Breaking News
Jun 17, 2025
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Lennar Corp. gained 2.7% to $112.45 after the home builder reported results for the fiscal second quarter of 2025 ending on May 31, citing continued weakness in the market.
Revenue declined to $8.38 billion from $8.76 billion, net earnings edged down to $477.45 million from $954.31 million, and diluted earnings per share fell to $1.81 from $3.45 a year ago.
New orders increased 6% to 22,601 homes, bringing the backlog to 15,538 homes with a value of $6.5 billion.
New home deliveries increased 2% to 20,131 homes in the quarter from 19,690 homes a year earlier, and the average sales price of homes was $389,000, compared to $426,000 in the same quarter last year.
In the second quarter, the company repurchased 4.7 million shares of its stock for $517 million at an average share price of $109.79.
The home builder guided third-quarter new orders and deliveries to be between 22,000 and 23,000 and the average sales price to be between $380,000 and $385,000.
In comparison, new home deliveries in the third quarter of 2024 were 21,516, and the average sales price of homes delivered was $422,000.
The company also estimated financial services operating earnings to be between $175 million and $180 million in the third quarter, compared to $144 million a year earlier. -
RH Corp. surged 20.2% to $212.56 after the home furnishing retailer reported results for the first quarter of fiscal 2025 ending on May 3.
Revenue jumped to $813.95 million from $726.96 million, net income swung to a profit of $8.04 million from a loss of $3.62 million, and diluted earnings per share swung to a profit of 40 cents from a loss of 20 cents a year ago.
“We are forecasting to generate $250 million to $350 million in free cash flow in 2025,” the company said in a release to investors.
The furniture company has continued to shift sourcing out of China and expects receipts to decrease from 16% in the first quarter to 2% in the fourth quarter, with a meaningful portion of the tariff absorbed by its vendor partners.
“We are now projecting that 52% of our upholstered furniture will be produced in the United States and 21% will be produced in Italy by the end of fiscal 2025,” the company added in the statement.
RH guided second-quarter revenue to grow between 8% and 10% and full-year sales to grow between 10% and 13% amid expansion initiatives globally. -
Adobe Inc. eased 1.5% to $407.50 after the content software developer reported results for the fiscal second quarter ending on May 30.
Revenue edged up to $5.87 billion from $5.31 billion, net income climbed to $1.69 billion from $1.57 billion, and diluted earnings per share rose to $3.94 from $3.49 a year ago.
The company repurchased approximately 8.6 million shares during the quarter.
The software company guided third-quarter revenue to be between $5.87 billion and $5.92 billion, compared to $5.41 billion, and non-GAAP earnings per share between $5.15 and $5.20, compared to $4.65 a year earlier, respectively.
For the full year, the company estimated revenue to be between $23.50 billion and $23.60 billion, compared to $21.51 billion, and non-GAAP earnings per share between $20.50 and $20.70, compared to $18.42 a year ago, respectively. -
Oxford Industries Inc. plunged 8.4% to $45.80 after the parent company of Tommy Bahamas and Lily Pulitzer reported results for the fiscal first quarter of 2025 ending on May 3.
Net sales declined to $392.86 million from $398.18 million, net earnings slipped to $26.18 million from $38.37 million, and diluted earnings per share fell to $1.70 from $2.42 a year ago.
The company proposed a dividend of 69 cents per share, compared to 67 cents a year earlier, payable on August 1 to shareholders on record on July 18.
Oxford Industries revised its fiscal 2025 outlook to include $40 million in additional tariff costs, or $2.00 per share on an after-tax basis.
The company now estimates full-year net sales to be between $1.47 billion and $1.51 billion, compared to $1.52 billion; GAAP earnings per share between $2.28 and $2.68, compared to $5.87; and adjusted earnings per share between $2.80 and $3.20, compared to $6.68 in 2024, respectively. -
Oracle Corp. surged 7.6% to $189.75 after the database management company reported results for the fiscal fourth quarter of 2025 ending on May 31.
Revenue increased to $15.90 billion from $14.29 billion, net income edged up to $3.43 billion from $3.14 billion, and diluted earnings per share rose to $1.19 from $1.11 a year ago.
Cloud revenue was up 27% to $6.7 billion, and cloud infrastructure sales were up 52% to $3.0 billion in the quarter.
For the full year, revenue jumped to $57.40 billion from $52.96 billion, net income climbed to $12.44 billion from $10.47 billion, and diluted earnings per share rose to $4.34 from $3.71 a year earlier. -
Dave & Buster’s Entertainment Inc. surged 4.7% to $27.10 after the owner and operator of entertainment and dining venues reported results for its first quarter of fiscal 2025 ending on May 6.
Revenue declined to $567.7 million from $588.1 million, net income slipped to $21.7 million from $41.4 million, and diluted earnings per share fell to 62 cents from 99 cents a year ago.
During the quarter, the company repurchased $23.9 million of shares and has $104.1 million remaining on its share repurchase authorization.
The company opened two new Dave & Buster’s stores and completed the remodels of 13 stores in the first quarter, and subsequent to the end of the quarter, the company opened two additional stores.
Comparable store sales in the current quarter to date were down 2.2% from a year earlier. -
GitLab Inc. plunged 12.6% to $42.40 after the software developer platform operator reported first-quarter of fiscal 2026 results ending on April 30.
Revenue edged up to $214.51 million from $169.19 million, net loss narrowed to $35.87 million from a loss of $55.23 million, and diluted loss per share shrank to 22 cents from a loss of 35 cents a year ago.
The company guided second-quarter revenue to be between $226.0 million and $227.0 million, non-GAAP operating income between $23.0 million and $24.0 million, and non-GAAP diluted earnings per share between 16 cents and 17 cents.
In comparison, revenue in the second quarter of fiscal 2025 was $182.6 million, non-GAAP operating income was $18.2 million, and non-GAAP diluted earnings per share were 15 cents.
For the full fiscal year 2026, the company estimated revenue to be between $936 million and $942 million, non-GAAP operating income between $117 million and $121 million, and non-GAAP diluted earnings per share between 74 cents and 75 cents.
In comparison, full-year 2025 revenue was $759.2 million, non-GAAP operating income was $37.4 million, and non-GAAP diluted earnings per share were 33 cents. -
GameStop Corp. eased 3.5% to $29.08 after the retailer of video games and consumer electronics reported first-quarter fiscal 2025 results ending on May 3.
Net sales declined to $732.4 million from $881.8 million, net income swung to a profit of $44.8 million from a loss of $32.3 million, and diluted earnings per share swung to a profit of 9 cents from a loss of 11 cents a year ago.
The company sold its Canadian operations to French-Canadian entrepreneur Stephan Tetrault, adding to his list of toy and gaming ventures.
The sale of GameStop’s international assets follows news in March that the company would close a “significant number” of stores in 2025.
In 2024, the company decreased its footprint with the closure of about 600 U.S. locations.
In the fourth quarter, GameStop completed its divestiture of its operations in Italy and “the wind-down of store operations in Germany.” -
Limoneira Co. edged up 0.9% to $16.33 after the diversified citrus growing, packing, selling, and marketing company with related agribusiness activities and real estate development operations reported financial results for the second quarter ending on April 30.
Revenue declined to $35.12 million from $44.61 million, net income swung to a loss of $3.49 million from a profit of $6.44 million, and diluted earnings per share swung to a loss of 20 cents from a profit of 35 cents a year ago.
The company announced its plan to merge its citrus sales and marketing into Sunkist Growers Inc., expecting to generate $5 million in annual selling and marketing cost savings and EBITDA improvement beginning in fiscal year 2026.
The transaction is expected to be finalized in November.
California-based Limoneira will return to Sunkist as one of its largest lemon growers and an exclusive licensed packer, the agri-food group said in a statement. -
Calavo Growers Inc. plunged 13.5% to $23.95 despite the provider of avocado, tomato, and papaya products reporting improved results for the fiscal second quarter ending on April 30.
Net sales increased to $190.55 million from $184.38 million, net income jumped to $6.85 million from $6.06 million, and diluted earnings per share rose to 38 cents from 34 cents a year ago.
Fresh segment sales edged up 4.7%, and prepared segment sales climbed 9.9% from a year ago, respectively.
Net sales for the six months ending in April increased to $344.93 million from $311.99 million, net income swung to a profit of $11.26 million from a loss of $205 million, and diluted earnings per share swung to a profit of 63 cents from a loss of 1 cent a year earlier.
In the six months, fresh segment sales jumped 12.4% and prepared segment sales rose 5.4% from a year ago, respectively.
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