U.S. Movers: Airbnb, Applied Materials, DexCom, Hyatt Hotels, Moody's, Palo Alto Networks, Sony

Scott Peters
14 Feb, 2025
New York City

Sony Corp. surged 3.06% to $23.90 after the electronics and media company reported steady revenue and profit growth for the third quarter ending in December.

Total sales increased to ¥4.41 trillion from ¥3.75 trillion, net income rose to ¥373.74 billion from ¥363.92 billion, and earnings per diluted share climbed to ¥61.82 from ¥58.96 a year ago.

The company estimated full-year sales of ¥13.2 trillion ($87.6 billion) on the back of strong performance in its gaming and music business in the third quarter, and compared to ¥13.02 trillion a year ago.

Sony also raised its outlook for annual operating profit to ¥1.34 trillion ($8.8 billion), a 2% increase from the previous financial year.

Applied Materials Inc. dropped 5% to $175 after the software applications provider reported a 7% revenue growth in the first quarter ended January 26, but profit declined.

Revenue jumped 7% to $7.17 billion from $6.71 billion, net income declined 41% to $1.18 billion from $2.02 billion, and earnings per diluted share dropped 40% to $.145 from $2.41 a year ago.

For the second quarter, the company estimated revenue of $7.10 billion, compared to $6.65 billion a year ago, and non-GAAP diluted earnings per share of $2.30, compared to $2.09 a year earlier.

Non-GAAP gross margin is estimated at 48.4% in the second quarter, compared to 47.5% in the same quarter last year.

Moody's Corp. surged 4.4% to $527.48 after the financial services and credit ratings company reported strong revenue and earnings growth in the fourth quarter ending in December.

Revenue increased to $1.67 billion from $1.48 billion, net income jumped to $395 million from $340 million, and earnings per diluted share rose to $2.17 from $1.85 a year ago.

For fiscal 2025, the company estimated earnings per diluted share between $12.75 and $13.25, compared to $11.26 a year ago.

Palo Alto Networks Inc. dropped 5.1% to $191.59 after the cyber security company reported declining profit in the second quarter of 2025 ending in January.

Revenue jumped 14% to $2.26 billion from $1.97 billion, net income plunged to $267.3 million from $1.75 billion, and earnings per diluted share fell to 38 cents from $2.44 a year ago.

For the third quarter of 2025, the company estimated revenue between $2.26 billion and $2.29 billion, up 14%-15% from $2.0 billion a year ago, and non-GAAP earnings per diluted share between 76 cents and 77 cents, compared to $1.32 a year ago.

For fiscal 2025, the company expects revenue between $9.14 billion and $9.19 billion, up 14% from $8.03 billion a year ago, and non-GAAP earnings per diluted share between $3.18 and $3.24, compared to $5.67 a year earlier.

DexCom Inc.  gained 0.9% to $84.89 after the provider of monitoring systems for diabetes management reported an 8% revenue growth in the fourth quarter ending in December.

Revenue increased to $1.11 billion from $1.03 billion, net income fell to $151.7 million from $256.3 million, and earnings per diluted share dropped to 38 cents from 62 cents a year ago.

For fiscal 2025, the company estimated revenue of $4.60 billion, up 14% from $4.03 billion a year ago.

Hyatt Hotels Corp. gained 0.4% to $148.0 despite the international hotels operator reporting losses in the fourth quarter ending in December.

Revenue dropped to $1.60 billion from $1.66 billion, net income swung to a loss of $56 million from a profit of $26 million, and loss per diluted share was 58 cents, compared to a profit of 25 cents a year ago.

For fiscal 2025, the company estimated net income between $190 million and $240 million, compared to $1.30 billion a year ago, and net rooms growth between 6% and 7%, compared to 7.8% a year earlier.

Airbnb Inc. jumped 14% to $161.01, and the online vacation rental company reported sharply higher revenue and earnings in the fourth quarter.

Revenue increased to $2.48 billion from $2.22 billion, net income swung to a profit of $461 million from a net loss of $349 million, and earnings per share rose to 73 cents from a loss of 55 cents a year ago.

The company repurchased $838 million of class A common stock in the quarter, and a total of $3.4 billion worth of shares during the full year 2024.

Full-year revenue jumped to $11.10 billion from $9.92 billion, net income dropped to $2.65 billion from $4.79 billion, and earnings per diluted share declined to $4.11 from $7.24 a year ago.

For the first quarter of 2025, the company estimated revenue between $2.23 billion and $2.27 billion, below some analysts’ expectations, and compared to $2.14 billion a year ago.