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Market Update

Fastenal Co. eased 0.1% to $77.75 after the logistics company reported increased revenue in fiscal 2024.

Net sales jumped 2.7% to $7.55 billion from $7.35 billion, net income declined 0.4% to $1.50 billion from $1.55 billion, and earnings per diluted share dropped 0.6% to $2.00 from $2.02 a year ago.

The company paid a cash dividend of $1.56 per share in 2024 for a total of $893.3 million, compared to $1.78 per share or $1.02 billion in 2023.


07 Mar, 2025

 

Marvell Technology Inc. plunged 17.9% to $74.00 despite the provider of data infrastructure semiconductor solutions reporting a 27% revenue increase in the fiscal fourth quarter of 2025.

Revenue increased to $1.82 billion from $1.43 billion, net income swung to a profit of $200.2 million from a loss of $392.7 million, and earnings per diluted share jumped to a profit of 23 cents from a loss of 45 cents a year ago.

The company guided for the first quarter of 2026 revenue of $1.87 billion with a band of 5%, compared to $1.16 billion a year ago, and non-GAAP diluted net income per share at 61 cents with a band of 5 cents, compared to 24 cents in the same quarter in 2025.


07 Mar, 2025

 

Zscaler Inc. surged 3.5% to $203.28 after the cloud security company reported a 23% revenue increase in the fiscal second quarter of 2025.

Revenue increased to $647.90 million from $524.99 million, net loss shrank to $7.72 million from a loss of $28.47 million, and loss per share declined to 5 cents from a loss of 19 cents a year ago.

The company guided for the third quarter revenue between $665 million and $667 million, compared to $553.2 million a year ago, and non-GAAP net income per share between 75 cents and 76 cents, down from 88 cents in the same quarter in 2024.

Non-GAAP income from operations is expected to be between $140 million and $142 million, up from $139.8 million in the third quarter of 2024.

For the full year, Zscaler estimated revenue between $2.64 billion and $2.65 billion, up from $2.17 billion a year ago, and non-GAAP net income per share between $3.04 and $3.09, down from $3.19 in 2024.

Non-GAAP income from operations is expected to be between $562 million and $572 million, up from $508.1 million in 2024.


07 Mar, 2025

 

The Gap Inc. surged 18.6% to $23.11 after the specialty apparel retailer reported results for the fiscal fourth quarter of 2024.

Net sales dropped to $4.15 billion from $4.30 billion, net income jumped to $206 million from $185 million, and earnings per diluted share rose to 54 cents from 49 cents a year ago.

Comparable sales in the quarter advanced 3%.

The company guided for the first quarter of 2025 net sales flat to up slightly, compared to $3.4 billion in 2024.

For the full year, Gap estimated sales growth between 1% and 2%, compared to $15.09 billion in 2024.


07 Mar, 2025

 

The Kroger Co. gained 18.6% to $23.11 after the food retailer reported results for the fiscal fourth quarter of 2024.

Revenue declined to $34.31 billion from $37.06 billion, net earnings dropped to $634 million from $736 million, and earnings per diluted share fell to 90 cents from $1.01 a year ago.

The company declared a dividend of 32 cents per share in the quarter, up from 29 cents per share a year ago.

During the year, the company commenced a $5.0 billion accelerated share repurchase program to be completed under its $7.5 billion share repurchase authorization.


07 Mar, 2025

 

Burlington Stores Inc. gained 0.6% to $259.25 after the off-price apparel and accessories retailer reported sales growth in the fiscal fourth quarter of 2024.

Revenue increased to $3.28 billion from $3.12 billion, net income jumped to $260.77 million from $227.46 million, and earnings per diluted share rose to $4.02 from $3.53 a year ago.

Fourth-quarter comparable store sales grew 6% versus guidance of zero to 2%.

The company guided for the first quarter of 2025 total sales growth between 5% and 7%, assuming flat comparable store sales, compared to $2.36 billion in the same quarter in 2024.

Adjusted earnings per share are expected to be between $1.30 and $1.45, compared to $1.35 per share last year.

Burlington said revenue in the full year is expected to increase between 6% and 8%, assuming comparable store sales would increase between zero and 2%, compared to $10.62 billion in 2024.

Adjusted earnings per share for the full year are expected to be between $8.70 and $9.30, compared to $8.17 per share a year ago.


07 Mar, 2025

 

Burlington Stores Inc. gained 0.6% to $259.25 after the off-price apparel and accessories retailer reported sales growth in the fiscal fourth quarter of 2024.

Revenue increased to $3.28 billion from $3.12 billion, net income jumped to $260.77 million from $227.46 million, and earnings per diluted share rose to $4.02 from $3.53 a year ago.

Fourth-quarter comparable store sales grew 6% versus guidance of zero to 2%.

The company guided for the first quarter of 2025 total sales growth between 5% and 7%, assuming flat comparable store sales, compared to $2.36 billion in the same quarter in 2024.

Adjusted earnings per share are expected to be between $1.30 and $1.45, compared to $1.35 per share last year.

Burlington said revenue in the full year is expected to increase between 6% and 8%, assuming comparable store sales would increase between zero and 2%, compared to $10.62 billion in 2024.

Adjusted earnings per share for the full year are expected to be between $8.70 and $9.30, compared to $8.17 per share a year ago.


07 Mar, 2025

 

Macy's Inc. gained 0.2% to $13.25 after the department store chain reported lower sales in the fiscal fourth quarter of 2024.

Revenue declined to $8.00 billion from $8.37 billion, net income swung to a profit of $342 million from a loss of $128 million, and earnings per diluted share rose to $1.21 from a loss of 47 cents a year ago.

Macy’s First 50 locations delivered the fourth consecutive quarter of comparable sales growth, up 0.8% on an owned basis and up 1.2% on an owned-plus-licensed basis.

The retailer reported fourth-quarter comparable sales down 1.1% on an owned basis, while its owned-plus-licensed-plus-marketplace comparable sales since the first quarter of 2022 were up 0.2%.

Bloomingdale’s reported owned comparable sales grew 4.8%, and its highest fourth quarter owned-plus-licensed-plus-marketplace comparable sales growth was 6.5%.

Blue Mercury reported its 16th consecutive quarter of comparable sales growth, up 6.2%.

The company guided for fiscal 2025 net sales between $21.0 billion and $21.4 billion, down from $22.29 billion in 2024, and adjusted earnings per diluted share between $2.05 and $2.25, down from $2.64 in 2024.

The outlook reflects the impact of fiscal 2024 store closures, which contributed roughly $700 million of annual net sales.

Macy’s plans to resume share buybacks under its remaining $1.4 billion share repurchase authorization.


07 Mar, 2025

 

JD.com Inc. eased 0.5% to $43.69 after the Chinese retailer reported results for the fiscal fourth quarter of 2024.

Revenue increased to 346.99 billion yuan from 306.08 billion yuan, net income surged to 9.85 billion yuan from 3.39 billion yuan, and earnings per diluted share rose to 6.47 yuan from 2.13 yuan a year ago.

The company approved an annual cash dividend of 5 cents per share, or $1.0 per ADS, for 2024, payable on April 23 and April 29 (ADS) to shareholders on record as of April 8.


07 Mar, 2025

 

Broadcom Inc. surged 10.9% to $199.07 after the provider of semiconductor and infrastructure software solutions reported results for the fiscal first quarter of 2025.

Net revenue increased to $14.92 billion from $11.96 billion, net income surged to $5.50 billion from $1.32 billion, and earnings per diluted share rose to $1.14 from 28 cents a year ago.

The company approved a quarterly cash dividend of 59 cents per share, payable on March 31 to stockholders on record as of March 20.

Broadcom guided for the second quarter revenue of approximately $14.9 billion, up 19% from $12.49 billion a year ago, and adjusted EBITDA of 66% of projected revenue, compared to 59% of revenue in the same quarter in 2024.


07 Mar, 2025

 

Foot Locker Inc. gained 0.5% to $18.35 after the footwear and apparel retailer reported weaker-than-expected sales in the fourth quarter of 2024.

Sales decreased to $2.24 billion from $2.38 billion, net income swung to a profit of $49 million from a loss of $389 million, and earnings per diluted share rose to a profit of 57 cents from a loss of $4.13 a year ago.

Sales in the 53rd week in 2023 were $98 million.

Overall comparable sales, including all banners and geographies, increased by 2.6%, and North America comparable same-store sales advanced 3.6%. 

Champs Sports delivered its second consecutive quarter of comparable sales growth, with gains of 1.8%.

Foot Locker completed 160 store refreshes in the fourth quarter, bringing the total to over 400 for the year.

The company guided for fiscal 2025 sales growth between -1% and 0.5%, comparable sales change between 1% and 2.5%, and non-GAAP earnings per share between $1.35 and $1.65, compared to $1.37 in 2024.


06 Mar, 2025

 

Abercrombie & Fitch Co. dropped 0.3% to $87.0 after the specialty apparel retailer reported comparable sales growth of 14% in the fiscal fourth quarter of 2024.

Net sales increased to $1.58 billion from $1.45 billion, net income climbed to $187.23 million from $158.45 million, and earnings per diluted share rose to $3.57 from $2.97 a year ago.

Full-year 2024 revenue increased 16% to $4.95 billion from $4.28 billion a year ago, driven by a 17% rise in comparable store sales.

The company guided for the first quarter of 2025 net sales growth between 4% and 6% and net income per diluted share between $1.25 and $1.45, compared to $2.14 in the same period in 2024.

For the full year, the apparel retailer estimated net sales growth between 3% and 5% and net income per diluted share between $10.40 and $11.40, compared to $10.69 in 2024.

Abercrombie & Fitch announced a new $1.3 billion share repurchase authorization, expecting $400 million in share repurchases during 2025.


06 Mar, 2025

 

Veeva Systems Inc. surged 7.2% to $235.69 after the provider of cloud solutions for the life sciences industry reported increased sales in the fiscal fourth quarter of 2025 ending in January.

Revenue jumped to $720.89 million from $630.62 million, net income increased to $195.62 million from $147.40 million, and earnings per diluted share rose to $1.18 from 90 cents a year ago.

The company guided for the first quarter of 2026 revenue between $726 million and $729 million, compared to $650.3 million, and non-GAAP earnings per diluted share between $1.74 and $1.75, compared to $1.50 in the previous year.

Non-GAAP operating income is expected to be between $307 million and $309 million, compared to $247.0 million in the first quarter of 2025.

For the full year, Veeva estimated revenue between $3.04 billion and $3.05 billion, up from $2.75 billion a year ago, and non-GAAP earnings per diluted share at approximately $7.32, compared to $6.60 in 2025.

Non-GAAP operating income is expected at $1.30 billion, compared to $1.15 billion in 2025.


06 Mar, 2025

 

MongoDB Inc. plunged 17.4% to $218.10 after the developer data platform provider missed fourth-quarter analysts expectations.

Fourth-quarter 2025 revenue increased to $548.40 million from $458.00 million, net income jumped to $15.83 million from a loss of $55.46 million, and earnings per diluted share rose to 19 cents from a loss of 77 cents a year ago.

The company guided for the first quarter of 2026 revenue between $524 million and $529 million, up from $450.6 million a year ago, and non-GAAP net income per share between 63 cents and 67 cents, compared to 51 cents in the same quarter in 2025.

Non-GAAP income from operations is expected to be between $54 million and $58 million, up from $32.8 million in the first quarter of 2025.

MongoDB announced a stock buyback program of $200 million to offset the impact of last year’s acquisition of Voyage AI, a provider of embedding and reranking models that power next-generation artificial intelligence applications.


06 Mar, 2025

 

CrowdStrike Holdings Inc. dropped 9.3% to $353.80 after the cybersecurity solutions provider reported results for the fiscal fourth quarter of 2025 ending in January.

Revenue increased to $1.06 billion from $845.33 million, net income swung to a loss of $92.73 million from a profit of $54.94 million, and loss per diluted share was 37 cents compared to a profit of 22 cents a year ago.

The company guided for the first quarter of 2026 revenue between $1.10 billion and $1.11 billion, compared to $921 million a year ago, and non-GAAP earnings per diluted share between 64 cents and 66 cents, compared to 93 cents in the same period in 2025.

Non-GAAP net income is expected to be between $173.1 million and $180 million, compared to $231.7 million in the first quarter of 2025.

The company agreed to bring AI-powered cloud security to Oracle Cloud Infrastructure.


05 Mar, 2025