U.S. Movers: CubeSmart, Dell Technologies, Heico, Intuit, Redfin

Scott Peters
03 Mar, 2025
New York City

Intuit Inc. eased 0.1% to $613.0 after the financial software company reported strong results for the fiscal second quarter of 2025 ending in January.

Revenue increased to $3.96 billion from $3.39 billion, net income jumped to $471 million from $353 million, and earnings per diluted share rose to $1.67 from $1.25 a year ago.

The company guided for the third quarter of 2025 revenue between $7.55 billion and $7.60 billion, up 12% to 13% from $6.74 billion a year ago, and GAAP diluted earnings per share between $9.22 and $9.28, compared to $8.42 in the same quarter in fiscal 2024.

For the full fiscal 2025, Intuit estimated revenue between $18.16 billion and $18.35 billion, up 12% to 13% from $16.28 billion in the previous fiscal year, and GAAP diluted earnings per share between $12.34 and $12.54, up 18% to 20% from $16.94 a year ago.

Intuit repurchased 1,125,520 shares during the quarter, representing 0.4% for $717.83 million.

With this, the company completed the repurchase of 15,351,821 shares, representing 5.49% for approximately $7.72 billion under the buyback announced on August 23, 2018.

Intuit has $3.6 billion remaining on its share repurchase authorization.

Dell Technologies Inc. gained 0.4% to $103.18 after the computer products and services provider reported revenue growth in the fourth quarter of fiscal 2025 ending in January.

Revenue increased 7% to $23.93 billion from $22.32 billion, net income surged 27% to $1.53 billion from $1.21 billion, and earnings per diluted share rose 30% to $2.15 from $1.66 a year ago.

Dell said it sold about $10 billion of AI-optimized servers in its fiscal 2025 and expects to sell about $15 billion in AI system sales in the current year.

The company’s Infrastructure Solutions Group, its server division, saw sales rise 22% to $11.35 billion in the quarter, up from $9.33 billion a year ago.

Dell’s client solutions group, its biggest business, saw sales rise only 1% to $11.88 billion from $11.71 billion a year ago, due to a sluggish laptop market.

The company guided for the first quarter of fiscal 2026 revenue between $22.5 billion and $23.5 billion, up 3% from $22.2 billion a year ago, and GAAP diluted earnings per share at $1.29, compared to $1.32 in the same quarter in fiscal 2025.

For the full fiscal 2026, Dell Technologies estimated revenue between $101.0 billion and $105.0 billion, up 8% from $95.6 billion a year ago, and GAAP diluted earnings per share at $7.85, up 23% from $6.38 in fiscal 2025.

The company announced a cash dividend increase of 18% and a $10 billion increase in share repurchase authorization for fiscal 2025.

Redfin Corp. eased 0.14% to $6.67 after the real estate brokerage company and mortgage broker provider reported increased revenue in the fourth quarter of 2024 ending in December, and net loss widened.

Revenue increased to $244.28 million from $218.08 million, net loss deepened to $36.73 million from a loss of $23.11 million, and loss per diluted share widened to 29 cents from a loss of 20 cents a year ago.

The company guided for the first quarter of fiscal 2025 revenue between $214 million and $225 million, compared to $225.5 million a year ago, and a net loss between $94 million and $83 million, compared to a loss of $66.8 million in the same period in 2024.

Adjusted EBITDA loss is estimated between $39 million and $32 million, compared to an adjusted EBITDA loss of $27.6 million a year ago.

HEICO Corp. traded flat at $264.68 after the aerospace and electronics company reported strong results for the first quarter of fiscal 2025 ending in January.

Net sales jumped to $1.03 billion from $896.36 million, net income surged to $167.95 million from $114.70 million, and earnings per diluted share rose to $1.20 from 82 cents a year ago.

The company said that the continued increases in commercial aerospace product sales have resulted in eighteen consecutive quarters of sequential growth in the Flight Support Group segment.

CubeSmart L.P. dropped 2.9% to $41.28 after the storage facility-focused real estate company reported lower revenue in the fourth quarter of 2024.

Same-store sales declined 1.6% to $231.41 million from $235.16 million, same-store net income fell to $101.89 million from $113.14 million, and earnings per diluted share dropped to 45 cents from 50 cents a year ago.

The company guided for the first quarter of 2025 earnings per diluted share between 35 cents and 37 cents, compared to 42 cents per share in the same period in 2024.

CubeSmart proposed a quarterly dividend of 52 cents per share, payable on April 15 to shareholders on record as of April 1.

This is an increase of 2% to an annualized rate of $2.08 per share from the previous annualized rate of $2.04 per share.