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Market Update

Alibaba Group Holding Ltd. surged 6.6% to $134.05 after the Chinese e-commerce company reported an 8% revenue growth for the fiscal third quarter ended in December.

Revenue increased to 280.15 billion yuan from 260.35 billion yuan, net income jumped to 48.94 billion yuan from 14.43 billion yuan, and earnings per diluted share rose to 2.55 yuan from 71 cents a year ago.

The company repurchased 119 million ordinary shares, equivalent to 15 million ADSs, for a total of $1.3 billion during the quarter.

Alibaba’s cloud intelligence segment marked a 13% growth to 31.74 billion yuan from 28.07 billion yuan a year ago.

The company announced its partnership with Apple Inc. to roll out artificial intelligence features for iPhones sold in the Chinese language.


20 Feb, 2025

 

Wix.com Ltd. eased 0.7% to $215.40 after the Israel-based software company reported a 14% revenue increase in the fourth quarter ended in December.

Revenue increased to $460.45 million from $403.77 million, net income surged to $48.02 million from $2.95 million, and earnings per diluted share climbed to 80 cents from 5 cents a year ago.

Total bookings amounted to $464.59 million, up from $395.00 million a year ago.

For the first quarter of 2025, the company estimated constant currency revenue growth between 13% and 14% to between $469 million and $473 million, compared to $419.8 million in the same quarter in 2024.

For the full year 2025, the company guided constant currency revenue growth between 14% and 16% to between $1.97 billion and $2.00 billion, compared to $1.76 billion in 2024.

Total bookings for 2025 are estimated to increase between 13% and 15% to between $2.02 billion and $2.06 billion, in constant currency, compared to $1.83 billion in 2024.


20 Feb, 2025

 

Garmin Ltd. gained 0.3% to $242.0 after the GPS-enabled products maker reported a 23% sales growth in the fourth quarter ended in December.

Net sales increased to $1.82 billion from $1.48 billion, net income declined to $435.73 million from $542.12 million, and earnings per diluted share fell to $2.25 from $2.82 a year ago.

The company proposed a cash dividend of $3.60 per share, payable in four equal installments: on June 27, 2025; September 26, 2025; December 26, 2025; and March 27, 2026.

The registration dates are June 16, 2025; September 12, 2025; December 12, 2025; and March 13, 2026.

For fiscal 2025, Garmin estimated revenue of $6.80 billion, an increase of 8% from $6.30 billion in 2024, and pro forma earnings per share of $7.80, compared to $7.39 per share in 2024.


20 Feb, 2025

 

Carvana Co. plunged 9.9% to $253.77 after the online used car retailer reported fourth quarter 2024 earnings results.

The company sold 114,379 retail units in the quarter, up 50% from a year ago.

Revenue increased to $3.5 billion from $2.4 billion, net income swung to a profit of $159 million from a loss of $200 million, and diluted earnings per share was 56 cents compared to a loss of $1.0 a year ago.


20 Feb, 2025

 

Cadence Design Systems Inc. dropped 3.9% to $288.65 despite the automation software provider reporting steady revenue growth in the fourth quarter ended in December.

Revenue climbed to $1.35 billion from $1.07 billion, net income increased to $340.21 million from $323.89 million, and earnings per diluted share rose to $1.24 from $1.19 a year ago.

For the first quarter of 2025, the company estimated diluted net income per share on a non-GAAP basis between $1.46 and $1.52, compared to $1.17 in the same period last year, and net income between $402 million and $419 million on a non-GAAP basis, compared to $318.88 million a year ago.

The company also estimated revenue in the first quarter between $1.23 billion and $1.25 billion, compared to $1.01 billion in the same quarter last year.


19 Feb, 2025

 

Expeditors International of Washington Inc. gained 3.8% to $118.03 after the logistics company reported strong earnings for the fourth quarter ended in December.

Revenue jumped 30% to $2.95 billion from $2.28 billion, net income climbed 49% to $235.88 million from $158.72 million, and earnings per diluted share rose 54% to $1.68 from $1.09 a year ago.

During the three and twelve months ended December 31, the company repurchased 2.0 million and 7.1 million shares of common stock at an average price of $120.14 and $119.47 per share, respectively.

Expeditors repurchased an additional 1.6 million and 12.1 million shares during the three and twelve months, at an average price of $119.22 and $114.68 per share, respectively.

In addition, during 2024 and 2023, the company paid cash dividends of $1.46 and $1.38 per share, respectively.


19 Feb, 2025

 

Toro Corp. gained 0.4% to $2.67 after the lawn equipment provider reported higher sales in the fourth quarter ended in December.

Net sales jumped 9% to $1.08 billion from $983.2 million, earnings climbed to $89.9 million from $70.3 million, and diluted earnings per share rose to 87 cents from 67 cents a year ago.

For fiscal 2025, the company estimated net sales growth in the range of zero to 1% and adjusted earnings per diluted share between $4.25 and $4.40, compared to $4.17 a year ago.


19 Feb, 2025

 

Arista Networks Inc. dropped 4.6% to $106 despite the computer networking company reporting revenue growth in the fourth quarter of 2024.

Revenue increased to $1.93 billion from $1.54 billion, net income jumped to $800.99 million from $613.64 million, and earnings per diluted share rose to 62 cents from 48 cents a year ago.

For the first quarter of 2025, the company estimated revenue between $1.93 billion and $1.97 billion, compared to $1.57 billion a year ago.


19 Feb, 2025

 

Toll Brothers Inc. plunged 5.8% to $115 after the homebuilding company missed earnings estimates in the first quarter of 2025, which ended on January 31.

Revenue declined to $1.86 billion from $1.95 billion, net income dropped to $177.70 million from $239.56 million, and earnings per diluted share fell to $1.75 from $2.25 a year ago.

The company repurchased approximately 0.2 million shares in the quarter, at an average price of $127.02 per share for a total purchase price of $23.7 million.


19 Feb, 2025

 

Medtronic Plc. gained 0.3% to $86.30 after the American-Irish medical device company reported results for the fiscal 2025 third quarter.

Revenue increased 2.5% to $8.29 billion from $8.09 billion, net income dropped to $1.29 billion from $1.32 billion, and diluted earnings per share rose to $1.01 from 99 cents a year ago.

Sales in the cardiovascular, medical surgical, and diabetes segments marked a steady growth in the quarter, while the neuroscience segment dropped 3.7% to $769 million from $799 million in the same period last year.

For the full year, Medtronic estimated non-GAAP earnings growth between 4.6% and 5.8% in the range of $5.44 to $5.50 per share.


19 Feb, 2025

 

Charles Schwab Corp. gained 1.2% to $81.32 after the financial services company reported a significant increase in new assets received during January 2025.

In January, new and existing clients brought in core net new assets worth $30.6 billion, or a 75% increase from a year ago.

Total client assets equaled $10.33 trillion, up 21% from January 2024 and up 2% compared to December 2024.

New brokerage accounts opened during the month totaled 433,000, an increase of 18% versus January 2024.

January daily average trades increased by 7% month-over-month to 7.37 million, driven by sustained market engagement.


18 Feb, 2025

 

Fannie Mae gained 0.4% to $7.09 after the mortgage loan provider reported a slight increase in full-year 2024 revenue, while net income dropped.

Revenue increased to $29.07 billion from $29.05 billion, and net income declined to $16.98 billion from $17.41 billion a year ago.

The single-family segment reported net income of $14.4 billion, a decrease of $425 million compared to 2023, but single-family acquisition volume advanced 3% for the year.

The multifamily segment reported net income of $2.5 billion, consistent with year 2023, and the company acquired approximately $55 billion in multifamily loans last year, up 4% from 2023.

Fannie Mae expects slower home price growth in 2025, compared to the rate of the household income increase, helping to gradually improve affordability for homebuyers.


18 Feb, 2025

 

Honda Motor Co. dropped 2.3% to $28.04 after the Japanese car manufacturer reported lower profit for the nine months to December 31.

Revenue increased to ¥16.33 trillion from ¥14.99 trillion, profit dropped to ¥805.26 billion from ¥869.61 billion, and earnings per diluted share fell to ¥169.69 from ¥176.78 a year ago.

The motorcycle business generated sales revenue of ¥2.71 trillion, higher than ¥2.36 trillion for the same period in 2023.

Dividends received were ¥114.69 billion, compared to ¥143.94 billion a year ago.

The company raised its full-year guidance and still expects to pay an annual total dividend of ¥68 per share.


18 Feb, 2025

 

Baidu Inc. dropped 2.1% to $95.45 after the Chinese search engine operator reported lower sales in the fourth quarter ending in December, despite a 26% growth in cloud revenue.

Revenue declined to RMB 19.34 billion from RMB 20.80 billion, net income increased to RMB 5.19 billion from RMB 2.60 billion, and earnings per diluted share rose to RMB 1.78 from 85 cents a year ago.

The company returned $356 million to shareholders in the quarter, bringing total repurchases to over $1 billion in 2024.

The company’s core business struggled, with online marketing revenue declining 7% from the same quarter last year, despite diversification efforts.

External ERNIE API calls marked a 178% increase, signaling a growing enterprise adoption.


18 Feb, 2025

 

Airbnb Inc. jumped 14% to $161.01, and the online vacation rental company reported sharply higher revenue and earnings in the fourth quarter.

Revenue increased to $2.48 billion from $2.22 billion, net income swung to a profit of $461 million from a net loss of $349 million, and earnings per share rose to 73 cents from a loss of 55 cents a year ago.

The company repurchased $838 million of class A common stock in the quarter, and a total of $3.4 billion worth of shares during the full year 2024.

Full-year revenue jumped to $11.10 billion from $9.92 billion, net income dropped to $2.65 billion from $4.79 billion, and earnings per diluted share declined to $4.11 from $7.24 a year ago.

For the first quarter of 2025, the company estimated revenue between $2.23 billion and $2.27 billion, below some analysts’ expectations, and compared to $2.14 billion a year ago.

 


14 Feb, 2025