U.S. Movers: American Airlines, Brown & Brown, Intuitive Surgical, SoFi Technologies, Texas Instruments, Verizon, WNS Holdings

Scott Peters
27 Jan, 2025
New York City

WNS Holdings Ltd surged 2.82% to $62.41 after the Mumbai and New York-based business process management company posted upbeat third-quarter 2025 earnings ending in December.

Revenue increased 2.1% to $333 million from $326.2 million; profit rose to $48.6 million from $41.5 million, and earnings per diluted share edged up to $1.07 from 85 cents from a year ago.

Investments in the quarter declined to $129.5 million from $156.5 million a year ago.

Cash from operations increased to $101.6 million from $87.4 million a year earlier, as the company added 7 new clients and expanded 52 existing contracts.

American Airlines Group eased 2.30% to $16.57 after the company posted higher operating income in the fourth quarter ending in December.

Revenue increased to $1.13 billion from $656 million, net income surged to $590 million from $19 million, and earnings per diluted share rose to 84 cents from 3 cents a year ago.

The airline company expects to generate over $2 billion in free cash flow in 2025, and to reduce total debt to below $35 billion by the end of 2027, a full year ahead of plan.

Looking ahead, American Airlines expects next quarter revenue to increase between 3% to 5%, while full year 2025 revenue to advance by 4.5% to 7.5% from a year ago.

Texas Instruments gained 0.4% to $186.24 after the advanced semiconductor company posted declining results for its fourth-quarter ending in December.

Revenue dropped 2% to $4.01 billion from $4.02 billion, net income fell 10% to $1.21 billion from $1.37 billion, and earnings per diluted share declined to $1.30 from $1.49 a year ago.

Free cash flow in the quarter declined to $806 million from $ 1.50 billon a year earlier.

The company’s management declared a quarterly cash dividend of $1.36 per share payable on February 11 to shareholders of record on January 31.

Intuitive Surgical Inc dropped 1.7% to $574 after the robotic surgery equipment company posted strong results for its fourth quarter ending in December.

Revenue jumped 25% to $2.41 billion from $1.93 billion; net income increased to $686 million from $606 million, and earnings per diluted share edged up to $1.88 from $1.69 a year ago.

The company expanded its da Vinci surgical systems by 15%, including 174 da Vinci 5 systems.

Verizon Communications Inc gained 0.9% to $39.54 after the telecom company posted steady growth in fiscal year 2024 ending in December.

Revenue was up 0.6% to $134.8 billion from $134.0 billion, net income declined to $5 billion from $12.09 billion, and diluted earnings per share rose to $4.14 from $2.75 a year ago.

The company added one million subscribers in the fourth quarter, the highest in five years, driven by iPhone 16 trade-in deals, Black Friday promotions and myPlan offerings.

The wireless services segment rose 3.1% or $20 billion to total revenue, adjusted EBITDA growth was 2.1%, both exceeding the midpoint of the estimate levels.

Verizon successfully scaled private networks, securing contracts with clients like Xerox, Cummins Inc, FIFA, and the US Air Force.

The telecom company will pay an annualized dividend of $2.71 per share in its 18th consecutive year of quarterly dividend distribution.

Brown & Brown Inc added 0.7% to $106 after the company posted fourth quarter results. 

The company’s management announced a cash dividend of $0.15 per share, payable on February 12 to shareholders of record on February 5.

Revenue in year 2023 ending in December increased to $4.26 billion from $3.57 billion; net income rose to $871 million from $672 million, and earnings per diluted share edged up to $3.05 from $2.37 a year ago.

SoFi Technologies Inc plunged 10% to $16.15 after the student loan services provider posted strong returns in the fourth quarter ending in December.

Revenue surged 19% to $734.1 million from $615.4 million; net income increased to $332.5 million from $47.9 million, and earnings per diluted share rose to 29 cents from 2 cents a year ago.

The student and home loans segments reached record levels since year 2021, up 71% and 87%, respectively.

Oxford Lane Capital Corp eased 0.2% to $5.11 after the investment company said its third quarter net income declined to 28 cents a share from 39 cents a year ago.