Bloomberg Podcasts · Estee Lauder and Puig End Merger, Deckers Rises, Intuit PlungesL | Stock Movers

1. 1. Estee Lauder shares jumped approximately 12% in aftermarket trading after the company and Spanish brand Puig ended their merger talks.
2. 2. Deckers Outdoor Corporation reported fourth-quarter net sales and fiscal year 2027 guidance that both exceeded market expectations.
3. 3. Hoka sales were a key highlight for Deckers, increasing over 15% compared to the same period last year, while other brand sales declined significantly.
4. 4. Intuit shares plunged 20% to mark its largest single-day drop since 2003, following disappointing third-quarter results.
5. 5. Intuit plans to trim costs and invest in AI products, but also announced slashing about 17% of its jobs, signaling caution to investors.