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This Stock Movers Report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg data.
Let's take a look at some stocks on the move today. I'm Nathan Hager, joined by Bloomberg's Dan Curtis on another morning where're seeing earnings cross the Bloomberg terminal, including from the home of the Whopper. Good morning, Dan, Good morning.
That's right. The company itself is called Restaurant Brands, but ticker's QSR. The shares are up about four tenths in pre market. But that is the company behind Burger King, as you alluded to, and my personal favorite, Tim Hortons. Fourth quarter sales and earnings both beat estimates. Comparable sales rose three percent higher than estimates, and that was largely driven by international business. Domestically Tim Hortens, Burger King, Popeye's growth all below estimates. But I got to give it
a shout out to your dad. Firehouse Subs did beat the expectation, So yeah, subs are going well, and I think that's one of your dad's favorites, so shout out to him.
Yeah, So I keep hearing yep.
And that also follows McDonald's, which reported after the bell. Those shares are up about two tenths in the pre market. Comparable sales for McDonald's were up nearly seven percent, the fastest pace of growth in two years. Top bottom lines also be estimates. That's being driven by a cost conscious consumer. They're flocking to the value meals, the Mike Value menu, and they're also really going all in on McDonald's loyalty program.
But not flucking as much to Popeye's interesting big weight this morning to Cisco Systems after their earnings after the close.
DAN that's right, Cisco system shares are down seven percent underticker CSCO. That's after weaker than expected forecast for the current quarter is weighing on investor appetite. The largest maker of networking equipments has sees a gross margin around sixty six percent. That's lighter than estimates, and that's overshadowing the beat on the fiscal second quarter numbers and also the
strong sales guidance. The CEO says the company has raised prices as it faces a memory crunch, and it's trying to negotiate favorable terms with suppliers, not quite enough to assuage the market, but the stock still was up eleven percent a year today into those earnings, So we're still up on the ear.
And we're still seeing some individual stocks getting hit by the AI disruption trade. Among the latest there is app Loving that's right.
It's the mobile tech company. It has been facing the AS disruption, as you said. So it beat fourth quarter earnings and sales estimates. First quarter revenue and adjusted EBITDA guidance was above, but those shares are still down five percent. And as you said, this is about the AI concerns. There's been an expression sell first, ask questions later. That
seems to be what's going on here. Evercore Iside did note that the beat was more subdued than normal and expectations were likely more muted going into it because of this AI trade. So it might just be they did clear the bar, but that had been lowered. So the markt's not really enjoying that. Down five percent in the.
Pre now very interesting here. Coal related stocks are getting a lift this morning. What's going on?
Yeah, so Peabuddy energy ticker BTU is up five percent. That's leading the coal charge today. Trump the Trump administration ordered the Pentagon to purchase electricity directly from coal plants. This is something that Trump has been behind, kind of the shift towards energy, getting more electricity out of the US. He also announced that the Energy Department would give one hundred and seventy five million dollars in funding to upgrade coal plants. The Pea Buddy CEO was at the event.
He said the company was working with the administration to build new coal fueled power plants. We've talked a lot about power going into this AI trade, so it looks like coal might be part of the new AI trade.
This stock mover's 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.