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Johnson Controls Stock Leads S&P Gainers on New CEO, Solid Q1 Results
Investopedia· 2025-02-05 16:46
Key TakeawaysJohnson Controls shares led the S&P 500's gainers Wednesday morning after the company's first-quarter results beat expectations.The company's revenue and profits rose year-over-year, and its outlook for second-quarter and full-year earnings also topped estimates.The industrial manufacturer also announced Joakim Weidemanis as its new CEO, who will take over the top job in March. Shares of Johnson Controls International (JCI) surged to lead S&P 500 gainers on Wednesday morning after the company's ...
Chipotle Stock Slips on Soft Sales, Potential Impact of Threatened Tariffs
Investopedia· 2025-02-05 16:01
Key TakeawaysChipotle Mexican Grill shares fell Wednesday, a day after it missed revenue and same-store sales estimates, and tried to downplay concerns about the effects of possible U.S. tariffs.The Mexican fast-casual restaurant chain's sales got a boost from the addition of 119 new locations in the quarter.Chipotle said if the tariffs are put into effect, it would impact cost of sales by 60 basis points. Shares of Chipotle Mexican Grill (CMG) slipped Wednesday, a day after the Mexican fast-casual restaura ...
Mattel Stock Jumps as Toymaker Looks to Supply Chain, Prices to Limit Tariffs Threat
Investopedia· 2025-02-05 14:11
Core Insights - Mattel's shares rose over 12% in premarket trading following the announcement of plans to mitigate tariff threats and a positive sales forecast for 2025 [2][6] - The company expects 2025 net sales to grow by 2% to 3% compared to a 1.1% decline in 2024 sales, with adjusted EPS guidance between $1.66 and $1.72 [2][3] Tariff Mitigation Strategies - Mattel plans to leverage its supply chain and implement price increases to counteract the impact of new U.S. tariffs on imports from China, Mexico, and Canada [3][6] - UBS analysts noted that the guidance for EPS growth despite tariffs was unexpected, suggesting that Mattel may shift some production out of China and optimize its supply chain [4][6] Production and Sales Performance - The company sources toys from seven countries, with China expected to account for less than 40% of production this year, and no single country projected to exceed 25% of total global production by 2027 [5] - In the fourth quarter, Mattel reported a 2% year-over-year increase in net sales to $1.65 billion and adjusted EPS of 35 cents, surpassing consensus estimates [5]
Uber Stock Sinks as Operating Income Falls Well Short of Estimates
Investopedia· 2025-02-05 12:49
Core Insights - Uber Technologies reported a net income of $6.88 billion, or $3.21 per share, on revenue of $11.96 billion, significantly exceeding analysts' revenue expectations of $11.76 billion but falling short on profit estimates [1][2] - The company's operating income of $770 million was well below the expected $1.21 billion, leading to a nearly 7% drop in shares following the report [2] - Gross bookings reached $44.2 billion with 3.07 billion trips, both figures surpassing analyst expectations, indicating strong operational performance despite the income miss [3] Financial Performance - Net income: $6.88 billion, or $3.21 per share [1] - Revenue: $11.96 billion, compared to expected $11.76 billion [1] - Operating income: $770 million, missing estimates of $1.21 billion [2] - Adjusted EBITDA: $1.84 billion, slightly below expectations [2] Operational Metrics - Gross bookings: $44.2 billion, exceeding the expected $43.48 billion [3] - Total trips: 3.07 billion, higher than the anticipated 3.02 billion [3] - Year-over-year trips growth: 18%, compared to 17% in the previous quarter [3]
Disney Stock Rises as Q1 Profit, Revenue Top Estimates
Investopedia· 2025-02-05 12:25
Shares of The Walt Disney Co. (DIS) rose in premarket trading Wednesday after the entertainment giant reported fiscal 2025 first-quarter results above analysts' expectations. Disney posted net income of $2.55 billion, or $1.40 per share, on revenue of $24.69 billion. Analysts had expected $2.38 billion, or $1.31 per share, on revenue of $24.63 billion, per Visible Alpha. Disney's Direct-to-Consumer (DTC) business reported an operating profit of $293 million. The unit became profitable in the prior two quar ...
Novo Nordisk Stock Rises as Q4 Wegovy Sales More Than Double
Investopedia· 2025-02-05 11:20
KEY TAKEAWAYSNovo Nordisk's U.S.-listed shares are rising 4% in premarket trading after the Ozempic and Wegovy maker's better-than-estimated quarterly results offset slower 2025 sales growth projections amid "intensifying competition."The Danish firm is projecting 2025 sales growth of 16% to 24% at constant exchange rates, below the 26% growth it produced in 2024.Novo Nordisk said it plans to file for the first regulatory approval for its weight-loss drug CagriSema during the first quarter of 2026. Novo Nor ...
Watch These AMD Stock Price Levels After Post-Earnings Plunge
Investopedia· 2025-02-05 03:35
Key TakeawaysAMD shares fell 9% in extended trading Tuesday after the chipmaker reported data center sales figures that came in below Wall Street estimates.The stock has trended sharply lower within a descending channel since falling below the 200-day moving average in October last year.Investors should watch major support levels on AMD's chart around $110, $95, and $81, while also monitoring a key overhead area near $130. Advanced Micro Devices (AMD) topped Wall Street’s fourth-quarter profit and revenue e ...
Google Parent Alphabet Plans to Spend $75B This Year, as Big Tech Goes All in on AI
Investopedia· 2025-02-05 01:30
Key TakeawaysGoogle parent Alphabet said it plans to spend $75 billion in capital expenditures this year, as it expands capacity to meet demand for AI.CFO Anat Ashkenazi said a majority of that spending would go toward technical infrastructure, such as servers and data centers.The announcement comes after Microsoft and Meta also said they would commit tens of billions of dollars in capital expenditures to support their AI ambitions. Google parent Alphabet (GOOGL) said it plans to invest $75 billion in capit ...
AMD's Data Center Revenue Hits Record High But Misses Expectations
Investopedia· 2025-02-04 23:00
Advanced Micro Devices (AMD) posted fourth-quarter revenue and adjusted earnings that beat expectations, but data center sales came up short. The chipmaker's revenue grew 24% year-over-year to a record $7.66 billion, above the analyst consensus compiled by Visible Alpha. Earnings came in at $482 million, or 29 cents per share, down from $667 million, or 41 cents per share, a year earlier, falling short of expectations. However, on an adjusted basis, AMD's earnings of $1.78 billion, or $1.09 per share, beat ...
Google Parent Alphabet's Stock Slides as Cloud Revenue Disappoints
Investopedia· 2025-02-04 22:01
Group 1 - Alphabet reported fourth-quarter earnings of $96.47 billion, a 12% year-over-year growth, and earnings of $26.54 billion, or $2.15 per share, exceeding analyst projections [1][2] - Google Cloud revenue grew 30% to $11.96 billion but fell short of expectations, alongside the Search & Other segment revenue of $54.03 billion [2] - Alphabet plans to invest approximately $75 billion in capital expenditures in 2025 to enhance its progress [2] Group 2 - Chinese regulators initiated an antitrust investigation into Google in response to new U.S. tariffs, with most of Google's services already banned in China [3] - Following the earnings release, Alphabet's Class A shares dropped nearly 7% in extended trading, despite closing at a record high of $206.38, reflecting a 43% increase over the past 12 months [3]