Breaking News
Feb 25, 2025
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Home Depot eased 0.1% to $382.13 after the home improvement retailer reported a steady sales growth in the fourth quarter ending in February.
Net sales increased 14.1% to $39.70 billion from $34.79 billion, net earnings jumped 7% to $2.99 billion from $2.80 billion, and earnings per diluted share rose to $3.02 from $2.82 a year ago.
For fiscal 2025, the company estimated revenue growth of approximately 2.8%, comparable sales growth of 1%, and the opening of 13 new stores.
Diluted earnings per share are expected to decline 3% from $14.91 in fiscal 2024; and capital expenditures would be approximately 2.5% of total sales.
In the fourth quarter, same-store sales edged up 0.8%, and same-store sales in the U.S. increased 1.3%.
For the full year 2024, same-store sales decreased 1.8%, and same-store sales in the U.S. decreased 1.8%.
The company approved a quarterly cash dividend of $2.30 per share, up 2.2% from the previous year, and totaling to an annual dividend of $9.20 per share.
The dividend is payable on March 27 to shareholders on record as of March 13. -
Keurig Dr Pepper Inc. surged 2.3% to $34.90 after the beverage company reported higher revenue in the fourth quarter ending in December.
Net sales increased to $4.07 billion from $3.87 billion, net income swung to a loss of $144 million from a profit of $693 million, and loss per diluted share was 11 cents compared to a profit of 49 cents a year ago.
The U.S. refreshment beverages and the international segments reported sales growth of 10.3% to $9.3 billion and 0.8% to $2.1 billion for the full year, respectively, while sales in the U.S. coffee unit decreased 2.4% to $1.1 billion.
For fiscal 2025, the company estimated net sales growth in a mid-single-digit range and adjusted earnings per diluted share in a high-single-digit range on a constant currency basis.
The projections include the anticipated contribution from the recent Ghost acquisition.
At current rates, foreign currency translation is forecasted to approximate a one to two percentage point headwind to full year top- and bottom-line growth.
The company proposed a regular quarterly cash dividend of 23 cents per share, payable on April 11 to shareholders on record as of March 28.
Last year, Keurig agreed to buy a 60% stake in energy-drink maker Ghost for $990 million, with a plan to purchase the rest in 2028.
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Live Nation Entertainment Inc. dropped 1.9% to $149.40 after the ticket sales company reported lower revenue for the fourth quarter ending in December, impacted by weak concert sales.
Revenue declined to $5.68 billion from $5.82 billion, and consolidated operating loss expanded to $239.4 million from a loss of $81.5 million a year ago.
Revenue in full year 2024 increased to $23.15 billion from $22.73 billion, net income rose to $896.29 million from $556.89 million, and earnings per diluted share jumped to $2.74 from $1.34 a year ago.
For the first quarter of 2025, the company estimated revenue between $3.18 billion and $4.09 billion, compared to $3.8 billion in the same period in 2024. -
Rivian Automotive Inc. eased 0.4% to $12.92 despite the electric vehicle manufacturer reporting revenue growth in the fourth quarter ending in December.
Revenue increased to $1.73 billion from $1.31 billion, net loss shrank to $744 million from a loss of $1.52 billion, and net loss per diluted share declined to 70 cents from a loss of $1.58 a year ago.
For fiscal 2025, the company estimated it would deliver between 46,000 and 51,000 vehicles, compared to 51,579 vehicles in 2024.
Capital expenditures are expected to be between $1.60 billion and $1.70 billion, compared to a negative $1.14 billion, and adjusted EBITDA is expected to be between $1.70 billion and $1.90 billion, compared to an EBITDA loss of $2.68 billion in 2024. -
Pool Corp. eased 0.1% to $344.0 after the swimming pool equipment provider reported lower revenue in the fourth quarter ending in December.
Net sales decreased to $987.49 million from $1.00 billion, net income declined to $37.30 million from $51.44 million, and earnings per diluted share fell to 98 cents from $1.32 a year ago.
For fiscal 2025, the company estimated earnings per share between $11.08 and $11.58, compared to $11.30 per share in 2024, and a gross margin between 29.7% and 30.0%, compared to 29.7% in 2024. -
Robinhood Markets jumped 1.5% to $52.32 after the online trading platform operator said that the SEC is going to drop its investigation into its crypto unit.
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Apple Inc. decreased 0.5% to $243.31, and the popular smartphone maker said it plans to invest $500 billion in the U.S. in order to boost its artificial intelligence capabilities.
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Akamai Technologies Inc. plunged 7.2% to $90.97 after the cybersecurity and cloud services provider reported a lower profit in the fourth quarter ending in December.
Revenue increased to $1.02 billion from $995.02 million, net income declined to $139.90 million from $161.16 million, and earnings per diluted share fell to 91 cents from $1.03 a year ago.
The company spent $138 million in the quarter to repurchase 1.4 million shares of its common stock at an average price of $97.43 per share.
Akamai had 150 million shares of common stock outstanding as of the end of 2024.
For the first quarter of 2025, the company estimated revenue between $1 billion and $1.02 billion, compared to $987.0 million in the same period in 2024. -
Booking Holdings Inc. gained 2.1% to $5,125 after the travel technology company reported strong financial results for the fourth quarter ending in December.
Revenue increased to $5.47 billion from $4.78 billion, net income surged to $1.07 billion from $222 million, and earnings per basic share jumped to $32.31 from $6.37 a year ago.
Interest and dividend income in the quarter increased to $251 million from $237 million a year earlier.
In addition, the company announced a new share repurchase program of up to $20 billion. -
Builders FirstSource Inc. gained 0.1% to $144.50 after the building materials supplier reported lower earnings in the fourth quarter ending in December.
Net sales declined to $3.82 billion from $4.15 billion, net income decreased to $190.2 million from $350.8 million, and earnings per diluted share fell to $1.65 from $2.83 a year ago.
For fiscal 2025, the company estimated net sales between $16.5 billion and $17.5 billion, compared to $16.40 billion in 2024.
Builders FirstSource also guided the adjusted EBITDA between $1.9 billion and $2.3 billion in 2025, compared to $2.33 billion last year.
The adjusted EBITDA margin is expected to be between 11.5% and 13.0%, compared to 14.2% in 2024.
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