Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: This is the closing bell on this stock movers report.
Speaker 2: The company's making moves at the close of US trading
Speaker 2: with Carol Masser, Tim Stenovak, Romain, Bostik, and Scarlett.
Speaker 3: Food S and P five hundred keeping a watch on
Speaker 3: that two hundred and eighty four names gaining ground on
Speaker 3: this Thursday, two hundred and seventeen to the downside.
Speaker 1: To unchanged intel actually crossing the wire right now, so
Speaker 1: let's just jump right to that. The company, for that
Speaker 1: the most recent quarter, the third quarter, says that justin
Speaker 1: EPs came in at twenty three cents a share. Now
Speaker 1: the street was looking for one point two cents, so
Speaker 1: that does look like a beat. Revenue was up about
Speaker 1: three percent a year over a year here also looks
Speaker 1: like it coming in slightly above what the street was
Speaker 1: looking for at thirteen point sixty five billion. But here's
Speaker 1: your forecast. The company says that for the fourth quarter,
Speaker 1: revenue will be in a range of twelve point eight
Speaker 1: to thirteen point eight billion dollars. Company also saying that
Speaker 1: it continues to see some marginal improvement here on the
Speaker 1: build out of that data center ANDAI revenue business, which
Speaker 1: came in at four point one two billion in the
Speaker 1: most recent quarter.
Speaker 4: And I think notably our Ed Ludlow has been speaking
Speaker 4: with the CFO of the company. I'm really talking about
Speaker 4: how the market turned out to be stronger than they
Speaker 4: originally anticipated coming into the quarter. They're particularly thinking that
Speaker 4: areas like serve build out was better. They saw a
Speaker 4: lot of money initially, as they say, go to GPUs
Speaker 4: for AI servers, but there are a significant aunt of
Speaker 4: workload that can be handled by their own CPUs, so
Speaker 4: I think there is an area of growth. And they
Speaker 4: were saying, look, we were were cautious about tariffs or
Speaker 4: cautious about noise, but on the data center side, a
Speaker 4: bit of a surprise when it comes into how much
Speaker 4: stronger it was in terms of demand.
Speaker 5: I'm also looking for any commentary about the US government
Speaker 5: investment in Intel, and certainly we did hear from the
Speaker 5: company on that in the press release quote we took
Speaker 5: meaningful steps this quarter's strengthen our balance sheet, including accelerated
Speaker 5: funding from the US government and investments by Nvidia and
Speaker 5: SoftBank Group to increase are operational flexibility and demonstrate the
Speaker 5: critical role we play in the ecosystem, this accorded Intel's
Speaker 5: CFO David Zizner.
Speaker 3: Yeah, and then addressing AI, right, so important. AI is
Speaker 3: accelerating demand for compute and creating attractive opportunities across our portfolio.
Speaker 3: And they talk about including in their core at X
Speaker 3: eighty six platforms. They say new efforts in other metrics,
Speaker 3: but again addressing some of those issues. And again we're
Speaker 3: watching Intel in the aftermarket. I'm looking at that trade
Speaker 3: up about three point seven percent.
Speaker 1: Up about three point seven percent. And it gets to
Speaker 1: this idea here that what is sort of the future.
Speaker 1: We talk about a new CEO, we talk about new investments,
Speaker 1: but it's still the same old problems. And I am curious.
Speaker 1: I mean, I look at these comments Caroline coming out
Speaker 1: of here, co host ed Ludlow here, and again I mean,
Speaker 1: how do you articulate two investors what the long term
Speaker 1: story is.
Speaker 4: Yeah, about the foundry business, who are going to be
Speaker 4: the ultimate demand base for the chips that they might
Speaker 4: or might not manufacture over in Ohio. They've got to
Speaker 4: stay committed to that particular buildout. And that is why
Speaker 4: the US government had been such a signal that they
Speaker 4: are going to ensure that people come to them for
Speaker 4: their chip manufacturing. That's why we do wonder about where
Speaker 4: AMD goes for its next chips to be made when
Speaker 4: video eventually does, and why is such an important and
Speaker 4: strategic investment coming from there.
Speaker 5: We're actually seeing shares rise now in the after hours,
Speaker 5: up even more than they were earlier just minutes ago.
Speaker 5: Of course, the call has not happened yet, but investors
Speaker 5: making their way through the press release the commentary from
Speaker 5: Ed's interview with the CFO, Intel shares up six percent
Speaker 5: in the after hours in.
Speaker 3: King out with a write through and saying of course
Speaker 3: okay here. Intel giving an upbeat revenue forecast after PC
Speaker 3: demand grew, boosting optimism about a comeback attempt by the company.
Speaker 3: Companies fourth quarter sales will be twelve point eight billion
Speaker 3: to thirteen point eight with the midpoint of that range
Speaker 3: being thirteen point three, just below Wall Street's estimate of
Speaker 3: thirteen point four billion dollars, and that the CFO Dave Zinzer,
Speaker 3: saying current demand is outpacing supply, a trend we expect
Speaker 3: will persist into twenty twenty six, and the company's third
Speaker 3: quarter results exceeded its actions based on the underlying strength
Speaker 3: of our core markets. That sounds pretty upbeat, and you know, investors'
Speaker 3: expectations remain, you know, are high. This stock is up
Speaker 3: ninety percent and one big investor, the US, the number
Speaker 3: three investor in this company.
Speaker 1: And that seems to be why it's riding high. It's
Speaker 1: kind of interesting too. They also talk about the refresh
Speaker 1: cycle on PC's and that might actually be the bridge
Speaker 1: for this company. We talked about this a little bit
Speaker 1: yesterday about Tesla and it's sort of robotic autonomous future,
Speaker 1: but it still needs that money from the here and
Speaker 1: now to sort of bridge that gap. We're going to
Speaker 1: continue to break down the results coming out of Intel.
Speaker 1: The shares up six percent, BEFOD shares now moving in
Speaker 1: the opposite direction.
Speaker 3: Yeah, let's get to it. Let's get to the forecast,
Speaker 3: which is something that we certainly care about. The company,
Speaker 3: Ford saying it sees one and a half to two
Speaker 3: billion dollars adjusted EBIT hit in twenty twenty five from
Speaker 3: the Novellas fire. This is that fire that we have
Speaker 3: talked about that has certainly impact was it aluminum specifically,
Speaker 3: and certainly maybe it shut down some of their factories. Also,
Speaker 3: the company sees fiscal year adjusted ebit have six billion
Speaker 3: to six and a half billion, had seen six and
Speaker 3: a half to seven point five and you can see
Speaker 3: that stock right now down about three point three percent
Speaker 3: here in the aftermarket.
Speaker 1: Hopefully these end up being more one off types of
Speaker 1: costs here, but a lot of questions really about the
Speaker 1: longer term strategy, particularly with some of the peelback in
Speaker 1: that EV build out and the refocus in on some
Speaker 1: of those ice vehicles. We should point out the company
Speaker 1: are also coming out with the statement right now about
Speaker 1: some new models starting new model production here on that
Speaker 1: Ford F one to fifty conversation in just a few
Speaker 1: minutes time that we're going to have with the CEO, Jim.
Speaker 4: Farley, and I think that it's notable he's speaking once
Speaker 4: again directly to the administration here that Michigan based company
Speaker 4: is going to be creating jobs, a thousand of them
Speaker 4: at factories in Michigan and Kentucky. They're talking about helping
Speaker 4: boost truck production to fifty thousand units next year. More broadly, yes,
Speaker 4: they've been implicated by this fire, but they're really trying
Speaker 4: to remain committed to the fact that their plant is
Speaker 4: aiming to build forty five thousand additional trucks for remaining
Speaker 4: five thousand to be produced out of the Kentucky truck plants.
Speaker 4: So really trying to find that recovery story here out
Speaker 4: of Ford.
Speaker 5: Four chares down four percent in the after hours. Again,
Speaker 5: we're gonna hear from Jim Farley, the CEO of the
Speaker 5: company four twenty Wall Street time, sitting down with Romain
Speaker 5: and Matt Miller. The company did cut its adjusted EBIT
Speaker 5: guidance for the full year. The guidance did miss the
Speaker 5: average analyst estimates. Shares still down just about three point
Speaker 5: six percent.
Speaker 3: Yeah, the automaker also saying planning to boost that F one,
Speaker 3: fifty and super duty truck production. We know trucks have
Speaker 3: been so important to Ford to boost the F series
Speaker 3: production volume by fifty thousand plus and twenty twenty six,
Speaker 3: citing custom demand, recover losses from that fire. But again
Speaker 3: a lot of questions will come on that fire. We
Speaker 3: assume one time theme, but the longer it has had
Speaker 3: an impact, certainly the impact will carry over a little
Speaker 3: bit longer as well.
Speaker 1: I just want to get to some other earnings real quickly,
Speaker 1: and we'll get back to Intel and for Deckers, the
Speaker 1: maker of ugs and Hokah's shoes, out with their results
Speaker 1: in line for the fiscal second quarter on a net
Speaker 1: sales basis one point four to three billion dollars. Here's
Speaker 1: your guidance going forward. The company says for the full year,
Speaker 1: expect five point three five billion dollars in sales. That's
Speaker 1: a little bit light than what the street was looking
Speaker 1: for at about five point four to five on average.
Speaker 1: The company says gross margins, though, should come in a
Speaker 1: little bit higher than what the street was looking for
Speaker 1: at fifty six percent. Operating margin of twenty one point
Speaker 1: five percent. That's your guidance for the full year EPs, adjusted,
Speaker 1: of course, as it typically is six dollars and thirty
Speaker 1: cents to six thirty nine, the low end of that
Speaker 1: range right around what the street was looking for. Here,
Speaker 1: though you see the shares pulling back about three percent.
Speaker 4: Meanwhile, we can look at one particular company that's spiking
Speaker 4: on the pack of its numbers, payments company Western Union.
Speaker 4: We're seeing revenue one point zero three billion, that's just
Speaker 4: slightly ahead of expectations. But see justin dearnings, but share
Speaker 4: they are looking strong forty seven cents. The estimate was
Speaker 4: for forty three cents, and they still see their fully
Speaker 4: operating margin of eighteen to twenty cents. We're seeing jump
Speaker 4: about what four point four percent, as it seems to
Speaker 4: be that resilience coming from this payment company amid some
Speaker 4: of the competition coming to the market.
Speaker 5: All right, you got payments, I got gold with Numont Corporation.
Speaker 5: Shares bounce in between gains and losses in the after hours.
Speaker 5: The company out with numbers were arding adjusted innings per
Speaker 5: share for the third quarter that beat the average analyst estimate.
Speaker 5: Adjusted innings per share came in above estimates at one
Speaker 5: dollar and seventy one cents, sales of five point five
Speaker 5: two billion dollars that beat estimates a five point two
Speaker 5: nine billion dollars. Shares up in the after hours just
Speaker 5: about half a percentage point.
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