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The Stock Movers Report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg Data.
I'm Jim Standadek along with Carol Masser. Let's take a look at some stocks on the move today. We're joined by Bloomberg News Cross asset reporter Denitza Sokova. Denza, there's some stocks movement in the after hours.
Some big moves after hours.
Let's start with Salesforce gave an outlook for revenue in the current prea that topped analysts estimates. We're seeing quite the reaction. The stock is up about five percent now, but it jumped as much as eight percent in after our trainings. The numbers of strong revenue is about eleven point one billion aless for expecting about ten point nine billion. One measure for bookings, we increase about fifteen percent alis
for expecting ten percent. So they're handily rewarding a company that hasn't been doing so well here today it has dropped twenty nine percent. Of course, they are the largest maker of software and they release their AI too Agent Force this year.
They're saying so.
Far it's doing well ninety five hundred deals. But T Collan is raising some quotients, saying that this has largely been limited to experimentation and we're yet to see the growth.
Nevertheless, great reaction after hours, Yeah, totally, Where do you want to go next?
Opposite reaction in Snowflake after hours shares fail as much as eight percent. The company gave an outlook for operating margin that fell short of analysts estimates. It's all about concerns about AI spending and profitability of new I based too. That's pretty much the story for every company we see reporting. Snowflake make software that helps organize an ally store corporate cloud, and since the appointment of their new CEO, the company
has focused on nothing new tools. It's up seventy two percent here today, so even today it's not bringing too much damage.
Really quickly twenty seconds. Microsoft is something we've watched today. It's so about profitability.
We had this report by the information that the software maker has lowered the expectation.
Microsoft rebuilded this report.
Nevertheless, the stock was down as much as three percent and it closed down two point five percent. Everyone is watching this AI spending and any sign that the future spending is decreasing is punished very harshly.
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.