- Inga Muller
- 12 Feb, 2025
- Frankfurt
Benchmark indexes in Europe hovered near record highs,, and investors reacted to the latest corporate updates.
The euro remained under pressure, and bond yields in the region retained a negative bias amid rate cut hopes.
The DAX index increased by 0.34% to 22,112.72, the CAC-40 index edged higher 0.23% to 8,047.42, and the FTSE 100 index advanced by 0.07% to 8,783.89.
The yield on 10-year German bonds inched higher to 2.44%, French bonds increased to 3.16%, the UK gilts moved up to 4.60%, and Italian bonds edged higher to 3.53%.
Europe Stock Movers
ABN AMRO Bank NV gained 6% to €17.50 after the Dutch lender's fourth quarter profit surpassed market expectations.
Banco BPM SpA increased 0.6% to €8.97 after the Italian lender posted strong fourth quarter results and lifted its targeted profit and payout ratio to investors.
Kering SA advanced 4% to €258.10 and extended its two-day gain to over 10% after the Paris-based luxury fashion group reported better-than-expected financial results.
Heineken NV jumped 12.2% to €76.46 after the Dutch brewing company reported a 7.3% increase in net income and announced a two-year stock repurchase plan.
The alcoholic beverage company said net profit advanced 7.3% to €2.7 billion, driven by a 1.6% increase in beer sales volume.
The company said it plans to repurchase its own stock worth €1.5 billion over the next two years.
Siemens Energy advanced 1.3% to €58.0 after the wind turbine and gas and power equipment maker reported a decline in net profit in the fiscal first half, but the order book swelled to €131 billion.
TeamViewer SE jumped 5.3% to €12.47 after the remote access and support software company said profit in the fourth quarter increased because of an increase in revenue and subscribers.
Barratt Redrow jumped 4.8% to 458.30 pence after the UK-based home builder estimated annual earnings closer to the upper end of the market estimate.
Revenue in the fiscal first half ending in December rose 23% to £2.3 billion from £1.9 billion, net profit before tax increased 23% to £117.2 million from £95.2 million, and basic earnings per share decreased 18.3% to 5.8 pence from 7.1 pence a year ago.
The residential construction company completed 6,846 homes, 10.9% higher than 6,171 homes in the corresponding period a year ago.
The home builder launched a £50 million stock repurchase plan starting in February and ending no later than June 30.
Recent Earnings Movers
TUI AG dropped 10.8% to €7.60 after the travel operator reported revenue growth in the first quarter of 2025 ending in December, but new bookings slowed.
Revenue increased 12% to €4.87 billion from €4.30 billion, net loss shrank to €30.4 million from a loss of €83.5 million, and loss per share recovered to 17 cents from 24 cents a year ago.
Revenue in the hotels and resorts segment grew 13.8% to €510.2 million from €448.4 million, and in cruises they were up 5.4% to €175.9 million from €166.8 million a year earlier.
Sales in the holiday experiences segment jumped 13.8% to €697.8 million from €613.4 million, in the amusement segment they were up 16.8% to €313.6 million from €268.6 million, and in markets and airline they increased 13.2% to €4.17 billion from €3.69 billion a year ago.
For fiscal 2025, the company estimated revenue growth between 5% and 10%, compared to €23.17 billion last year, and EBIT to increase between 7% and 10%, compared to €1.30 billion in 2024.
TUI also expects strong Easter sales, with a €30 million phasing effect from the holidays shifting to the third quarter.
Stora Enso dropped 5.9% to €9.75 despite the Finnish and Swedish forest industry company reporting revenue growth in the fourth quarter ending in December.
Revenue climbed 6.8% to €2.32 billion from €2.17 billion, net loss widened to €379 million from a loss of €325 million, and loss per diluted share expanded to 43 cents from a loss of 36 cents a year ago.
The company proposed a dividend of 13 cents per share, payable on April 2 to holders on record as of March 24.
In addition, the board will propose a dividend of 25 cents per share, payable in two installments, during the second and fourth quarter of 2025.
For fiscal 2025, the company estimated capital expenditure between €730 million and €790 million, compared to the 2024 estimate between €1.03 billion and €1.13 billion.
Schindler Holding AG gained 0.6% to CHF 256.50 after the Swiss elevators and escalators manufacturer reported declining revenue for fiscal year 2024.
Revenue decreased to CHF 11.24 billion from CHF 11.49 billion, net profit climbed to CHF 1.01 billion from CHF 935 million, and earnings per diluted share rose to CHF 8.82 from CHF 8.04 a year ago.
For fiscal 2025, the company estimated low single-digit revenue growth in local currency terms, as new construction continues to decline, while modernization and services grow.
The company proposed a cash dividend of CHF 6.0 per share, in-line with its dividend policy to share its earnings between 50% and 80% to share with investors.
Order backlog declined 2.2% to CHF 8.6 billion at the end of 2024, when measured in local currencies.
For 2025, the company estimated revenue to increase in "low single-digit" and EBIT margin of around 12%.
Schindler launched a stock repurchase program worth CHF 500 million, which started on November 6, 2024, and will last until November 5, 2026.
Siemens Energy AG dropped 0.3% to €57.10 after the German energy company reported lower orders in the first quarter of 2025.
Revenue increased 18.4% to €8.94 billion from €7.65 billion, net income plunged 84.1% to €252 million from €1.58 billion, and earnings per diluted share dropped to 23 cents from €1.78 a year ago.
Total orders decreased 11.1% to €13.67 billion from €15.38 billion a year ago, impacted by a 37.9% decline in grid technologies, an 11.3% drop in the transformation of industry segment, and a slowdown in Germany and China.
However, revenue in Germany rose 31.1% to €969 million from €739 million, and in China sales grew 11.8% to €421 million from €376 million a year ago.
For the full year 2025, the company estimated comparable revenue growth between 8% and 10%, net income around break-even, and a profit margin before special items between 3% and 5%.
The company expects the demerger of its energy business from Siemens Ltd, India to be completed in 2025.
Siemens Energy expects revenue growth in all of its business segments, except for the Gamesa division, where comparable revenue growth is expected to decrease between 9% and 5%, and a loss before special items of around €1.3 billion.
- Bridgette Randall
- 12 Feb, 2025
- London
Stock market indexes in Europe advanced, and investors reacted to the latest earnings results.
Benchmark indexes in Frankfurt and London hovered at new record highs, and indexes in Paris and Milan edged higher in active trading.
Investors retained positive bias despite the region's weak macroeconomic outlook as corporate results continue to show improvements.
However, investors worried that the ongoing slowdown in China's economy and the widening tariff war launched by the U.S. could negatively impact corporate results in 2025.
For now, investors bid up stocks in the hopes that the European Central Bank will deliver additional rate cuts and Chinese leadership will implement previously announced fiscal stimulus measures to revive the property market and economic growth.
Closer to home, the largest economy in the eurozone, Germany, is struggling to expand its exports amid growing competition from China and tariff headwinds in the U.S.
Germany's gross domestic product is likely to register less than a 0.5% increase in 2025, as consumers battle with high prices, stagnant wages, and elevated interest rates.
Europe Indexes and Yields
The DAX index increased by 0.34% to 22,112.72, the CAC-40 index edged higher 0.23% to 8,047.42, and the FTSE 100 index advanced by 0.07% to 8,783.89.
The yield on 10-year German bonds inched higher to 2.44%, French bonds increased to 3.16%, the UK gilts moved up to 4.60%, and Italian bonds edged higher to 3.53%.
The euro increased to $1.04; the British pound was lower at $1.24; and the U.S. dollar was lower and traded at 91.04 Swiss cents.
Brent crude decreased $0.78 to $76.21 a barrel, and the Dutch TTF natural gas was higher by €0.17 to €49.91 per MWh.
Europe Stock Movers
ABN AMRO Bank NV gained 6% to €17.50 after the Dutch lender's fourth quarter profit surpassed market expectations.
Banco BPM SpA increased 0.6% to €8.97 after the Italian lender posted strong fourth quarter results and lifted its targeted profit and payout ratio to investors.
Kering SA advanced 4% to €258.10 and extended its two-day gain to over 10% after the Paris-based luxury fashion group reported better-than-expected financial results.
Heineken NV jumped 12.2% to €76.46 after the Dutch brewing company reported a 7.3% increase in net income and announced a two-year stock repurchase plan.
The alcoholic beverage company said net profit advanced 7.3% to €2.7 billion, driven by a 1.6% increase in beer sales volume.
The company said it plans to repurchase its own stock worth €1.5 billion over the next two years.
Siemens Energy advanced 1.3% to €58.0 after the wind turbine and gas and power equipment maker reported a decline in net profit in the fiscal first half, but the order book swelled to €131 billion.
TeamViewer SE jumped 5.3% to €12.47 after the remote access and support software company said profit in the fourth quarter increased because of an increase in revenue and subscribers.
Baratt Redrow jumped 4.8% to 458.30 pence after the UK-based home builder estimated annual earnings closer to the upper end of the market estimate.
Revenue in the fiscal first half ending in December rose 23% to £2.3 billion from £1.9 billion, net profit before tax increased 23% to £117.2 million from £95.2 million, and basic earnings per share decreased 18.3% to 5.8 pence from 7.1 pence a year ago.
The residential construction company completed 6,846 homes, 10.9% higher than 6,171 homes in the corresponding period a year ago.
The home builder launched a £50 million stock repurchase plan starting in February and ending no later than June 30.
- Bridgette Randall
- 12 Feb, 2025
- London
Stock market indexes in Europe advanced, and investors reacted to the latest earnings results.
Benchmark indexes in Frankfurt and London hovered at new record highs, and indexes in Paris and Milan edged higher in active trading.
Investors retained positive bias despite the region's weak macroeconomic outlook as corporate results continue to show improvements.
However, investors worried that the ongoing slowdown in China's economy and the widening tariff war launched by the U.S. could negatively impact corporate results in 2025.
For now, investors bid up stocks in the hopes that the European Central Bank will deliver additional rate cuts and Chinese leadership will implement previously announced fiscal stimulus measures to revive the property market and economic growth.
Closer to home, the largest economy in the eurozone, Germany, is struggling to expand its exports amid growing competition from China and tariff headwinds in the U.S.
Germany's gross domestic product is likely to register less than a 0.5% increase in 2025, as consumers battle with high prices, stagnant wages, and elevated interest rates.
Europe Indexes and Yields
The DAX index increased by 0.34% to 22,112.72, the CAC-40 index edged higher 0.23% to 8,047.42, and the FTSE 100 index advanced by 0.07% to 8,783.89.
The yield on 10-year German bonds inched higher to 2.44%, French bonds increased to 3.16%, the UK gilts moved up to 4.60%, and Italian bonds edged higher to 3.53%.
The euro increased to $1.04; the British pound was lower at $1.24; and the U.S. dollar was lower and traded at 91.04 Swiss cents.
Brent crude decreased $0.78 to $76.21 a barrel, and the Dutch TTF natural gas was higher by €0.17 to €49.91 per MWh.
Europe Stock Movers
ABN AMRO Bank NV gained 6% to €17.50 after the Dutch lender's fourth quarter profit surpassed market expectations.
Banco BPM SpA increased 0.6% to €8.97 after the Italian lender posted strong fourth quarter results and lifted its targeted profit and payout ratio to investors.
Kering SA advanced 4% to €258.10 and extended its two-day gain to over 10% after the Paris-based luxury fashion group reported better-than-expected financial results.
Heineken NV jumped 12.2% to €76.46 after the Dutch brewing company reported a 7.3% increase in net income and announced a two-year stock repurchase plan.
The alcoholic beverage company said net profit advanced 7.3% to €2.7 billion, driven by a 1.6% increase in beer sales volume.
The company said it plans to repurchase its own stock worth €1.5 billion over the next two years.
Siemens Energy advanced 1.3% to €58.0 after the wind turbine and gas and power equipment maker reported a decline in net profit in the fiscal first half, but the order book swelled to €131 billion.
TeamViewer SE jumped 5.3% to €12.47 after the remote access and support software company said profit in the fourth quarter increased because of an increase in revenue and subscribers.
Baratt Redrow jumped 4.8% to 458.30 pence after the UK-based home builder estimated annual earnings closer to the upper end of the market estimate.
Revenue in the fiscal first half ending in December rose 23% to £2.3 billion from £1.9 billion, net profit before tax increased 23% to £117.2 million from £95.2 million, and basic earnings per share decreased 18.3% to 5.8 pence from 7.1 pence a year ago.
The residential construction company completed 6,846 homes, 10.9% higher than 6,171 homes in the corresponding period a year ago.
The home builder launched a £50 million stock repurchase plan starting in February and ending no later than June 30.
- Akira Ito
- 12 Feb, 2025
- Tokyo
Investors bid up stocks in Tokyo trading following positive earnings from leading corporations.
The Nikkei 225 increased 0.5%, and the broader TOPIX edged up a fraction after investors returned from a holiday.
Market sentiment was positive after Fujikura and SoftBank reported financial results.
The yen weakened to 153.75 against the U.S. dollar after Bank of Japan Governor Kazuo Ueda did not clarify the future rate path in a presentation to lawmakers.
Investors remained cautious amid rising trade tensions with the U.S., and Trade Minister Yoji Muto formally requested exemption from the latest 25% tariffs on steel and aluminum products scheduled to go into effect on March 4.
On the economic front, machine tool orders increased 4.7% to 116.2 billion yen in January, slowing from an 11.2% increase in December.
Orders advanced for the fourth consecutive month, as foreign orders increased 4.7% to 84.2 billion yen and domestic orders gained 4.5% to 31.99 billion yen.
The monthly data were released by the Japan Machine Tool Builders' Association on Wednesday.
Japan Indexes and Stocks
The Nikkei 225 Stock Average increased 0.5% to 38,963.70, and the broader TOPIX advanced a fraction to 2,733.33.
Fujikura Ltd soared 10.4% to ¥7,366.0 after the electric equipment company reported strong financial results for the nine-month period ending in December.
Revenue increased 18.7% to 711 billion yen, ordinary profit soared 85.8% to 95.8 billion yen, and diluted earnings per share rose to 214.20 yen from 129.79 yen a year ago.
For the third quarter, sales increased 27% to 267.5 billion yen, and net income advanced to 30.4 billion yen from 10.6 billion yen a year ago.
The company raised its full-year revenue forecast to 940 billion yen from 880 billion yen and net income to 74 billion yen compared to 62 billion yen estimated earlier, respectively.
SoftBank advanced 3.8% to ¥9,856.0 after the company released its nine-month financial results.
Revenue in the nine-month period ending in December increased 6% to 5.3 trillion yen, net income swung to a profit of 1.05 trillion yen from a loss of 119.7 billion yen, and diluted earnings per share advanced to an income of 425.30 yen compared to a loss of 328.78 yen a year ago.
The results included investment gains of 2.2 trillion yen compared to a loss of 538.9 billion yen in the previous year's period.
- Akira Ito
- 12 Feb, 2025
- Tokyo
Investors bid up stocks in Tokyo trading following positive earnings from leading corporations.
The Nikkei 225 increased 0.5%, and the broader TOPIX edged up a fraction after investors returned from a holiday.
Market sentiment was positive after Fujikura and SoftBank reported financial results.
The yen weakened to 153.75 against the U.S. dollar after Bank of Japan Governor Kazuo Ueda did not clarify the future rate path in a presentation to lawmakers.
Investors remained cautious amid rising trade tensions with the U.S., and Trade Minister Yoji Muto formally requested exemption from the latest 25% tariffs on steel and aluminum products scheduled to go into effect on March 4.
On the economic front, machine tool orders increased 4.7% to 116.2 billion yen in January, slowing from an 11.2% increase in December.
Orders advanced for the fourth consecutive month, as foreign orders increased 4.7% to 84.2 billion yen and domestic orders gained 4.5% to 31.99 billion yen.
The monthly data were released by the Japan Machine Tool Builders' Association on Wednesday.
Japan Indexes and Stocks
The Nikkei 225 Stock Average increased 0.5% to 38,963.70, and the broader TOPIX advanced a fraction to 2,733.33.
Fujikura Ltd soared 10.4% to ¥7,366.0 after the electric equipment company reported strong financial results for the nine-month period ending in December.
Revenue increased 18.7% to 711 billion yen, ordinary profit soared 85.8% to 95.8 billion yen, and diluted earnings per share rose to 214.20 yen from 129.79 yen a year ago.
For the third quarter, sales increased 27% to 267.5 billion yen, and net income advanced to 30.4 billion yen from 10.6 billion yen a year ago.
The company raised its full-year revenue forecast to 940 billion yen from 880 billion yen and net income to 74 billion yen compared to 62 billion yen estimated earlier, respectively.
SoftBank advanced 3.8% to ¥9,856.0 after the company released its nine-month financial results.
Revenue in the nine-month period ending in December increased 6% to 5.3 trillion yen, net income swung to a profit of 1.05 trillion yen from a loss of 119.7 billion yen, and diluted earnings per share advanced to an income of 425.30 yen compared to a loss of 328.78 yen a year ago.
The results included investment gains of 2.2 trillion yen compared to a loss of 538.9 billion yen in the previous year's period.
- Li Chen
- 12 Feb, 2025
- Hong Kong
Stock market indexes in China and Hong Kong extended gains, and investors piled into leading technology companies.
The Hang Seng index jumped nearly 2%, and the CSI 300 index advanced a fraction as mainland China investors increased their leading tech companies trading in Hong Kong.
Alibaba Group, Tencent Holdings, Xiaomi Corp., and SMIC led the gainers in Hong Kong for the second week in a row amid persistent buying by mainland investors.
Mainland institutional investors increased exposure to tech stocks trading in Hong Kong in the hopes that the affordable access to artificial intelligence will improve earnings growth in the near term.
Individual investors increased their exposure to stocks denominated in Hong Kong dollars amid worries of yuan devaluation.
Mainland-China-based funds purchased a total of HK $1.38 billion worth of stocks on Stock Connect through February 11, according to the latest data available from exchanges.
China-based funds invested a total of HK $807.9 billion in 2024 in Hong Kong stock, a record high since the launch of the cross-border investing link in 2014.
Wall Street indexes wavered around the flatline after Fed Chair Powell confirmed that inflation is slowing but remains above the long-term target rate.
Market participants were cautiously optimistic after Chairman Powell confirmed that the U.S. economy is on solid footing and the labor market remains strong, and the central bank is in no hurry to lower rates in the near future.
However, on Wall Street, benchmark indexes struggled to advance amid growing fears of a wider trade war sparked by the chaotic Trump administration and fears of resurgent inflation.
Higher interest rates in the U.S. will keep rates higher in Hong Kong because of the currency's linked status with the U.S. dollar, which could negatively impact the housing market.
China Indexes and Stocks
The Hang Seng index jumped 1.9% to 21,697.58, and the mainland-focused CSI 300 Index advanced 0.2% to 3,890.54.
Alibaba Group Holding surged 7.4% to HK $112.60, Tencent Holdings Ltd. advanced 2.7% to HK $438.80, SMIC gained 4.5% to HK $47.30, and Xiaomi Corp. added 3.3% to HK $43.95.
Guming Holdings was nearly unchanged after the bubble tea maker listed its stock on the Hong Kong Exchange.
Guming traded at HK $9.32 after the company sold 182 million shares priced at HK $9.94 per share and raised HK $1.72 billion or $220 million.
The company operates 9,778 premium-tea stores in smaller cities in China.
CATL Co. Ltd. increased 1.8% to ¥255.30 after the battery maker for electric vehicle filed to list its stock on the Hong Kong Exchange.
- Li Chen
- 12 Feb, 2025
- Hong Kong
Stock market indexes in China and Hong Kong extended gains, and investors piled into leading technology companies.
The Hang Seng index jumped nearly 2%, and the CSI 300 index advanced a fraction as mainland China investors increased their leading tech companies trading in Hong Kong.
Alibaba Group, Tencent Holdings, Xiaomi Corp., and SMIC led the gainers in Hong Kong for the second week in a row amid persistent buying by mainland investors.
Mainland institutional investors increased exposure to tech stocks trading in Hong Kong in the hopes that the affordable access to artificial intelligence will improve earnings growth in the near term.
Individual investors increased their exposure to stocks denominated in Hong Kong dollars amid worries of yuan devaluation.
Mainland-China-based funds purchased a total of HK $1.38 billion worth of stocks on Stock Connect through February 11, according to the latest data available from exchanges.
China-based funds invested a total of HK $807.9 billion in 2024 in Hong Kong stock, a record high since the launch of the cross-border investing link in 2014.
Wall Street indexes wavered around the flatline after Fed Chair Powell confirmed that inflation is slowing but remains above the long-term target rate.
Market participants were cautiously optimistic after Chairman Powell confirmed that the U.S. economy is on solid footing and the labor market remains strong, and the central bank is in no hurry to lower rates in the near future.
However, on Wall Street, benchmark indexes struggled to advance amid growing fears of a wider trade war sparked by the chaotic Trump administration and fears of resurgent inflation.
Higher interest rates in the U.S. will keep rates higher in Hong Kong because of the currency's linked status with the U.S. dollar, which could negatively impact the housing market.
China Indexes and Stocks
The Hang Seng index jumped 1.9% to 21,697.58, and the mainland-focused CSI 300 Index advanced 0.2% to 3,890.54.
Alibaba Group Holding surged 7.4% to HK $112.60, Tencent Holdings Ltd. advanced 2.7% to HK $438.80, SMIC gained 4.5% to HK $47.30, and Xiaomi Corp. added 3.3% to HK $43.95.
- Arun Goswami
- 12 Feb, 2025
- Mumbai
Dalal Street indexes extended losses for the sixth consecutive session amid rising global trade tensions and worry of a resurgent inflation.
The Sensex index declined by 1.1% to 75,446.89, and the Nifty index decreased by 1.1% to 22,829.70.
On the Mumbai stock exchange, 15 stocks traded at their 52-week highs, and 590 stocks traded at their 52-week lows.
The yield on the 10-year Indian government bonds inched lower to 6.7%, and the Indian rupee hovered near a record low and traded at 86.55 against the U.S. dollar.
Indian Railway Catering and Tourism Corporation Ltd. plunged 2.9% to ₹729.55 despite the ticketing, catering, and tourism services provider reporting an increase in revenue and earnings.
Consolidated revenue increased to ₹1,281.2 crore from ₹1,161.1 crore, after-tax profit rose to ₹341.1 crore from ₹300 crore, and diluted earnings per share jumped to ₹4.26 from ₹3.75 a year ago.
The company's board declared a second interim dividend of ₹3 per share.
NBCC (India) Ltd. decreased 0.6% to ₹84.81 despite the real estate development company reporting a 7% increase in the fiscal third quarter ending in December.
Consolidated revenue increased to ₹2,882.2 crore from ₹2,482.4 crore, net income rose to ₹142.4 crore from ₹113.6 crore, and diluted earnings per share advanced to 51 paisa from 41 paisa a year ago.
The company declared an interim dividend of 53 paisa per share.
Berger Paints India Ltd. increased 0.9% to ₹480, and the paint maker reported a 3% rise in revenue and a marginal decline in net income in the December quarter.
Consolidated revenue increased to ₹2,995.3 crore from ₹2,900.7 crore, after-tax profit fell to ₹295.97 crore from ₹300.16 crore, and diluted earnings per share decreased to ₹2.53 from ₹2.57 a year ago.
Grasim Industries Ltd. decreased 1.3% to ₹2,458.90, and the diversified company reported a slight increase in revenue and a 29% decline in profit in the December quarter.
Consolidated revenue increased to ₹35,161.8 crore from ₹32,222 crore, net income dropped to ₹1,844.3 crore from ₹2,603.4 crore, and diluted earnings per share fell to ₹13.47 from ₹22.99 a year ago.
Procter & Gamble Hygiene & Health Care dropped 1.3% to ₹13,750 despite the company reporting a 17% increase in the fiscal third quarter earnings ending in December.
Consolidated revenue increased to ₹1,246.3 crore from ₹1,149 crore, after-tax profit rose to ₹268 crore from ₹228.9 crore, and diluted earnings per share jumped to ₹82.74 from ₹70.51 a year ago.
The company declared an interim dividend for the financial year 2025 of ₹110 per share, payable on or before March 7.
Devyani International Ltd. fell 3.9% to ₹163.25 despite the food and beverage company reporting an increase in revenue and profit in the latest quarter.
Consolidated revenue increased to ₹1,303.4 crore from ₹847.7 crore, net income jumped to ₹76.46 crore from ₹50.7 crore, and diluted earnings per share fell to 4 paisa from 15 paisa a year ago.
Khadim India Ltd. declined 7.2% to ₹302 after the footwear maker reported a slight increase in revenue and a 33% decline in profit in the December quarter.
Consolidated revenue increased to ₹164.6 crore from ₹157.9 crore, after-tax profit fell to ₹1.2 crore from ₹1.8 crore, and diluted earnings per share decreased to 63 paisa from ₹1.01 a year ago.
Zee Media Corporation Limited decreased 2% to ₹14.13, and the media company reported a 38% plunge in quarterly profit.
Consolidated revenue declined to ₹160.8 crore from ₹170.5 crore, net income decreased to ₹22.4 crore from ₹35.9 crore, and diluted earnings per share fell to 36 paisa from 57 paisa a year ago.
- Arun Goswami
- 12 Feb, 2025
- Mumbai
Dalal Street indexes extended losses for the sixth consecutive session amid rising global trade tensions and worry of a resurgent inflation.
The Sensex index declined by 1.1% to 75,446.89, and the Nifty index decreased by 1.1% to 22,829.70.
On the Mumbai stock exchange, 15 stocks traded at their 52-week highs, and 590 stocks traded at their 52-week lows.
The yield on the 10-year Indian government bonds inched lower to 6.7%, and the Indian rupee hovered near a record low and traded at 86.55 against the U.S. dollar.
Indian Railway Catering and Tourism Corporation Ltd. plunged 2.9% to ₹729.55 despite the ticketing, catering, and tourism services provider reporting an increase in revenue and earnings.
Consolidated revenue increased to ₹1,281.2 crore from ₹1,161.1 crore, after-tax profit rose to ₹341.1 crore from ₹300 crore, and diluted earnings per share jumped to ₹4.26 from ₹3.75 a year ago.
The company's board declared a second interim dividend of ₹3 per share.
NBCC (India) Ltd. decreased 0.6% to ₹84.81 despite the real estate development company reporting a 7% increase in the fiscal third quarter ending in December.
Consolidated revenue increased to ₹2,882.2 crore from ₹2,482.4 crore, net income rose to ₹142.4 crore from ₹113.6 crore, and diluted earnings per share advanced to 51 paisa from 41 paisa a year ago.
The company declared an interim dividend of 53 paisa per share.
Berger Paints India Ltd. increased 0.9% to ₹480, and the paint maker reported a 3% rise in revenue and a marginal decline in net income in the December quarter.
Consolidated revenue increased to ₹2,995.3 crore from ₹2,900.7 crore, after-tax profit fell to ₹295.97 crore from ₹300.16 crore, and diluted earnings per share decreased to ₹2.53 from ₹2.57 a year ago.
Grasim Industries Ltd. decreased 1.3% to ₹2,458.90, and the diversified company reported a slight increase in revenue and a 29% decline in profit in the December quarter.
Consolidated revenue increased to ₹35,161.8 crore from ₹32,222 crore, net income dropped to ₹1,844.3 crore from ₹2,603.4 crore, and diluted earnings per share fell to ₹13.47 from ₹22.99 a year ago.
Procter & Gamble Hygiene & Health Care dropped 1.3% to ₹13,750 despite the company reporting a 17% increase in the fiscal third quarter earnings ending in December.
Consolidated revenue increased to ₹1,246.3 crore from ₹1,149 crore, after-tax profit rose to ₹268 crore from ₹228.9 crore, and diluted earnings per share jumped to ₹82.74 from ₹70.51 a year ago.
The company declared an interim dividend for the financial year 2025 of ₹110 per share, payable on or before March 7.
Devyani International Ltd. fell 3.9% to ₹163.25 despite the food and beverage company reporting an increase in revenue and profit in the latest quarter.
Consolidated revenue increased to ₹1,303.4 crore from ₹847.7 crore, net income jumped to ₹76.46 crore from ₹50.7 crore, and diluted earnings per share fell to 4 paisa from 15 paisa a year ago.
Khadim India Ltd. declined 7.2% to ₹302 after the footwear maker reported a slight increase in revenue and a 33% decline in profit in the December quarter.
Consolidated revenue increased to ₹164.6 crore from ₹157.9 crore, after-tax profit fell to ₹1.2 crore from ₹1.8 crore, and diluted earnings per share decreased to 63 paisa from ₹1.01 a year ago.
Zee Media Corporation Limited decreased 2% to ₹14.13, and the media company reported a 38% plunge in quarterly profit.
Consolidated revenue declined to ₹160.8 crore from ₹170.5 crore, net income decreased to ₹22.4 crore from ₹35.9 crore, and diluted earnings per share fell to 36 paisa from 57 paisa a year ago.
- Alexander Garcia
- 11 Feb, 2025
- Miami
Wall Street indexes wavered around the flatline after Fed Chair Powell confirmed that inflation is slowing but remains above the long-term target rate.
Market participants were cautiously optimistic after Chairman Powell confirmed that the U.S. economy is on solid footing and the labor market remains strong, and the central bank is in no hurry to lower rates in the near future.
However, on Wall Street, benchmark indexes struggled to advance amid growing fears of a wider trade war sparked by the chaotic Trump administration and fears of resurgent inflation.
The S&P 500 index decreased 0.2%, and the Nasdaq Composite declined 0.6% after the latest salvo of Trump tariffs targeted steel and aluminum imports.
Wall Street indexes traded down in the early hours amid growing worries that the chaotic and unpredictable Trump administration could launch a wider trade war, halting global economic growth and making the U.S. economy more vulnerable to recession.
The latest 25% tariffs on steel and aluminum product imports appear to be driven by motivation to force two neighbors, Canada and Mexico, to toe the White House's line and have little basis in trade economics or the need of the U.S. consumers.
The latest version of the announced tariff will cover steel and aluminum shipments from all countries, including key suppliers, Brazil, South Korea, China, Japan, and the European Union.
The European Union said it plans to announce its retaliatory tariffs in the near future, and other countries are also looking for ways to impose their retaliatory measures.
European Union Commission President Ursula von der Leyen said in a statement released on Monday, “Unjustified tariffs on the EU will not go unanswered—they will trigger firm and proportionate countermeasures.”
The growing prospects of a wider trade war are also going to be on the minds of lawmakers as Federal Reserve Chairman Jerome Powell is scheduled to appear before the Senate Banking Committee later today and the House Financial Services Committee on Wednesday.
Fed Chair Powell's testimony will start at 10:00 a.m. for both appearances.
The ever-widening set of tariffs and the expanding set of trade partners covered by higher trade barriers is certainly going to stoke inflation, making the Fed policymakers job harder.
The Federal Reserve is likely to hold off on any imminent rate cuts in the near future until solid evidence emerges that inflation is still on a sustainable downward slide towards the 2% target rate.
U.S. Indexes and Treasury Yields
The S&P 500 index decreased 0.24% to 6,051.80, the Nasdaq Composite edged down 0.6% to 19,598.92, and the Russell 2000 index was down 0.5% to 2,276.74.
The yield on 2-year Treasury notes edged higher to 4.30%, 10-year Treasury notes increased to 4.54%, and 30-year Treasury bonds advanced to 4.75%.
WTI crude oil increased $1.14 to $73.46 a barrel, and natural gas prices edged higher by $0.08 to $3.53 a thermal unit.
Gold decreased by $20.09 to 2,897.44 an ounce, and silver edged down by $0.45 to $31.62.
The dollar index, which weighs the US currency against a basket of foreign currencies, decreased 0.12 to 108.21 and traded at a two-year high.
U.S. Stock Movers
Vertex Pharmaceuticals Inc. dropped 0.4% to $467.98 after the biotech company posted lower income in the fourth quarter ending in December.
Astera Labs Inc. dropped 4.5% to $98.65 despite the provider of fabric switches for artificial intelligence products reporting strong fourth-quarter sales and profit growth.
Lattice Semiconductor Corp. surged 13.9% to $62.04 despite the maker of low-power field-programmable gate arrays reporting weak fourth-quarter results.
The stock jumped in trading because the company's revenues were ahead of some investors' estimates.
Coca-Cola Company jumped 6.8% to $66.97 after the beverage maker's fourth quarter revenue and earnings surpassed market expectations, driven by higher prices and a slight increase in case volumes.
European Markets Hover Near Record Highs Amid Earnings Optimism
Stock market indexes in Europe hovered near recent highs as investors focused on the latest batch of positive earnings.
Benchmark indexes in Frankfurt, Paris, Milan, and London wavered around the flatline, and more than 50 companies reported earnings in the currency union.
Investors reacted to the latest quarterly results from BP plc, Kering SA, UniCredit SpA, and ams-OSRAM.
Thyssenkrupp and Salzgitter dropped 1% after the U.S. announced a 25% tariff on all imports of steel and aluminum products beginning March 4.
The latest round of tariffs appears to placate the most extreme wing of the Republican Party, and the proposed import tax will stoke inflation and provide another reason for the Federal Reserve to hold higher interest rates for longer.
France's Jobless Rate Edged Lower In Fourth Quarter
Closer to home, France's jobless rate unexpectedly dropped marginally in the fourth quarter.
The unemployment rate decreased to 7.3% from 7.4% in the third quarter, according to the latest data released by INSEE, France's statistical office.
The number of unemployed people declined by 63,000 from the previous quarter to 2.3 million.
The unemployment rate in the age group between 15 and 24, the so-called youth jobless rate, edged down by 0.8 percentage point to 19%.
The jobless rate in the age group between 25 and 49 eased by 0.1 percentage point to 6.5%, and for those above the age of 50 and over, it increased by 0.1 percentage point to 4.8%.
Europe Indexes and Yields
The DAX index increased by 0.10% to 21,934.27, the CAC-40 index edged lower 0.05% to 8,001.99; and the FTSE 100 index advanced by 0.05% to 8,772.53.
The yield on 10-year German bonds inched higher to 2.41%, French bonds increased to 3.14%, the UK gilts moved up to 4.60%, and Italian bonds edged higher to 3.51%.
The euro increased to $1.03; the British pound was lower at $1.24; and the U.S. dollar was higher and traded at 91.29 Swiss cents.
Brent crude increased $1.08 to $76.95 a barrel, and the Dutch TTF natural gas was higher by €0.17 to €49.91 per MWh.
Europe Stock Movers
Novartis AG was nearly unchanged at CHF 96.94, and the Swiss pharmaceutical company agreed to acquire Anthos Therapeutics for $3.1 billion.
BP plc decreased 0.6% to 462.30 pence, and the British oil company reported a steep decline in profit in the fourth quarter.
UniCredit SpA decreased 2.8% to €45.93, and the Italian bank estimated a moderate decline in net interest margin in 2025 and reported better-than-expected 2024 earnings.
Kering SA increased 1.1% to €246.90 after the Paris-based luxury group posted better-than-expected revenue in the fourth quarter.
Entain PLC plunged 10.5% to 667.32 pence after the UK-based online gambling company's chief executive Gavin Issacs stepped down immediately after six months in the office.
ams-OSRAM AG jumped 16.8% to CHF 7.95, and the Austrian semiconductor company posted weak sales in the first quarter but held out for a strong recovery in automotive electronics in the fiscal second half.
Chinese Companies Look Beyond U.S. Tariffs, Stock Indexes Half Four-Month Rally
Stock market indexes in China and Hong Kong dropped, and investors reviewed the latest round of new tariffs announced by the U.S.
The Hang Seng index and CSI index dropped about 0.6% in choppy trading after the U.S. announced 25% tariffs on steel and aluminum imports with "no exemptions or exceptions."
The U.S. imports most of its steel products from Canada, Brazil, China, and South Korea.
The steel tariffs are slated to be imposed from March 4, and they will be in addition to 10% tariffs on all Chinese imports.
The Trump administration is looking to raise additional federal government revenue, and the tax on imports is the new source that the administration has identified.
The tariffs on imports, which are indirect taxes and paid by all Americans, provide a new source of government revenue as the Trump administration prepares to pass a tax cut for wealthy donors who bankrolled his presidential election.
Chinese manufacturers have accelerated their plans to diversify their manufacturing base away from China and stepped up their efforts to increase shipments to other countries and regions in the world.
Over the last six years, Chinese companies have increased their manufacturing presence in Mexico, Vietnam, the ASEAN region, Hungary, and Brazil.
The offshore Chinese yuan hovered near 7.30 against the U.S. dollar as the U.S. launched a new round of tariffs targeting products shipped by China, Canada, Mexico, and Brazil.
China Stock Movers
The Hang Seng index declined 0.6% to 21,404.70, and the CSI 300 index dropped 0.5% to 3,883.22.
Electric vehicle makers traded down on the worries that the next set of tariffs on Chinese imports will include advanced electronic products.
Li Auto declined 5% to HK $100.20, BYD dropped 0.2% to HK $329.60, Xpeng plunged 9% to HK $62.05, and Geely Automobile Holding declined 10.5% to HK $15.82.
Separately, BYD said it plans to install autopilot systems on almost all of its models as early as this year.
Zijin Mining Group advanced 1.7% to HK $16.42 after the international spot price of gold advanced and traded at a new record high of $2,910.85.
- Alexander Garcia
- 11 Feb, 2025
- Miami
Wall Street indexes wavered around the flatline after Fed Chair Powell confirmed that inflation is slowing but remains above the long-term target rate.
Market participants were cautiously optimistic after Chairman Powell confirmed that the U.S. economy is on solid footing and the labor market remains strong, and the central bank is in no hurry to lower rates in the near future.
However, on Wall Street, benchmark indexes struggled to advance amid growing fears of a wider trade war sparked by the chaotic Trump administration and fears of resurgent inflation.
The S&P 500 index decreased 0.2%, and the Nasdaq Composite declined 0.6% after the latest salvo of Trump tariffs targeted steel and aluminum imports.
Wall Street indexes traded down in the early hours amid growing worries that the chaotic and unpredictable Trump administration could launch a wider trade war, halting global economic growth and making the U.S. economy more vulnerable to recession.
The latest 25% tariffs on steel and aluminum product imports appear to be driven by motivation to force two neighbors, Canada and Mexico, to toe the White House's line and have little basis in trade economics or the need of the U.S. consumers.
The latest version of the announced tariff will cover steel and aluminum shipments from all countries, including key suppliers, Brazil, South Korea, China, Japan, and the European Union.
The European Union said it plans to announce its retaliatory tariffs in the near future, and other countries are also looking for ways to impose their retaliatory measures.
European Union Commission President Ursula von der Leyen said in a statement released on Monday, “Unjustified tariffs on the EU will not go unanswered—they will trigger firm and proportionate countermeasures.”
The growing prospects of a wider trade war are also going to be on the minds of lawmakers as Federal Reserve Chairman Jerome Powell is scheduled to appear before the Senate Banking Committee later today and the House Financial Services Committee on Wednesday.
Fed Chair Powell's testimony will start at 10:00 a.m. for both appearances.
The ever-widening set of tariffs and the expanding set of trade partners covered by higher trade barriers is certainly going to stoke inflation, making the Fed policymakers job harder.
The Federal Reserve is likely to hold off on any imminent rate cuts in the near future until solid evidence emerges that inflation is still on a sustainable downward slide towards the 2% target rate.
U.S. Indexes and Treasury Yields
The S&P 500 index decreased 0.24% to 6,051.80, the Nasdaq Composite edged down 0.6% to 19,598.92, and the Russell 2000 index was down 0.5% to 2,276.74.
The yield on 2-year Treasury notes edged higher to 4.30%, 10-year Treasury notes increased to 4.54%, and 30-year Treasury bonds advanced to 4.75%.
WTI crude oil increased $1.14 to $73.46 a barrel, and natural gas prices edged higher by $0.08 to $3.53 a thermal unit.
Gold decreased by $20.09 to 2,897.44 an ounce, and silver edged down by $0.45 to $31.62.
The dollar index, which weighs the US currency against a basket of foreign currencies, decreased 0.12 to 108.21 and traded at a two-year high.
U.S. Stock Movers
Vertex Pharmaceuticals Inc. dropped 0.4% to $467.98 after the biotech company posted lower income in the fourth quarter ending in December.
Astera Labs Inc. dropped 4.5% to $98.65 despite the provider of fabric switches for artificial intelligence products reporting strong fourth-quarter sales and profit growth.
Lattice Semiconductor Corp. surged 13.9% to $62.04 despite the maker of low-power field-programmable gate arrays reporting weak fourth-quarter results.
The stock jumped in trading because the company's revenues were ahead of some investors' estimates.
Coca-Cola Company jumped 6.8% to $66.97 after the beverage maker's fourth quarter revenue and earnings surpassed market expectations, driven by higher prices and a slight increase in case volumes.
European Markets Hover Near Record Highs Amid Earnings Optimism
Stock market indexes in Europe hovered near recent highs as investors focused on the latest batch of positive earnings.
Benchmark indexes in Frankfurt, Paris, Milan, and London wavered around the flatline, and more than 50 companies reported earnings in the currency union.
Investors reacted to the latest quarterly results from BP plc, Kering SA, UniCredit SpA, and ams-OSRAM.
Thyssenkrupp and Salzgitter dropped 1% after the U.S. announced a 25% tariff on all imports of steel and aluminum products beginning March 4.
The latest round of tariffs appears to placate the most extreme wing of the Republican Party, and the proposed import tax will stoke inflation and provide another reason for the Federal Reserve to hold higher interest rates for longer.
France's Jobless Rate Edged Lower In Fourth Quarter
Closer to home, France's jobless rate unexpectedly dropped marginally in the fourth quarter.
The unemployment rate decreased to 7.3% from 7.4% in the third quarter, according to the latest data released by INSEE, France's statistical office.
The number of unemployed people declined by 63,000 from the previous quarter to 2.3 million.
The unemployment rate in the age group between 15 and 24, the so-called youth jobless rate, edged down by 0.8 percentage point to 19%.
The jobless rate in the age group between 25 and 49 eased by 0.1 percentage point to 6.5%, and for those above the age of 50 and over, it increased by 0.1 percentage point to 4.8%.
Europe Indexes and Yields
The DAX index increased by 0.10% to 21,934.27, the CAC-40 index edged lower 0.05% to 8,001.99; and the FTSE 100 index advanced by 0.05% to 8,772.53.
The yield on 10-year German bonds inched higher to 2.41%, French bonds increased to 3.14%, the UK gilts moved up to 4.60%, and Italian bonds edged higher to 3.51%.
The euro increased to $1.03; the British pound was lower at $1.24; and the U.S. dollar was higher and traded at 91.29 Swiss cents.
Brent crude increased $1.08 to $76.95 a barrel, and the Dutch TTF natural gas was higher by €0.17 to €49.91 per MWh.
Europe Stock Movers
Novartis AG was nearly unchanged at CHF 96.94, and the Swiss pharmaceutical company agreed to acquire Anthos Therapeutics for $3.1 billion.
BP plc decreased 0.6% to 462.30 pence, and the British oil company reported a steep decline in profit in the fourth quarter.
UniCredit SpA decreased 2.8% to €45.93, and the Italian bank estimated a moderate decline in net interest margin in 2025 and reported better-than-expected 2024 earnings.
Kering SA increased 1.1% to €246.90 after the Paris-based luxury group posted better-than-expected revenue in the fourth quarter.
Entain PLC plunged 10.5% to 667.32 pence after the UK-based online gambling company's chief executive Gavin Issacs stepped down immediately after six months in the office.
ams-OSRAM AG jumped 16.8% to CHF 7.95, and the Austrian semiconductor company posted weak sales in the first quarter but held out for a strong recovery in automotive electronics in the fiscal second half.
Chinese Companies Look Beyond U.S. Tariffs, Stock Indexes Half Four-Month Rally
Stock market indexes in China and Hong Kong dropped, and investors reviewed the latest round of new tariffs announced by the U.S.
The Hang Seng index and CSI index dropped about 0.6% in choppy trading after the U.S. announced 25% tariffs on steel and aluminum imports with "no exemptions or exceptions."
The U.S. imports most of its steel products from Canada, Brazil, China, and South Korea.
The steel tariffs are slated to be imposed from March 4, and they will be in addition to 10% tariffs on all Chinese imports.
The Trump administration is looking to raise additional federal government revenue, and the tax on imports is the new source that the administration has identified.
The tariffs on imports, which are indirect taxes and paid by all Americans, provide a new source of government revenue as the Trump administration prepares to pass a tax cut for wealthy donors who bankrolled his presidential election.
Chinese manufacturers have accelerated their plans to diversify their manufacturing base away from China and stepped up their efforts to increase shipments to other countries and regions in the world.
Over the last six years, Chinese companies have increased their manufacturing presence in Mexico, Vietnam, the ASEAN region, Hungary, and Brazil.
The offshore Chinese yuan hovered near 7.30 against the U.S. dollar as the U.S. launched a new round of tariffs targeting products shipped by China, Canada, Mexico, and Brazil.
China Stock Movers
The Hang Seng index declined 0.6% to 21,404.70, and the CSI 300 index dropped 0.5% to 3,883.22.
Electric vehicle makers traded down on the worries that the next set of tariffs on Chinese imports will include advanced electronic products.
Li Auto declined 5% to HK $100.20, BYD dropped 0.2% to HK $329.60, Xpeng plunged 9% to HK $62.05, and Geely Automobile Holding declined 10.5% to HK $15.82.
Separately, BYD said it plans to install autopilot systems on almost all of its models as early as this year.
Zijin Mining Group advanced 1.7% to HK $16.42 after the international spot price of gold advanced and traded at a new record high of $2,910.85.
- Scott Peters
- 11 Feb, 2025
- New York City
Vertex Pharmaceuticals Inc. dropped 0.4% to $467.98 after the biotech company posted lower income in the fourth quarter ending in December.
Revenue increased to $2.91 billion from $2.52 billion, net income dropped to $913.0 million from $968.8 million, and earnings per diluted share fell to $3.50 from $3.71 a year ago.
Revenue growth was primarily driven by the continued performance of TRIKAFTA/KAFTRIO, a prescription medicine used for cystic fibrosis treatment.
For fiscal 2025, the company estimated revenue between $11.75 billion and $12.0 billion, compared to $11.02 billion in 2024.
Astera Labs Inc. dropped 4.5% to $98.65 despite the plug-and-play data network switches for artificial intelligence servers provider reporting strong fourth-quarter results.
Revenue increased to $141.1 million from $50.5 million, net income jumped to $24.7 million from $14.3 million, and earnings per diluted share rose to 14 cents from zero cents a year ago.
For the first quarter of 2025, the company estimated revenue between $151 million and $155 million, compared to $65.3 million in the same quarter last year, and GAAP earnings per diluted share between 3 cents and 4 cents, compared to a loss of $1.77 a year ago.
Lattice Semiconductor Corp. surged 13.9% to $62.04 despite the maker of low-power field-programmable gate arrays reporting weak fourth-quarter results.
Revenue declined by 31.2% to $117.4 million from $170.6 million, net income slumped 83.3% to $16.5 million from $98.7 million, and earnings per diluted share dropped to 12 cents from 71 cents a year ago.
For the first quarter of 2025, the company estimated revenue between $115 million and $125 million, compared to $140.8 million in the same quarter last year, and non-GAAP earnings per share between 20 cents and 24 cents, compared to 29 cents a year ago.
The company’s board authorized the repurchase of an additional $100 million of its outstanding common stock through the end of December 2025.
The company has repurchased approximately 6 million shares since the fourth quarter of 2020, thereby reducing dilution by 4.3%.
Coca-Cola Company jumped 6.8% to $66.97 after the beverage maker’s fourth quarter revenue and earnings surpassed market expectations, driven by higher prices and a slight increase in case volumes.
Revenue increased 6% to $11.54 billion from $10.85 billion, net income jumped 11% to $2.19 billion from $1.97 billion, and earnings per diluted share rose 12% to 51 cents from 46 cents a year ago.
For fiscal year 2025, the company estimated organic revenue growth between 5% and 6% and comparable earnings per share growth between 2% and 3%, versus $2.88 in 2024.
Coty Inc. dropped 2.4% to $6.61 after the cosmetics company reported slower sales in the second quarter of fiscal 2025 ending in December.
Revenue declined to $1.67 billion from $1.73 billion, net income fell to $23.7 million from $180.9 million, and earnings per diluted share dropped to 2 cents from 20 cents a year ago.
Sales in the company’s Prestige segment decreased 1% to $1.12 billion from $1.23 billion, and in Consumer Beauty revenue was down 8% to $553.8 million from $605.0 million a year earlier.
In the first half of 2025, the Europe, Middle East, and Africa region represented 49% of total sales, the Americas stake was 40%, and Asia Pacific took a 40% share.
In full year 2025, the company estimated declining sales in the low single digits percentage, impacted by a weakness in China and Travel Retail Asia.
The company expects same-store sales in the second half of 2025 to drop between 1% and 2%.
- Scott Peters
- 11 Feb, 2025
- New York City
Vertex Pharmaceuticals Inc. dropped 0.4% to $467.98 after the biotech company posted lower income in the fourth quarter ending in December.
Revenue increased to $2.91 billion from $2.52 billion, net income dropped to $913.0 million from $968.8 million, and earnings per diluted share fell to $3.50 from $3.71 a year ago.
Revenue growth was primarily driven by the continued performance of TRIKAFTA/KAFTRIO, a prescription medicine used for the treatment of cystic fibrosis.
For fiscal 2025, the company estimated revenue between $11.75 billion and $12.0 billion, compared to $11.02 billion in 2024.
Astera Labs Inc. dropped 4.5% to $98.65 despite the provider of plug-and-play data network switches for artificial intelligence servers reporting strong fourth-quarter sales and profit growth.
Revenue increased to $141.1 million from $50.5 million, net income jumped to $24.7 million from $14.3 million, and earnings per diluted share rose to 14 cents from zero cents a year ago.
For the first quarter of 2025, the company estimated revenue between $151 million and $155 million, compared to $65.3 million in the same quarter last year, and GAAP earnings per diluted share between 3 cents and 4 cents, compared to a loss of $1.77 a year ago.
Lattice Semiconductor Corp. surged 13.9% to $62.04 despite the maker of low-power field-programmable gate arrays reporting weak fourth-quarter results.
Revenue declined to 31.2% to $117.4 million from $170.6 million, net income slumped 83.3% to $16.5 million from $98.7 million, and earnings per diluted share dropped to 12 cents from 71 cents a year ago.
For the first quarter of 2025, the company estimated revenue between $115 million and $125 million, and earnings per share between 20 cents and 24 cents.
The company’s board authorized the repurchase of an additional $100 million of its outstanding common stock through the end of December 2025.
The company has repurchased approximately 6 million shares since the fourth quarter of 2020, thereby reducing dilution by 4.3%.
- Barry Adams
- 11 Feb, 2025
- New York City
Wall Street indexes traded down in the early hours amid growing worries that the chaotic and unpredictable Trump administration could launch a wider trade war, halting global economic growth and pushing the U.S. economy towards a recession.
The S&P 500 index decreased 0.1%, and the Nasdaq Composite declined 0.3% after the latest salvo of Trump tariffs targeted steel and aluminum imports.
The latest 25% tariffs on steel and aluminum product imports appear to be driven by motivation to force two neighbors, Canada and Mexico, to toe the White House's line and have little basis in trade economics or the need of the U.S. consumers.
The latest version of the announced tariff will cover steel and aluminum shipments from all countries, including key suppliers, Brazil, South Korea, China, Japan, and the European Union.
The European Union said it plans to announce its retaliatory tariffs in the near future, and other countries are also looking for ways to impose their retaliatory measures.
European Union Commission President Ursula von der Leyen said in a statement released on Monday, “Unjustified tariffs on the EU will not go unanswered—they will trigger firm and proportionate countermeasures.”
The growing prospects of a wider trade war are also going to be on the minds of lawmakers as Federal Reserve Chairman Jerome Powell is scheduled to appear before the Senate Banking Committee later today and the House Financial Services Committee on Wednesday.
Fed Chair Powell's testimony will start at 10:00 a.m. for both appearances.
The ever-widening set of tariffs and the expanding set of trade partners covered by higher trade barriers is certainly going to stoke inflation, making the Fed policymakers job harder.
The Federal Reserve is likely to hold off on any imminent rate cuts in the near future until solid evidence emerges that inflation is still on a sustainable downward slide towards the 2% target rate.
U.S. Stock Movers
Vertex Pharmaceuticals Inc. dropped 0.4% to $467.98 after the biotech company posted lower income in the fourth quarter ending in December.
Astera Labs Inc. dropped 4.5% to $98.65 despite the provider of fabric switches for artificial intelligence products reporting strong fourth-quarter sales and profit growth.
Lattice Semiconductor Corp. surged 13.9% to $62.04 despite the maker of low-power field-programmable gate arrays reporting weak fourth-quarter results.
The stock jumped in trading because the company's revenues were ahead of some investors' estimates.
Coca-Cola Company jumped 6.8% to $66.97 after the beverage maker's fourth quarter revenue and earnings surpassed market expectations, driven by higher prices and a slight increase in case volumes.
- Barry Adams
- 11 Feb, 2025
- New York City
Wall Street indexes traded down in the early hours amid growing worries that the chaotic and unpredictable Trump administration could launch a wider trade war, halting global economic growth and pushing the U.S. economy towards a recession.
The S&P 500 index decreased 0.1%, and the Nasdaq Composite declined 0.3% after the latest salvo of Trump tariffs targeted steel and aluminum imports.
The latest 25% tariffs on steel and aluminum product imports appear to be driven by motivation to force two neighbors, Canada and Mexico, to toe the White House's line and have little basis in trade economics or the need of the U.S. consumers.
The latest version of the announced tariff will cover steel and aluminum shipments from all countries, including key suppliers, Brazil, South Korea, China, Japan, and the European Union.
The European Union said it plans to announce its retaliatory tariffs in the near future, and other countries are also looking for ways to impose their retaliatory measures.
European Union Commission President Ursula von der Leyen said in a statement released on Monday, “Unjustified tariffs on the EU will not go unanswered—they will trigger firm and proportionate countermeasures.”
The growing prospects of a wider trade war are also going to be on the minds of lawmakers as Federal Reserve Chairman Jerome Powell is scheduled to appear before the Senate Banking Committee later today and the House Financial Services Committee on Wednesday.
Fed Chair Powell's testimony will start at 10:00 a.m. for both appearances.
The ever-widening set of tariffs and the expanding set of trade partners covered by higher trade barriers is certainly going to stoke inflation, making the Fed policymakers job harder.
The Federal Reserve is likely to hold off on any imminent rate cuts in the near future until solid evidence emerges that inflation is still on a sustainable downward slide towards the 2% target rate.
U.S. Stock Movers
Vertex Pharmaceuticals Inc. dropped 0.4% to $467.98 after the biotech company posted lower income in the fourth quarter ending in December.
Astera Labs Inc. dropped 4.5% to $98.65 despite the provider of fabric switches for artificial intelligence products reporting strong fourth-quarter sales and profit growth.
Lattice Semiconductor Corp. surged 13.9% to $62.04 despite the maker of low-power field-programmable gate arrays reporting weak fourth-quarter results.
The stock jumped in trading because the company's revenues were ahead of some investors' estimates.
Coca-Cola Company jumped 6.8% to $66.97 after the beverage maker's fourth quarter revenue and earnings surpassed market expectations, driven by higher prices and a slight increase in case volumes.