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.
Let's take a look at some stocks on the move today. I'm Nathan Hager, joined by Bloomberg's Dan Curtis, as we watch breaking earnings headlines crossing the Bloomberg terminal from under Armor, Dan, what are you seeing? Good morning, Good morning.
Shares of under Armour ticker you AA are down about twelve percent in the pre market. They're hopping around. We've seen down five percent to down fifteen percent in this pre market volatility. That's as fourth quarter net revenue matches estimates. But that's coming with weakness in North America, that seven percent drop year over year in the region, that revenue figure coming in slightly below estimates. Some other regions seeing
a bit more strength. MEA revenue up seven percent, APAC revenue up thirteen percent, and Latin revenue up twenty two percent. But that core US domestic revenue that is negative and that is setting the shares down. We're settling down around about thirteen percent down in the pre market.
Okay, So while we watched those headlines continue to cross and check the investor reaction. If there's anything that's the opposite of a merger Monday, I guess that's what Tuesday is for eBay and game Stop.
That's right, no merger here. So eBay has rejected Gamestop's fifty six billion dollar dollar offer, the CEO calling it quote neither credible nor attractive. Game Stop shares are down four percent in the pre market. eBay shares are down about one percent in the pre market. The offer was initially met with skepticism from markets, as GameStop has a market value of about ten billion dollars. That's less than a quarter of Ebays, so GameStop was trying to buy
a much bigger company. The CEO of GameStop, Ryan Cohen, also hasn't fully explained how he'd pay for the acquisition. Going into this, eBay was all a volatile Yesterday we got some cryptic social media posts from Keith Gill aka Roaring Kitty. He was the key voice behind twenty twenty one meme rally that sent chairs up and down in postmarket pre market. So we've had a lot of volatility into this name come in with this news and GameStop eBay doesn't look like it will happen.
Yeah, it doesn't look like it for sure. Turning back to some earning stories here, we've got a pretty positive result I think we can say for on Holdings. Is that right?
That's right. It's a footwear company backed by Roger Federer. The ticker is o N and those shares are up one percent in the pre market, and that company is raising its profit outlook for the year. The company is benefiting from higher demand, including its new one hundred and seventy dollars cloud Tilt Remix, a lifestyle sneaker designed to target younger consumers. First quarter sales rose twenty six percent,
and that was adjusting for currency impact. And again, just like we saw in under Armour, strong demand from APAC except on Holding seeing a sixty one percent jump there. The apparel business also helping growth with a fifty eight percent rise. So those shares are up off the back of that.
And another earning story has led to the biggest decliner in the pre market this morning. That's Hymns and Hers.
Tims and Hers ticker HIMS. Those shares are down fifteen percent after our first quarter loss and sales that missed estimates. Lost for the quarter came in at forty cents ago. That's first a profit of twenty cents a share a
year ago. The company is switching strategies. It's now prioritizing partnership with Nova Nordisk and Eli Lilly to offer their weight loss drugs, and that's eating into profit compared to the generics the company is moving away from hims and Hers said that the pivot is resulting in a thirty five thirty three and a half million dollar restructuring charge. Investors not appreciating that.
This morning 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.