1 00:00:02,480 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:10,039 --> 00:00:13,480 Speaker 2: This is the closing bell on this stock movers report 3 00:00:13,760 --> 00:00:16,680 Speaker 2: the company's making moves at the close of US trading 4 00:00:16,880 --> 00:00:21,360 Speaker 2: with Carol Masser, Tim Stenebeck, Romain Bostik, and Katie Greifel. 5 00:00:22,800 --> 00:00:24,200 Speaker 3: I want to take a look at what's going on 6 00:00:24,239 --> 00:00:30,000 Speaker 3: with Autodesk. Shares of the company makes PC software multimedia tools. 7 00:00:30,280 --> 00:00:33,879 Speaker 3: Fourth quarter adjusted earnings per share beat estimates. Shares up 8 00:00:33,880 --> 00:00:37,360 Speaker 3: three point two percent. First quarter revenue forecast did beat 9 00:00:37,479 --> 00:00:39,800 Speaker 3: estimates as well, as far as those numbers look. First 10 00:00:39,840 --> 00:00:42,640 Speaker 3: quarter adjusted earnings per share coming in two dollars and 11 00:00:42,680 --> 00:00:44,839 Speaker 3: eighty two cents to chills in eighty six cents, is 12 00:00:44,840 --> 00:00:48,360 Speaker 3: what that outlook looks like. First quarter revenue, the outlook 13 00:00:48,400 --> 00:00:51,720 Speaker 3: there on one point eight nine billion dollars to one 14 00:00:51,760 --> 00:00:54,200 Speaker 3: point nine billion dollars that beat estimates of one point 15 00:00:54,240 --> 00:00:58,400 Speaker 3: eight four billion dollars. Look backward. Fourth quarter net revenue 16 00:00:58,440 --> 00:01:01,080 Speaker 3: coming in above estimate set one point nine to six 17 00:01:01,120 --> 00:01:03,560 Speaker 3: billion dollars. Shares in the after hours bouncing around but 18 00:01:03,640 --> 00:01:04,920 Speaker 3: unchanged as of now. 19 00:01:04,959 --> 00:01:07,360 Speaker 4: This is a stock tim that's still down about twenty 20 00:01:07,400 --> 00:01:11,040 Speaker 4: one percent so far this year. So again, earning's kind 21 00:01:11,040 --> 00:01:13,399 Speaker 4: of giving investors something they're jew on, but still not 22 00:01:13,520 --> 00:01:15,800 Speaker 4: much follow through, at least as a released Autodesk which 23 00:01:15,840 --> 00:01:17,640 Speaker 4: is down and call it two percent right. 24 00:01:17,680 --> 00:01:19,360 Speaker 1: Also keep an eye on net apup. The shares up 25 00:01:19,400 --> 00:01:22,440 Speaker 1: about six percent in the after hours trade. Data Management 26 00:01:22,480 --> 00:01:25,600 Speaker 1: Software is the game. Adjusted EPs in its fiscal third 27 00:01:25,720 --> 00:01:28,160 Speaker 1: quarter three two dollars and twelve cents a share. The 28 00:01:28,160 --> 00:01:30,199 Speaker 1: street was looking for two oh six, so a beat there. 29 00:01:30,480 --> 00:01:32,840 Speaker 1: In line on the revenue side at around one point 30 00:01:32,880 --> 00:01:35,080 Speaker 1: one to seven billion. The company says that for the 31 00:01:35,080 --> 00:01:37,800 Speaker 1: current quarter, it's fiscal fourth quarter, it sees revenue in 32 00:01:37,800 --> 00:01:39,680 Speaker 1: a range of one point eight to one point nine 33 00:01:39,720 --> 00:01:42,360 Speaker 1: to five billion. The low end of that range is 34 00:01:42,480 --> 00:01:45,080 Speaker 1: right on the nose of the average of Wall Street estimates. 35 00:01:45,120 --> 00:01:47,760 Speaker 1: The shares right now basically unchanged on red news. 36 00:01:47,840 --> 00:01:49,280 Speaker 5: I want to go back to into it because now 37 00:01:49,320 --> 00:01:52,040 Speaker 5: we're seeing the stock actually rally more than two percent 38 00:01:52,080 --> 00:01:54,520 Speaker 5: here in the aftermarket. We know it's been getting hammered 39 00:01:54,920 --> 00:01:57,840 Speaker 5: to not in a good way, down about forty percent. 40 00:01:58,040 --> 00:02:01,200 Speaker 1: You're a good way to get here or explained girl. 41 00:02:01,640 --> 00:02:04,080 Speaker 5: All right, it's been a rough year in twenty twenty six. 42 00:02:04,120 --> 00:02:06,080 Speaker 5: Stocks down about forty percent so far this year, but 43 00:02:06,160 --> 00:02:09,079 Speaker 5: let's go back because into it, you know, get into 44 00:02:09,080 --> 00:02:11,440 Speaker 5: the outlook. Seeing third quarter just at EPs, it's a 45 00:02:11,480 --> 00:02:14,280 Speaker 5: little bit light in terms of what the street's expecting. 46 00:02:14,560 --> 00:02:16,800 Speaker 5: They are looking for a third quarter revenue up about 47 00:02:17,280 --> 00:02:20,120 Speaker 5: ten percent. You can see stock bouncing around. Now it's 48 00:02:20,160 --> 00:02:22,320 Speaker 5: down to get down now it's unchanged. So I think 49 00:02:22,320 --> 00:02:24,919 Speaker 5: investors just trying to figure out good, bad, or indifferent. 50 00:02:25,240 --> 00:02:28,400 Speaker 3: I'm looking at dual lingo the headline here and shares 51 00:02:28,440 --> 00:02:31,200 Speaker 3: her down, but all the company authorizes four hundred million 52 00:02:31,200 --> 00:02:34,560 Speaker 3: dollars share buyback program. Shares down right now by fourteen 53 00:02:34,600 --> 00:02:38,120 Speaker 3: point seven percent. The company for its outlook another reason 54 00:02:38,120 --> 00:02:40,679 Speaker 3: why or one reason why the stock is down. Four 55 00:02:40,800 --> 00:02:43,640 Speaker 3: quarter bookings three hundred and one point five million dollars, 56 00:02:43,639 --> 00:02:45,600 Speaker 3: the estimates for three hundred and thirty two point one 57 00:02:45,600 --> 00:02:48,799 Speaker 3: million dollars, so a miss there. The company sees first 58 00:02:48,880 --> 00:02:50,720 Speaker 3: quarter revenue coming in at two hundred and eighty eight 59 00:02:50,720 --> 00:02:53,079 Speaker 3: and a half million dollars. That's shy of the two 60 00:02:53,120 --> 00:02:56,600 Speaker 3: hundred and ninety one point eight million dollars that investors 61 00:02:56,639 --> 00:02:59,040 Speaker 3: wanted to see. This stock has been under pressure a 62 00:02:59,120 --> 00:03:03,480 Speaker 3: CFO change just a few months ago. Shares down by 63 00:03:03,520 --> 00:03:06,920 Speaker 3: about eighteen percent as we speak once again, twenty twenty 64 00:03:06,919 --> 00:03:09,320 Speaker 3: six bookings one point twenty seven billion to one point 65 00:03:09,320 --> 00:03:13,240 Speaker 3: three billion, the estimos for one point four billion dollars. 66 00:03:13,840 --> 00:03:16,919 Speaker 3: We got the CEO coming on the program tomorrow. We're 67 00:03:16,919 --> 00:03:18,960 Speaker 3: going to ask him about all this and more. Luis 68 00:03:19,040 --> 00:03:19,440 Speaker 3: van On. 69 00:03:19,520 --> 00:03:20,639 Speaker 1: What language is going to be in. 70 00:03:21,000 --> 00:03:23,080 Speaker 3: He speaks a lot of languages, but we're going to 71 00:03:23,080 --> 00:03:25,560 Speaker 3: do it in English because that's our limitation here. 72 00:03:25,600 --> 00:03:28,800 Speaker 5: It's going to be accountant language, financial language. 73 00:03:29,160 --> 00:03:32,000 Speaker 4: Well, go on from languages to online marketplaces. I don't 74 00:03:32,000 --> 00:03:33,680 Speaker 4: really know an easy way to pivot there, but real 75 00:03:33,760 --> 00:03:36,000 Speaker 4: real right now up five point seven percent. This came 76 00:03:36,680 --> 00:03:40,240 Speaker 4: after forecasts for revenue beat. Expectation sees one Q revenue 77 00:03:40,280 --> 00:03:41,839 Speaker 4: one hundred and eighty five to one hundred and eighty 78 00:03:41,960 --> 00:03:45,240 Speaker 4: nine million dollars, the low end of that easily passing 79 00:03:45,360 --> 00:03:47,280 Speaker 4: estimates for one hundred and eighty two point two million. 80 00:03:47,520 --> 00:03:51,320 Speaker 4: Looking at first quarter EBITDAH adjusted EBITDAF forecasts eleven to 81 00:03:51,400 --> 00:03:54,880 Speaker 4: thirteen million dollars. Estimates were for eight point seven million dollars, 82 00:03:54,920 --> 00:03:57,880 Speaker 4: So a beat as it relates to real real looking forward, 83 00:03:57,920 --> 00:04:00,800 Speaker 4: But again, another company that's been under pressure down also 84 00:04:01,000 --> 00:04:03,080 Speaker 4: more than twenty percent so far this year. 85 00:04:03,200 --> 00:04:06,320 Speaker 1: Computer and server maker Dell now crossing the wire with 86 00:04:06,400 --> 00:04:09,360 Speaker 1: its quarterly report. The share is popping initially on the 87 00:04:09,400 --> 00:04:11,640 Speaker 1: back of it. The main headline, the redhead on the 88 00:04:11,720 --> 00:04:14,920 Speaker 1: terminal iss your fiscal twenty twenty seven forecast revenue in 89 00:04:14,920 --> 00:04:16,760 Speaker 1: a range of one hundred and thirty eight to one 90 00:04:16,800 --> 00:04:19,440 Speaker 1: hundred and forty two billion. The low end of that 91 00:04:19,560 --> 00:04:22,840 Speaker 1: range is more than ten billion dollars above the average 92 00:04:22,839 --> 00:04:25,120 Speaker 1: street estimates. The street was looking for one twenty six 93 00:04:25,360 --> 00:04:28,000 Speaker 1: and change. So a very bullish guidance here on the 94 00:04:28,040 --> 00:04:31,280 Speaker 1: revenue side. When we look go back just a little 95 00:04:31,279 --> 00:04:33,480 Speaker 1: bit and take a look at the adjusted EPs in 96 00:04:33,520 --> 00:04:36,080 Speaker 1: the quarter that just passed, the company also beat there 97 00:04:36,240 --> 00:04:38,400 Speaker 1: three dollars and eighty nine cents a share. The street 98 00:04:38,440 --> 00:04:40,599 Speaker 1: on average is looking for three point fifty two. It 99 00:04:40,600 --> 00:04:43,239 Speaker 1: looks like revenue also beat in the most recent quarter. 100 00:04:43,440 --> 00:04:46,520 Speaker 1: The company also guys says it's going to raise its 101 00:04:46,560 --> 00:04:51,479 Speaker 1: annual dividend by twenty percent, boost its buyback program buy 102 00:04:51,560 --> 00:04:54,599 Speaker 1: ten billion dollars. A lot to unpack here in this release. 103 00:04:54,680 --> 00:04:57,280 Speaker 5: Yeah, some more in terms of the commentary and context 104 00:04:57,600 --> 00:05:00,120 Speaker 5: from the company. Recorded AI orders of thirty five four 105 00:05:00,160 --> 00:05:03,000 Speaker 5: point one billion in the fourth quarter, sixty four point 106 00:05:03,040 --> 00:05:07,000 Speaker 5: one billion for the full year fiscal twenty twenty six, 107 00:05:07,160 --> 00:05:11,360 Speaker 5: in particular, surpassing four thousand AI customers in fiscal year 108 00:05:11,400 --> 00:05:15,640 Speaker 5: twenty six, with growth across Neil Clouds, sovereign and enterprise customers. 109 00:05:15,920 --> 00:05:18,159 Speaker 5: And again, as you said, raising that annual dividend and 110 00:05:18,200 --> 00:05:21,440 Speaker 5: that board approving that ten billion dollar increase in the 111 00:05:21,480 --> 00:05:25,320 Speaker 5: share buy back, and the fiscal year twenty twenty seven 112 00:05:25,480 --> 00:05:28,680 Speaker 5: COMPANIESE suggested EPs of twelve dollars ninety cents a share 113 00:05:28,680 --> 00:05:31,560 Speaker 5: at the midpoint. That's of twenty five percent tim here 114 00:05:31,600 --> 00:05:32,000 Speaker 5: over year. 115 00:05:32,320 --> 00:05:35,400 Speaker 3: Just looking through the commentary in the release to get 116 00:05:35,440 --> 00:05:41,560 Speaker 3: some more context, the company's vice chair and COO, Jeff Clark, says, 117 00:05:41,600 --> 00:05:44,360 Speaker 3: the AI opportunity is transforming our company. We close more 118 00:05:44,360 --> 00:05:47,760 Speaker 3: than sixty four billion in AI optimized server orders shit 119 00:05:47,800 --> 00:05:50,919 Speaker 3: more than twenty five billion dollars throughout the year, and 120 00:05:50,960 --> 00:05:53,800 Speaker 3: are entering fiscal year twenty seven with record backlog of 121 00:05:53,800 --> 00:05:56,880 Speaker 3: forty three billion dollars. Powerful proof that our engineering leadership 122 00:05:57,120 --> 00:06:00,640 Speaker 3: and differentiated AI solutions are winning. Shares up by about 123 00:06:00,640 --> 00:06:01,680 Speaker 3: six percent right now. 124 00:06:01,800 --> 00:06:03,960 Speaker 1: Yeah, and you talk about that revenue growth figure. Remember, 125 00:06:04,040 --> 00:06:05,560 Speaker 1: just a few years ago, this was a company that 126 00:06:05,640 --> 00:06:08,680 Speaker 1: was in contraction and certainly got a big boost from AI. 127 00:06:08,880 --> 00:06:11,479 Speaker 1: I do want to turn real quickly to block tick xyz. 128 00:06:11,640 --> 00:06:14,200 Speaker 1: A lot of drama surrounding that company. The company says 129 00:06:14,240 --> 00:06:17,120 Speaker 1: it's going to cut forty percent of its workforce and 130 00:06:17,160 --> 00:06:19,680 Speaker 1: says that for the first quarter that we're in right now, 131 00:06:19,800 --> 00:06:23,080 Speaker 1: it sees adjusted operating income in a range or excuse me, 132 00:06:23,120 --> 00:06:25,839 Speaker 1: a six hundred million dollars, which is actually above what 133 00:06:25,960 --> 00:06:28,400 Speaker 1: the street was looking for. The company did actually report 134 00:06:28,400 --> 00:06:30,919 Speaker 1: earnings for the quarters that just passed, the fourth quarter, 135 00:06:31,160 --> 00:06:33,520 Speaker 1: saying that profit gross profit did come in and above 136 00:06:33,640 --> 00:06:36,320 Speaker 1: estimates at one point eight three billion, and its segment 137 00:06:36,360 --> 00:06:39,839 Speaker 1: revenue relatively in line with estimates at about two point 138 00:06:39,920 --> 00:06:42,520 Speaker 1: one point nine billion. But the key headline there is 139 00:06:42,520 --> 00:06:44,200 Speaker 1: a forty percent cut of it's. 140 00:06:44,080 --> 00:06:49,000 Speaker 3: Hold on romaine. When have you ever seen an announcement 141 00:06:50,560 --> 00:06:52,279 Speaker 3: forty percent cut to headcount? 142 00:06:52,720 --> 00:06:54,920 Speaker 1: This is I'm a little surprised by this. I'm actually 143 00:06:54,960 --> 00:06:56,560 Speaker 1: looking through the release right now. I don't know if 144 00:06:56,560 --> 00:06:58,400 Speaker 1: this is has something to do with some of the 145 00:06:58,440 --> 00:07:01,400 Speaker 1: drama that we've been reporting on about the future of 146 00:07:01,440 --> 00:07:05,080 Speaker 1: this company, whether this is about productivity and AI. Jack 147 00:07:05,120 --> 00:07:07,560 Speaker 1: Dorshy of course has not been very vocal about exactly 148 00:07:07,560 --> 00:07:09,400 Speaker 1: what's been going on there, but we talk about a 149 00:07:09,400 --> 00:07:11,400 Speaker 1: company that we know has been trying to go through 150 00:07:11,400 --> 00:07:13,720 Speaker 1: some sort of restructuring. We have to find out the 151 00:07:13,720 --> 00:07:15,360 Speaker 1: exact reasons why. But I mean, you look at the 152 00:07:15,360 --> 00:07:17,080 Speaker 1: investor reaction there. Tim, I don't know if you have 153 00:07:17,400 --> 00:07:19,160 Speaker 1: a TV screen in front of you, but a fifteen 154 00:07:19,200 --> 00:07:20,720 Speaker 1: percent pop in the shares on that. 155 00:07:20,680 --> 00:07:23,320 Speaker 3: Well, when you're paying you know, you know, when your 156 00:07:23,320 --> 00:07:26,120 Speaker 3: workforce is declined by more than forty percent, your salaries 157 00:07:26,160 --> 00:07:28,720 Speaker 3: are going to be going down. So I think that 158 00:07:28,720 --> 00:07:31,000 Speaker 3: that's probably one of the reasons why we're seeing that 159 00:07:31,440 --> 00:07:33,400 Speaker 3: reaction right now. But yeah, we're gonna have to dig 160 00:07:33,400 --> 00:07:35,720 Speaker 3: into this more because that's a that is a big 161 00:07:36,040 --> 00:07:38,480 Speaker 3: headcut YEP at headcount Cut announcement. 162 00:07:39,960 --> 00:07:43,960 Speaker 2: This Stock Movers report from Bloomberg Radio. 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