1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. 2 00:00:10,080 --> 00:00:13,520 Speaker 2: This is the closing bell on this stock movers report. 3 00:00:13,760 --> 00:00:16,720 Speaker 2: The company's making moves at the close of US trading 4 00:00:16,880 --> 00:00:21,400 Speaker 2: with Carol Masser, Tim Stenovack, Romain Bostik, and Katie Greifel. 5 00:00:22,360 --> 00:00:24,960 Speaker 3: All right, guys, let's get you some individual gainers as 6 00:00:24,960 --> 00:00:27,360 Speaker 3: we await some earnings to cross the Bloomberg terminal. I'm 7 00:00:27,360 --> 00:00:29,240 Speaker 3: going to go to one that was the number one 8 00:00:29,240 --> 00:00:31,680 Speaker 3: gainer in both the S and P five hundred NASEEQ 9 00:00:31,680 --> 00:00:34,320 Speaker 3: one hundred. We're talking about Axon. It's the maker of 10 00:00:34,360 --> 00:00:37,760 Speaker 3: tasers and also public safety software. They reported in an 11 00:00:37,760 --> 00:00:41,160 Speaker 3: adjusted EPs for the fourth quarter that beat the average estimate. 12 00:00:41,240 --> 00:00:43,480 Speaker 3: So this one up remains seventeen and a half percent. 13 00:00:43,479 --> 00:00:44,480 Speaker 3: We got to go to Salesforce. 14 00:00:44,520 --> 00:00:46,839 Speaker 4: Salesforce earnings crossing the wire. I'm going to start off 15 00:00:46,880 --> 00:00:49,600 Speaker 4: with the forecast for the current quarter, the fiscal first quarter, 16 00:00:49,680 --> 00:00:52,960 Speaker 4: the company c's revenue of about eleven billion dollars to 17 00:00:53,080 --> 00:00:55,920 Speaker 4: eleven point one billion dollars, the low end of that range, 18 00:00:56,040 --> 00:00:58,160 Speaker 4: higher than the average of street estimates of about ten 19 00:00:58,200 --> 00:01:00,800 Speaker 4: point nine to nine billion for the current or the 20 00:01:00,840 --> 00:01:03,520 Speaker 4: quarter that just passed. Excuse me, the company reported eleven 21 00:01:03,560 --> 00:01:06,240 Speaker 4: point two billion dollars, slightly above what the street was 22 00:01:06,280 --> 00:01:09,160 Speaker 4: looking for. Adjusted EPs also came in above what the 23 00:01:09,160 --> 00:01:11,560 Speaker 4: street was looking for at three dollars and eighty one cents. 24 00:01:11,680 --> 00:01:14,280 Speaker 4: The average of estimates was three zero five in Caroline. 25 00:01:14,400 --> 00:01:16,880 Speaker 4: The company also saying that it plans to increase its 26 00:01:16,880 --> 00:01:20,639 Speaker 4: share buyback authorization to fifty billion dollars and. 27 00:01:20,560 --> 00:01:23,000 Speaker 1: Maybe tim that is what the investor base wants to hear, 28 00:01:23,040 --> 00:01:25,240 Speaker 1: if that's the proof point, look believe in us. We're 29 00:01:25,280 --> 00:01:27,200 Speaker 1: believing in our own stock. We think we're so beaten up, 30 00:01:27,200 --> 00:01:29,600 Speaker 1: what more than forty percent in the last twelve months, 31 00:01:29,680 --> 00:01:31,320 Speaker 1: We're going to be buying back to up to fifty 32 00:01:31,319 --> 00:01:34,240 Speaker 1: billion dollars. There, they're trying to perhaps tempt people to 33 00:01:34,280 --> 00:01:36,200 Speaker 1: start to figure on catching a falling. 34 00:01:36,000 --> 00:01:38,480 Speaker 5: Knife, and also trying to get people to think of 35 00:01:38,520 --> 00:01:43,919 Speaker 5: Salesforce increasingly as an agentic AI company. Mark Benioff, charired CEO, 36 00:01:44,040 --> 00:01:47,760 Speaker 5: saying quote, We've rebuilt Salesforce to become the operating system 37 00:01:47,840 --> 00:01:51,720 Speaker 5: for the agentic enterprise, bringing humans and agents together on 38 00:01:51,720 --> 00:01:54,560 Speaker 5: one trusted platform. And the more intelligence moves to where 39 00:01:54,560 --> 00:01:58,320 Speaker 5: work happens, the more valuable Salesforce becomes. The question is 40 00:01:58,360 --> 00:02:01,200 Speaker 5: can it convince investors that it is a company for 41 00:02:01,440 --> 00:02:02,160 Speaker 5: the AI. 42 00:02:01,960 --> 00:02:04,280 Speaker 3: Era, you know, having said that, it's a stock that, 43 00:02:04,440 --> 00:02:06,880 Speaker 3: as we know, has been under pressure, down almost thirty 44 00:02:06,920 --> 00:02:10,160 Speaker 3: percent here in twenty twenty six. Already the stock is 45 00:02:10,160 --> 00:02:13,960 Speaker 3: down about fifty percent since late December, or actually say 46 00:02:14,000 --> 00:02:17,160 Speaker 3: late in twenty twenty four December of twenty twenty four, 47 00:02:17,240 --> 00:02:19,679 Speaker 3: so it has been pulling back dramatically, and now you 48 00:02:19,720 --> 00:02:22,840 Speaker 3: can see the stock in the aftermarket down about two percent. 49 00:02:22,919 --> 00:02:27,160 Speaker 3: This is despite increasing its share buyback authorization to fifty 50 00:02:27,480 --> 00:02:31,120 Speaker 3: billion dollars and again going to that first quota revenue 51 00:02:31,240 --> 00:02:33,840 Speaker 3: eleven point zero three to eleven point zero eight billion, 52 00:02:33,919 --> 00:02:36,080 Speaker 3: that is above the street estimate of ten point ninety 53 00:02:36,160 --> 00:02:38,720 Speaker 3: nine billion, not enough though, and to impress investors, at 54 00:02:38,760 --> 00:02:40,760 Speaker 3: least in that early after market trade. 55 00:02:40,840 --> 00:02:43,400 Speaker 4: This sc also gets to the idea though, too, of 56 00:02:43,520 --> 00:02:46,680 Speaker 4: just how important the conference calls are actually going to 57 00:02:46,680 --> 00:02:48,240 Speaker 4: be here, and I do kind of wonder. I mean, 58 00:02:48,280 --> 00:02:50,840 Speaker 4: it's kind of dueling conference calls because both Salesforce and 59 00:02:50,919 --> 00:02:53,920 Speaker 4: Nvidia start at the same time. Caroline, who you're going 60 00:02:53,960 --> 00:02:54,400 Speaker 4: to listen to? 61 00:02:55,680 --> 00:02:57,679 Speaker 1: Hopefully we can spread across both. I'm going to be 62 00:02:57,680 --> 00:03:00,080 Speaker 1: sitting next to you remain. I'm going to be dialing 63 00:03:00,080 --> 00:03:01,720 Speaker 1: into what Ed is listening to on in video and 64 00:03:01,760 --> 00:03:03,720 Speaker 1: what we're all listening to on CRM. But what I 65 00:03:03,720 --> 00:03:06,440 Speaker 1: think is interesting is agent force. This is where we're 66 00:03:06,480 --> 00:03:09,560 Speaker 1: seeing agents being deployed by CRM and what we're seeing 67 00:03:09,560 --> 00:03:11,079 Speaker 1: in terms of the up selling, what we're seeing in 68 00:03:11,160 --> 00:03:13,480 Speaker 1: terms of adoption. They say their average revenue run rate 69 00:03:13,600 --> 00:03:15,880 Speaker 1: has reached eight hundred million dollars, up one hundred and 70 00:03:15,919 --> 00:03:18,240 Speaker 1: sixty nine percent year of a year. They've pulled twenty 71 00:03:18,320 --> 00:03:20,800 Speaker 1: nine thousand deals up fifty percent. Q on Q. Is 72 00:03:20,800 --> 00:03:23,320 Speaker 1: that enough to show that their offerings in terms of 73 00:03:23,360 --> 00:03:26,760 Speaker 1: agentic KI is enough to secure the amount of money 74 00:03:26,800 --> 00:03:28,760 Speaker 1: and the amount of seats that they need people to 75 00:03:28,800 --> 00:03:29,680 Speaker 1: still keep. 76 00:03:29,520 --> 00:03:32,520 Speaker 5: On paying for well Salesforce shares down about two point 77 00:03:32,760 --> 00:03:35,560 Speaker 5: seventy five three percent in the after hours trade. Desk 78 00:03:35,640 --> 00:03:39,280 Speaker 5: shares down ten percent in the after hours, make that 79 00:03:39,320 --> 00:03:42,840 Speaker 5: twelve percent at this point. This after the first quarter 80 00:03:42,960 --> 00:03:46,520 Speaker 5: forecast missed estimates, first quarter revenue coming in at least 81 00:03:46,520 --> 00:03:48,920 Speaker 5: at seventy six hundred and seventy eight million dollars. The 82 00:03:49,040 --> 00:03:51,560 Speaker 5: estimate was for six hundred and eighty eight point eight 83 00:03:51,640 --> 00:03:55,400 Speaker 5: million dollars a first quarter adjusted ebadah, this is the 84 00:03:55,440 --> 00:03:58,520 Speaker 5: guidance about one hundred and ninety five million, the estimus 85 00:03:58,560 --> 00:04:01,080 Speaker 5: for two hundred and twenty two points seven million dollars. 86 00:04:01,120 --> 00:04:03,960 Speaker 5: Shares continuing to move lower, down about twelve point six 87 00:04:04,000 --> 00:04:05,120 Speaker 5: percent in the after hour. 88 00:04:05,280 --> 00:04:07,120 Speaker 3: Yeah, and that's on top of already about a thirty 89 00:04:07,120 --> 00:04:10,440 Speaker 3: four percent decline in shares of trade desk here in 90 00:04:10,800 --> 00:04:13,760 Speaker 3: twenty twenty six. I should point out about ten percent 91 00:04:13,760 --> 00:04:15,880 Speaker 3: of the float is short, so any kind of negative 92 00:04:17,000 --> 00:04:19,200 Speaker 3: you know, maybe the shorts kind of have it right, 93 00:04:19,240 --> 00:04:21,720 Speaker 3: but you're definitely seeing this stock down almost another twelve 94 00:04:21,760 --> 00:04:22,960 Speaker 3: percent here in the aftermarket. 95 00:04:23,000 --> 00:04:24,640 Speaker 4: Yeah. And it gets to this idea too. I mean, 96 00:04:24,680 --> 00:04:26,680 Speaker 4: we talk about the idea of what these ad tech 97 00:04:26,720 --> 00:04:28,920 Speaker 4: platforms they're doing, and the idea of a lot of 98 00:04:28,960 --> 00:04:31,119 Speaker 4: the money flowing away from some of the more single 99 00:04:31,160 --> 00:04:33,440 Speaker 4: players in that space, and too, I guess some of 100 00:04:33,480 --> 00:04:35,599 Speaker 4: those bigger tech companies that of course have their own 101 00:04:35,880 --> 00:04:38,080 Speaker 4: already baked into it. It'll be interesting that's actually a 102 00:04:38,160 --> 00:04:40,120 Speaker 4: conference call. I'd be interested to be a fly on 103 00:04:40,160 --> 00:04:40,920 Speaker 4: the wall on as well. 104 00:04:41,880 --> 00:04:44,600 Speaker 1: People are pretty positive on all of these companies when 105 00:04:44,600 --> 00:04:47,320 Speaker 1: you're looking at the analyst recommendations twenty two say bye 106 00:04:47,400 --> 00:04:49,840 Speaker 1: on trade desk only three say c. The price target 107 00:04:50,080 --> 00:04:52,240 Speaker 1: is well above where they currently trade is some forty 108 00:04:52,279 --> 00:04:54,840 Speaker 1: six dollars. So where are they going to be able 109 00:04:54,880 --> 00:04:57,240 Speaker 1: to convince the market that you can start adding to 110 00:04:57,279 --> 00:04:59,960 Speaker 1: these names amid the disruption and ai ans list. 111 00:05:00,320 --> 00:05:02,280 Speaker 3: All right, we're talking a lot about technology. Let's go 112 00:05:02,320 --> 00:05:05,640 Speaker 3: to a retailer a little bit of lightness, perhaps Urban 113 00:05:05,680 --> 00:05:09,160 Speaker 3: Outfitters out with their results fourth quarter EPs A dollar 114 00:05:09,279 --> 00:05:11,800 Speaker 3: five a share fourth quarter just at EPs, that's coming 115 00:05:11,839 --> 00:05:14,240 Speaker 3: in better what the street was expecting. A dollar forty 116 00:05:14,279 --> 00:05:17,080 Speaker 3: three a share versus a dollar twenty six and fourth 117 00:05:17,120 --> 00:05:19,840 Speaker 3: quarter com retail segment sales up about five and a 118 00:05:19,920 --> 00:05:22,760 Speaker 3: half percent. That's a beat two in terms of what 119 00:05:22,800 --> 00:05:25,200 Speaker 3: the street was expecting. Remain and this stock's up about 120 00:05:25,200 --> 00:05:26,840 Speaker 3: one and a half percent here in the aftermarket. 121 00:05:26,920 --> 00:05:29,200 Speaker 4: Let's go back to text snow Flake shares higher in 122 00:05:29,240 --> 00:05:31,880 Speaker 4: the after hours trade. Here the company saying that first 123 00:05:31,960 --> 00:05:35,080 Speaker 4: quarter product revenue and its words will be in a 124 00:05:35,160 --> 00:05:37,320 Speaker 4: range of one point twenty six to one point twenty 125 00:05:37,360 --> 00:05:39,360 Speaker 4: seven billion. That's pretty much on the nose of what 126 00:05:39,360 --> 00:05:41,400 Speaker 4: the street was expecting. That's coming on the heels of 127 00:05:41,400 --> 00:05:44,240 Speaker 4: a fourth quarter revenue of about one point two eight billion, 128 00:05:44,279 --> 00:05:46,640 Speaker 4: slightly higher than what the street was looking for. For 129 00:05:46,680 --> 00:05:49,120 Speaker 4: the full year, the company says expect about five point 130 00:05:49,160 --> 00:05:52,080 Speaker 4: sixty six billion dollars in revenue. The street was looking 131 00:05:52,120 --> 00:05:54,400 Speaker 4: for five point five to four. The company also says 132 00:05:54,440 --> 00:05:58,360 Speaker 4: adjusted operating margin for the full year twelve point five percent, 133 00:05:58,480 --> 00:06:00,640 Speaker 4: so at least on the margin here, it looks like 134 00:06:00,640 --> 00:06:03,719 Speaker 4: a relatively inline quarter and a slight slight guide higher 135 00:06:03,960 --> 00:06:04,719 Speaker 4: for the full year. 136 00:06:04,960 --> 00:06:08,720 Speaker 1: Let's check out Zoom Communications because look, revenue beats both 137 00:06:08,800 --> 00:06:11,479 Speaker 1: in its fiscal quarter reported and its full year guidance, 138 00:06:11,800 --> 00:06:13,760 Speaker 1: but not so much if you're looking at the profitability 139 00:06:13,800 --> 00:06:16,000 Speaker 1: they're really seeing twenty twenty seven adjusted earnings for share 140 00:06:16,040 --> 00:06:18,080 Speaker 1: coming at five dollars seventy seven to five dollars eighty one. 141 00:06:18,080 --> 00:06:20,880 Speaker 1: Now the market want to see six dollars six soon, though, 142 00:06:20,880 --> 00:06:23,440 Speaker 1: did see that twenty twenty seven revenue will be in 143 00:06:23,480 --> 00:06:25,479 Speaker 1: the range of five point zero seven to five point 144 00:06:25,560 --> 00:06:27,840 Speaker 1: zero eight. That was a beat compared to the expectations. 145 00:06:27,920 --> 00:06:29,960 Speaker 1: And for their fourth quarter, we saw online revenue up 146 00:06:29,960 --> 00:06:31,560 Speaker 1: two point six percent year on year, and you also 147 00:06:31,560 --> 00:06:33,640 Speaker 1: saw a beat in terms of their revenue, but again 148 00:06:33,760 --> 00:06:36,200 Speaker 1: earnings per share falling short. This is a company that's 149 00:06:36,200 --> 00:06:38,919 Speaker 1: having to invest in itself tied again, convince people that 150 00:06:39,000 --> 00:06:41,839 Speaker 1: stick with our product, stick with the conferencing, stick with 151 00:06:41,880 --> 00:06:44,000 Speaker 1: the AI that we've already integrated, but they're probably having 152 00:06:44,040 --> 00:06:45,960 Speaker 1: to spend a bit on that. Missing cash and cash 153 00:06:46,000 --> 00:06:47,640 Speaker 1: equivalents falling some six percent. 154 00:06:48,560 --> 00:06:50,480 Speaker 5: Well, I'm looking at shares of paramount S guid Dance 155 00:06:50,560 --> 00:06:54,000 Speaker 5: down about one point six percent. We're getting some some 156 00:06:54,240 --> 00:06:57,760 Speaker 5: results from the company, not everything at this point in 157 00:06:57,839 --> 00:07:01,760 Speaker 5: terms of that outlook. Paramount Guidance C's fiscal year revenue 158 00:07:01,760 --> 00:07:04,800 Speaker 5: at thirty billion dollars. A look back fourth quarter year 159 00:07:04,839 --> 00:07:08,200 Speaker 5: ofvery year Paramount plus revenue up seventeen percent, fourth quarter 160 00:07:08,600 --> 00:07:11,400 Speaker 5: revenue coming in just above estimates at eight point one 161 00:07:11,520 --> 00:07:14,679 Speaker 5: five billion dollars. Fourth quarter loss per share from continued 162 00:07:14,680 --> 00:07:17,320 Speaker 5: operations at fifty two cents. Fourth quarter operating loss at 163 00:07:17,360 --> 00:07:20,520 Speaker 5: three hundred and thirty nine million dollars estimate was for 164 00:07:20,520 --> 00:07:23,239 Speaker 5: a profit a three hundred and nine point three million dollars. 165 00:07:23,280 --> 00:07:25,680 Speaker 5: Shares down about one point six percent. The real story 166 00:07:25,720 --> 00:07:28,040 Speaker 5: with this company, though, is does it get those assets 167 00:07:28,120 --> 00:07:31,760 Speaker 5: from Warner Brothers Discovery, or does Netflix, win Out shares 168 00:07:31,760 --> 00:07:32,960 Speaker 5: down about one point six percent. 169 00:07:32,960 --> 00:07:35,520 Speaker 3: All right, let's go to the company behind WWE and 170 00:07:35,600 --> 00:07:37,520 Speaker 3: so much more of those live events we're talking about, 171 00:07:37,520 --> 00:07:41,120 Speaker 3: TKO Out with their results. Fourth quarter total revenue coming 172 00:07:41,160 --> 00:07:43,880 Speaker 3: in slightly above all the street estimated one point zero 173 00:07:43,920 --> 00:07:47,320 Speaker 3: four billion. If you go to WWE adjusted ebitdo that 174 00:07:47,440 --> 00:07:49,320 Speaker 3: was better than the street was expecting. One hundred and 175 00:07:49,320 --> 00:07:53,080 Speaker 3: sixty five million UFC revenue four hundred and one point 176 00:07:53,160 --> 00:07:55,200 Speaker 3: four million. Again, that was better than what the street 177 00:07:55,240 --> 00:07:57,840 Speaker 3: was expected. And fourth quarter adj just did EBITA coming 178 00:07:57,880 --> 00:08:00,600 Speaker 3: in better than what the street was expecting. Stock Steel 179 00:08:00,600 --> 00:08:03,600 Speaker 3: down about two point three percent here in the aftermarket. 180 00:08:04,400 --> 00:08:08,600 Speaker 2: The Stockmover's report from Bloomberg Radio. 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