Bloomberg Audio Studios, Podcasts, Radio News.
The Stock Movers Report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg Data.
I'm Carol Masser along with Tim Stanback. Let's get to some stocks on the move, a bunch of earnings after the closing bell with us is Bloomberg News Crosss Reporter de needsa Sikova and let's start with Corey. The stock bouncing around, but it's down more than one percent here in the aftermarket.
Yeah, ticker is CRWV. Initially very strong report, that's why we saw reaction there. But what investors seems to be worried about is narrow profit margins. In the third quarter, we're talking about operating income margin of four percent and Alice, we're expecting six point five percent. This is a very interesting company that has been on a crazy rally since it ipield. It actually since August, since the last earnings report we get, it's been in a cell off mode.
So again this report, which the revenue was very strong. It rose to one point thirty six billion, topping estimates. The reported loss was lower than one aalysts were expecting overall strong report, but this wasn't enough to bring the sentiment after Obviously last week AI, the AI team suffered in Core with was one of the big names that was hit there, so a lot of pressure there. That said, there are a lot of partnership with Meta, it's obviously
working with Nvidia. Microsoft accounts were seventy one percent of Core with its revenue, so a lot of optimism from analysts, but pretty high valuation still, so the investors are punishing the margin.
All right, So let's talk about Paramount Skuidance sticker PSKY. It is rallying about four and a half percent higher in the aftermarket, but it was up I think as much as ten nine or ten percent here.
Yeah, it rallied as much as ten percent. It's coming off reporting financial resorts for the first time since the new investor took over. It's coming off cost cutting measures. So this is really obviously bad news for workers. Sixteen hundred jobs are going to be cut as part of this. The number is three billion in cost saving this year. They're increasing that number for third quarter. Paramount reported revenue of about six point seven billion, below analysts forecasts. But
clearly investors are reacting to those cost cutting measures. Of course, David Ellison combines Guidience Media with Paramount. In August eight billion merger really some of the big ones we've seen lately. The company is eliminating jobs, racing to sign deals, and some of the cost cutting measures are cross Argentina, Chili and other regions.
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 up on YouTube, Bloomberg dot com, and on Applecarplay and Android Auto with the Bloomberg Business app.