Movers: American Express, Gap, Kimberly-Clark, Snap, Schlumberger, Verizon
- Barry Adams
- U.S.A. New York City
-
American Express reported a 29% increase in revenues after global network transactions volume reached record monthly high in March. Kimberly-Clark lifted organic sales outlook. Gap raised its quarterly sales decline estimate. Verizon met sales and earnings expectations.
American Express was in focus after reporting better than expected $2.74 earnings per share after total revenues net of interest expense rose 29% from a year ago. Global spending volume in March reached a record high.
Kimberly-Clark soared 10% after the consumer products maker said quarterly organic sales growth was 10% and revised its annual organic sales estimate range to between 4% to 6% from 3% to 4%. The company also reaffirmed its annual earnings per share outlook between $5.60 and $6.00.
Snap Inc gained 4% after the social media platform reported quarterly revenues 38% to $1 billion and daily active users increased 18% to 332 million.
Schlumberger added 5% after the oil services provider said quarterly revenues increased 14% and net income soared 70% to $510 million and the company lifted its dividend by 40% to 17.5 cents.
Gap Inc plunged 11% after the fashion retailer revised its first quarter sales outlook to a decline in low to mid-teens from a year ago from the previous estimate of mid to high-single digit decline. The retailer also said Old Navy President and CEO Nancy Green will depart this week from the business.
Verizon Communications Inc declined 5% after the mobile telephony and broadband services provider said total revenues increased 2.1% to $33.5 billion and net income fell 12.1% to $4.7 billion.
Total wireless retail connections increased 22% from a year ago to 115.2 million and Fios internet connections increased 4.7% to 6.6 million.
Annual Returns
| Company | Ticker | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| American Express Company | AXP | -0% | 60% | 19% |
| Kimberly Clark Corporation | KMB | 0% | 7% | -12% |
| Gap Inc The | GPS | -2% | 15% | 50% |
| Snap Inc. | SNAP | -0% | -33% | 79% |
| Verizon Communications Inc | VZ | 1% | 6% | -1% |