Stock Movers: Boeing, Cadence Design, Starbucks, Visa

Scott Peters
30 Jul, 2025
New York City

Cadence Design Systems Inc. jumped 8.6% to $362.42 after the electronic design automation software developer reported a slight increase in revenue and a 30% decline in profit in the June quarter.

Consolidated revenue increased to $1.28 billion from $1.06 billion, net income dropped to $160.1 million from $229.5 million, and diluted earnings per share fell to 59 cents from 84 cents a year ago.

For the fiscal year 2025, revenue advanced to $2.51 billion from $2.07 billion, net income inched down to $433.6 billion from $477.2 billion, and diluted earnings per share edged down to $1.59 from $1.74 a year ago.

Cadence Design guided full-year revenue to be between $3.22 billion and $3.25 billion, net income between $1.08 billion and $1.1 billion, and diluted earnings per share between $3.97 and $4.07.

The company guided third-quarter revenue between $1.69 billion and $1.70 billion, compared to $1.28 billion; net income on a GAAP between $314 million and $330 million; and diluted earnings per share between $1.14 and $1.20, compared to 84 cents a quarter earlier, respectively.

Boeing Co. declined 2.7% to $230.09 despite the aerospace and defense company saying net loss shrank in the fiscal second quarter.

Consolidated revenue in the second quarter advanced 35% to $22.7 billion from $16.9 billion, net loss shrank to $612 million from $1.4 billion, and diluted losses per share eased to 92 cents from $2.33 a year ago.

For the six-month period, revenue advanced 26% to $42.2 billion from $33.4 billion, net loss dropped to $643 million from $1.8 billion, and diluted losses per share edged down to $1.73 from $4.04 a year ago.

Starbucks Corp. gained 4.3% to $97.25 after the coffee chain retailer reported a slight increase in revenue and a 47% decline in profit in the fiscal third quarter.

Revenue increased to $9,556 billion from $9,113.9 billion, net income declined to $558.3 million from $1.1 billion, and diluted earnings per share fell to 49 cents from 93 cents a year ago.

Operating income decreased to $218.4 million from $235.2 million a year earlier, respectively.

The company board declared a cash dividend of $0.61 per share, payable on August 29, 2025.

In May, the company issued a $1.75 billion bond.

U.S. comparable store sales declined by 2%, and there was a 4% decline in comparable transactions.

During the third quarter the company opened 308 net new stores.

Brian Niccol, chairman and chief executive officer, said, “In 2026, we'll unleash a wave of innovation that fuels growth, elevates customer service, and ensures everyone experiences the very best of Starbucks. We're building back a better Starbucks experience and a better business.”

Visa Inc. decreased 2.3% to $343.06 despite the payment processing company reporting an increase in revenue and earnings in the June quarter. 

Consolidated revenue in the June quarter increased 14% to $10.2 billion from $8.9 billion, net income advanced 8% to $5.3 billion from $4.9 billion, earnings per diluted share rose from $2.29 to $2.40, and operating expenses jumped 35% to $4 billion from $3 billion a year ago.

For the nine-month period, revenue advanced to $29.3 billion from $26.3 billion, net income soared to $15 billion from $14.4 billion, diluted earnings per share edged higher to $7.59 from $7.08, and operating expenses increased 26% to $11.4 billion from $9.1 billion a year ago.

During the third quarter, Visa repurchased 14 million Class A common shares for $4.8 billion at an average price of $349.24, with $29.8 billion remaining in its share repurchase authorization."

The company board declared a quarterly cash dividend of $0.590 per share of Class A common stock, payable on September 2, 2025.