U.S. Movers: Bath & Body Works, eBay, Nvidia, Lowe's, Morningstar, Salesforce.com, Snowflake, Synopsys, TJX Companies

Scott Peters
27 Feb, 2025
New York City

Lowe’s Companies Inc. gained 1.9% to $247.07 after the home improvement retailer reported higher earnings in the fourth quarter ending in January.

Net sales decreased to $18.55 billion from $18.60 billion, net earnings jumped to $1.12 billion from $1.02 billion, and earnings per diluted share rose to $1.99 from $1.77 a year ago.

Comparable sales for the quarter increased 0.2%, driven by online comparable sales, strong holiday performance, and rebuilding efforts in the wake of recent hurricanes.

The company guided fiscal 2025 sales between $83.5 billion and $84.5 billion, compared to $83.67 billion in 2024, comparable sales to be flat to up 1%, and earnings per diluted share between $12.15 and $12.40, compared to $12.23 in 2024.

TJX Companies Inc. gained 1.8% to $124.89 after the off-price department store chain reported higher comparable sales in the fourth quarter of fiscal 2025 ending in February.

Net sales dropped to $16.35 billion from $16.41 billion, net income declined to $1.39 billion from $1.40 billion, and earnings per diluted share rose to $1.23 from $1.22 a year ago.

Consolidated comparable store sales in the quarter increased 5%, well above the company’s plan, and they were driven by an increase in customer transactions.

The company returned $4.1 billion to shareholders in fiscal 2025 through share repurchases and dividends.

Snowflake Inc. surged 9.1% to $181.25 after the cloud-based data storage company reported a revenue increase in the fourth quarter of fiscal 2025 ending in January.

Revenue jumped to $986.77 million from $774.70 million, net loss expanded to $327.47 million from a loss of $169.35 million, and loss per diluted share increased to 99 cents from a loss of 51 cents a year ago.

The company guided for the first quarter of fiscal 2026 product revenue between $955 million and $960 million, an increase of 21% to 22% from the same period a year ago.

Synopsys Inc. gained 2.05% to $480.09 after the electronic design automation company reported results for the first quarter of fiscal 2025 ending in January.

Revenue declined to $1.45 billion from $1.51 billion, net income dropped to $295.68 million from $449.11 million, and earnings per diluted share fell to $1.89 from $2.89 a year ago.

The company guided for the second quarter of fiscal 2025 GAAP earnings per diluted share between $2.21 and $2.33, compared to $2.89 a year ago.

Non-GAAP earnings per diluted share are estimated between $3.37 and $3.42, compared to $3.56 in the second quarter of 2024.

Nvidia Corp. gained 0.1% to $131.40 after the artificial intelligence chipmaker reported a 78% revenue increase in the fourth quarter of fiscal 2025 ending in January.

Revenue increased 78% to $39.33 billion from $22.10 billion, net income jumped 80% to $22.09 billion from $12.28 billion, and earnings per diluted share rose 82% to 89 cents from 49 cents a year ago.

The company guided for the first quarter of 2026 revenue of $43.0 billion, plus or minus 2%, compared to $26.04 billion for the same period in fiscal 2025.

Salesforce Inc. dropped 4.7% to $292.80 after the cloud-based software company missed analyst expectations during the fourth quarter of fiscal 2025 ending in January.

Revenue increased to $9.99 billion from $9.29 billion, net income jumped to $1.71 billion from $1.45 billion, and earnings per diluted share climbed to $1.75 from $1.47 a year ago.

The company guided fiscal 2026 revenue between $40.5 billion and $40.9 billion, up 7% to 8% compared to $37.9 billion in fiscal 2025.

Subscription and support revenue is expected to increase by approximately 8.5% from the previous financial year.

Bath & Body Works Inc. dropped 3.4% to $39.68 after the specialty retailer reported lower profit for the fourth quarter of fiscal 2024 ending in December.

Net sales decreased to $2.79 billion from $2.91 billion, net income declined to $453 million from $579 million, and earnings per diluted share fell to $2.09 from $2.55 a year ago.

The company guided for the first quarter of 2025 sales growth between 1% and 3%, compared to sales of $1.38 billion a year ago, and earnings per diluted share between 36 cents and 43 cents, compared to 38 cents in the first quarter of 2024.

The guidance reflects the impact of recently enacted tariffs on goods imported from China and excludes potential impacts from other possible tariff changes.

Bath & Body Works gave authorization to repurchase up to $500 million of the company’s shares, which replaced the $120 million remaining authority under the January 2024 program.

eBay Inc. plunged 8% to $63.60 after the e-commerce company reported only a slight revenue increase for the fourth quarter ending in December.

Revenue increased 1% to $2.58 billion from $2.56 billion, net income dropped 7% to $680 million from $728 million, and earnings per diluted share remained flat at $1.40 compared to the same quarter a year ago.

The company guided first quarter of fiscal 2025 revenue between $2.52 billion and $2.56 billion, compared to $2.56 billion a year ago, and GAAP earnings per diluted share between 98 cents and $1.02, compared to 85 cents in the same quarter in 2024.

eBay proposed a cash dividend of 29 cents per share, payable on March 28 to stockholders on record as of March 14.

Morningstar Inc. traded flat at $319.96 after the financial data services company reported increased revenue in the fourth quarter ending in December.

Revenue increased 9.7% to $591.0 million from $538.7 million, consolidated net income surged 59% to $116.9 million from $73.5 million, and earnings per diluted share rose 58.5% to $2.71 from $1.71 a year ago.

In 2024, the company paid $69.3 million in dividends and repurchased $11.6 million of its shares while reducing its debt by $273.8 million.