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Aug 5, 2025
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Wayfair Inc. surged 7% to $73.51 after the online furniture retailer’s net income swung to a profit in the fiscal fourth quarter.
Consolidated revenue in the quarter inched up to $3.2 billion from $3.1 billion, net income swung to a profit of $15 million from a loss of $42 million, and diluted income per share swung to a profit of 11 cents from a loss of 34 cents a year ago.
The import tax imposed by the Trump administration on shipments from China and Asia and the expected surge in tariff rates from August 12 supported the rise in sales in the current quarter.
For the fiscal year 2025, revenue advanced to $6 billion from $5.8 billion, net loss dropped to $98 million from $290 million, and diluted losses per share dropped to 77 cents from $2.39 a year ago.
Active customers decreased by 4.5% to 21.0 million, and the last twelve-month net revenue per active customer increased by 5.9% to $572 a year earlier.
During the second quarter, orders per customer, measured as LTM orders divided by active customers, were 1.86 compared to 1.85 for the second quarter of 2024.
Net cash provided by operating activities was $273 million, and non-GAAP free cash flow was $230 million.
Orders delivered in the second quarter of both 2025 and 2024 were 10.0 million.
During the three and six months ended June 30, 2025, the company recorded a $6 million and $31 million gain on debt extinguishment upon repurchase of $80 million of 2025 Notes and $696 million of 2026 Notes, respectively. -
T. Rowe Price Group Inc. gained 1.6% to $103.06 after the investment management company reported mixed quarterly results.
Revenue decreased to $1.72 billion from $1.73 billion, net income jumped to $556 million from $485.3 million, and diluted earnings per share declined to $2.24 from $2.26 a year ago.
For the six-month period, revenue advanced to $3,487 million from $3,483 million, net income fell to $1.06 billion from $1.08 billion, and diluted earnings per share edged down to $4.47 from $4.64 a year ago.
T. Rowe announced preliminary month-end assets under management of $1.68 trillion as of June 30, 2025.
Shareholder distributions totaled $395 million, including dividends and share repurchases. -
Chevron Corp. fell 0.2% to $151.40 after the energy company reported a decline in earnings in the June quarter.
Revenue decreased to $44.8 billion from $51.2 billion, net income dropped to $2.5 billion from $4.4 billion, and diluted earnings per share fell to $1.45 from $2.43 a year ago.
For the six-month period, revenue decreased to $92.4 billion from $99.9 billion, net income declined to $60.3 billion from $99.4 billion, and diluted earnings per share edged down to $3.45 from $5.40 a year ago.
The company returned $5.5 billion of cash to shareholders during the quarter, including share repurchases of $2.6 billion and dividends of $2.9 billion.
The company's board declared a dividend of $1.77 per share, payable on September 10 to shareholders on record on August 19.
The company achieved record production levels of one million barrels of oil equivalent (BOE) per day in the Permian Basin and closed the acquisition of Hess Corporation in July, enhancing the company’s asset portfolio and long-term growth potential. -
Exxon Mobil Corp. declined 1.8% to $109.64 despite the energy company reporting a 23% plunge in quarterly profit from a year ago.
Revenue inched down to $81.5 billion from $93.1 billion, net income dropped to $7.1 billion from $9.2 billion, and diluted earnings per share fell to $1.64 from $2.14 a year ago.
For the six-month period, revenue decreased to $164.6 billion from $176.1 billion, net income declined to $148 billion from $174.6 billion, and diluted earnings per share edged down to $3.40 from $4.20 a year ago.
Cash flow from operating activities was $11.5 billion, and free cash flow was $5.4 billion.
The company expects full-year cash capital expenditures of $27 billion to $29 billion.
In the quarter, shareholder distributions totaled $9.2 billion, including $4.3 billion through dividends and $5.0 billion of share repurchases, and the company plan to complete $20 billion of stock repurchase this year.
The company has repurchased approximately 40% of shares issued to acquire Pioneer Natural Resources since May of 2024.
Exxon declared a third-quarter dividend of $0.99 per share, payable on September 10 to shareholders on record on August 15. -
MasterCard Inc. rose 1.3% to $566.47 after the payment processing company reported a 13% increase in net income in the latest quarter.
Consolidated revenue in the June quarter increased 16% to $8.1 billion from $7 billion, net income soared 13% to $3.7 billion from $3.3 billion, and diluted earnings per share rose 15% to $4.07 from $3.50 a year ago.
For the six-month period, revenue advanced to $15.3 billion from $13.3 billion, net income soared to $7 billion from $6.2 billion, and diluted earnings per share edged higher to $7.66 from $6.72 a year ago.
During the second quarter of 2025, Mastercard repurchased 4.2 million shares at a cost of $2.3 billion and paid $691 million in dividends.
Quarter-to-date through July 28, the company repurchased 1.8 million shares at a cost of $1.0 billion, which leaves $9.3 billion remaining under approved share repurchase programs.
The effective tax rate for the second quarter of 2025 was 20.8%, versus 17.3% for the comparable period in 2024. -
Amazon Inc. gained 3.9% to $234.11 after the online retailer and marketplace operator reported a 13% jump in revenue and a 35% rise in net income in the second quarter.
Consolidated revenue in the June quarter increased 13% to $167.7 billion from $148 billion, net income jumped to $18.2 billion from $13.5 billion, and diluted earnings per share rose to $1.68 from $1.26 a year ago.
For the fiscal year 2025, revenue advanced to $323.4 billion from $291.3 billion, net income soared to $35.3 billion from $23.9 billion, and diluted earnings per share edged higher to $3.27 from $2.24 a year ago.
Operating income increased 30.6% to $19.2 billion from $14.7 billion, operating expense expanded 11.4% to $148.5 billion from $133.3 billion, operating cash flow climbed 12% to $121.1 billion from $108.0 billion, and free cash flow decreased 65.7% to $18.2 billion from $53.0 billion a year ago.
The company guided third-quarter net sales between $174.0 billion and $179.5 billion, compared to $167.7 billion, and operating income between $15.5 billion and $20.5 billion, compared to $17.4 billion a quarter earlier, respectively.
This guidance anticipates a favorable impact of approximately 130 basis points from foreign exchange rates. -
Apple Inc. decreased 0.7% to $207.57 despite the smartphone maker reporting a 9% rise in net income in the June quarter.
Revenue in the fiscal third quarter increased 9.6% to $94 billion from $85.8 billion, net income climbed to $23.4 billion from $21.4 billion, and diluted earnings per share rose to $1.57 from $1.40 a year ago.
For the nine-month period, revenue advanced to $313.7 billion from $296.1 billion, net income soared to $84.5 billion from $79 billion, and diluted earnings per share edged higher to $5.62 from $5.11 a year ago.
Cash flow from operating activities declined to $81.2 billion from $91.4 billion a year earlier.
The company executed share repurchases totaling $70,579 of its Class A common stock and returned $11.6 billion to shareholders.
The company's board declared a cash dividend of 26 cents per share, payable on August 14 to shareholders on record on August 11.
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