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    • Breaking News
    Feb 3, 2025
    • Deckers Outdoor Corp plunged 20.5% to $177.36 despite the parent company of Hoka and Ugg reporting better-than-expected results for its third quarter of fiscal year 2025.

      Revenue increased 17% to $1.83 billion from $1.56 billion, net income climbed to $456.7 million from $389.9 million, and earnings per diluted share rose 19% to $3.0 from $2.52 a year ago.

      For fiscal year 2025, the company estimated net sales to increase 15% to $4.9 billion and earnings per diluted share in the range of $5.75 to $5.80.

      Deckers Outdoor repurchased common stock for a total of $44.7 million in the third quarter at $162.85 per share, and as of December 31, 2024, the company had $640.7 million remaining under its stock repurchase authorization.
      • PulteGroup Inc. dropped 4% to $113.78 despite the home builder reporting strong results for its fourth quarter ending in December.

        Revenue jumped to $4.92 billion from $4.29 billion, net income surged to $913.23 million from $710.99 million, and earnings per diluted share rose to $4.43 from $3.28 a year ago.

        Both the home and land divisions as well as the financial services segment marked steadily increasing sales, but home sales in Florida and Texas declined.

        The company’s board raised the dividend by 10% and approved a $1.5 billion increase of stock repurchases, bringing the remaining authorization to $2.1 billion.
        • Jan 31, 2025
        • Apple Inc. gained 3.3% to $245.65 after the mobile phone device maker beat earnings targets for its first quarter of 2025 ending in December.

          Total sales jumped 4% to $124.3 billion from $119.58 billion, net income climbed 7.1% to $36.3 billion from $33.9 billion, and diluted earnings per share rose to $2.40 from $2.18 a year ago.

          Net sales in Greater China declined to $18.5 billion from $20.8 billion a year earlier, while sales in the other regions advanced.

          Sales of iPhones, wearables, home, and accessories dropped, while Mac, iPad, and the services segments increased.

          Apple spent $30 billion on dividends and share repurchases during the first quarter and now plans to pay a dividend of 25 cents per share.
          • Intel Corp. gained 1.8% to $20.36 despite the CPU products maker swinging to a net loss in the fourth quarter ending in December.

            Revenue dropped 7% to $14.3 billion from $15.4 billion; net income swung to a loss of $153 million from a profit of $2.7 billion, and diluted loss per share was 3 cents compared to a positive 63 cents a year ago.

            Intel received $1.1 billion from the Department of Commerce under the U.S. Chips and Science Act.

            For the first quarter of 2025, the company estimates revenue between $11.7 billion and $12.7 billion and a loss per share of 27 cents.
            • Visa Inc. surged 2.1% to $343.05 after the payments company reported strong earnings for the first quarter of fiscal year 2025, driven by higher holiday results.

              Revenue increased to $9.51 billion from $8.63 billion, net income climbed to $5.12 billion from $4.89 billion, and earnings per share rose to $2.58 from $2.39 a year ago.

              The company’s board increased the quarterly cash dividend by 13% to 59 cents per share, and share repurchases and dividends totaled $20.9 billion for the full year.
              • UPS Inc. slumped 14.1% to $114.9 after the parcel delivery company reported better-than-expected earnings, but revenue fell short of market expectations in the fourth quarter.

                The company reached a deal with Amazon, its largest customer, to lower shipment volume by 50% by the second half of 2026.

                Revenue increased 1.5% to $25.3 billion from $24.9 billion, operating profit climbed 18.1% to $2.9 billion from $2.5 billion, and earnings per diluted share rose to $2.75 from $1.87 a year ago.
                • Sanmina Corp. gained 1.7% to $84.21 after the electronics manufacturing services provider beat estimates in the first quarter of 2025.

                  Sales increased to $2.01 billion from $1.87 billion, net income climbed to $65.0 million from $57.07 million, and earnings per diluted share rose to $1.16 from 98 cents a year ago.

                  Looking ahead to the second quarter, the company estimates revenue between $1.9 billion and $2.0 billion and earnings per share of $1.30 to $1.40.

                  As of December 28, 2024, approximately $37 million remained available under the company’s current $300 million stock repurchase program, which has no expiration date.
                  • Exxon Mobil increased 0.7% to $110.30 after the energy company reported better-than-expected adjusted earnings and free cash flow in the fourth quarter.

                    Revenue declined 1.1% to $83.43 billion, adjusted earnings per share increased to $1.67 compared to an estimate of $1.55, and free cash flow was $8 billion compared to an estimate of $6.5 billion.
                    • Chevron Corp. declined 1.1% to $154.60 after the energy company reported mixed results in the fourth quarter. 

                      Revenue in the quarter increased to $52.2 billion from $47.2 billion; adjusted earnings per share declined to $2.06, down from $3.45 a year ago.
                      • Atlassian Corp. surged 19.5% to $320.01 after the project management software developer reported better-than-expected results in the fourth quarter.

                        Revenue in the fiscal second quarter increased 21% to $1.29 billion, and the company's fiscal third quarter revenue was ahead of market estimates.