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May 21, 2025
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Hovnanian Enterprises Inc. soared 4.3% to $100.30 despite the home builder reporting sharply lower earnings in the second quarter.
Revenue edged down to $686.47 million from $708.38 million, net income slumped to $17.06 million from $48.17 million, and earnings per share fell to $2.64 from $7.12 a year ago.
The company acquired or put under option approximately 3,000 lots in 46 consolidated communities during the quarter, and as of April 30, the total controlled consolidated lots were 42,440, an increase of 15.2% from 36,841 lots at the end of the previous fiscal year’s second quarter.
Total quick-move-in homes as of April 30 were 1,073, a decline of 7.7% compared with 1,163 homes as of January 31.
Hovnanian repurchased 126,448 shares of its own stock during the second quarter at an average price of $96.68 per share for a total of $12.2 million.
The company guided third-quarter revenue to be between $750 million and $850 million, compared to $722.7 million, and adjusted EBITDA between $60 million and $70 million, compared to $131.01 million a year ago, respectively. -
Freightos Ltd. eased 0.4% to $2.55 after the freight booking and payment portal operator reported first-quarter 2025 results.
Revenue jumped to $6.94 million from $5.35 million, net loss narrowed to $4.50 million from a loss of $4.62 million, and loss per share shrank to 9 cents from a loss of 10 cents a year ago.
The company guided second-quarter revenue to be between $7.0 million and $7.1 million, compared to $5.7 million, and full-year revenue between $29.0 million and $30.6 million, compared to $23.8 million a year earlier, respectively. -
Trip.com Group Ltd. eased 0.4% to $66.81 after the Chinese travel service provider reported first-quarter 2025 results.
Net revenue jumped to 13.83 billion yuan from 11.90 billion yuan, net income decreased to 4.28 billion yuan from 4.31 billion yuan, and diluted earnings per share eased to 6.09 yuan from 6.38 yuan a year ago.
Accommodation reservation revenue increased 23%, transportation ticketing sales edged up 8%, packaged-tour sales climbed 7%, and corporate travel revenue jumped 12% from a year ago, respectively.
Overall reservations on the company’s international reservation platform increased by over 60%, with inbound travel bookings surging by around 100% year-over-year.
Outbound hotel and air ticket bookings have grown to more than 120% of the pre-pandemic level for the same period in 2019.
The company had repurchased 1.6 million ADSs for a total of $84 million as of May 16. -
8x8 Inc. surged 2.8% to $1.85 after the provider of an integrated platform for customer communication reported fourth-quarter 2025 results.
Revenue declined to $177.04 million from $179.41 million, net loss shrank to $5.40 million from a loss of $23.59 million, and diluted loss per share narrowed to 4 cents from a loss of 19 cents a year ago.
Service revenue in the quarter edged down to $171.6 million from $172.5 million a year earlier.
The company guided first-quarter revenue to be between $175 million and $182 million, compared to $178.1 million, and non-GAAP diluted earnings per share between 7 cents and 9 cents, compared to 8 cents a year ago, respectively.
For the full fiscal year 2026, the company estimated revenue between $702 million and $724 million, compared to $715.07 million, and non-GAAP diluted earnings per share between 34 cents and 37 cents, compared to 36 cents a year ago, respectively. -
8x8 Inc. surged 2.8% to $1.85 after the provider of an integrated platform for customer communication reported fourth-quarter 2025 results.
Revenue declined to $177.04 million from $179.41 million, net loss shrank to $5.40 million from a loss of $23.59 million, and diluted loss per share narrowed to 4 cents from a loss of 19 cents a year ago.
Service revenue in the quarter edged down to $171.6 million from $172.5 million a year earlier.
The company guided first-quarter revenue to be between $175 million and $182 million, compared to $178.1 million, and non-GAAP diluted earnings per share between 7 cents and 9 cents, compared to 8 cents a year ago, respectively.
For the full fiscal year 2026, the company estimated revenue between $702 million and $724 million, compared to $715.07 million, and non-GAAP diluted earnings per share between 34 cents and 37 cents, compared to 36 cents a year ago, respectively. -
Walmart Inc. dropped 3.1% to $93.86 after the retailer reported a decline in earnings in the fiscal first quarter.
Revenue edged up 2.5% to $165.61 billion from $161.51 billion, net income decreased 12.1% to $4.49 billion from $5.10 billion, and diluted earnings per share fell 11.1% to 56 cents from 63 cents a year ago.
U.S. comparable sales were up 4.5% in the quarter, with strong growth in health and wellness and grocery segments, and global e-commerce sales grew 22% driven by a rising demand across all segments.
The company guided second-quarter sales to increase between 3.5% and 4.5% in constant currency and did not provide any indication of earnings and earnings per share because of constantly changing U.S. tariff rates.
During the first quarter, Walmart repurchased 50.4 million shares at an average price of $90.35 per share for a total of $4.6 billion, and $7.5 billion has remained under repurchase authorization.
Dividend payments amounted to $1.9 billion in the quarter, compared to $1.7 billion in the same period a year ago.
The company’s inventory stood at $57.5 billion, an increase of 3.8%, or $2.1 billion, from a year earlier. -
Alibaba Group Holding Ltd. plunged 8.2% to $123.05 after the China-based e-commerce company reported March quarter and full-year results.
Revenue in the March quarter increased 7% to 236.45 billion yuan from 221.87 billion yuan, net income surged 279% to 12.38 billion yuan from 3.27 billion yuan, and diluted earnings per share rose 296% to 65 yuan cents from 16 yuan cents a year ago.
The company repurchased 51 million ordinary shares, equivalent to 6 million ADSs, for a total of $0.6 billion during the quarter, and for the fiscal year, the retailer repurchased 1.197 billion ordinary shares, equivalent to 150 million ADSs, for a total of $11.9 billion.
In addition, the company approved a two-part dividend in the total amount of 25 cents per ordinary share, or $2.00 per ADS.
For the full year, revenue edged up to 996.35 billion yuan from 941.17 billion yuan, net income jumped to 130.11 billion yuan from 80.01 billion yuan, and diluted earnings per share rose to 6.70 yuan from 3.91 yuan a year ago. -
Birkenstock Holding plc soared 7.05% to $58.33 after the German shoe and sandals manufacturer reported second-quarter 2025 results.
Revenue surged to €574.33 million from €481.24 million, net profit climbed to €105.11 million from €71.65 million, and diluted earnings per share rose to 56 cents from 38 cents a year ago.
The double-digit sales growth was driven by strength in all segments, including the Americas, EMEA, and APAC.
Birkenstock invested approximately €21 million in capital expenditures in the second quarter, primarily to expand production capacity to meet rising consumer demand.
The company guided full-year revenue growth to be at the high end of the 15% to 17% range in constant currency, compared to €1.8 billion in 2024, and adjusted EBITDA to range between €660 million and €670 million, compared to €555 million a year earlier. -
Doximity Inc. slumped 20.7% to $46.36 after the networking site healthcare professionals' outlook fell short of market expectations.
Revenue jumped to $138.29 million from $118.06 million, net income climbed to $62.46 million from $40.62 million, and diluted earnings per share rose to 31 cents from 20 cents a year ago.
The company guided first-quarter revenue to be between $139 million and $140 million, compared to $126.7 million a year earlier, and adjusted EBITDA between $71 million and $72 million, compared to $65.9 million in the same period of fiscal 2025.
For the full year, Doximity estimated revenue to be between $619 million and $631 million, compared to $570.4 million in 2025, and adjusted EBITDA between $333 million and $345 million, compared to $313.8 million a year ago. -
Cisco Systems Inc. surged 2.7% to $62.92 after the networking company reported better-than-expected fiscal third-quarter results and lifted its outlook.
Revenue jumped to $14.15 billion from $12.70 billion, net income climbed to $2.49 billion from $1.89 billion, and diluted earnings per share rose to 62 cents from 46 cents a year ago.
Product orders were up 20% year over year, with growth across all geographies and customer markets.
The company guided fiscal fourth-quarter revenue to be between $14.5 billion and $14.7 billion, compared to $13.6 billion in 2024, and GAAP earnings per share between 62 cents and 67 cents, compared to 54 cents a year earlier.
For the full year, the company estimated revenue to be between $56.5 billion and $56.7 billion, compared to $53.8 billion in 2024, and GAAP earnings per share between $2.53 and $2.58, compared to $2.54 a year ago.
Cisco returned $3.1 billion to shareholders in the third quarter through share buybacks and dividends, and $15.4 billion remained under repurchase authorization with no termination date.
The company acquired SnapAttack, a privately held company that offers a threat detection and engineering platform.
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