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This is the closing bell on this stock movers report the company's making moves at the close of US trading with Carol Masser, Tim Stenovak, Romain Bostik, and Scarlet Fool.
All right, folks, you already have some earnings crossing the Bloomberg. Ternal'll just quickly go to at avis budget third quarter revenue slight b three and a half billion dollars. Street estimate was for three point forty five billion, and then just talking about third quarter, America's per unit fleet costs down twenty percent, so basically revenue meeting estimates. Let me just see what else we got. Yeah, that looks like
what we've got so far. And we're looking at the stock unchanged here in the aftermarkets, so we'll keep an eye on it. Hey, S and P five hundred, let's go back there, record on Wall Street highs finishing near our highs of the session, Katie, three hundred and twenty two names in the S and P five hundred actually gaininground today one hundred and seventy eight to the downside.
Three unchanged, And certainly when you take a look at the sectors, you saw that strong breadth as well. Nine sectors in the green that circle almost totally green. Two sectors in the red communication services, big tech, consumer discretionary. Those are some of your biggest gainers. When it comes to the sectors consumer staples and materials your loan. Two sectors in the red really points to this risk on
appetite that enveloped this Monday session. As Romaine pointed out, materials being down could point to optimism over US China trade talks and consumer staples lower on the day being your biggest loser certainly bullish as well.
All Right, lots agreeing there, So let's get to some individual gainers. Got to talk about Qualcom. Everybody talking about Qualcom, number one gainer in the S and P five hundred NASDAQ one hundred today up as much as almost twenty two percent intra day, finishing the day with a gain of eleven percent. Largest maker of smartphone processors, unveiling chips and computers for the lucrative AI data center market, and they really are looking to challenge Nvidia in the fastest
growing part of the industry. So that definitely caught investors' attention. We got some more earnings from Maine.
Yeah, let's just Cayden, since we're talking about chips, a big software design company used by a lot of the folks in the chip space. Here, EPs in the most recent quarter did beat a dollar ninety three the street was looking for a dollar seventy nine. Revenue in the most recent quarter also beat one point three to four billion, the street was looking for one point three two billion.
And more importantly, here we talk about the growth in this company ten percent revenue growth on the top line, the bottom line decent growth there as well, about seventeen percent, and a widening of the operating margins to about forty seven point six percent. Here though, the shares are moving lower in the after hours trade, and here's why we're now taking a look at the guidance going forward for the full year. The company says it expects five point
twenty six to five point twenty nine billion. It previously had a range a five point two to one to five point two seven billion. We'll try to get you some more details on this and try to explain why such a negative market reaction.
Let's quickly get over to bed bath and beyond also reporting earnings as well. You can see the stock is moving higher after hours. That is because when it comes to third quarter net revenue that came in at two hundred and fifty seven point two million dollars, that is actually just shy of estimates, which had been for around two hundred and sixty million dollars. But then you take a look at the third quarter adjusted EBIT a loss that came in at four dollars and nine point ninety
four million. The estimated loss had been for ten point five million dollars, so much better than expected when it comes to the expected loss, the third quarter adjusted EBIT a loss, and you can see shares flying right now. Carol now up ten percent after hours.
Yeah, speaking of stocks flying in the aftermarket, I want to go back to AVS because that stock is up about nine percent here in the aftermarket. So investors liking some of what we got from the company, specifically third quarter adjusted EBIT really surpassing Wall Street estimates. We're looking at five hundred and fifty nine million dollars, up eleven
percent year over year. Estimate was for five hundred and thirty eight point seven million, So we're seeing some strong numbers from that company and we're seeing it certainly move higher in the aftermarket. I'm going to go back to some individual gainers as we wait for some more earnings. Curig Doctor Pepper have to mention up seven point six percent of the close among your top gainers in both the
S and P and the NASDAQ one hundred. Curig Doctor Pepper raising seven billion from Apollo and KKR to help finance its acquisition of JdE Petez MV, so you know, the company's planning to separate its beverage and coffee businesses by the end of twenty twenty six. Also reported their quarter sales of four point three billion, and then Cadence Bank just quickly a four point four percent here in today's session, that after Huntington Bank Shares agreed to buy
the bank for seven point four billion. So we continue to see consolidation certainly among the regional banks out there.
All right, Tim, over to you, well, if can go ahead.
Sorry, just there was some news crossing the wire right now, Caryl. We talk about Citizens Bank first, Citizens excuse me, and Park National Bank a tie up there. That headline just crossing the wire.
Every one of my movers to the downside this afternoon has to do with M and A or potential m and A here, I want to start with Newmont shares following today. This is the of course, the gold, copper, silver, zinc, and minor mining company down five point seven percent on the day. Gold declined today, Yes, down about eight point four percent from those all time highs earlier this month.
But also Numan is studying a potential deal to gain control of rival Barrack Mining's Nevada gold assets that, according to people with knowledge of the matter, once again shares down at five point seven percent. I know, Romaine, we got some more earnings.
Yeah, Whirlpool earnings out The company reporting net sales that looks like coming in above expectations about four point zero three billion dollars. The street was looking for three point nine to three ongoing EPs basically on a continuing basis two dollars and nine cents a share. The street on average was looking for about one point four dollars forty cents excuse me per share. Here, the company also says that for the full year it does see EPs of
about seven dollars per shear. It had previously provided guidance of six to eight dollars per year, so basically now hitting in the middle of that guidance. In the middle of that guidance as seven dollars per share is higher than the average street estimates, which we're looking for about six dollars and forty one cents. You see a one percent pop here, Tim in the after hour straight.
Yeah, I'm just looking through the press release looking for commentary from Mark Bitzer, somebody who I know you guys have spoken to quite a bit. We've spoken to him as well. He said that the fundamentals of the business remain strong. There's confident that the newly announced investment in our US based laundry facilities will continue to fuel our future growth. Jim Peters, though the CFO, saying that the third quarter results continue to be impacted by the inventory
loading from Asia competitors. Though they're focusing on what is within our control and delivered cost takeout in line with expectations, puttingus on track to achieve approximately two hundred million dollars of cost takeout in twenty twenty five.
Katie, Yeah, really interested to see some of the details coming from that earnings call, specifically a lot of different angles in which Whirlpool is interesting when it comes to consumer sentiment, but also when it comes to this company how they're managing that inventory. I will say you take a look at the shares down about thirty two percent through the close year to date, and then over the five year basis down fifty two percent. This is certainly a company that has had a rough golment.
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