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Feb 4, 2025
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Estee Lauder Companies Inc. dropped 7% to $77 after the beauty products maker posted lower sales for the second quarter of fiscal year 2025.
Net sales decreased 6% to $4.0 billion from $4.28 billion, net loss came in at $590 million compared to a profit of $313 million, and diluted net loss per share was $1.64 compared to positive earnings of 87 cents a year ago.
Capital expenditures decreased to $273 million from $527 million in the prior-year period, primarily thanks to the prior-year payments relating to the manufacturing facility in Japan.
The company paid dividends of $366 million in the last quarter.
Furthermore, Estee Lauder announced a quarterly cash dividend of 35 cents per share on its class A and class B common stock, payable on March 17 to shareholders on record as of February 28.
For fiscal third quarter 2025, the company estimated non-GAAP earnings per share between 24 cents and 34 cents in constant currency, compared to 97 cents a year ago.
During the second quarter, Estee Lauder launched its products on the U.K. TikTok shop and in Amazon’s U.S. Premium Beauty store.
The company expanded geographically in Thailand, with an expected February expansion in mainland China as well.
In December, Estee Lauder opened a new BioTech Hub in Belgium to further accelerate its biotechnology innovations.
Overall, fragrance distribution expanded with over 20 new stores opened globally during the quarter. -
PayPal Holdings Inc. dropped 4.1% to $83.83 after the online payments company posted lower net income for the fourth quarter ending in December.
Revenue increased to $8.37 billion from $8.03 billion, net income declined to $1.12 billion from $1.40 billion, and earnings per diluted share fell to $1.11 from $1.29 a year ago.
For fiscal first quarter 2025, the company estimated GAAP earnings per share between $1.11 and $1.13, compared to 83 cents a year earlier.
PayPal announced a new $15 billion share buyback program and expects to make around $6 billion in repurchases in 2025.
During the fourth quarter, volume on the company’s Venmo app jumped 10% from a year earlier, as DoorDash, Starbucks, and Ticketmaster are among the businesses now accepting the app as one way that consumers can pay. -
Chevron Corp dropped 4.6% to $149.19 after the energy company reported a decline in downstream operations in the fourth quarter ending in December.
Revenue climbed to $52.23 billion from $47.18 billion, net income jumped to $3.26 billion from $2.26 billion, and earnings per diluted share rose to $1.84 from $1.22 a year ago.
In the United States, upstream sales improved to $1.42 billion compared to a loss of $1.35 billion, and international sales declined to $2.88 billion from $2.93 billion a year ago.
Sales from downstream operations in the United States swung to a negative of $348 million from a positive of $470 million, and downstream international sales dropped to $100 million from $677 million a year ago.
Overall upstream operations brought in $4.30 billion from $1.59 billion, while downstream remained in the red at a negative $817 million from a negative $474 million a year earlier. -
MasterCard Inc. dropped 1.9% to $555.43 despite the payments company reporting strong revenues for its fourth quarter ending in December, driven by strength in holiday sales.
Revenue advanced 16% to $7.5 billion from $6.5 billion, net income surged 22% to $3.3 billion from $2.8 billion, and earnings per diluted share rose 25% to $3.64 from $2.97 a year ago.
Pre-tax charges of $280 million were associated with a U.K. consumer class action settlement and legal provisions with a number of U.K. merchants.
The company repurchased 6.5 million shares at a cost of $3.4 billion and paid $606 million in dividends.
Quarter-to-date through January 27, MasterCard repurchased 1.2 million shares at a cost of $644 million, which leaves $14.5 billion remaining under the approved share repurchase programs. -
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. -
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.
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