Moves: Beazer Homes, Doximity, Duolingo, LegalZoom, US Bancorp, Wynn Resorts
- Scott Peters
- U.S.A. New York City
-
Beazer Homes said gross margin rose on higher average home sale price. Doximity launched a stock repurchase plan. Duolingo offered a cautious outlook. LegalZoom quarterly loss shrank.
Beazer Homes added 1.7% to $12.53 after the homebuilder reported revenue and earnings ahead of expectations in its latest quarter.
Total revenue in the fiscal fourth quarter increased to $827.6 million from $590.9 million a year ago.
Net income in the period rose to $86.8 million from $43.8 million and diluted earnings per share increased to $2.82 from $1.57 a year ago.
Rising home prices and improving gross margin drove the better performance in the quarter.
Homebuilding gross margin increased 330 basis points to 22.6% and average home price increased 22% to $510,700.
Doximity Inc soared 20% to $31.60 after the online platform for healthcare professionals reported better-than-expected quarterly results.
Revenue in the fiscal second quarter ending in September increased 29% to $102.2 million from $79.4 million a year ago.
Net income in the quarter declined to $26.3 million from $36.1 million and diluted earnings per share dropped to 12 cents from 17 cents a year ago.
For the December quarter, the company guided revenue between $110.7 million and $111.7 million.
The company also launched a $70 million stock repurchase plan to be executed over the next twelve months.
Duolingo Inc fell 3.3% to $83.30 and the online language platform operator reported a smaller loss and lifted its annual outlook.
Revenue in the September quarter increased 51% to $96.1 million from $63.6 million a year ago.
Net loss in the third quarter shrank to $18.5 million from $28.9 million and diluted loss per share declined to 46 cents from 98 cents a a year ago.
Monthly active users increased 35% to 56.1 million, daily active users rose 51% to 14.9 million and paid subscribers jumped 68% to 3.7 million.
The company estimated fourth quarter revenue between $98 million and $101 million and full-year 2022 revenue between $364 million and $367 million.
LegalZoom.com, Inc soared 15% to $10.92 and the online legal documents and advice provider reported smaller-than-expected quarterly loss and lifted its full-year revenue estimate.
Revenue in the third quarter increased 4% to $154 million from $148 million a year ago.
Net loss in the third quarter shrank to $10.1 million from $39.7 million and diluted loss per share fell to 5 cents from 20 cents a year ago.
The company guided fourth quarter revenue between $145 million and $147 million and full-year 2022 revenue between $617 million and $619 million.
US Bancorp fell 0.3% to $44.75 and Warren Buffett-controlled Berkshire Hathaway lowered its stake in the bank to 53 million shares of 3.6%, according to a regulatory filing with the SEC.
Berkshire has sold 91 million shares in the year so far and slashed its holding in the financial services company.
Wynn Resorts added 3.2% to $74.58 and Las Vegas Sands added 4.3% to $43.85 after China loosened Covid-19 restrictions.
Both companies have a significant presence in Macau, China, a tourist and travel destination for Chinese citizens.
Annual Returns
Company | Ticker | 2025 | 2024 | 2023 |
---|---|---|---|---|
Beazer Homes USA Inc | BZH | -2% | -19% | 150% |
Duolingo Inc. | DUOL | 0% | 43% | 219% |
U S Bancorp | USB | -1% | 12% | -0% |
Wynn Resorts Limited | WYNN | -5% | -3% | 5% |
Doximity Inc. | DOCS | -8% | 108% | -20% |
LegalZoom.com Inc | LZ | 0% | 0% | 0% |
Las Vegas Sands Corp | LVS | -2% | 3% | 2% |