1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:17,079 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,200 --> 00:00:19,680 Speaker 3: I'm Carol Messer along with Matt Miller. 5 00:00:19,880 --> 00:00:22,560 Speaker 1: Let's get to some stocks on the move. 6 00:00:22,880 --> 00:00:25,080 Speaker 3: And doing that for us right now is Bloomberg News 7 00:00:25,120 --> 00:00:28,600 Speaker 3: Equities reporter Bailey Lipshaltz read a bunch of earnings after 8 00:00:28,640 --> 00:00:30,520 Speaker 3: the closing bell, and that's where you're focused. 9 00:00:30,640 --> 00:00:33,640 Speaker 1: Come back, buddy, Yeah, welcome back in Tokyo for the 10 00:00:33,680 --> 00:00:35,519 Speaker 1: last three months. 11 00:00:34,840 --> 00:00:35,559 Speaker 4: Back in America. 12 00:00:35,680 --> 00:00:39,160 Speaker 1: Lovely New York City, Tokyo. Drift baby, that's right. 13 00:00:39,400 --> 00:00:40,440 Speaker 2: How was it awesome? 14 00:00:40,600 --> 00:00:41,159 Speaker 3: It was awesome. 15 00:00:41,240 --> 00:00:44,320 Speaker 4: Clean, people are nice, affordable everything New York's not, but 16 00:00:44,600 --> 00:00:45,279 Speaker 4: it's fine. 17 00:00:45,120 --> 00:00:49,760 Speaker 3: Affordable, interesting, dual Lingo, let's talk about it. 18 00:00:49,840 --> 00:00:52,920 Speaker 4: Yeah, starting with Duolingo right now, up about twelve percent. 19 00:00:53,040 --> 00:00:57,240 Speaker 4: This coming after beating expectations second quarter results on key metrics. 20 00:00:57,280 --> 00:01:00,920 Speaker 4: You're talking about daily active users missing expectations, but things 21 00:01:01,000 --> 00:01:04,200 Speaker 4: like revenue paid subscribers for the most part beating expectations. 22 00:01:04,240 --> 00:01:07,840 Speaker 4: Adjusted ebudah almost seventy nine million dollars a year over 23 00:01:07,920 --> 00:01:11,080 Speaker 4: year of sixty four percent. Estimates were for close to 24 00:01:11,120 --> 00:01:13,640 Speaker 4: sixty percent. This is stock though that wasn't more than 25 00:01:13,680 --> 00:01:16,520 Speaker 4: twenty five percent initially on the earnings and still is 26 00:01:16,560 --> 00:01:18,559 Speaker 4: down quite a bit from its peak back in May, 27 00:01:18,640 --> 00:01:21,160 Speaker 4: so working through some of those concerns, but it does 28 00:01:21,200 --> 00:01:24,600 Speaker 4: seem like at least the second quarter results beating expectations 29 00:01:24,600 --> 00:01:26,200 Speaker 4: in a really strong third quarter guidance. 30 00:01:26,240 --> 00:01:29,520 Speaker 3: Ticker is do UOL and again, as you said, I mean, 31 00:01:29,640 --> 00:01:31,360 Speaker 3: not as high as it was in the aftermarket, but 32 00:01:31,400 --> 00:01:32,840 Speaker 3: still up almost twelve percent here. 33 00:01:32,959 --> 00:01:36,000 Speaker 1: So you use dual lingo to brush up on your Japanese. 34 00:01:36,120 --> 00:01:38,440 Speaker 4: I had one hundred day streak. Ask me how many 35 00:01:38,480 --> 00:01:39,160 Speaker 4: words I could say? 36 00:01:39,200 --> 00:01:40,279 Speaker 1: How many? Six? 37 00:01:41,080 --> 00:01:41,959 Speaker 2: Yeah, that's what I thought. 38 00:01:42,160 --> 00:01:44,720 Speaker 4: They trained me how to like order red shoes, and 39 00:01:44,720 --> 00:01:47,360 Speaker 4: I was like, yeah, that's cool. I'm not buying red shoes, 40 00:01:47,440 --> 00:01:49,680 Speaker 4: but I'm really excited to be able to interact with 41 00:01:49,800 --> 00:01:50,680 Speaker 4: grandkids as well. 42 00:01:50,720 --> 00:01:52,600 Speaker 2: But if you should need to do it, you can do. 43 00:01:52,760 --> 00:01:55,640 Speaker 1: That's what That's what I thought to be fair, that 44 00:01:55,960 --> 00:01:59,280 Speaker 1: Japanese is a difficult I know it is. Carol's just 45 00:01:59,400 --> 00:02:04,680 Speaker 1: rushing us through all right. 46 00:02:04,680 --> 00:02:07,000 Speaker 4: Door dash right now at more than four percent. Ticker 47 00:02:07,200 --> 00:02:09,640 Speaker 4: dash so one of my favorite tickers this coming after 48 00:02:09,639 --> 00:02:12,760 Speaker 4: the company beat expectations. Big thuring big things Standing out 49 00:02:13,000 --> 00:02:16,040 Speaker 4: is their guidance for gross order value for three Q, 50 00:02:16,440 --> 00:02:18,760 Speaker 4: coming well ahead of what Wall Street was looking for. 51 00:02:19,120 --> 00:02:21,399 Speaker 4: They're penciling in twenty four point two billion to twenty 52 00:02:21,400 --> 00:02:23,720 Speaker 4: four point seven billion. Street was at twenty three point 53 00:02:23,720 --> 00:02:24,200 Speaker 4: eight billion. 54 00:02:24,360 --> 00:02:25,000 Speaker 3: But this is a. 55 00:02:24,960 --> 00:02:28,400 Speaker 4: Stock Guy's that closed a record high before results, has 56 00:02:28,440 --> 00:02:30,160 Speaker 4: more than doubled in last year, and is a top 57 00:02:30,200 --> 00:02:32,560 Speaker 4: ten performer in the S and P five hundred over 58 00:02:32,600 --> 00:02:34,280 Speaker 4: the last twelve months. So this is a company that 59 00:02:34,320 --> 00:02:37,639 Speaker 4: has been absolutely dominating, even though we're concerned about the consumer. 60 00:02:38,040 --> 00:02:41,239 Speaker 4: Seemingly people are ordering food, don't I don't get that. 61 00:02:41,320 --> 00:02:43,720 Speaker 1: What is your what is your favorite ticker? 62 00:02:44,120 --> 00:02:44,919 Speaker 4: My favorite ticker? 63 00:02:45,040 --> 00:02:45,239 Speaker 2: Yeah? 64 00:02:45,320 --> 00:02:47,680 Speaker 1: I like Hog Harley Barley ticker. 65 00:02:47,760 --> 00:02:49,720 Speaker 4: I like Woolf for Peco. 66 00:02:50,000 --> 00:02:55,280 Speaker 1: Yes, yeah, Wolf is quite good. DS is Disney, and 67 00:02:56,080 --> 00:02:58,640 Speaker 1: I don't know this company had in some senses the 68 00:02:58,680 --> 00:03:01,639 Speaker 1: earnings were amazing, right. We had Gee throw and ath 69 00:03:01,680 --> 00:03:04,120 Speaker 1: On earlier telling us that the theme parks business is 70 00:03:04,160 --> 00:03:08,000 Speaker 1: growing at like twenty five percent or something, and that's 71 00:03:08,040 --> 00:03:12,040 Speaker 1: a business that's just made to milk consumers of their money. 72 00:03:13,639 --> 00:03:17,519 Speaker 1: But what's been the issue that investors had with it's 73 00:03:17,600 --> 00:03:19,000 Speaker 1: not as good as people expected. 74 00:03:19,040 --> 00:03:22,520 Speaker 4: I mean, the cable, the regional linear, not really what 75 00:03:22,560 --> 00:03:24,400 Speaker 4: Wall Street was looking for. And the one thing to 76 00:03:24,480 --> 00:03:27,120 Speaker 4: keep in mind is even with today's drop only really 77 00:03:27,160 --> 00:03:29,280 Speaker 4: down two point seven percent, so not a huge sell 78 00:03:29,320 --> 00:03:31,720 Speaker 4: off WARS day since April, but it had been up 79 00:03:31,720 --> 00:03:36,640 Speaker 4: more than fourteen percent between the report and last earning, 80 00:03:36,760 --> 00:03:38,160 Speaker 4: So when you look at it on a three month 81 00:03:38,200 --> 00:03:42,000 Speaker 4: basis really not a bad performance. So maybe elevated expectations. 82 00:03:42,000 --> 00:03:43,800 Speaker 4: The big thing with a lot of these earnings are okay, 83 00:03:43,800 --> 00:03:46,920 Speaker 4: well what's the whisper? What are investors actually looking for? 84 00:03:47,400 --> 00:03:49,720 Speaker 4: But broadly speaking, when you look through analyst reactions and 85 00:03:49,760 --> 00:03:51,560 Speaker 4: even when I talked to a few investors this morning, 86 00:03:51,560 --> 00:03:54,040 Speaker 4: it was kind of like, I guess sell the news. 87 00:03:54,200 --> 00:03:58,280 Speaker 1: I heard so much about cable and linear TV, and 88 00:03:58,560 --> 00:04:02,840 Speaker 1: meanwhile ESPN makes a deal with NFL to take the 89 00:04:02,840 --> 00:04:08,280 Speaker 1: most valuable sports franchise into streaming. Like who cares about 90 00:04:08,280 --> 00:04:11,440 Speaker 1: cable now? Like why does Disney care about cable? They 91 00:04:11,520 --> 00:04:13,680 Speaker 1: have the app, I'll pay them whatever they need to 92 00:04:13,720 --> 00:04:14,440 Speaker 1: watch NFL. 93 00:04:14,640 --> 00:04:17,680 Speaker 4: Well, especially like going through social media, the reaction that 94 00:04:18,000 --> 00:04:21,160 Speaker 4: ESPN is going to bring NFL red zone in house, right, 95 00:04:21,240 --> 00:04:23,320 Speaker 4: a lot of uncertainty. As long as Scott Hansen is 96 00:04:23,320 --> 00:04:25,840 Speaker 4: on air for eight hours every Sunday, I'm in and 97 00:04:25,880 --> 00:04:27,200 Speaker 4: i will watch it no matter what. 98 00:04:27,279 --> 00:04:29,359 Speaker 1: And you'll pay twenty dollars a month or whatever you 99 00:04:29,400 --> 00:04:33,600 Speaker 1: need to pay, or stream it through various SUNS operations. Oh, 100 00:04:33,640 --> 00:04:37,800 Speaker 1: you'll find a different wabe, your buddy Pat or people 101 00:04:37,839 --> 00:04:39,040 Speaker 1: who are paying subscriptions. 102 00:04:39,080 --> 00:04:40,800 Speaker 3: I'll love watching guys talk about sport. 103 00:04:41,200 --> 00:04:46,080 Speaker 1: It's like just because a lot you have cars to store. Gip, 104 00:04:46,080 --> 00:04:46,600 Speaker 1: You're welcome. 105 00:04:46,640 --> 00:04:47,120 Speaker 4: You're welcome. 106 00:04:48,240 --> 00:04:52,280 Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with 107 00:04:52,360 --> 00:04:54,920 Speaker 2: us throughout the day for the latest roundup of companies 108 00:04:55,000 --> 00:04:58,080 Speaker 2: making news on Wall Street and for the latest market 109 00:04:58,120 --> 00:05:02,600 Speaker 2: moving headlines. Listen to bloom Radio Live, catch us on YouTube, 110 00:05:02,680 --> 00:05:06,159 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 111 00:05:06,240 --> 00:05:07,719 Speaker 2: the Bloomberg Business app.