U.S. Movers: Freightos, Home Depot, Hovnanian Enterprises, Palo Alto Networks, Toll Brothers
- Scott Peters
- U.S.A. New York City
-
Palo Alto Networks estimated lower earnings per share in the current quarter. Toll Brothers reported weak second-quarter results. Home Depot expects full-year diluted earnings per share to decline 3%.
Palo Alto Networks Inc. dropped 3.9% to $186.81 after the cybersecurity company reported third-quarter 2025 results.
Revenue jumped to $2.29 billion from $1.98 billion, net income declined to $262.1 million from $278.8 million, and diluted earnings per share edged down to 79 cents from $1.32 a year ago.
The company guided fourth-quarter revenue to be between $2.49 billion and $2.51 billion, compared to $2.19 billion, and diluted earnings per share between 87 cents and 89 cents, compared to $1.51 a year ago, respectively.
For the full year, the company estimated revenue to be between $9.17 billion and $9.19 billion, compared to $8.03 billion, and diluted earnings per share between $3.26 and $3.28, compared to $5.67 a year earlier, respectively.
Home Depot Inc. eased 0.01% to $377.00 after the home improvement retailer reported first-quarter 2025 results.
Net sales jumped 9.4% to $39.86 billion from $36.42 billion, net earnings dropped 4.6% to $3.43 billion from $3.60 billion, and diluted earnings per share fell 5% to $3.45 from $3.63 a year ago.
The company reaffirmed its guidance for fiscal 2025 for a total sales growth of approximately 2.8%, compared to $159.5 billion in 2024, and a comparable sales increase of 1%.
Home Depot expects full-year diluted earnings per share to decline 3% from $14.91 a year ago.
Toll Brothers Inc. surged 5.1% to $109.81 despite the luxury home builder reporting a decline in earnings and revenue in the second quarter.
Revenue edged down to $2.74 billion from $2.84 billion, net income fell to $352.45 million from $481.62 million, and diluted earnings per share slipped to $3.50 from $4.55 a year ago.
The company delivered between 2,800 and 3,000 homes during the quarter, and the average price per home ranged between $965,000 and $985,000.
Toll Brothers spent approximately $723.0 million on land to purchase 4,380 lots and ended the quarter with 421 selling communities, compared to 386 communities a year earlier.
During the quarter, the home builder repurchased approximately 1.6 million shares at an average price of $107.84 for a total of $177.4 million.
Hovnanian Enterprises Inc. soared 4.3% to $100.30 despite the home builder reporting sharply lower earnings in the second quarter.
Revenue edged down to $686.47 million from $708.38 million, net income slumped to $17.06 million from $48.17 million, and earnings per share fell to $2.64 from $7.12 a year ago.
The company acquired or put under option approximately 3,000 lots in 46 consolidated communities during the quarter, and as of April 30, the total controlled consolidated lots were 42,440, an increase of 15.2% from 36,841 lots at the end of the previous fiscal year’s second quarter.
Total quick-move-in homes as of April 30 were 1,073, a decline of 7.7% compared with 1,163 homes as of January 31.
Hovnanian repurchased 126,448 shares of its own stock during the second quarter at an average price of $96.68 per share for a total of $12.2 million.
The company guided third-quarter revenue to be between $750 million and $850 million, compared to $722.7 million, and adjusted EBITDA between $60 million and $70 million, compared to $131.01 million a year ago, respectively.
Freightos Ltd. eased 0.4% to $2.55 after the freight booking and payment portal operator reported first-quarter 2025 results.
Revenue jumped to $6.94 million from $5.35 million, net loss narrowed to $4.50 million from a loss of $4.62 million, and loss per share shrank to 9 cents from a loss of 10 cents a year ago.
The company guided second-quarter revenue to be between $7.0 million and $7.1 million, compared to $5.7 million, and full-year revenue between $29.0 million and $30.6 million, compared to $23.8 million a year earlier, respectively.
Annual Returns
Company | Ticker | 2025 | 2024 | 2023 |
---|---|---|---|---|
Toll Brothers Inc | TOL | -1% | 23% | 108% |
Hovnanian Enterprises Inc | HOV | -5% | -13% | 261% |
Home Depot Inc The | HD | -5% | 12% | 7% |
Palo Alto Networks Inc | PANW | 6% | 24% | -9% |