U.S. Movers: Asana, Oracle, Quanex Building Products, Vali Resorts

Scott Peters
11 Mar, 2025
New York City

Oracle Corp. dropped 3.3% to $143.90 after the database and cloud applications developer reported results for the fiscal third quarter of 2025.

Revenue increased 6% to $14.13 billion from $13.28 billion, net income surged 22% to $2.94 billion from $2.40 billion, and diluted earnings per share rose to $1.02 from 85 cents a year ago.

Cloud services and license support revenues were up 10% to $11.0 billion, and cloud license and on-premise license revenues were down 10% to $1.1 billion.

"Oracle signed sales contracts for more than $48 billion in the third quarter," said CEO Safra Catz. "We have now signed cloud agreements with several world-leading technology companies, including OpenAI, xAI, Meta, NVIDIA, and AMD.”

The company expects that its $130 billion sales backlog will help drive a 15% increase in the overall revenue in the next fiscal year beginning this June, and the company plans to expand both its AI training and AI inferencing businesses in the near future.

Oracle proposed a quarterly cash dividend of 50 cents per share, up 25% from the current 40 cents per share, payable on April 23 to stockholders on record as of April 10.

Vail Resorts Inc. surged 2.9% to $158.0 after the ski resort owner and operator reported results for the fiscal second quarter of 2025.

Revenue increased to $1.14 billion from $1.08 billion, net income jumped to $245.55 million from $219.30 million, and earnings per diluted share rose to $6.56 from $5.76 a year ago.

The company guided for the full-year net income to be between $257.0 million and $309.0 million, compared to $230.4 million in 2024.

Asana Inc. plunged 26.4% to $12.27 after the provider of the enterprise work management platform reported results for the fiscal fourth quarter of 2025.

Revenue increased to $188.33 million from $171.13 million, net loss shrank to $62.30 million from $62.40 million, and loss per diluted share narrowed to 27 cents from a loss of 28 cents a year ago.

The company guided for the first quarter of 2026 revenue to be between $184.5 million and $186.5 million, up 7% to 8% from $172.4 million a year ago, and non-GAAP net income per share of 2 cents, compared to a non-GAAP net loss per share of 6 cents in the same quarter in 2025.

Non-GAAP operating profit is expected to be between $2.0 million and $3.0 million, with a 1% to 2% operating margin, compared to a non-GAAP operating net loss of $15.8 million in the first quarter of 2025.

For the full year, Asana estimated revenue to be between $782.0 million and $790.0 million, up 8% to 9% from $723.88 million, and non-GAAP net income per share between 19 cents and 20 cents, compared to a non-GAAP loss per share of 13 cents in 2025.

Quanex Building Products Corp. eased 0.6% to $20.30 after the provider of fenestration, hardware, cabinetry, solar, refrigeration, security, and outdoor products reported results for the fiscal first quarter of 2025.

Net sales surged to $400 million from $239.2 million, net income swung to a loss of $14.9 million from a profit of $6.2 million, and loss per diluted share was 32 cents compared to a profit of 19 cents a year ago.

The company repurchased 150,000 shares for $3.7 million at an average price of $24.66 per share during the quarter, and as of January 31, approximately $59.1 million remained under the existing authorization.

Quanex estimated for the full year net sales to be between $1.84 billion and $1.86 billion, up from $1.28 billion a year ago, which would yield adjusted EBITDA between $270 million and $280 million, up from $182.4 million in 2024.