ticker

BlackRock Inc. eased 0.1% to $878.00 after the investment management company reported results for the fiscal first quarter of 2025 ending in March.

Revenue edged up to $5.28 billion from $4.73 billion, net income dropped to $1.51 billion from $1.57 billion, and diluted earnings per share declined to $9.64 from $10.48 a year ago.

Assets under management rose 11% in the quarter to $11.58 trillion from $10.5 trillion a year earlier.

The company repurchased $375 million shares during the quarter and raised its quarterly cash dividend by 2% to $5.21 per share.

14 Apr, 2025

Wells Fargo & Co. gained 0.1% to $62.59 after the banking company reported fiscal first quarter of 2025 results ending in March.

Revenue declined to $20.15 billion from $20.86 billion, net income jumped to $4.89 billion from $4.62 billion, and diluted earnings per share rose to $1.39 from $1.20 a year ago.

The company repurchased 44.5 million shares for $3.5 billion in the quarter.

14 Apr, 2025

JPMorgan Chase & Co. jumped 4.2% to $236.29 after the banking company reported first quarter of 2025 results.

Net revenue edged up to $45.31 billion from $41.93 billion, net income jumped to $14.64 billion from $13.42 billion, and diluted earnings per share rose to $5.07 from $4.44 a year ago.

The company proposed a dividend of $1.40 per share or a total of $3.9 billion and announced $7.1 billion of common stock net repurchases.

14 Apr, 2025

CarMax Inc. dropped 0.2% to $66.30 after the used car retailer reported results for the fiscal fourth quarter of 2025 ending in February.

Revenue increased to $6.00 billion from $5.63 billion, net income surged to $89.87 million from $50.27 million, and diluted earnings per share rose to 58 cents from 32 cents a year ago.

CarMax sold 301,811 retail and wholesale used vehicles in the quarter, an increase of 4.9% from the same period a year ago.

The average price for a car edged up, snapping an eight-quarter streak of declines.

For the quarter to Feb. 28, CarMax said the average selling price for used cars was $26,133, up 0.6% from the same period a year ago.

Wholesale vehicles’ price was up 0.1% to $8,044 in the quarter from $8,034 a year ago.

For the full year, revenue edged down to $26.35 billion from $26.54 billion, net income jumped to $500.5 million from $479.2 million, and diluted earnings per share climbed to $3.21 from $3.02 a year earlier.

The annual price of used vehicles declined 2.8% to $26,273 from $27,028 in 2024, while the annual price of wholesale vehicles edged down 7.9% to $8,019 from $8,707 a year ago.

The company repurchased $98.5 million shares in the fourth quarter, and as of February 28, the car dealer had $1.94 billion remaining available for repurchase under authorization.

Shares of CarMax were headed for their worst day in nearly three years on Thursday, and the used-car retailer said it was putting its long-term goals on hold because of the uncertainty surrounding the economy.

10 Apr, 2025

Tesco Plc dropped 0.2% to 334.40 pence after the UK-based food retailer reported preliminary results for 2024 ending in February.

Revenue edged up to £69.92 billion from £68.19 billion, profit jumped to £1.63 billion from £1.19 billion, and diluted earnings per share rose to 23.51 pence from 16.56 pence a year ago.

Same-store sales declined by 1.8%, reflecting a continuing decline in the tobacco market and weakness in parts of the fast-food market serviced by Best Food Logistics, while the core retail and catering businesses grew despite a challenging market backdrop.

The company paid a dividend of 13.70 pence per share, compared to 12.10 pence per share in the previous year.

Tesco proposed a final dividend of 9.45 pence per share, payable on June 27 to shareholders on record as of May 16.

10 Apr, 2025

Barry Callebaut AG dropped 1.9% to CHF 1.055 after the Swiss cocoa processor and chocolate maker announced results for the six-month period ending in February.

Revenue edged up to CHF 1.14 billion from CHF 1.131 billion, net profit slumped to CHF 77.93 million from CHF 235.49 million, and diluted earnings per share fell to CHF 14.20 from CHF 42.87 a year ago.

Sales volume amounted to 1,138,524 tons in the first six months of fiscal 2023-2024, an increase of 0.7%, as growth was 1% in the second quarter amid a challenging operating environment and higher cocoa prices.

“Demand for cocoa powder remained robust, largely driven by Asia with particular strength in India, Indonesia, and China,” the company said in a release to investors.

Cocoa butter demand was impacted in Asia, Latin America, and North America, while other regions saw positive growth.

“For cocoa liquor, positive growth for Eastern Europe, Middle East Africa, and Latin America was offset by lower demand in Asia, Western Europe, and North America,” the company added in the statement.

Volume growth was positive in most global chocolate regions, led by growth in Latin America, particularly in Brazil.

10 Apr, 2025

Europe Movers: Kingfisher, Pets at Home

Inga Muller
28 May, 2025
Frankfurt

Kingfisher plc dropped 1.01% to 292.50 pence after the UK-based home improvement retailer released its first-quarter trading update.

Sales were flat at £3.3 billion, same-store sales increased 1.8%, and e-commerce sales jumped 9.3% from a year ago.

Retail price inflation was flat, and the company continued to expand its market share in the UK, Ireland, France, and Poland.

The company guided full-year adjusted profit before tax to be between £480 million and £540 million, compared to £528 million in the previous year.

Pets at Home Group plc gained 1.07% to 265.20 pence after the pet products retailer reported higher revenue and earnings in the fiscal year ending in March.

Revenue climbed to £1.482 billion from £1.480 billion, profit jumped to £88.2 million from £79.2 million, and diluted earnings per share rose to 18.8 pence from 16.4 pence a year ago.

The total dividend was 13.0 pence per share, up 1.6% from the previous year, and the final dividend was held at 8.3 pence per share.

In addition, the company announced a £25 million share buyback, having already completed £125 million in buybacks in the last three years.