U.S. Movers: Apple, Intel, Sanmina, Qualcomm, UPS, Visa

Scott Peters
31 Jan, 2025
New York City

Apple Inc. gained 3.3% to $245.65 after the mobile phone device maker beat earnings targets for its first quarter of 2025 ending in December.

Total sales jumped 4% to $124.3 billion from $119.58 billion, net income climbed 7.1% to $36.3 billion from $33.9 billion, and diluted earnings per share rose to $2.40 from $2.18 a year ago.

Net sales in Greater China declined to $18.5 billion from $20.8 billion a year earlier, while sales in the other regions advanced.

Sales of iPhones, wearables, home, and accessories dropped, while Mac, iPad, and the services segments increased.

Apple spent $30 billion on dividends and share repurchases during the first quarter and now plans to pay a dividend of 25 cents per share.

Intel Corp. gained 1.8% to $20.36 despite the CPU products maker swinging to a net loss in the fourth quarter ending in December.

Revenue dropped 7% to $14.3 billion from $15.4 billion; net income swung to a loss of $153 million from a profit of $2.7 billion, and diluted loss per share was 3 cents compared to a positive 63 cents a year ago.

Intel received $1.1 billion from the Department of Commerce under the U.S. Chips and Science Act.

For the first quarter of 2025, the company estimates revenue between $11.7 billion and $12.7 billion and a loss per share of 27 cents.

Visa Inc. surged 2.1% to $343.05 after the payments company reported strong earnings for the first quarter of fiscal year 2025, driven by higher holiday results.

Revenue increased to $9.51 billion from $8.63 billion, net income climbed to $5.12 billion from $4.89 billion, and earnings per share rose to $2.58 from $2.39 a year ago.

The company’s board increased the quarterly cash dividend by 13% to 59 cents per share, and share repurchases and dividends totaled $20.9 billion for the full year.

UPS Inc. slumped 14.1% to $114.9 after the parcel delivery company reported better-than-expected earnings, but revenue fell short of market expectations in the fourth quarter.

The company reached a deal with Amazon, its largest customer, to lower shipment volume by 50% by the second half of 2026.

Revenue increased 1.5% to $25.3 billion from $24.9 billion, operating profit climbed 18.1% to $2.9 billion from $2.5 billion, and earnings per diluted share rose to $2.75 from $1.87 a year ago.

Sanmina Corp. gained 1.7% to $84.21 after the electronics manufacturing services provider beat estimates in the first quarter of 2025.

Sales increased to $2.01 billion from $1.87 billion, net income climbed to $65.0 million from $57.07 million, and earnings per diluted share rose to $1.16 from 98 cents a year ago.

Looking ahead to the second quarter, the company estimates revenue between $1.9 billion and $2.0 billion and earnings per share of $1.30 to $1.40.

As of December 28, 2024, approximately $37 million remained available under the company’s current $300 million stock repurchase program, which has no expiration date.

Qualcomm Inc. gained 1.4% to $174.30 after the intelligent computing company said financial results for its first quarter of 2025 will be released on February 5.

The company announced a quarterly cash dividend of 85 cents per share, payable on March 27 to stockholders on record as of March 6.

Exxon Mobil increased 0.7% to $110.30 after the energy company reported better-than-expected adjusted earnings and free cash flow in the fourth quarter.

Revenue declined 1.1% to $83.43 billion, adjusted earnings per share increased to $1.67 compared to an estimate of $1.55, and free cash flow was $8 billion compared to an estimate of $6.5 billion.

Chevron Corp. declined 1.1% to $154.60 after the energy company reported mixed results in the fourth quarter. 

Revenue in the quarter increased to $52.2 billion from $47.2 billion; adjusted earnings per share declined to $2.06, down from $3.45 a year ago.

Atlassian Corp. surged 19.5% to $320.01 after the project management software developer reported better-than-expected results in the fourth quarter.

Revenue in the fiscal second quarter increased 21% to $1.29 billion, and the company's fiscal third quarter revenue was ahead of market estimates.

Deckers Outdoor decreased 12.5% to $195.66 despite the parent company of Hoka and Ugg reporting better-than-expected quarterly results. 

Revenue increased 17% to $1.8 billion, net income advanced to $456.7 million from $389.9 million, and diluted earnings per share rose to $3 from $2.52 a year ago.