Stock Movers: Intuit, Walmart, Zoom Communications

Scott Peters
22 Aug, 2025
New York City

Walmart Inc. dropped 4.9% to $97.59 despite the retailer reporting a 52% increase in net income in the fiscal second quarter ending in July. 

Consolidated revenue increased 4.8% to $177.4 billion from $169.3 billion, net income jumped 51.8% to $7.02 billion from $4.5 billion, and diluted earnings per share rose to 88 cents from 56 cents a year ago.

"We've continued to see our costs increase each week, which we expect will continue into the third and fourth quarters," said CEO Doug McMillon on an earnings call with investors. 

But broadly speaking, shopper behavior hasn't changed drastically because of higher tariffs, McMillon added. 

Walmart returned a total of $6.2 billion to shareholders through the repurchase of 67.4 million shares.

The general merchandise retailer guided fiscal third-quarter net sales to increase between 3.75% and 4.75%, operating income to rise between 3% and 6%, and adjusted earnings per share to range between $0.58 and $0.60.

The company guided full-year net sales to increase between 3.75% and 4.75%, operating income to rise between 3.5% and 5.5%, and adjusted earnings per share to range between $2.52 and $2.62.

The retail giant, which imports about one-third of its goods from overseas, said it is absorbing higher import duties for now, helping it to gain market share and increase sales. 

Walmart U.S. sales, excluding fuel sales, rose 4.8% to $120.9 billion, driven by a rise of 4.6% in comparable same-store sales, a total transaction increase of 1.5%, and an advance of 3.1% in average ticket sales. 

Intuit Inc. declined 5.6% to $659 despite the financial technology platform operator’s net income swinging to a profit in the fiscal fourth quarter.

Consolidated revenue inched higher to $3.8 billion from $3.2 billion, net income swung to a profit of $381 million from a loss of $20 million, and diluted income per share swung to a profit of $1.35 from a loss of 7 cents a year ago.

Intuit repurchased $2.8 billion of its stock during the fiscal year; additionally, the board approved a new $3.2 billion share repurchase authorization, increasing the company’s total authorized repurchases to $5.3 billion.

The company's board approved a quarterly dividend of $1.20 per share, payable on October 17 to shareholders on record on 

As of July 31, the company reported a total cash and investments balance of approximately $4.6 billion and total debt of $6.0 billion.

Intuit provided GAAP guidance for the fiscal first-quarter revenue to be between $3.74 billion and $3.78 billion, operating income between $440 million and $460 million, and diluted earnings per share between $1.19 and $1.26.

Intuit provided non-GAAP guidance for the fiscal first-quarter revenue to be between $3.74 billion and $3.78 billion, operating income between $1.15 billion and $3.18 million, and diluted earnings per share between $3.05 and $3.12.

Intuit provided GAAP guidance for full-year revenue to be between $21 billion and $21.2 billion, operating income between $5.78 billion and $5.86 billion, and diluted earnings per share between $15.49 and $15.69.

The software and the lending company estimated non-GAAP full-year revenue to be between $21 billion and $21.2 billion, operating income between $8.61 billion and $8.69 billion, and diluted earnings per share to range between $22.98 and $23.18.

Zoom Communications Inc. jumped 5.7% to $77.35 after the communication platform operator reported an 8% rise in its earnings in the fiscal second quarter ending in July. 

Consolidated revenue edged higher to $1.22 billion from $1.16 billion, net income advanced to $471.3 million from $436.4 million, and diluted earnings per share rose to $1.16 from 70 cents a year ago.

Zoom Communications guided third-quarter revenue to be between $1,210 million and $1,215 million, non-GAAP operating income between $465 million and $470 million, and non-GAAP earnings per share between $1.42 and $1.44.

Zoom Communications guided full-year revenue to be between $4.82 billion and $4.83 billion, non-GAAP operating income between $1.91 billion and $1.92 billion, and non-GAAP earnings per share between $5.81 and $5.84.