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 Stenovack, Romain Bostik, and Katie Greifel.
Speaker 3: All right, guys, let's get you some individual gainers as
Speaker 3: we await some earnings to cross the Bloomberg terminal. I'm
Speaker 3: going to go to one that was the number one
Speaker 3: gainer in both the S and P five hundred NASEEQ
Speaker 3: one hundred. We're talking about Axon. It's the maker of
Speaker 3: tasers and also public safety software. They reported in an
Speaker 3: adjusted EPs for the fourth quarter that beat the average estimate.
Speaker 3: So this one up remains seventeen and a half percent.
Speaker 3: We got to go to Salesforce.
Speaker 4: Salesforce earnings crossing the wire. I'm going to start off
Speaker 4: with the forecast for the current quarter, the fiscal first quarter,
Speaker 4: the company c's revenue of about eleven billion dollars to
Speaker 4: eleven point one billion dollars, the low end of that range,
Speaker 4: higher than the average of street estimates of about ten
Speaker 4: point nine to nine billion for the current or the
Speaker 4: quarter that just passed. Excuse me, the company reported eleven
Speaker 4: point two billion dollars, slightly above what the street was
Speaker 4: looking for. Adjusted EPs also came in above what the
Speaker 4: street was looking for at three dollars and eighty one cents.
Speaker 4: The average of estimates was three zero five in Caroline.
Speaker 4: The company also saying that it plans to increase its
Speaker 4: share buyback authorization to fifty billion dollars and.
Speaker 1: Maybe tim that is what the investor base wants to hear,
Speaker 1: if that's the proof point, look believe in us. We're
Speaker 1: believing in our own stock. We think we're so beaten up,
Speaker 1: what more than forty percent in the last twelve months,
Speaker 1: We're going to be buying back to up to fifty
Speaker 1: billion dollars. There, they're trying to perhaps tempt people to
Speaker 1: start to figure on catching a falling.
Speaker 5: Knife, and also trying to get people to think of
Speaker 5: Salesforce increasingly as an agentic AI company. Mark Benioff, charired CEO,
Speaker 5: saying quote, We've rebuilt Salesforce to become the operating system
Speaker 5: for the agentic enterprise, bringing humans and agents together on
Speaker 5: one trusted platform. And the more intelligence moves to where
Speaker 5: work happens, the more valuable Salesforce becomes. The question is
Speaker 5: can it convince investors that it is a company for
Speaker 5: the AI.
Speaker 3: Era, you know, having said that, it's a stock that,
Speaker 3: as we know, has been under pressure, down almost thirty
Speaker 3: percent here in twenty twenty six. Already the stock is
Speaker 3: down about fifty percent since late December, or actually say
Speaker 3: late in twenty twenty four December of twenty twenty four,
Speaker 3: so it has been pulling back dramatically, and now you
Speaker 3: can see the stock in the aftermarket down about two percent.
Speaker 3: This is despite increasing its share buyback authorization to fifty
Speaker 3: billion dollars and again going to that first quota revenue
Speaker 3: eleven point zero three to eleven point zero eight billion,
Speaker 3: that is above the street estimate of ten point ninety
Speaker 3: nine billion, not enough though, and to impress investors, at
Speaker 3: least in that early after market trade.
Speaker 4: This sc also gets to the idea though, too, of
Speaker 4: just how important the conference calls are actually going to
Speaker 4: be here, and I do kind of wonder. I mean,
Speaker 4: it's kind of dueling conference calls because both Salesforce and
Speaker 4: Nvidia start at the same time. Caroline, who you're going
Speaker 4: to listen to?
Speaker 1: Hopefully we can spread across both. I'm going to be
Speaker 1: sitting next to you remain. I'm going to be dialing
Speaker 1: into what Ed is listening to on in video and
Speaker 1: what we're all listening to on CRM. But what I
Speaker 1: think is interesting is agent force. This is where we're
Speaker 1: seeing agents being deployed by CRM and what we're seeing
Speaker 1: in terms of the up selling, what we're seeing in
Speaker 1: terms of adoption. They say their average revenue run rate
Speaker 1: has reached eight hundred million dollars, up one hundred and
Speaker 1: sixty nine percent year of a year. They've pulled twenty
Speaker 1: nine thousand deals up fifty percent. Q on Q. Is
Speaker 1: that enough to show that their offerings in terms of
Speaker 1: agentic KI is enough to secure the amount of money
Speaker 1: and the amount of seats that they need people to
Speaker 1: still keep.
Speaker 5: On paying for well Salesforce shares down about two point
Speaker 5: seventy five three percent in the after hours trade. Desk
Speaker 5: shares down ten percent in the after hours, make that
Speaker 5: twelve percent at this point. This after the first quarter
Speaker 5: forecast missed estimates, first quarter revenue coming in at least
Speaker 5: at seventy six hundred and seventy eight million dollars. The
Speaker 5: estimate was for six hundred and eighty eight point eight
Speaker 5: million dollars a first quarter adjusted ebadah, this is the
Speaker 5: guidance about one hundred and ninety five million, the estimus
Speaker 5: for two hundred and twenty two points seven million dollars.
Speaker 5: Shares continuing to move lower, down about twelve point six
Speaker 5: percent in the after hour.
Speaker 3: Yeah, and that's on top of already about a thirty
Speaker 3: four percent decline in shares of trade desk here in
Speaker 3: twenty twenty six. I should point out about ten percent
Speaker 3: of the float is short, so any kind of negative
Speaker 3: you know, maybe the shorts kind of have it right,
Speaker 3: but you're definitely seeing this stock down almost another twelve
Speaker 3: percent here in the aftermarket.
Speaker 4: Yeah. And it gets to this idea too. I mean,
Speaker 4: we talk about the idea of what these ad tech
Speaker 4: platforms they're doing, and the idea of a lot of
Speaker 4: the money flowing away from some of the more single
Speaker 4: players in that space, and too, I guess some of
Speaker 4: those bigger tech companies that of course have their own
Speaker 4: already baked into it. It'll be interesting that's actually a
Speaker 4: conference call. I'd be interested to be a fly on
Speaker 4: the wall on as well.
Speaker 1: People are pretty positive on all of these companies when
Speaker 1: you're looking at the analyst recommendations twenty two say bye
Speaker 1: on trade desk only three say c. The price target
Speaker 1: is well above where they currently trade is some forty
Speaker 1: six dollars. So where are they going to be able
Speaker 1: to convince the market that you can start adding to
Speaker 1: these names amid the disruption and ai ans list.
Speaker 3: All right, we're talking a lot about technology. Let's go
Speaker 3: to a retailer a little bit of lightness, perhaps Urban
Speaker 3: Outfitters out with their results fourth quarter EPs A dollar
Speaker 3: five a share fourth quarter just at EPs, that's coming
Speaker 3: in better what the street was expecting. A dollar forty
Speaker 3: three a share versus a dollar twenty six and fourth
Speaker 3: quarter com retail segment sales up about five and a
Speaker 3: half percent. That's a beat two in terms of what
Speaker 3: the street was expecting. Remain and this stock's up about
Speaker 3: one and a half percent here in the aftermarket.
Speaker 4: Let's go back to text snow Flake shares higher in
Speaker 4: the after hours trade. Here the company saying that first
Speaker 4: quarter product revenue and its words will be in a
Speaker 4: range of one point twenty six to one point twenty
Speaker 4: seven billion. That's pretty much on the nose of what
Speaker 4: the street was expecting. That's coming on the heels of
Speaker 4: a fourth quarter revenue of about one point two eight billion,
Speaker 4: slightly higher than what the street was looking for. For
Speaker 4: the full year, the company says expect about five point
Speaker 4: sixty six billion dollars in revenue. The street was looking
Speaker 4: for five point five to four. The company also says
Speaker 4: adjusted operating margin for the full year twelve point five percent,
Speaker 4: so at least on the margin here, it looks like
Speaker 4: a relatively inline quarter and a slight slight guide higher
Speaker 4: for the full year.
Speaker 1: Let's check out Zoom Communications because look, revenue beats both
Speaker 1: in its fiscal quarter reported and its full year guidance,
Speaker 1: but not so much if you're looking at the profitability
Speaker 1: they're really seeing twenty twenty seven adjusted earnings for share
Speaker 1: coming at five dollars seventy seven to five dollars eighty one.
Speaker 1: Now the market want to see six dollars six soon, though,
Speaker 1: did see that twenty twenty seven revenue will be in
Speaker 1: the range of five point zero seven to five point
Speaker 1: zero eight. That was a beat compared to the expectations.
Speaker 1: And for their fourth quarter, we saw online revenue up
Speaker 1: two point six percent year on year, and you also
Speaker 1: saw a beat in terms of their revenue, but again
Speaker 1: earnings per share falling short. This is a company that's
Speaker 1: having to invest in itself tied again, convince people that
Speaker 1: stick with our product, stick with the conferencing, stick with
Speaker 1: the AI that we've already integrated, but they're probably having
Speaker 1: to spend a bit on that. Missing cash and cash
Speaker 1: equivalents falling some six percent.
Speaker 5: Well, I'm looking at shares of paramount S guid Dance
Speaker 5: down about one point six percent. We're getting some some
Speaker 5: results from the company, not everything at this point in
Speaker 5: terms of that outlook. Paramount Guidance C's fiscal year revenue
Speaker 5: at thirty billion dollars. A look back fourth quarter year
Speaker 5: ofvery year Paramount plus revenue up seventeen percent, fourth quarter
Speaker 5: revenue coming in just above estimates at eight point one
Speaker 5: five billion dollars. Fourth quarter loss per share from continued
Speaker 5: operations at fifty two cents. Fourth quarter operating loss at
Speaker 5: three hundred and thirty nine million dollars estimate was for
Speaker 5: a profit a three hundred and nine point three million dollars.
Speaker 5: Shares down about one point six percent. The real story
Speaker 5: with this company, though, is does it get those assets
Speaker 5: from Warner Brothers Discovery, or does Netflix, win Out shares
Speaker 5: down about one point six percent.
Speaker 3: All right, let's go to the company behind WWE and
Speaker 3: so much more of those live events we're talking about,
Speaker 3: TKO Out with their results. Fourth quarter total revenue coming
Speaker 3: in slightly above all the street estimated one point zero
Speaker 3: four billion. If you go to WWE adjusted ebitdo that
Speaker 3: was better than the street was expecting. One hundred and
Speaker 3: sixty five million UFC revenue four hundred and one point
Speaker 3: four million. Again, that was better than what the street
Speaker 3: was expected. And fourth quarter adj just did EBITA coming
Speaker 3: in better than what the street was expecting. Stock Steel
Speaker 3: down about two point three percent here in the aftermarket.
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