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    • Breaking News
    May 16, 2025
    • 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. 
      • 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.
        • 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.
          • 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.
            • May 15, 2025
            • Boot Barn Holdings Inc. soared 17.4% to $156.00 after the western and work-related footwear and apparel retailer reported fourth-quarter 2025 results.

              Net sales surged to $453.75 million from $388.46 million, net income edged up to $37.54 million from $29.44 million, and diluted earnings per share rose to $1.22 from 96 cents a year ago.

              Same-store sales in the quarter increased 6%, with retail same-store sales growing 5.5% and comparable e-commerce sales climbing 9.8% from a year earlier.

              The company has authorized the repurchase of up to $200 million of its own stock.

              The footwear and apparel retailer said it plans to open between 65 and 70 new stores during the fiscal year 2026 and estimated total sales to be between $2.07 billion and $2.15 billion, an increase of 8% to 13% from $1.91 billion over the previous year.

              The company estimated fiscal 2026 net income between $169 million and $197 million, compared to $180.94 million, and diluted earnings per share between $5.50 and $6.40, compared to $5.88 a year earlier, respectively. 

              For the fiscal first quarter, the company guided sales to be between $483 million and $491 million, an increase of 14% to 16% from $423.4 million, and diluted earnings per share between $1.44 and $1.52, compared to $1.26 a year ago, respectively. 
              • 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.
                • May 14, 2025
                • JD.com Inc. soared 5.5% to $38.04 after the Chinese supply chain-based technology and service provider reported first-quarter 2025 results.

                  Revenue jumped to 301.08 billion yuan from 260.05 billion yuan, net income edged up to 10.89 billion yuan from 7.13 billion yuan, and diluted earnings per share rose to 3.59 yuan from 2.27 yuan a year ago.

                  Net income per ADS increased to 7.19 yuan from 4.53 yuan a year earlier.

                  During the quarter, the company launched its food delivery business and further strengthened its position as the first online marketplace for new and specialty medicine launches.

                  In addition, the company expanded its logistics services in Warsaw, Poland, and in Hong Kong.
                  • Tencent Music Entertainment Group surged 2.9% to $14.73 after the Chinese online music and audio entertainment platform reported first-quarter 2025 results. Revenue jumped to 5.80 billion yuan from 5.01 billion yuan, profit climbed to 4.29 billion yuan from 1.42 billion yuan, and diluted earnings per share rose to 2.77 yuan from 0.91 yuan a year ago. Revenue from music subscriptions increased 16
                    • May 13, 2025
                    • Simon Property Group Inc. advanced 0.9% to $173.0 after the real estate company reported first-quarter 2025 results.

                      Revenue climbed to $1.47 billion from $1.44 billion, net income dropped to $413.70 million from $731.70 million, and diluted earnings per share fell to $1.27 from $2.25 a year ago.

                      The company proposed a quarterly dividend of $1.05 per share payable on June 30 to shareholders on record on June 16.

                      The real estate company reaffirmed its full-year outlook for funds from operations to be between $12.40 and $12.65 per diluted share, compared to $12.24 per diluted share in 2024.

                      Net income per diluted share is estimated to be between $6.67 and $6.92, compared to $7.26 per diluted share a year ago.
                      • ZoomInfo Technologies Inc. eased 0.3% to $10.28 after the contact and business company reported first-quarter 2025 results. Revenue declined to $305.7 million from $310.1 million, net income jumped to $26.8 million from $15.1 million, and diluted earnings per share rose to 8 cents from 4 cents a year ago. The company guided second-quarter revenue to be between $295 million and $298 million, comp