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Expedia Falls, Microchip Rises, Crowdstrike drops on News of US Probe

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Manage episode 481724097 series 3654950
Content provided by iHeartPodcasts. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by iHeartPodcasts or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

On this episode of Stock Movers:
- Expedia shares fall after the company cut its full-year outlook for gross bookings and revenue. It cited weaker-than-expected domestic and inbound travel demand in the US at the start of the year. CFO Scott Schenkel noted that there was a near-30% decline in inbound bookings from Canada, which drove a 7% drop in overall inbound travel to the US
- Microchip rises after 4Q results after the bell on Thursday. Its' adjusted EPS 11c, slightly beat the 10c estimate; net sales also slightly above estimates but down 27% y/y. - The chips manufacturer did say 4Q “marks the bottom of this prolonged industry down cycle"
- Crowdstrike drops after a Bloomberg News report that US prosecutors and regulators are investigating a $32 million deal between Crowdstrike and a tech distributor -- specifically, what senior executives may have known about it.The transaction was made to supply software to the IRS, but apparently the IRS never purchased or received the products.

See omnystudio.com/listener for privacy information.

  continue reading

232 episodes

Artwork
iconShare
 
Manage episode 481724097 series 3654950
Content provided by iHeartPodcasts. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by iHeartPodcasts or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

On this episode of Stock Movers:
- Expedia shares fall after the company cut its full-year outlook for gross bookings and revenue. It cited weaker-than-expected domestic and inbound travel demand in the US at the start of the year. CFO Scott Schenkel noted that there was a near-30% decline in inbound bookings from Canada, which drove a 7% drop in overall inbound travel to the US
- Microchip rises after 4Q results after the bell on Thursday. Its' adjusted EPS 11c, slightly beat the 10c estimate; net sales also slightly above estimates but down 27% y/y. - The chips manufacturer did say 4Q “marks the bottom of this prolonged industry down cycle"
- Crowdstrike drops after a Bloomberg News report that US prosecutors and regulators are investigating a $32 million deal between Crowdstrike and a tech distributor -- specifically, what senior executives may have known about it.The transaction was made to supply software to the IRS, but apparently the IRS never purchased or received the products.

See omnystudio.com/listener for privacy information.

  continue reading

232 episodes

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