U.S. Movers: F5, General Motors, Lockheed Martin, Royal Caribbean, Starbucks

Scott Peters
29 Jan, 2025
New York City

Lockheed Martin gained 0.6% to $460 after the aircraft builder posted lower earnings for the fourth quarter ending in December.

Net sales dropped to $18.6 billion from $18.9 billion; net income declined to $527 million from $1.9 billion, and earnings per diluted share fell to $2.22 from $5.45 a year ago.

Cash from operations declined to $1.0 billion from $2.4 billion, reflecting a pension contribution of $990 million.

Starbucks eased 0.8% to $99.60 after the coffee shop retailer posted fiscal first quarter 2025 results ending in December.

Revenue was flat at $9.4 billion; net income plunged 23.8% to $780.8 million from $1.02 billion, and earnings per diluted share declined 23.3% to 69 cents from 90 cents a year ago.

Comparable store sales in North America and the U.S. declined 4% while in China dropped 6%.

Starbucks opened 377 net new stores in the first quarter, with a 61% of global stores in the U.S. and China.

F5 Inc surged 15% to $310.22 after the technology company posted strong earnings for its fiscal first quarter 2025 ending in December.

Revenue increased to $766 million from $693 million; net income climbed to $166 million from $138 million, and earnings per share jumped to $2.82 from $2.32 a year ago.

Looking ahead to the company’s second quarter, F5 estimated revenue in the range of $705 million to $725 million, with non-GAAP earnings in the range of $3.02 to $3.14 per diluted share.

Royal Caribbean Cruises eased 0.2% to $264.8 after the cruise company posted strong fourth-quarter earnings.

Revenue increased to $3.76 billion from $3.33 billion; net income surged to $559 million from $280 million, and earnings per diluted share rose to $2.02 from $1.06 a year ago.

Looking ahead for fiscal year 2025, the company projects adjusted earnings per share between $14.35 and $14.65.

General Motors Co gained 0.06% to $50.07 after the company posted mixed earnings for the fourth quarter ending in December.

Revenue increased to $47.70 billion from $42.98 billion; net income swung to a loss of $2.96 billion from a profit of $2.10 billion, and diluted loss per share was $1.64 compared to a profit of $1.59 a year ago.