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Stock Movers report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg data.
Back to the markets for a moment here and bring in Matthew Griffin. He is our equities reporter and he's going to take a look at some of the stocks on the move here in this eleven am Wall Street Time Hour. Matt, what do you have?
Well, Scarlett, thanks for having me on. And one stock I have had on my screen all morning is UPS, the parcel carrier ticker also UPS shares currently down more than four percent after the company did beat expectations overall, but it left its full year guidance unchanged. That was disappointing investors who wanted more. They also reported margins that were weaker than expected in their US parcel business. The adjusted margin there was four percent analysts wanted nearly five percent.
And that's just the last thing investors want to see from UPS right now. They are questioning this company's plan to cut its less profitable business, for example with Amazon, and so to see this pain in the US right now raises more questions about how that's going The company did say on the earnings call that there were some one time items weather, for example, but that's not really helping shares down as much as seven point two percent today.
That's their worst day since July. All right, how about the Hilton. Yeah, so Hilton, the hotel chain. That's a stock I was actually watching before they reported earnings today. They were trading at all time highs last week, even during the war in Iran, which of course has disrupted travels. So this was a closely watched report. Investors a little bit disappointed that stock ticker HLT trying to claw its way back into the green, but still down about a percent.
The hotel chain raised its full year outlook, but less than analysts wanted, and it said it's going to see some effects from the war in the second quarter, for example, a hit to its revenue peractive room, which is a key metric for hotels.
All right, car rep card, Yes, yes, yes, yes, yes, that's what the analysts call it. For sure. Verdive is your last stock?
Yes, so this vertive tick or VRT. Maybe not as big a name as an Nvidia, for example, but a major stock in the sort of AI infrastructure trade. They're down eight percent today almost eight percent. It's sort of one of the second order impacts of this Wall Street Journal report about open ai missing some of its own
internal metrics. This company makes power equipment and cooling equipment, gets eighty percent of its revenue from data centers, and IT shares are up about one thousand percent over the last five years. So when you have anything that calls into question the profitability of AI, the need for AI spending, that's going to hit a name like this, and that's why you see this weakness today.
This 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 us on YouTube, Bloomberg dot com, and on Applecarplay and Android Auto with the Bloomberg Business app.