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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 Stan Curtis on arguably the most important earnings day of the quarter. But we're not going to hear from the four of the mag seven until much later today. Let's talk about some of the names we've already heard from when it comes to earnings. Nice little pop for Visa this morning. Good morning Dan, Good morning Nathan.
That's right, Visa top first quarter estimates and consumers are still using their credits car cards to spend. That's the big takeaway. Revenue for the company rose seventeen percent from the year prior. That's the biggest jump since twenty twenty two. Rival American Express also saw a ten percent rise. So this is not just Visa, this is across the big card companies. The CEO echoing that those numbers by saying that consumer spending is resilient and the company is also
reducing operating expenses from a year ago. That still but the company is still spent more than expected. Those shares are up five percent in pre market under ticker V.
And it looks like we've heard from Humanna, the insurer as well this morning.
Yeah, ticker hum HUM. Those shares are down nearly eight percent in the pre market. That says the Health Insured reaffirmed its adjusted EPs forecast for the full year, even as its first quarter profit came ahead of expectations. We've
seen this a few times this quarter. These companies are getting punished for it for when they beat, but they do not raise guidance, and that seems to be what's happening here here For the first quarter results themselves, earnings per share came at ten dollars and thirty one cents. That's twelve cents more than estimate. So first quarter looks good, but the company is not backing up the rest of the year.
One of the biggest gainers after earnings this morning see Technology.
Take Our STX up eighteen percent in the pre market. This is a memory company. It beat fiscal third quarter estimates. The company is projecting revenue for current quarter of at least three point three five billion dollars. That TOPP estimates the low end of the earnings guidance for the period is four dollars and eighty cents per share. The estimate was under four dollars per share. So here the guidance is coming in really strong, helping out those shares. They
don't need that much help already. Those shares are already up over one hundred percent year to date. Other memory names like Western Digital up nine percent, sand Disc up six percent in the pre market.
And one of the biggest decliners after earnings, Robinhood.
Down ten percent undertaker hood Hood. That's its first quarternet revenue missed estimates. It's this is coming as increasing adjusted operating expenses come up. The company is forecasting one hundred million dollars more spending in its role as brokeridge and initial trustees in the so called Trump accounts. That is a contract that's a cost plus basis with a small margin.
Company sees revenues exceeding costs on that government contract. The company did see a rebound in equities options and predicted prediction markets, but Crypto lagged, and that's just not adding any fuel to the fire there. Those down ten percent.
Let's close this out, Dan with the merger news that wasn't for Jack Daniels maker Brown Foreman.
Ticker bf Forward slash B down five percent in pre market. As you said, Jack Daniels owner has terminated merger talks with Proneau Recard. The two companies said in separate statements they are unable to reach acceptable terms with each company tightly held by families. This may clear the way for talks between Brown Foreman and Sazarak, a private company behind
Fireball and Buffalo Trace. The Brown family that controls the Kentucky base distiller was said to have favor to sale to Perneau Recard, but now that that sales out the window, they might be looking somewhere else. Analyst warning that Brown Foreman and Sasrak deal could raise significant antitrust concern and that's not helping out. Shares in the morning this morning down five percent, as mentioned.
This Stockmover'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.