Disney and CVS Climb Higher

Hello, I'm Stephen Carroll. I'm in Brussels, where many of Europe's biggest decisions get made. And I'm Caroline Hepker in London. We're the hosts of the Bloomberg Daybreak Europe podcast. We're up early every weekday, keeping an eye on what's happening across Europe and around the world. We do it early so the news is fresh, not recycled, and so you know what actually matters as the day gets going. From Brussels, I'm following the politics, policy and the people shaping the European Union right now. And from London, I'm looking at what all that means for markets, money and the wider economy. We've got reporters across Europe and around the globe feeding in as stories break. So whether it's geopolitics, energy, tech or markets, you're hearing it while it happens. It's smart, calm and to the point. And it fits into your morning. You can find new episodes of the Bloomberg Daybreak Europe podcast by 7am in Dublin or 8am in Brussels, Berlin and Paris. on Apple, Spotify, YouTube, or wherever you get your podcasts. 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 Now it time to take a look at stocks on the move today I Nathan Hager joined by Bloomberg Abir Abu Omar on a very busy morning for earnings starting with Walt Disney Company. The magic continues, it seems, under new CEO Josh Damaro. Good morning, Abir. Good morning, Nathan. Yeah, look, you're right. I mean, these are Disney's first results under the new CEO Josh Damaro, who succeeded Bob Iger in mid-March. I'm just taking a look at some of the numbers that we saw. So Walt Disney did post results that are stronger than Wall Street expected. This is thanks to improved profit in its streaming business. EPS, this is some news here, EPS, excluding some items, rose to $1.57. This is during the second fiscal quarter. That is higher than the average estimates. But something that is perhaps interesting in Walt Disney's results today is that they reported a decline. and visitor numbers in the US theme parks for the first quarter. This is again under the new CEO, Josh DeMauro. And this is because we returned to the Middle East here because of a squeeze on consumer spending that was fueled by the war in the Middle East. But Disney did say that it expects EPS to grow 12 for this fiscal year Now perhaps something that is not reflected in the results today is that the Devil Wears product under Disney brought about million in the box office globally, making it the largest opening weekends for the year. And I mean, I watched it. Very good. We're watching CVS Health as well. some positive earnings to tell there. Yeah, yeah, just came out this morning. They're actually leading to a surge in the stock this morning, 5% in the pre-trade higher. They boosted the adjusted earnings per share. Again, the guidance for the full year, they see it at $7.3 to $7.5. That compares to $7 to $7.2. And the estimate, the consensus there was $7.12. dollars. And so some of the things that came out from the company are that the quarterly adjusted growth here was primarily due to improved adjusted operating income in the healthcare benefits segment. So again, this flood of good news is leading to a gain in CVS's stock this morning, the pre The 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.com and on Apple CarPlay and Android Auto with the Bloomberg Business app. On April 4th, 2023, around two in the morning, a man was found stabbed multiple times on a sidewalk in downtown San Francisco. What happened next turned the story into a political firestorm. Reports have identified the victim as Bob Lee, the founder of Cash App. From Bloomberg Podcasts, this is Foundering. The Killing of Bob Lee. Listen now, wherever you get your podcasts. I'm Francine Lacroix, an award-winning journalist, and I've got a new podcast, Leaders with Francine Lacroix from Bloomberg Podcasts. I've interviewed everyone from heads of state to fashion icons about the news of the moment, but I've always been curious, who are these people as leaders? I don't think there's one right way to be a leader. Make decisions. A poor decision is always better than no decision. Listen to new episodes every other Monday. Follow Leaders with Francine Lacroix wherever you get your podcasts.