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Aug 6, 2025
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Arista Networks Inc. jumped 12.6% to $132.99 after the computer networking company reported a 30% increase in net income in the June quarter.
Revenue increased to $2.2 billion from $1.7 billion, net income jumped to $888.8 billion from $665.4 million, and diluted earnings per share rose to 70 cents from 52 cents a year ago.
For the six-month period, revenue advanced to $4.2 billion from $3.2 billion, net income soared to $1.7 billion from $1.3 billion, and diluted earnings per share edged higher to $1.34 from $1.02 a year ago.
During the second quarter, the company repurchased $983 million of its common stock during the quarter as part of its stock repurchase program.
The company guided net sales in the next quarter to approximately $2.25 billion compared to $2.2 billion a quarter earlier, respectively.
The company expects to deliver a non-GAAP gross margin of approximately 64% and a non-GAAP operating margin of approximately 47% for the third quarter.
Chantelle Breithaupt, Arista’s CFO, said, "Non-GAAP operating income crossed $1 billion for the first time at Arista, highlighting the strength of our business model and the momentum of customer demand across our portfolio.
Our ability to scale efficiently while maintaining financial discipline continues to deliver value for our shareholders." -
Advanced Micro Devices Inc. dropped 6.2% to $100.32 despite the advanced semiconductor chip company reporting more than a threefold jump in earnings in the second quarter.
Revenue increased to $4.6 billion from $3 billion, net income jumped to $872 million from $265 million, and diluted earnings per share rose to 54 cents from 16 cents a year ago.
For the six-month period, revenue climbed to $8.3 billion from $5.9 billion, net income soared to $1.5 billion from $388 million, and diluted earnings per share advanced to 97 cents from 24 cents a year ago.
Operating income swung to a loss of $134 million from a profit of $269 million. Operating expenses soared 23% to $3.2 billion from $2.6 billion.
Operating cash flow climbed nearly three-and-a-half-fold to $2 billion from $593 million, while free cash flow jumped more than two-and-a-half-fold to $1.2 billion from $439 million a year ago.
During the second quarter, the company returned $478 million to its shareholders through share repurchases. -
Marriott International surged 0.2% to $259.72 after the hotel chain operator reported an increase in revenue and earnings in the latest quarter.
Revenue increased to $6.7 billion from $6.4 billion, net income inched higher to $728 million from $716 million, and diluted earnings per share fell to $2.78 from $2.69 a year ago.
For the fiscal year 2025, revenue advanced to $13 billion from $12.4 billion, net income soared to $1.37 billion from $1.33 billion, and diluted earnings per share edged higher to $5.17 from $4.62 a year ago.
During the second quarter, the company returned $700 million to shareholders through the repurchase of 2.8 million shares of common stock.
In the year-to-date to July 30, the company has returned approximately $2.1 billion to shareholders through dividends and share repurchases.
The company added roughly 17,300 net rooms during the quarter, an increase of 4.7% from a year ago.
At the end of the quarter, Marriott's worldwide development pipeline reached a new record, totaling approximately 3,900 properties and over 590,000 rooms. -
McDonald’s Corp. jumped 2.5% to $306.11 after the fast-food restaurant chain reported a muted increase in sales and earnings in the latest quarter.
Revenue increased to $6.8 billion from $6.4 billion, net income inched higher to $2.2 billion from $2 billion, and diluted earnings per share rose to $3.14 from $2.80 a year ago.
For the six-month period, revenue advanced to $12.8 billion from $12.6 billion, net income edged up to $4.1 billion from $4 billion, and diluted earnings per share inched higher to $5.74 from $5.46 a year ago.
The company reported a 3.8% annual increase in global comparable sales, supported by a 2.5% growth in U.S. comparable sales during the same period. -
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. -
ON Semiconductor fell 15% to 47.90 after the semiconductor manufacturer reporting a 50% plunge in quarterly profit from a year ago.
Revenue decreased to $1.4 billion from $1.7 billion, net income dropped to $170.3 million from $338.2 million, and diluted earnings per share fell to 41 cents from 78 cents a year ago.
For the fiscal year 2025, revenue fell to $2.9 billion from $3.6 billion, after-tax income swung to a loss of $313.5 million from a profit of $792.1 million, and diluted earnings per share swung to a loss of 76 cents from a profit of $1.82 a year ago. -
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. -
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. -
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. -
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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