U.S. Movers: American Express, Boeing, CSX, Texas Instruments, Twilio, Union Pacific

Scott Peters
24 Jan, 2025
New York City

Boeing Company declined 1% to $176.66 after the aviation company released preliminary fourth-quarter results. 

CSX Corp. decreased 4.2% to $32.25 after the railroad operator reported weaker-than-expected revenue in the fourth quarter. 

The rail transportation and real estate company reported a 4% drop in fourth-quarter revenue despite lower fuel expenses.

Revenue declined 4% to $3.5 billion from $3.7 billion; net income fell 17% to $733 million from $882 million, and earnings per diluted share slipped to 38 cents from 45 cents a year ago.

The company’s cash flow dropped to $933 million from $1.3 billion, as property assets increased to $35.6 million from $34.7 million, and investments in affiliates and other companies climbed to $2.5 million from $2.4 million a year earlier.

Union Pacific Corp gained 5.2% to $248 after the railroad company reported a 7% rise in fourth-quarter earnings as carloads were up 5% and fuel expenses declined 23%.

Revenue dropped 1% to $6.1 billion from $6.2 billion; net income was up 7% to $1.8 billion from $1.7 billion, and earnings per share rose to $2.91 from $2.71 a year ago.

In 2025, the company expects share repurchases between $4 billion and $4.5 billion.

Texas Instruments decreased 4.9% to $191.28 after the advanced semiconductor company's current quarter earnings outlook disappointed some investors. 

Twilio Inc. jumped 20% to $136.13 after the cloud communication software services provider estimated strong revenue growth in the years ahead. 

The company also announced a $2 billion stock repurchase plan, supported by rising earnings and free cash flow. 

American Express increased 1% to $324.90 after the charge card company posted record revenue in 2024.

Fourth-quarter revenue increased 8% to $17.2 billion from $15.8 billion; net income surged 12% to $2.2 billion from $1.9 billion, and earnings per diluted share rose to $3.04 from $2.62 a year ago.

The company plans to increase its quarterly dividend by 17% to 82 cents from 70 cents per share, beginning in the first quarter this year.

For fiscal 2025, American Express expects revenue growth between 8% and 10% and earnings per share to range between $15 and $15.50.