Bloomberg Audio Studios, podcasts, radio news.
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 Stenebeck, Romain Bostik, and Katie Greifeler.
Let's get to some of the gainers in today's session again, all eyes on in video worth checking in on how that stock did today up one point three percent. Remember we are kind of just a couple of weeks ago watching six trillion as the market cap for this company up now up this year just about twenty percent going into today's print, the market value of about five point four trillion dollars. As far as numbers go, revenue estimate for the first quarter seventy nine point one five billion dollars.
The revenue estimate for the second quarter analysts ce eighty seven point two billion dollars. In for the year see three hundred and seventy point eight billion dollars. So some of the numbers to keep in mind ahead of that print. Adjusted grow margin estimate to the tune of seventy five percent for the second quarter, and adjusted operating expense estimate seven point six seven billion dollars just a few numbers
ahead of that print in just about seventeen minutes. Also questions I think a lot of consumers and a lot of analysts and investors have when it comes to competition, especially with tune of Broadcom, AMD, Google and more so, keep an ear out on the call for any questions about that. And speaking of AI, let's talk a little bit about some power utility stocks moving in today's session
to the upside. Utility stocks climbing after PGM Interconnection accelerated plans to pair data centers with energy producers to feed the demands of AI development. You've got Constellation Hier today by seven point nine percent. You've got Vistra Corp up by six point nine percent. The PGM changes are now expected out power producers secure additional data center contracts and reduce the risk of prolonged uncertainty heading into twenty twenty seven.
And a little retail on this Wednesday afternoon. Tjx Co's, the parent company of TJ Max and Marshall's hier in today's session by five point seven percent. The company raised as sales growth expectations for the year. Caut shoppers are spending on lower priced goods at the company's discount chains.
Emily a little retail, maybe a lot of retail, because I also have a retail stock for my first decliner target. Share is falling about four percent today. The company's earnings results honestly not that bad. However, the retailer did warn investors after striking a more cautious tone about the coming months. So comp sales jumped five point six percent last quarter. It was the biggest increase since the end of twenty
twenty one, and actually triple the gain analysts we're expecting. However, executives warned on the earnings call that there are tougher comps in the current quarter, more cost challenges ahead, and the benefit of tax refunds on its business are also fadings. Dot stock down again, closing about four percent lower. Another decliner on this Wednesday has broke the guideans disappointing in this earning result coming out today that stock down about
eight percent. The company maintained a sales forecast for the year that was on the low end of what analysts expected. The toymaker home to Gi Joe action figures and the playing cards Magic the Gathering. I don't play either of these games. I'm not sure if you do, Tim. They reported that sales in the first Yeah, I feel like Roman's.
A big oh yaig yeah, Okay, got it.
They reported sales in the first quarter rose thirteen percent to one billion. Revenue for the company's games unit rose twenty six percent, but was flat in traditional toys and declined in its entertainment business. Finally, one chip stock. Of course we're all watching in video, but there was one chip stock that already reported analog devices. They actually reported second quarter results that beat expectations and give an outlook that some actually saw as strong. But we are seeing
that stock lower by about four percent. It was up about fifty percent year to date heading into the earnings report, so it could have been a little case of the bar just being very high.
The Stockmovers 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.