U.S. Movers: 3M, Netflix, Charles Schwab, Interactive Brokers, United Airlines

Scott Peters
22 Jan, 2025
New York City

Charles Schwab Corp surged 6% to $80.98 after the investment services firm said fourth-quarter revenue increased 20% to $5.3 billion from a year ago.

Net income jumped 76% to $1.8 billion, or 94 cents a share, compared to $1.1 billion or 51 cents a share in the same quarter a year ago.

Total client assets increased 19% year-over-year to $10.10 trillion.

For the full-year 2024, revenue jumped 4% to $19.61 billion from $18.8 billion, net income surged 17% to $5.94 billion from $5.5 billion, and diluted earnings per share rose to $2.99 from $2.54 a year ago.

3M gained 4.8% to $147.84 after the industrial conglomerate said fourth-quarter revenue increased 1.5% to $6.07 billion from the same period last year.

Quarterly earnings came in at $1.33 per share, compared to $1.14 a share a year ago.

For the full year 2024, the company returned $3.8 billion to shareholders via dividends and share repurchases.

3M estimated fiscal 2025 adjusted sales to rise between 0.5% to 1.5%, and earnings per share in the range of $7.60 to $7.90.

Netflix gained 1.4% to $869.68 after the streaming services provider reported record client subscriptions in the fourth quarter.

Revenue increased by 16% to $10.25 billion from the same quarter a year ago.

Diluted earnings per share rose 102.4% to $4.27 from $2.11 a year ago. 

The free cash flow declined 12.7% to $1.38 billion due to more investments in content and technology.

The company conducted stock buybacks amounting to $6.2 billion in the quarter.

A possible stock split announcement may help Netflix to push out an increase in its service prices.

Looking ahead for fiscal year 2025, Netflix anticipated revenue between $43.5 billion and $44.5 billion, indicating an increase of 12% to 14%.

Interactive Brokers Group added 1.4% to $192.83 after the global electronic broker reported steady fourth-quarter results.

Revenue reached $1.4 billion, compared to $1.2 billion in the same quarter in 2023. 

Earnings per share rose to $1.99 from $1.48 in the year-ago period.

Reported income before taxes was $1,040 million for the current quarter, compared to $816 million a year ago.

Commission revenue increased 37% to $477 million as customer accounts grew 30% to 3.34 million.

United Airlines Holdings Inc surged 2.9% to $110.5 after the airline reported strong fourth-quarter financials.

Revenue increased 7.8% to $14.7 billion, net income soared 64.2% to $985 million from $600 million, and diluted earnings rose to $2.95 per share from $1.81 per share a year earlier.

Free cash flow clocked in at $549 million in the quarter, equivalent to a 3.7% margin.