Alphabet Falls, Uber Misses, Walt Disney Shares Surge
On this episode of Stock Movers:- Alphabet (GOOG) sunk on the news that Apple is “actively looking at” revamping the Safari web browser on its devices to focus on AI-powered search engines, a seismic shift for the industry hastened by the potential end of a longtime partnership with Google. Eddy Cue, Apple’s senior vice president of services, made the disclosure Wednesday during his testimony in the US Justice Department’s lawsuit against Alphabet. The heart of the dispute is the two companies’ estimated $20 billion-a-year deal that makes Google the default offering for queries in Apple’s browser. The case could force the tech giants to unwind the pact, upending how the iPhone and other devices have long operated.- Uber (UBER) shares are down after they reported weaker-than-expected quarterly gross bookings, citing lower US inbound travel that’s led to slower gains in its rideshare business. Gross bookings, which include ride hails, delivery orders and driver and merchant earnings, but not tips, were $42.8 billion in the first three months of 2025, Uber said in a statement Wednesday. Analysts projected $43.1 billion, according to Bloomberg-compiled data. Revenue also landed below expectations at $11.5 billion, as did operating income.- Walt Disney (DIS) shares are up after the company reported fiscal second-quarter results that beat Wall Street estimates and raised its outlook for the full year, citing strong performances from theme parks and streaming TV. The shares jumped as much as 12% in New York. Full-year 2025 earnings, excluding certain items, will rise 16% to $5.75 a share, Disney said Wednesday in a statement, about double its previous forecast for growth. Analysts were looking for $5.44 a share.See omnystudio.com/listener for privacy information.
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5:30
WeightWatchers Falls, Charles River Rallies, Walt Disney Jumps on Profit Forecast
On this episode of Stock Movers:- WeightWatchers (WW) shares fall after the company announced it has filed for bankruptcy to reduce its debt by $1.15 billion through a lender-backed plan, which is expected to be completed in 45 days. The company has struggled to compete with weight-loss drugs like Ozempic and has been burdened by annual interest expenses of over $100 million, limiting its ability to invest in growth initiatives and marketing.- Charles River (CRL) shares rally after the drug development contractor boosted its adjusted earnings per share forecast for the full year, following better-than-expected first-quarter results. Separately, the company also said it is in a cooperation pact with activist Elliott Investment Management where Elliott has agreed to “customary standstill, voting, confidentiality, and other provisions”- Walt Disney (DIS) shares jump after the company reported fiscal second-quarter results that beat Wall Street estimates and raised its outlook for the full year. It cited strong performances from theme parks and streaming TV.See omnystudio.com/listener for privacy information.
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3:48
Disney's Earnings Beat; Uber in Decline; AMD Pops
On this episode of Stock Movers:- Disney (DIS) shares popped in the premarket after raising its profit outlook for the year. The California-based entertainment giant forecast adjusted earnings per share for the full year that beat the the average analyst estimate. It is also citing strong performances from theme parks and streaming TV.- Uber (UBER) is in decline this morning after it reported weaker-than-expected quarterly gross bookings of $42.8 billion, below analysts' projection of $43.1 billion, due to a slowdown in its rideshare business. Despite the miss, Uber's income was a bright spot, with diluted earnings exceeding analyst estimates, and the company forecast strong bookings and adjusted earnings for the current period- Advanced Micro Devices (AMD) shares are higher in premarket trading after the chipmaker reported first-quarter results that beat expectations but gave an outlook that analysts see as mixed. The company also said it sees an annual hit of $1.5 billion due to China export controls.- Super Micro Computer (SMCI) is plunging this morning after giving a weak sales forecast. The beleaguered chipmaker cut its net sales guidance for the full year, missing the average analyst estimate. Analysts note that delayed customer purchases are weighing on the company’s forecast.See omnystudio.com/listener for privacy information.
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4:37
Disney's Profit Forecast; Uber's Miss; Super Micro Computer Plunges
On this episode of Stock Movers:- Disney (DIS) shares popped in the premarket after raising its profit outlook for the year. The California-based entertainment giant forecast adjusted earnings per share for the full year that beat the the average analyst estimate. It is also citing strong performances from theme parks and streaming TV.- Uber (UBER) is in decline this morning after it reported weaker-than-expected quarterly gross bookings of $42.8 billion, below analysts' projection of $43.1 billion, due to a slowdown in its rideshare business. Despite the miss, Uber's income was a bright spot, with diluted earnings exceeding analyst estimates, and the company forecast strong bookings and adjusted earnings for the current period- Super Micro Computer (SMCI) is plunging this morning after giving a weak sales forecast. The beleaguered chipmaker cut its net sales guidance for the full year, missing the average analyst estimate. Analysts note that delayed customer purchases are weighing on the company’s forecast.- Marvell Technologies (MRVL) is following fellow tech company SMCI lower this morning after the semiconductor device company narrowed its first quarter 2026 guidance range and postponed its investor day citing an uncertain macro environment.See omnystudio.com/listener for privacy information.
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4:30
Novo Nordisk Gains, Maersk Slumps, BMW's EV Upside
On this episode of Stock Movers: - Novo Nordisk shares gained on expectations that competition for its blockbuster obesity shot Wegovy will subside later this year. - BMW’s earnings declined less than expected in the first quarter as electric vehicle sales in Europe helped buoy the German carmaker amid slumping demand in China and the threat of US tariffs. - Maersk and other European sea-freight stocks decline on the prospect of lower shipping rates after President Donald Trump said the US would stop its bombing campaign against Houthis in Yemen.See omnystudio.com/listener for privacy information.
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