Tapestry、思科、StubHub等个股盘前走低

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the Stock Movers Report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg data. Let's take a [music] look at some stocks on the move today. I'm Nathan Hager, joined by Bloomberg's Dan Curtis, keeping an eye [music] on the stocks that are moving on earnings as second quarter reporting season winds down. We just got results [music] across the tape from luxury giant Tapestry and it does not look good.

Dan, good morning.

Good morning, Nathan. Those results are being met with an 11% drop of the stock in pre-market under ticker TPR. Tapestries, the fashion accessories company behind Coach and Kate Spade. And what's really catching my attention is the 2027 adjusted earnings outlook of $7.80 to $7.90 a share. Wall Street was expecting $787 a share. So towards the high side of that. So it's looking like the guidance is coming in a little bit softer than Wall Street was expecting and that is adding to pressure on the shares in the morning.

The fourth quarter them results themselves. Earnings per share came in $132. That was five pennies higher. Net sales came in around estimates. There was a 7% drop in Kate Spade sales, but Coach saw revenue grow 14% on a constant currency basis. And the highlight was Asia. Greater China growth 28% when adjusting for currencies. It was expected to see strong growth. It delivered, but overall those shares under pressure in the pre-market.

So tough time for leather handbags, but apparently not so much for leather sandals.

That's right. So the the fancy flip-flops, I guess you'd call them. Uh Birkenstock up 9% in the pre-market. And the company is raising its fullear IBIDA guidance. It comes as third quarter revenue rose 13%. It topped estimates and adjust but adjusted delude EPS came in below estimates. A highlight of this company was direct to consumer sales. It saw better than expected growth uh at well at 16% and that's one of the key metrics for the company because when it sells uh products on directly to consumers.

The average sales price it sees is about twice that as when it sells to a business. Shares were down 10% on the year into yesterday's close. It's looking to close that gap to the Russell 1000 consumer discretionary index which was about flat. So today closing a major gap.

And I see you got your eye on Accelerant this morning. Uh but I guess we're not going to be able to keep our eyes on this stock for too much longer. Dan,

no, not uh until about first half of 2027, which is uh when uh Tomo Bravo expects to take the company pro uh private. So Accelerant sh uh shares are up 44% under ticker ARX. It's a risk exchange that connects specialty insurance underwriters with capital providers and it entered into an agreement to be acquired by Tom Bravo which will take it private. Uh the firm will take the company private at $2025 per share in cash giving an enterprise value of $4 billion right now in pre-market those shares trading around $20.

The transaction is expected to close in the first half of next year. It's subject to the typical typical conditions. But that said, uh, Alultimont Capital Partners holds approximately 82% of the voting rights. Entities affiliated with those have said they are in favor of it. So, it looks like it has secured the voting uh backing that it needs to close this deal. Okay, so those are a lot of the stocks that are making news this morning, but we uh got results, earnings from Cisco Systems after the close yesterday, and it doesn't look like they were received too well by investors either, Dan.

Not too well. So, CSCO is down 6% in the pre-market. The company is seeing $7.5 billion in sales tied to AI data centers uh this fiscal year. It's the first full year the for uh forecast that the company has provided for that metric. That's about 10% of total projected revenue. It's also raising question marks after the most recent quarter saw $4 billion of those sales. So it saw $4 billion in the last quarter uh of the last fiscal year and extrapolate that out.

You'd expect something probably a little bit higher than $7.5 billion for a full year. Cisco is facing high expectations that'll profit from data center buildout. This is calling that into questions and the concerns around growth in AI sales overshadowing uh the current quarter outlook that did top estimates as well as fiscal fourth quarter top and bottom figures that also beat. So yeah, the that AI center that [music] build out very much in focus.

The stock movers report from Bloomberg radio. Check back with us throughout the day for the latest roundup of companies [music] 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 [music] and Android Auto with the Bloomberg Business App.