1 00:00:02,520 --> 00:00:07,040 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:09,920 --> 00:00:13,360 Speaker 2: This is the closing bell on the stock mover's report. 3 00:00:13,600 --> 00:00:16,560 Speaker 2: The company's making moves at the close of US trading 4 00:00:16,800 --> 00:00:21,479 Speaker 2: with Carol Master, Tim Stenobeck, Romain Bostik, and Scarlett Foo. 5 00:00:22,520 --> 00:00:24,560 Speaker 3: Damn Jen coming out with earnings and indeed they have 6 00:00:24,600 --> 00:00:25,720 Speaker 3: crossed the Bloomberg terminal. 7 00:00:25,760 --> 00:00:26,279 Speaker 4: Let's get to it. 8 00:00:26,320 --> 00:00:28,960 Speaker 3: The company boosting its twenty twenty five guidance after quarterly 9 00:00:29,000 --> 00:00:31,360 Speaker 3: results beat Wall Street estimates on the back of strong 10 00:00:31,400 --> 00:00:33,199 Speaker 3: sales from older medicine. 11 00:00:33,360 --> 00:00:34,600 Speaker 4: The company now expects. 12 00:00:34,320 --> 00:00:36,960 Speaker 3: Full year revenue of as much as thirty six billion dollars, 13 00:00:37,040 --> 00:00:40,080 Speaker 3: lifted the high end of its adjusted profit guidance by 14 00:00:40,200 --> 00:00:43,480 Speaker 3: ten cents a share. And the company reporting strong sales 15 00:00:43,479 --> 00:00:46,920 Speaker 3: across its portfolio. Second quarter revenue nine point eighteen billion 16 00:00:46,920 --> 00:00:50,040 Speaker 3: that beat Wall Street expectations, and that's driven by sales 17 00:00:50,080 --> 00:00:54,440 Speaker 3: of medicines such as REPATHA, Eminent T I think it is, 18 00:00:54,480 --> 00:00:55,560 Speaker 3: and Oteslas. 19 00:00:55,560 --> 00:00:57,360 Speaker 4: So we are seeing hello Farma name. 20 00:00:57,520 --> 00:00:57,840 Speaker 1: I know that. 21 00:00:58,000 --> 00:00:58,240 Speaker 2: You know. 22 00:00:58,320 --> 00:00:59,440 Speaker 4: Why do they do that to us? 23 00:00:59,640 --> 00:01:03,440 Speaker 3: Is that stock is unchanged here in the aftermarket it's 24 00:01:03,480 --> 00:01:05,040 Speaker 3: up fifteen percent though year to date. 25 00:01:05,520 --> 00:01:08,080 Speaker 1: All right, let's get some other earning skyworks crossing the wire, 26 00:01:08,120 --> 00:01:12,920 Speaker 1: of course, primarily a supplier for iPhones and smartphones, I 27 00:01:12,959 --> 00:01:14,920 Speaker 1: should say overall. The company says it in the most 28 00:01:14,959 --> 00:01:17,480 Speaker 1: recent quarter it had revenue of nine hundred and sixty 29 00:01:17,480 --> 00:01:19,479 Speaker 1: five million dollars. That's a beat. The street was looking 30 00:01:19,480 --> 00:01:23,280 Speaker 1: for roughly six thirty nine adjusted EPs, also beating estimates, 31 00:01:23,280 --> 00:01:25,360 Speaker 1: And here's your guidance. The company says that for the 32 00:01:25,400 --> 00:01:28,120 Speaker 1: fourth quarter, adjusted EPs will be a dollar forty a share. 33 00:01:28,160 --> 00:01:30,800 Speaker 1: The street, on average was only looking for ninety nine 34 00:01:31,120 --> 00:01:32,880 Speaker 1: cents a share, so that would be a huge beat. 35 00:01:32,920 --> 00:01:34,880 Speaker 1: And you see that reflected in the knee jerk reaction 36 00:01:35,240 --> 00:01:37,880 Speaker 1: there in the bottom corner of your screen. Up seven 37 00:01:37,920 --> 00:01:39,280 Speaker 1: percent in the after hours, straight. 38 00:01:39,120 --> 00:01:42,440 Speaker 5: Pretty nice stuff, you see. Similarly, for Angine, they actually 39 00:01:42,560 --> 00:01:47,440 Speaker 5: boosted their full year revenue forecast to thirty six billion. 40 00:01:47,480 --> 00:01:51,320 Speaker 5: They initially saw thirty four point three to thirty five 41 00:01:51,360 --> 00:01:53,720 Speaker 5: point seven billion, the low end of the new range of. 42 00:01:53,760 --> 00:01:54,680 Speaker 4: Thirty five billion. 43 00:01:55,000 --> 00:01:58,480 Speaker 5: So that consistency here with those outward revisions certainly coming 44 00:01:58,520 --> 00:02:00,600 Speaker 5: out of Corporate America in the face of tariffs, and 45 00:02:00,600 --> 00:02:02,919 Speaker 5: O Matt has been talking all morning about the threat 46 00:02:03,080 --> 00:02:05,760 Speaker 5: of higher charm of tariffs on the farma industry, in 47 00:02:05,800 --> 00:02:06,919 Speaker 5: particular from the President. 48 00:02:07,000 --> 00:02:09,960 Speaker 6: Yeah, I can't forget about the Sunday press conference in 49 00:02:10,000 --> 00:02:13,000 Speaker 6: which President Trump reiterated he wants to cut drug costs 50 00:02:13,000 --> 00:02:16,840 Speaker 6: by fifteen hundred percent, which obviously it's not possible, but 51 00:02:17,160 --> 00:02:19,320 Speaker 6: especially if you're going to raise arrifs to two hundred 52 00:02:19,320 --> 00:02:22,000 Speaker 6: and fifty percent, which is what he told cmb C 53 00:02:22,160 --> 00:02:24,800 Speaker 6: this morning. So, Amjen, you know, is a massive company, 54 00:02:24,840 --> 00:02:26,560 Speaker 6: one hundred and sixty billion dollar market cap. 55 00:02:26,639 --> 00:02:27,720 Speaker 4: Skyworks much smaller. 56 00:02:27,720 --> 00:02:30,200 Speaker 6: It's only a ten billion dollar company, and it's getting 57 00:02:30,240 --> 00:02:32,720 Speaker 6: smaller right because Skyworks has shrunk. It's lost about a 58 00:02:32,800 --> 00:02:35,040 Speaker 6: quarter of its value so far this year to date. 59 00:02:35,520 --> 00:02:38,280 Speaker 5: I'm also taking a look here at Trevago as well 60 00:02:38,440 --> 00:02:41,640 Speaker 5: to see how more of the consumer is doing here. 61 00:02:41,639 --> 00:02:44,040 Speaker 5: And you're looking at revenue also beating estimates once again. 62 00:02:44,080 --> 00:02:46,160 Speaker 5: So that's three for three guys. Yeah, you are not 63 00:02:46,240 --> 00:02:48,960 Speaker 5: seeing as worm of a reaction here in the stock 64 00:02:48,960 --> 00:02:51,360 Speaker 5: price still down more than three percent. Will purse through 65 00:02:51,440 --> 00:02:52,440 Speaker 5: to let you know what the. 66 00:02:52,400 --> 00:02:53,320 Speaker 4: Big deal is there. 67 00:02:53,680 --> 00:02:56,120 Speaker 6: I'm looking at Rivian right now out with a second 68 00:02:56,200 --> 00:03:00,639 Speaker 6: quarter loss per share of ninety seven I was gonna say, 69 00:03:00,680 --> 00:03:03,119 Speaker 6: only ninety seven cents because they lost almost a dollar 70 00:03:03,240 --> 00:03:05,920 Speaker 6: fifty a share last year one forty six to be exact. 71 00:03:06,480 --> 00:03:09,680 Speaker 6: Second quarter revenue one point three billion, and that actually 72 00:03:09,680 --> 00:03:13,400 Speaker 6: beats the estimate of one point two eight billion they delivered. 73 00:03:13,560 --> 00:03:14,720 Speaker 4: Get this in the quarter. 74 00:03:15,080 --> 00:03:17,720 Speaker 6: This is for a three month period, ten thousand, six 75 00:03:17,800 --> 00:03:21,120 Speaker 6: hundred and sixty one vehicles. That's lower than they were 76 00:03:21,160 --> 00:03:25,000 Speaker 6: expected to deliver with the estimate. The shares right now 77 00:03:25,000 --> 00:03:27,919 Speaker 6: are down about six percent. This is a company that 78 00:03:28,160 --> 00:03:32,400 Speaker 6: just started producing cars at exactly the wrong time. Remember, 79 00:03:32,480 --> 00:03:35,640 Speaker 6: right in the middle pandemic, they couldn't get any chips, 80 00:03:35,680 --> 00:03:38,040 Speaker 6: and now they've never been able to lift production more 81 00:03:38,080 --> 00:03:39,720 Speaker 6: than like fifty thousand a year. 82 00:03:39,800 --> 00:03:41,520 Speaker 1: We'll look at this, We'll look at that two Q 83 00:03:41,640 --> 00:03:43,640 Speaker 1: production number. That was a big miss. There less than 84 00:03:43,720 --> 00:03:47,280 Speaker 1: seven six thousand vehicles, Matt and the Street was looking 85 00:03:47,280 --> 00:03:51,040 Speaker 1: for about seven thousand, four hundred, So a huge sort 86 00:03:51,080 --> 00:03:53,400 Speaker 1: of downshift, if you will, on the production side. 87 00:03:53,480 --> 00:03:54,840 Speaker 4: Yeah, it's pretty unbelievable. 88 00:03:54,880 --> 00:03:59,400 Speaker 6: They expect to deliver only forty thousand vehicles this year, 89 00:03:59,560 --> 00:04:02,680 Speaker 6: or forty to forty six thousand at the top end, 90 00:04:02,920 --> 00:04:06,520 Speaker 6: so even fewer than they delivered last year. It's pretty 91 00:04:06,520 --> 00:04:09,440 Speaker 6: amazing to me because I think there are such attractive 92 00:04:09,840 --> 00:04:12,480 Speaker 6: vehicles and they're so powerful by one of these two. 93 00:04:12,720 --> 00:04:14,760 Speaker 1: Because you have a big car collection, right, It's. 94 00:04:14,600 --> 00:04:15,840 Speaker 4: Like I F one fifty. 95 00:04:15,920 --> 00:04:18,039 Speaker 6: I do not have a big car collection, but I 96 00:04:18,120 --> 00:04:20,840 Speaker 6: love big cars. And what they need to make at 97 00:04:20,880 --> 00:04:22,680 Speaker 6: Rivian is a smaller, more affordable car. 98 00:04:22,760 --> 00:04:22,920 Speaker 4: Right. 99 00:04:22,960 --> 00:04:25,280 Speaker 6: Not everybody's going to run out and pay eighty ninety 100 00:04:25,320 --> 00:04:27,240 Speaker 6: thousand dollars from these days A key one. 101 00:04:27,400 --> 00:04:30,560 Speaker 3: Hey cvs A, Well, you debate this, why don't we 102 00:04:30,600 --> 00:04:33,080 Speaker 3: take this offline. I'm going to go back to Skywarks 103 00:04:33,080 --> 00:04:35,120 Speaker 3: because that stock is up about eight percent here in 104 00:04:35,160 --> 00:04:37,680 Speaker 3: the aftermarket. I want to go again to the outlook. 105 00:04:37,960 --> 00:04:40,200 Speaker 3: The company is seeing fourth quarter revenue of a billion 106 00:04:40,200 --> 00:04:42,960 Speaker 3: dollars to one point zero three billion. The street estimate 107 00:04:43,040 --> 00:04:45,520 Speaker 3: is eight hundred and eighty three point one million, and 108 00:04:45,520 --> 00:04:47,800 Speaker 3: then the company also talked about fourth quarter adjusted EPs 109 00:04:47,839 --> 00:04:50,160 Speaker 3: of a buck forty. The street estimate is ninety nine cents. 110 00:04:50,200 --> 00:04:53,240 Speaker 3: So you can understand. The stock's been under pressure this year, 111 00:04:53,279 --> 00:04:55,320 Speaker 3: down about more than twenty percent year to date, but 112 00:04:55,320 --> 00:04:57,680 Speaker 3: we're seeing about a nine percent bump to the upside 113 00:04:57,680 --> 00:04:59,200 Speaker 3: here in the aftermarket. 114 00:04:59,320 --> 00:05:03,400 Speaker 5: We're also waiting here watching Lucid crossing the wire as well. 115 00:05:03,440 --> 00:05:06,120 Speaker 5: So speaking of vehicles, you're look at the adjusted loss 116 00:05:06,120 --> 00:05:09,120 Speaker 5: per share twenty four cents. The estimate was twenty two cents, 117 00:05:09,120 --> 00:05:12,360 Speaker 5: so at least EPs a beating on expectations. They see 118 00:05:12,360 --> 00:05:17,279 Speaker 5: full year production at eighteen thousand, two twenty thousand vehicles 119 00:05:17,320 --> 00:05:19,600 Speaker 5: they had initially saw twenty thousand, So they gave a 120 00:05:19,640 --> 00:05:21,560 Speaker 5: new lower end of the range and there you go. 121 00:05:21,680 --> 00:05:22,200 Speaker 4: You know, you have it. 122 00:05:22,279 --> 00:05:24,120 Speaker 5: Lucid down another five percent toast. 123 00:05:24,200 --> 00:05:27,680 Speaker 1: Of course, this is the restaurant payment platform. With their earnings, 124 00:05:27,680 --> 00:05:30,119 Speaker 1: two Q revenue looks like it's come in a slight 125 00:05:30,160 --> 00:05:32,599 Speaker 1: beat one point five to five billion the street was 126 00:05:32,600 --> 00:05:34,560 Speaker 1: looking for one point five to two Ebit out the 127 00:05:34,560 --> 00:05:37,040 Speaker 1: bottom line number one hundred and sixty one million. The 128 00:05:37,080 --> 00:05:39,719 Speaker 1: street was looking for one hundred and thirty nine million 129 00:05:39,720 --> 00:05:42,720 Speaker 1: in the company says that hardware and its professional services 130 00:05:42,800 --> 00:05:45,359 Speaker 1: also looks like a beat as well. No guidance, but 131 00:05:45,400 --> 00:05:47,560 Speaker 1: you see a modest move higher in the shares. 132 00:05:47,800 --> 00:05:51,599 Speaker 6: All right, super Micro is out and they post first 133 00:05:51,640 --> 00:05:55,560 Speaker 6: off disappointing fourth quarter adjusted gross margin nine point six 134 00:05:55,680 --> 00:05:58,360 Speaker 6: percent the street was looking for ten percent. 135 00:05:58,480 --> 00:05:59,440 Speaker 4: The EPs for. 136 00:05:59,400 --> 00:06:01,400 Speaker 6: The fourth core or just at EPs was also a 137 00:06:01,400 --> 00:06:05,680 Speaker 6: disappointment at forty one cents versus the estimate of forty 138 00:06:05,720 --> 00:06:09,719 Speaker 6: four cents. In terms of the outlook, they see net 139 00:06:09,800 --> 00:06:12,920 Speaker 6: sales of at least thirty three billion dollars. That's a 140 00:06:12,960 --> 00:06:16,120 Speaker 6: little bit better than the street's estimate. But the stock 141 00:06:16,360 --> 00:06:21,040 Speaker 6: is down thirteen percent in the after hours trade. So 142 00:06:21,760 --> 00:06:24,800 Speaker 6: everything in the fourth quarter missed estimates. And I guess 143 00:06:24,839 --> 00:06:27,880 Speaker 6: it doesn't matter if they lift their twenty twenty six 144 00:06:29,600 --> 00:06:33,599 Speaker 6: sales estimates above what the street expects, because investors are 145 00:06:33,600 --> 00:06:35,200 Speaker 6: still disappointed in this company right now. 146 00:06:35,279 --> 00:06:36,440 Speaker 4: All right, got a quick one for you. 147 00:06:36,800 --> 00:06:39,200 Speaker 3: Super micros Matt mentioned down about eleven percent. 148 00:06:39,320 --> 00:06:39,800 Speaker 4: Clavio. 149 00:06:40,279 --> 00:06:43,320 Speaker 3: Let's get to that one, crossing the Bloomberg terminal application 150 00:06:43,400 --> 00:06:46,479 Speaker 3: software company. Get to the outlook. Sees fiscal year revenue 151 00:06:46,480 --> 00:06:49,760 Speaker 3: of one point two billion to one point two billion, 152 00:06:49,839 --> 00:06:53,200 Speaker 3: so looks like no range there. The previous had been 153 00:06:53,360 --> 00:06:56,279 Speaker 3: one point seventeen billion to one point eighteen billion. 154 00:06:56,720 --> 00:06:58,719 Speaker 4: As for the second quarter revenue of. 155 00:06:58,680 --> 00:07:00,880 Speaker 3: Two hundred and ninety three point one one million, that 156 00:07:01,040 --> 00:07:02,760 Speaker 3: is a beat the street was looking for two seventy 157 00:07:02,800 --> 00:07:05,440 Speaker 3: eight point seven millions. You've seen that stock up about 158 00:07:05,680 --> 00:07:08,320 Speaker 3: seven and a half percent here in the aftermarket, and 159 00:07:08,360 --> 00:07:10,880 Speaker 3: we have seen this stock under pressure this year, down 160 00:07:10,920 --> 00:07:13,240 Speaker 3: about twenty five percent, but investors moving into. 161 00:07:13,040 --> 00:07:14,240 Speaker 4: It in the aftermarket. 162 00:07:14,320 --> 00:07:16,680 Speaker 5: I want to take a look at open Door Technologies 163 00:07:16,680 --> 00:07:19,400 Speaker 5: as well, because remember you may remember the mean stock 164 00:07:19,440 --> 00:07:22,600 Speaker 5: frenzy that has hit the stock. It's now down more 165 00:07:22,600 --> 00:07:26,080 Speaker 5: than twelve percent after the market because it says three 166 00:07:26,160 --> 00:07:29,320 Speaker 5: quarter third quarter of revenue would be eight hundred million 167 00:07:29,360 --> 00:07:32,200 Speaker 5: to eight hundred seventy five million. The net loss of 168 00:07:32,320 --> 00:07:35,560 Speaker 5: nine million is compared with thirteen point seven million. But 169 00:07:35,600 --> 00:07:39,440 Speaker 5: remember this is a company that had been extraordinarily run 170 00:07:39,520 --> 00:07:42,920 Speaker 5: up until this moment. Revenue actually beat estimates. Here, you're 171 00:07:42,960 --> 00:07:44,480 Speaker 5: seeing the client still after mark. 172 00:07:44,600 --> 00:07:47,320 Speaker 4: We don't just remember open Door Shanali. 173 00:07:47,400 --> 00:07:51,119 Speaker 6: We will be talking to Eric Jackson later this hour, 174 00:07:51,320 --> 00:07:54,600 Speaker 6: so while you continue there on television, Eric John Jackson 175 00:07:54,600 --> 00:07:57,280 Speaker 6: from EMG Capitalism, Yeah, talk to us. And he was 176 00:07:57,320 --> 00:08:00,600 Speaker 6: touting the stock before the meme hit again. 177 00:08:00,640 --> 00:08:01,480 Speaker 4: He talked at. 178 00:08:01,360 --> 00:08:03,880 Speaker 1: Arista Networks also out with its surnings, those shares moving 179 00:08:03,960 --> 00:08:06,800 Speaker 1: higher by about seven percent. The cloud networking company did 180 00:08:06,840 --> 00:08:09,120 Speaker 1: beat on both the top and bottom line two point 181 00:08:09,200 --> 00:08:11,520 Speaker 1: two billion dollars in revenue. On the top line seventy 182 00:08:11,560 --> 00:08:15,000 Speaker 1: three cents in adjusted EPs on the bottom line, and 183 00:08:15,000 --> 00:08:17,080 Speaker 1: we're going to look at the services revenue as well 184 00:08:17,080 --> 00:08:19,440 Speaker 1: as some of their costs here. Both of those numbers 185 00:08:19,480 --> 00:08:21,360 Speaker 1: also appeared to beat estimates. 186 00:08:22,800 --> 00:08:26,840 Speaker 2: This Stock Movers report from Bloomberg Radio. Check back with 187 00:08:26,920 --> 00:08:29,480 Speaker 2: us throughout the day for the latest roundup of companies 188 00:08:29,560 --> 00:08:32,680 Speaker 2: making news on Wall Street and for the latest market 189 00:08:32,679 --> 00:08:37,160 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 190 00:08:37,240 --> 00:08:40,760 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 191 00:08:40,840 --> 00:08:42,319 Speaker 2: the Bloomberg Business app.