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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 Steneback, Romain Bostik, and Katie Greifel.
Yeah, we're getting earnings right now. Corvo crossing the wire, and so too is Texas Instruments, the chip maker, but not necessarily the sexy ones that we like to talk about here. Industrials Automotives. The company appears to have missed on its fourth quarter EPs. For the fourth quarter a dollar twenty seven. The street was looking for a dollar thirty. That's what it actually had posted a year ago, So a dropped year over year and slightly below street estimates.
Revenue did grow up about ten percent, but just in line with estimates at about four point four to two billion dollars. Fourteen percent growth in the analog business and about eight percent growth and that embedded processing business as well. The shares oscillating between gains and losses looks like right now out up about three percent in the after hours trade.
Yeah, trying to decide what to do with that fourth quarter EPs. Miss I will say that this is a stock that needed some good news. You think about how it's been performing over the past year or so, higher by just about five percent eight percent when you take a look at total return, that is far under performing what we're seeing out of some of the other chip makers and what we're seeing in tech overall.
Not a lot of commentary from Aviv Alan, the chairman, president and CEO of Texas Instruments, just calling out that revenue decrease seven percent sequentially, but increased ten percent from the same quarter a year ago. Over the past twelve months, we invested three point nine billion dollars in R and D and SGNA invested four point six billion and capex and returned six point five billion dollars.
To you owners. Yeah, I'm just looking at a free cash flow for the fourth quarter one point three to three billion. That's up sixty five percent year over year, so a big move there. R and D expenses are up about six point one percent year over year, coming in a little bit lighter, actually a little bit above with the street expecting. So just keeping an eye on that one. Still up about three point three percent, and it's actually
up for the year. I think it's up about nine or ten percent already here in twenty twenty six, so looking to build on that gain, Roommain, Yeah.
Just real quickly. I just want to check in on Corvo, a much smaller cab company, but the shares down eleven percent, also in the chips space, more so for the mobile business here, the company saying that adjusted EPs did beat
in this fiscal third quarter. It looks like adjusted revenue also beat here, but the guidance light seven hundred and seventy five million to eight hundred and twenty five million for the fiscal fourth quarter revenue, the street on average is looking for nine hundred and four million dollars shares down about ten percent.
All right, guys, let's go do some of the individual gainers. Just want to mention Corning, which at its highs was up twenty percent in today's session, finishing with a gain of about sixteen percent. I think it's the number one gainer in the S and P five hundred on this Tuesday.
This after the company announced a multi year, up to six billion dollar agreement with Meta Platforms to supply optical, fiber, cable and connectivity solutions from Meta's advanced data center, supporting its AI ambition so an ai play as we know they're Corning, by the way, CNBC pointing this out, which reported the deal initially earlier today, saying Corning is expanding its facility to cater to rising demand from the likes of Meta and Vidia, Open Ai, Google, Amazon, and Microsoft,
and that stock has certainly been quite an outperformer in today's such as session. In today's trading, I should say, or actually a year to date. I'll get it there. Eventually it does report earnings before the market open tomorrow. We are waiting Seagate, which is expected to report any moment. It's the number four gainer in the S and P five hundred, top performing the S and P five hundred last year, and you can see that name actually up
about four and a half percent in today's session. Analysts have been raising their price targets ahead of earnings today in the last few days, and today Muzuho Mizuho Securities raise the target on Cgate to four hundred from three seventy, maintaining its outperform rating, and the stock is already up
about forty percent year to date. I don't think it's out yet, but it should be reporting shortly and then HCA Healthcare up about seven percent here at the close today, I believe to a record close in today's session, shares gaining after the company reported better than expected guidance, easing investor concerns about expiring affordable care accebsidiaries or subsidies, I should say. And so that's stuck up about seven percent, Katie, I think we have Cgate out.
We certainly do. Let's take a quick look at what's going on with Cgate reporting that second quarter revenue came in at two point eight three billion dollars, a slightly ahead of estimates of two point seventy five billion dollars for their adjusted EPs. That was a beat as well, coming in at three dollars and eleven cents for the second quarter. The estimate had come in at two dollars and eighty three cents. You can see the negative reaction
there as well. Looking for more detail, but have to imagine that comes down to the forecast because taking a look at the second quarter results, certainly a lot of good news there.
No, it's up thirty five percent year to date, so a little bit of a decline on the day today with these earnings down three point two percent, after hours. Hey, speaking of stocks that are lower, let's take a look at some decliners today, Katie, you mentioned health insurance companies weighing on the trade today certainly saw that, with United Healthcare, CVS and Humanity United down nine point nineteen point six percent, CBS down fourteen percent, human had down more than twenty
one percent. This after the US proposed holding payments to private medicare plans flat next year. United Health sees first annual revenue drop in more than thirty years. Also, shares of Jet Blue took a leg lower today. The company reported a wider loss than expected last quarter. It's challenging its strategy to win over high paying customers as far as the numbers go. Adjusted loss of forty nine cents per share three cents worse than the average analyst estimate.
Shares of Jet Blue down six point nine percent today. Operating revenue did come in slightly ahead of Wall Street expectations, and finally, shares a Pinterest fell today. The company's laying off less than fifteen percent of its workforce. It plans to reduce office space as part of a global restructuring. Shares fel today by nine point six percent. It does expect the actions to be completed by the end of the third quarter and sees about thirty five to forty
five million dollars in pre tax restructuring charges. Pinterest down nine point six percent.
The Stock Movers Report from Bloomberg Radio. Check back with us throughout the day for the latest roundup of companies making news on Wall Street and for the latest market moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg dot com, and on Applecarplay and Android Auto with the Bloomberg Business app.