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The Stock Movers Report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg Data.
Carol Masser along with Tim Stanevek. Let's take a look at some stocks on the move, and we've got a bunch moving in the after hour. Got to start with Tesla. That stock up about four percent in the aftermarket this after the company posted a profit gain and beating Wall Street profit expects state expectations to start the year as
demand for its evs rebounding around the globe. Adjusted earnings rose to forty one cents a share in the first quarter, higher than the thirty four cent average of analyst estimates compiled by Bloomberg. Company posted one point four billion in positive free cash flow for the quarter, far better than analyst expectation that the carmaker would burn through almost one point nine billion. So yeah, turns out EV business was pretty good.
Okay, let's talk about IVM shares lower in the after hours, down about five point nine percent. The company posted quarterly sales in its software unit that were in line with estimates, but that failed to shake investor concerns about AI disruption to its business. Software revenue did increase eleven percent to seven point oh five billion dollars in the period that ended at the end of March. Total revenue increased nine percent compared with analyst's average estimate is fifteen point seven
billion dollars. That came in at fifteen point nine billion dollars. The company did maintain that earlier forecaster revenue to grow more than five percent this year when adjusting for currency fluctuations.
Got go to Texas Instruments. Everybody, this one's surging about nine percent in the aftermarket. It's the biggest producer of analog chips. They gave a surprisingly strong forecast for the current period, help by booming spending on Danta DA DA data centers. Revenue expected to be five to five point four billion in the second quarter. Growth in the quarter led by those industrial and data center customers. According to the company's CEO, the company's data center unit providing more
than one billion dollar a year in sale. So this one is definitely some ountperformed. So we got one more for you.
Yeah, we heard from United we heard from American or excuse me, from Alaska this week. Now Southwest Southwest shares declining three point four percent in the after hours. This is the midpoint of the carrier's second quarter adjusted EPs guidance, trails the average analyst estimate. The company also said it would not be updating its current full year justed EPs forecasts of four dollars given quote ongoing macroeconomic uncertainty.
All right, that have to look at some stocks on the move at this hour. We sure to check out our Stockmovers podcasts. They are five minute episodes of big winners and losers in the stock market. You can find it on Apple, Spotify, or anywhere you get your podcasts.
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.