaker 1>costs here, but a lot of questions really about the

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<v Speaker 1>longer term strategy, particularly with some of the peelback in

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<v Speaker 1>that EV build out and the refocus in on some

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<v Speaker 1>of those ice vehicles. We should point out the company

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<v Speaker 1>are also coming out with the statement right now about

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<v Speaker 1>some new models starting new model production here on that

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<v Speaker 1>Ford F one to fifty conversation in just a few

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<v Speaker 1>minutes time that we're going to have with the CEO, Jim.

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<v Speaker 4>Farley, and I think that it's notable he's speaking once

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<v Speaker 4>again directly to the administration here that Michigan based company

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<v Speaker 4>is going to be creating jobs, a thousand of them

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<v Speaker 4>at factories in Michigan and Kentucky. They're talking about helping

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<v Speaker 4>boost truck production to fifty thousand units next year. More broadly, yes,

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<v Speaker 4>they've been implicated by this fire, but they're really trying

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<v Speaker 4>to remain committed to the fact that their plant is

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<v Speaker 4>aiming to build forty five thousand additional trucks for remaining

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<v Speaker 4>five thousand to be produced out of the Kentucky truck plants.

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<v Speaker 4>So really trying to find that recovery story here out

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<v Speaker 4>of Ford.

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<v Speaker 5>Four chares down four percent in the after hours. Again,

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<v Speaker 5>we're gonna hear from Jim Farley, the CEO of the

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<v Speaker 5>company four twenty Wall Street time, sitting down with Romain

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<v Speaker 5>and Matt Miller. The company did cut its adjusted EBIT

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<v Speaker 5>guidance for the full year. The guidance did miss the

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<v Speaker 5>average analyst estimates. Shares still down just about three point

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<v Speaker 5>six percent.

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<v Speaker 3>Yeah, the automaker also saying planning to boost that F one,

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<v Speaker 3>fifty and super duty truck production. We know trucks have

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<v Speaker 3>been so important to Ford to boost the F series

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<v Speaker 3>production volume by fifty thousand plus and twenty twenty six,

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<v Speaker 3>citing custom demand, recover losses from that fire. But again

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<v Speaker 3>a lot of questions will come on that fire. We

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<v Speaker 3>assume one time theme, but the longer it has had

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<v Speaker 3>an impact, certainly the impact will carry over a little

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<v Speaker 3>bit longer as well.

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<v Speaker 1>I just want to get to some other earnings real quickly,

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<v Speaker 1>and we'll get back to Intel and for Deckers, the

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<v Speaker 1>maker of ugs and Hokah's shoes, out with their results

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<v Speaker 1>in line for the fiscal second quarter on a net

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<v Speaker 1>sales basis one point four to three billion dollars. Here's

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<v Speaker 1>your guidance going forward. The company says for the full year,

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<v Speaker 1>expect five point three five billion dollars in sales. That's

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<v Speaker 1>a little bit light than what the street was looking

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<v Speaker 1>for at about five point four to five on average.

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<v Speaker 1>The company says gross margins, though, should come in a

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<v Speaker 1>little bit higher than what the street was looking for

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<v Speaker 1>at fifty six percent. Operating margin of twenty one point

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<v Speaker 1>five percent. That's your guidance for the full year EPs, adjusted,

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<v Speaker 1>of course, as it typically is six dollars and thirty

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<v Speaker 1>cents to six thirty nine, the low end of that

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<v Speaker 1>range right around what the street was looking for. Here,

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<v Speaker 1>though you see the shares pulling back about three percent.

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<v Speaker 4>Meanwhile, we can look at one particular company that's spiking

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<v Speaker 4>on the pack of its numbers, payments company Western Union.

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<v Speaker 4>We're seeing revenue one point zero three billion, that's just

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<v Speaker 4>slightly ahead of expectations. But see justin dearnings, but share

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<v Speaker 4>they are looking strong forty seven cents. The estimate was

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<v Speaker 4>for forty three cents, and they still see their fully

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<v Speaker 4>operating margin of eighteen to twenty cents. We're seeing jump

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<v Speaker 4>about what four point four percent, as it seems to

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<v Speaker 4>be that resilience coming from this payment company amid some

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<v Speaker 4>of the competition coming to the market.

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<v Speaker 5>All right, you got payments, I got gold with Numont Corporation.

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<v Speaker 5>Shares bounce in between gains and losses in the after hours.

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<v Speaker 5>The company out with numbers were arding adjusted innings per

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<v Speaker 5>share for the third quarter that beat the average analyst estimate.

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<v Speaker 5>Adjusted innings per share came in above estimates at one

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<v Speaker 5>dollar and seventy one cents, sales of five point five

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<v Speaker 5>two billion dollars that beat estimates a five point two

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<v Speaker 5>nine billion dollars. Shares up in the after hours just

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<v Speaker 5>about half a percentage point.

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<v Speaker 2>The Stock Movers report from Bloomberg Radio. Check back with

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