U.S. Movers: GE Vernova, Check Point Software, Intuitive Surgical, Tesla

Scott Peters
23 Apr, 2025
New York City

Tesla Inc. surged 5.4% to $250.80 after the electric vehicle maker reported first-quarter 2025 results.

Revenue declined to $19.33 billion from $21.30 billion, net income edged down to $409 million from $1.39 billion, and diluted earnings per share fell to 12 cents from 41 cents a year ago.

The decline in revenue came with fewer vehicle deliveries, in part due to the Model Y update across all four vehicle factories, the company said in a release to investors.

Furthermore, the average selling price also dropped, and the company experienced growth in energy generation, storage, and services.

Intuitive Surgical Inc. eased 0.8% to $474.70 after the medical devices company reported first-quarter 2025 results.

Revenue surged to $2.25 billion from $1.89 billion, net income jumped to $698.4 million from $544.9 million, and diluted earnings per share rose to $1.92 from $1.51 a year ago.

The company guided fiscal 2025 worldwide da Vinci procedure growth to be between 15% and 17%, compared to 17% in 2024, including an estimated impact of tariffs of 1.7% of revenue, plus or minus 30 basis points.

GE Vernova Inc. surged 8.3% to $353.0 after the electric power system provider reported first-quarter 2025 results.

Revenue jumped 11% to $8.03 billion from $7.26 billion, net income swung to a profit of $264 million compared to a loss of $106 million, and diluted earnings per share swung to a profit of 91 cents compared to a loss of 47 cents a year ago.

The company guided fiscal 2025 revenue to be between $36 billion and $37 billion, compared to $34.93 billion in 2024; adjusted EBITDA margin to be in the high-single-digit percentage; and free cash flow between $2.0 billion and $2.5 billion.

“The guidance includes the impact of tariffs as currently outlined and resulting inflation, which is estimated to be approximately $300 million to $400 million, net of mitigating actions,” the company said in a release to investors.

The energy company proposed a dividend of 25 cents per share for the second quarter, payable on May 16 to stockholders on record as of April 18.

In addition, GE Vernova repurchased approximately 4 million shares for $1.2 billion in the first quarter and approximately 1 million shares for $0.3 billion from April 1 to April 17, at a total year-to-date average price of $299.

Check Point Software Technologies Ltd. gained 1.6% to $215.79 after the cybersecurity solutions provider reported first-quarter 2025 results.

Revenue increased to $637.8 million from $598.8 million, net income jumped to $190.9 million from $183.9 million, and diluted earnings per share rose to $1.71 from $1.60 a year ago.