- Scott Peters
- 26 Jul, 2025
- New York City
Tesla Inc. surged 8.2% to $305.30 after the electric vehicle maker reported second-quarter 2025 results.
Revenue decreased to $22.5 billion from $25.5 billion, net income declined to $1.2 billion from $1.4 billion, and diluted earnings per share fell to 33 cents from 40 cents a year ago.
The company struggled with electric vehicle sales, and chief executive Vaibhav Taneja highlighted economic and regulatory challenges in the months ahead.
"The One Big Bill has a lot of changes that would affect our business in the near term," Taneja said on the earnings call to investors.
The company's revenues are likely to be lower in the third quarter as the government's subsidies to purchase new electric vehicles expire, and the new tax and spend bill eliminates the fines for not meeting fuel economy targets.
Tesla derives significant revenues from selling its regulatory credits to competitors, as other electric vehicle makers prefer to purchase credit instead of paying fines.
The new tax and spending bill eliminates the fines, essentially killing the regulatory credit marketplace operated by Tesla.
In the second quarter, Tesla's total vehicle revenue fell 16%, while energy generation and storage revenue decreased 7%, but services and other revenue jumped by 17%.
Union Pacific Corp. dropped 2% to $224.82 after the railroad shipment company reported second quarter 2025 results.
Revenue increased 2% to $6.1 billion from $6 billion, net income jumped 12% to $1.8 billion from $1.6 billion, and diluted earnings per share rose to $3.15 from $2.74 a year ago.
For the first half, revenue advanced 1% to $12.2 billion from $12 billion, net income increased 6% to $3.5 billion from $3.3 billion, and diluted earnings per share edged higher 8% to $5.85 from $5.43 a year ago.
The company's board declared an interim dividend of $1.34 per share.
The company reiterated its annual capital expenditure of $3.4 billion and share repurchases between $4.0 billion and $4.5 billion. and a third-quarter dividend increase of 3%.
Intel Corp. plunged 9.5% to $20.48 after the technology company reported second-quarter 2025 results.
Revenue inched higher to $12.9 billion from $12.8 billion, net loss expanded to $3 billion from a loss of $1.6 billion, and diluted loss per share advanced to 67 cents from a loss of 38 cents a year ago.
The company guided revenue in the next quarter to range between $12.6 billion and $13.6 billion.
The company also forecasted a diluted loss per share of $0.24 for the quarter.
Ameriprise Financial edged up 0.5% to $519.89, and the financial advisory company announced a cash dividend of $1.60 per share.
Revenue in the second quarter increased 4% to $4.4 billion from $4.2 billion, net income soared 28% to $1.1 billion from $829 million, and diluted earnings per share rose to $10.73 from $8.02 a year ago.
The company returned $731 million to shareholders this quarter, representing 81% of adjusted operating earnings, highlighting its strong capital return and consistent free cash flow.
Deckers Brands slipped 12.6% to $118.21 despite the footwear retailer reporting higher revenue and earnings in the fiscal 2026 first quarter.
Revenue increased to $964.5 million from $825.3 million, net income jumped to $139.2 billion from $115.6 billion, and diluted earnings per share rose to 93 cents from 75 cents a year ago.
For the fiscal year 2025, revenue advanced to $2.1 billion from $1.9 billion, net income soared to $966.1 billion from $759.6 billion, and diluted earnings per share edged higher to $6.33 from $4.86 a year ago.
The company guided net sales in the current quarter to range between $1.38 billion and $1.42 billion and diluted earnings per share in the range of $1.50 to $1.55.
During the first fiscal quarter, the company repurchased approximately 1.7 million shares of its common stock for a total of $183.0 million at a weighted average price paid per share of $109.84.
As of July 10, the company had approximately $2.4 billion remaining under its stock repurchase authorization.
In fiscal year 2025, the company repurchased approximately 3.8 million shares for $567.0 million at an average price of $149.21.
Nasdaq Inc. gained 0.01% to $93.59 after the securities marketplace reported second-quarter 2025 results.
Revenue increased 13% to $1.3 billion from $1.2 billion, net income jumped to $492 million from $397 million, and diluted earnings per share rose to 85 cents from 70 cents a year ago.
- Scott Peters
- 26 Jul, 2025
- New York City
Tesla Inc. surged 8.2% to $305.30 after the electric vehicle maker reported second-quarter 2025 results.
Revenue decreased to $25.5 billion from $25.7 billion, net income declined to $1.4 billion from $2.1 billion, and diluted earnings per share fell to 40 cents from 60 cents a year ago.
The company struggled with electric vehicle sales, and chief executive Vaibhav Taneja highlighted economic and regulatory challenges in the months ahead.
"The One Big Bill has a lot of changes that would affect our business in the near term," Taneja said on the earnings call to investors.
The company's revenues are likely to be lower in the third quarter as the government's subsidies to purchase new electric vehicles expire, and the new tax and spend bill eliminates the fines for not meeting fuel economy targets.
Tesla derives significant revenues from selling its regulatory credits to competitors, as other electric vehicle makers prefer to purchase credit instead of paying fines.
The new tax and spending bill eliminates the fines, essentially killing the regulatory credit marketplace operated by Tesla.
In the second quarter, Tesla's total vehicle revenue fell 16%, while energy generation and storage revenue decreased 7%, but services and other revenue jumped by 17%.
Union Pacific Corp. dropped 2% to $224.82 after the railroad shipment company reported second quarter 2025 results.
Revenue increased 2% to $6.1 billion from $6 billion, net income jumped 12% to $1.8 billion from $1.6 billion, and diluted earnings per share rose to $3.15 from $2.74 a year ago.
For the first half, revenue advanced 1% to $12.2 billion from $12 billion, net income increased 6% to $3.5 billion from $3.3 billion, and diluted earnings per share edged higher 8% to $5.85 from $5.43 a year ago.
The company's board declared an interim dividend of $1.34 per share.
The company reiterated its annual capital expenditure of $3.4 billion and share repurchases between $4.0 billion and $4.5 billion. and a third-quarter dividend increase of 3%.
Intel Corp. plunged 9.5% to $20.48 after the technology company reported second-quarter 2025 results.
Revenue inched higher to $12.9 billion from $12.8 billion, net loss expanded to $3 billion from a loss of $1.6 billion, and diluted loss per share advanced to 67 cents from a loss of 38 cents a year ago.
The company guided revenue in the next quarter to range between $12.6 billion and $13.6 billion.
The company also forecasted a diluted loss per share of $0.24 for the quarter.
Ameriprise Financial edged up 0.5% to $519.89, and the financial advisory company announced a cash dividend of $1.60 per share.
Revenue in the second quarter increased 4% to $4.4 billion from $4.2 billion, net income soared 28% to $1.1 billion from $829 million, and diluted earnings per share rose to $10.73 from $8.02 a year ago.
The company returned $731 million to shareholders this quarter, representing 81% of adjusted operating earnings, highlighting its strong capital return and consistent free cash flow.
Deckers Brands slipped 12.6% to $118.21 despite the footwear retailer reporting higher revenue and earnings in the fiscal 2026 first quarter.
Revenue increased to $964.5 million from $825.3 million, net income jumped to $139.2 billion from $115.6 billion, and diluted earnings per share rose to 93 cents from 75 cents a year ago.
For the fiscal year 2025, revenue advanced to $2.1 billion from $1.9 billion, net income soared to $966.1 billion from $759.6 billion, and diluted earnings per share edged higher to $6.33 from $4.86 a year ago.
The company guided net sales in the current quarter to range between $1.38 billion and $1.42 billion and diluted earnings per share in the range of $1.50 to $1.55.
During the first fiscal quarter, the company repurchased approximately 1.7 million shares of its common stock for a total of $183.0 million at a weighted average price paid per share of $109.84.
As of July 10, the company had approximately $2.4 billion remaining under its stock repurchase authorization.
In fiscal year 2025, the company repurchased approximately 3.8 million shares for $567.0 million at an average price of $149.21.
Nasdaq Inc. gained 0.01% to $93.59 after the securities marketplace reported second-quarter 2025 results.
Revenue increased 13% to $1.3 billion from $1.2 billion, net income jumped to $492 million from $397 million, and diluted earnings per share rose to 85 cents from 70 cents a year ago.
- Barry Adams
- 25 Jul, 2025
- New York City
On Friday, Wall Street indexes hugged the flatline after the S&P 500 index and the Nasdaq Composite notched new record highs in the previous session.
Major averages are set to close up after a week of trading and extend the rally to the fifth week in a row.
The S&P 500 index edged up 0.1%, and the Nasdaq Composite inched higher 0.2% as investors reviewed the latest batch of earnings.
On Friday, investors reacted to earnings from Intel, Union Pacific, Deckers Brands, Booz Allen Hamilton, and Ameriprise Financial.
The Federal Communications Commission approved the $8 billion merger between Paramount and Skydance Media.
The FCC approved the deal after Paramount Global settled a lawsuit with Donald Trump for $16 million, prompting a strong response from the lone Democrat Commissioner Anna Gomez.
"In an unprecedented move, this once-independent FCC used its vast power to pressure Paramount to broker a private legal settlement and further erode press freedom," said Gomez.
"Once again, this agency is undermining legitimate efforts to combat discrimination and expand opportunity by overstepping its authority and intervening in employment matters reserved for other government entities with proper jurisdiction on these issues," added Gomez.
U.S. Stock Movers
Intel Corp. declined 7.5% to $20.93, and the company's second-quarter sales increase failed to impress investors.
The advanced chipmaker is struggling to retain its market share in its core business amid competition from AMD, and the company has still not announced its AI chip pipeline of products.
Moreover, the capital-intensive foundry business is struggling to expand amid stiff domestic competition from TSMC.
Deckers Brands jumped 13.1% to $118.89, and the shoe company reported better-than-expected fiscal first-quarter earnings of 93 cents per share on revenue of $965 million.
Paramount Global increased 2.1% to $23.65 after the Federal Communications Commission approved the purchase of the company by Skydance Media for $8 billion.
Booz Allen Hamilton Holding Corp. advanced 1.4% to $116.86 after the company's fiscal first-quarter earnings surpassed market expectations.
The company reported better-than-expected adjusted earnings per share of $1.48 on lighter-than-estimated revenue of $2.92 billion.
Union Pacific Corp. edged up 0.6% to $221.77 after the railroad company delivered better-than-expected quarterly earnings amid a rebound in freight revenue.
Ameriprise Financial edged up 0.01% to $517.0, and the financial advisory company announced a cash dividend of $1.60 per share.
Revenue in the second quarter increased 4% to $4.4 billion from $4.2 billion, net income soared 28% to $1.1 billion from $829 million, and diluted earnings per share rose to $10.73 from $8.02 a year ago.
- Barry Adams
- 25 Jul, 2025
- New York City
On Friday, Wall Street indexes hugged the flatline after the S&P 500 index and the Nasdaq Composite notched new record highs in the previous session.
Major averages are set to close up after a week of trading and extend the rally to the fifth week in a row.
The S&P 500 index edged up 0.1%, and the Nasdaq Composite inched higher 0.2% as investors reviewed the latest batch of earnings.
On Friday, investors reacted to earnings from Intel, Union Pacific, Deckers Brands, Booz Allen Hamilton, and Ameriprise Financial.
The Federal Communications Commission approved the $8 billion merger between Paramount and Skydance Media.
The FCC approved the deal after Paramount Global settled a lawsuit with Donald Trump for $16 million, prompting a strong response from the lone Democrat Commissioner Anna Gomez.
"In an unprecedented move, this once-independent FCC used its vast power to pressure Paramount to broker a private legal settlement and further erode press freedom," said Gomez.
"Once again, this agency is undermining legitimate efforts to combat discrimination and expand opportunity by overstepping its authority and intervening in employment matters reserved for other government entities with proper jurisdiction on these issues," added Gomez.
U.S. Stock Movers
Intel Corp. declined 7.5% to $20.93, and the company's second-quarter sales increase failed to impress investors.
The advanced chipmaker is struggling to retain its market share in its core business amid competition from AMD, and the company has still not announced its AI chip pipeline of products.
Moreover, the capital-intensive foundry business is struggling to expand amid stiff domestic competition from TSMC.
Deckers Brands jumped 13.1% to $118.89, and the shoe company reported better-than-expected fiscal first-quarter earnings of 93 cents per share on revenue of $965 million.
Paramount Global increased 2.1% to $23.65 after the Federal Communications Commission approved the purchase of the company by Skydance Media for $8 billion.
Booz Allen Hamilton Holding Corp. advanced 1.4% to $116.86 after the company's fiscal first-quarter earnings surpassed market expectations.
The company reported better-than-expected adjusted earnings per share of $1.48 on lighter-than-estimated revenue of $2.92 billion.
Union Pacific Corp. edged up 0.6% to $221.77 after the railroad company delivered better-than-expected quarterly earnings amid a rebound in freight revenue.
Ameriprise Financial edged up 0.01% to $517.0, and the financial advisory company announced a cash dividend of $1.60 per share.
Revenue in the second quarter increased 4% to $4.4 billion from $4.2 billion, net income soared 28% to $1.1 billion from $829 million, and diluted earnings per share rose to $10.73 from $8.02 a year ago.
- Barry Adams
- 25 Jul, 2025
- New York City
On Friday, Wall Street indexes hugged the flatline after the S&P 500 index and the Nasdaq Composite notched new record highs in the previous session.
Major averages are set to close up after a week of trading and extend the rally to the fifth week in a row.
The S&P 500 index edged up 0.1%, and the Nasdaq Composite inched higher 0.2% as investors reviewed the latest batch of earnings.
On Friday, investors reacted to earnings from Intel, Union Pacific, Deckers Brands, Booz Allen Hamilton, and Ameriprise Financial.
The Federal Communications Commission approved the $8 billion merger between Paramount and Skydance Media.
The FCC approved the deal after Paramount Global settled a lawsuit with Donald Trump for $16 million, prompting a strong response from the lone Democrat Commissioner Anna Gomez.
"In an unprecedented move, this once-independent FCC used its vast power to pressure Paramount to broker a private legal settlement and further erode press freedom," said Gomez.
"Once again, this agency is undermining legitimate efforts to combat discrimination and expand opportunity by overstepping its authority and intervening in employment matters reserved for other government entities with proper jurisdiction on these issues," added Gomez.
U.S. Stock Movers
Intel Corp. declined 7.5% to $20.93, and the company's second-quarter sales increase failed to impress investors.
The advanced chipmaker is struggling to retain its market share in its core business amid competition from AMD, and the company has still not announced its AI chip pipeline of products.
Moreover, the capital-intensive foundry business is struggling to expand amid stiff domestic competition from TSMC.
Deckers Brands jumped 13.1% to $118.89, and the shoe company reported better-than-expected fiscal first-quarter earnings of 93 cents per share on revenue of $965 million.
Paramount Global increased 2.1% to $23.65 after the Federal Communications Commission approved the purchase of the company by Skydance Media for $8 billion.
Booz Allen Hamilton Holding Corp. advanced 1.4% to $116.86 after the company's fiscal first-quarter earnings surpassed market expectations.
The company reported better-than-expected adjusted earnings per share of $1.48 on lighter-than-estimated revenue of $2.92 billion.
Union Pacific Corp. edged up 0.6% to $221.77 after the railroad company delivered better-than-expected quarterly earnings amid a rebound in freight revenue.
Ameriprise Financial edged up 0.01% to $517.0, and the financial advisory company announced a cash dividend of $1.60 per share.
Revenue in the second quarter increased 4% to $4.4 billion from $4.2 billion, net income soared 28% to $1.1 billion from $829 million, and diluted earnings per share rose to $10.73 from $8.02 a year ago.
- Akira Ito
- 25 Jul, 2025
- Tokyo
Stocks in Japan corrected on Friday following a sharp rally this week that pushed indexes to new record highs.
The Nikkei 225 Stock Average decreased 0.9%, and the broader Topix fell 0.8% as investors booked profit after the recent market rally.
The optimism surrounding the Japan-U.S. trade agreement buoyed benchmark indexes by 4% after a week of trading.
The U.S. lifted its import duties on Japanese goods to 15% from the current average of 3%, but lower than the 25% threatened by the Trump administration.
Prime Minister Shigeru Ishiba said Japanese companies plan to invest $500 billion in the U.S., targeting the automobile and pharmaceutical sectors, but did not disclose the timeline.
Tokyo Core Inflation Cooled In July
The Tokyo area's inflation edged down for the second consecutive month, benefiting from the easing of inflationary pressures for energy, water, and rice prices.
The overall consumer price inflation was 3.2%, and core inflation, which excludes food prices, cooled to 2.9% from 3.1% in June, the Ministry of Internal Affairs and Communications said Friday.
Water prices plunged 34.6% for the second consecutive month, indicating the largest decrease in prices since record keeping began in 1971.
Core inflation excluding energy prices was 3.1%, unchanged from the previous month.
After the government rolled out a series of measures to boost rice supply, price inflation slowed to 81.8% from 90.6% in June.
However, food price inflation excluding fresh products accelerated to 7.4% in July from 7.2% in June and rose at the fastest pace since September 2023.
Moreover, Japan's leading food companies are planning to increase prices on 2,105 products this month, nearly five times more than a year ago, according to an update by Teikoku Databank.
Tokyo's inflation data are closely watched by economists as a leading indicator for nationwide trends.
Japan Indexes and Stocks
The Nikkei 225 Stock Average decreased 0.9% to 41,450.31, and the Topix dropped 0.8% to 2,952.63.
Toyota Motor Corp. decreased 2% to ¥2,787.0, Honda Motor Co. Ltd. declined 1.9% to ¥1,621.0, and Nissan Motor Co. Ltd. fell 2.8% to ¥325.0.
Shin-Etsu Chemical Co. Ltd. dropped 9.5% to ¥4,530.0 after the company estimated a weaker-than-expected annual profit outlook in the latest fiscal year.
Lasertec Corp. declined 3% to ¥16,450.0, Tokyo Electron fell 0.2% to ¥27,960.0, and Advantest Corp. jumped 1.4% to ¥11,495.0.
- Akira Ito
- 25 Jul, 2025
- Tokyo
Stocks in Japan corrected on Friday following a sharp rally this week that pushed indexes to new record highs.
The Nikkei 225 Stock Average decreased 0.9%, and the broader Topix fell 0.8% as investors booked profit after the recent market rally.
The optimism surrounding the Japan-U.S. trade agreement buoyed benchmark indexes by 4% after a week of trading.
The U.S. lifted its import duties on Japanese goods to 15% from the current average of 3%, but lower than the 25% threatened by the Trump administration.
Prime Minister Shigeru Ishiba said Japanese companies plan to invest $500 billion in the U.S., targeting the automobile and pharmaceutical sectors, but did not disclose the timeline.
Tokyo Core Inflation Cooled In July
The Tokyo area's inflation edged down for the second consecutive month, benefiting from the easing of inflationary pressures for energy, water, and rice prices.
The overall consumer price inflation was 3.2%, and core inflation, which excludes food prices, cooled to 2.9% from 3.1% in June, the Ministry of Internal Affairs and Communications said Friday.
Water prices plunged 34.6% for the second consecutive month, indicating the largest decrease in prices since record keeping began in 1971.
Core inflation excluding energy prices was 3.1%, unchanged from the previous month.
After the government rolled out a series of measures to boost rice supply, price inflation slowed to 81.8% from 90.6% in June.
However, food price inflation excluding fresh products accelerated to 7.4% in July from 7.2% in June and rose at the fastest pace since September 2023.
Moreover, Japan's leading food companies are planning to increase prices on 2,105 products this month, nearly five times more than a year ago, according to an update by Teikoku Databank.
Tokyo's inflation data are closely watched by economists as a leading indicator for nationwide trends.
Japan Indexes and Stocks
The Nikkei 225 Stock Average decreased 0.9% to 41,450.31, and the Topix dropped 0.8% to 2,952.63.
Toyota Motor Corp. decreased 2% to ¥2,787.0, Honda Motor Co. Ltd. declined 1.9% to ¥1,621.0, and Nissan Motor Co. Ltd. fell 2.8% to ¥325.0.
Shin-Etsu Chemical Co. Ltd. dropped 9.5% to ¥4,530.0 after the company estimated a weaker-than-expected annual profit outlook in the latest fiscal year.
Lasertec Corp. declined 3% to ¥16,450.0, Tokyo Electron fell 0.2% to ¥27,960.0, and Advantest Corp. jumped 1.4% to ¥11,495.0.
- Li Chen
- 25 Jul, 2025
- Hong Kong
China's benchmark indexes turned lower on Friday and extended weekly losses as investors awaited the start of the earnings season.
The Hang Seng index declined 1%, and the mainland-focused CSI 300 index fell 0.6%, and China-U.S. trade negotiators are scheduled to start the next round of talks this weekend.
The sharp increase in stock market valuation has left investors uncertain about the future trajectory of the market.
Stocks in Hong Kong and China are trading at three-year highs, and stock market indexes have rebounded over the last three months.
Further upward movement in the broader market needs positive developments from China-U.S. trade negotiations, and investors are anticipating the two nations to extend the Aug 1 deadline by 90 days.
In overseas trading, the European Central Bank held its key lending rates unrevised, marking the end of the current rate easing cycle.
Over the last twelve months, the central bank lowered rates eight times, and policymakers decided to take a wait-and-see approach amid the ongoing EU-U.S. trade negotiations.
China Indexes and Stocks
The Hang Seng index decreased 1.1% to 25,383.07, and the mainland-focused CSI 300 index dropped 0.6% to 4,126.35.
For the week, the Hang Seng index advanced 1.5% and the CSI 300 index added 1.4%.
Internet-linked stocks led decliners amid valuation worries and ahead of quarterly results.
Alibaba Group Holding Ltd. fell 2% to HK $117.70, Meituan fell 2.5% to HK $131.0, and Tencent Holdings Ltd dropped 1.5% to HK $548.0.
Sands China Ltd. decreased 0.4% to HK $18.58 after the U.S. parent company reported second-quarter results.
Sands China's total net revenue increased 2.5% to $1.79 billion, and net income eased to $214 million from $246 million from a year ago.
Nanjing Leads Biolabs traded at HK $69.60 after the company listed its share on the Hong Kong Stock Exchange.
The biotech company priced its stock at HK$35.0 per share, towards the upper end of its filing range between HK $31.50 and HK $35.0.
The company raised gross proceeds of HK $1.29 billion and sold 36.86 million shares.
- Li Chen
- 25 Jul, 2025
- Hong Kong
China's benchmark indexes turned lower on Friday and extended weekly losses as investors awaited the start of the earnings season.
The Hang Seng index declined 1%, and the mainland-focused CSI 300 index fell 0.6%, and China-U.S. trade negotiators are scheduled to start the next round of talks this weekend.
The sharp increase in stock market valuation has left investors uncertain about the future trajectory of the market.
Stocks in Hong Kong and China are trading at three-year highs, and stock market indexes have rebounded over the last three months.
Further upward movement in the broader market needs positive developments from China-U.S. trade negotiations, and investors are anticipating the two nations to extend the Aug 1 deadline by 90 days.
In overseas trading, the European Central Bank held its key lending rates unrevised, marking the end of the current rate easing cycle.
Over the last twelve months, the central bank lowered rates eight times, and policymakers decided to take a wait-and-see approach amid the ongoing EU-U.S. trade negotiations.
China Indexes and Stocks
The Hang Seng index decreased 1.1% to 25,383.07, and the mainland-focused CSI 300 index dropped 0.6% to 4,126.35.
For the week, the Hang Seng index advanced 1.5% and the CSI 300 index added 1.4%.
Internet-linked stocks led decliners amid valuation worries and ahead of quarterly results.
Alibaba Group Holding Ltd. fell 2% to HK $117.70, Meituan fell 2.5% to HK $131.0, and Tencent Holdings Ltd dropped 1.5% to HK $548.0.
Sands China Ltd. decreased 0.4% to HK $18.58 after the U.S. parent company reported second-quarter results.
Sands China's total net revenue increased 2.5% to $1.79 billion, and net income eased to $214 million from $246 million from a year ago.
Nanjing Leads Biolabs traded at HK $69.60 after the company listed its share on the Hong Kong Stock Exchange.
The biotech company priced its stock at HK$35.0 per share, towards the upper end of its filing range between HK $31.50 and HK $35.0.
The company raised gross proceeds of HK $1.29 billion and sold 36.86 million shares.
- Scott Peters
- 24 Jul, 2025
- New York City
Chipotle Mexican Grill Inc. dropped 12.0% to $46.51 after the fast-casual restaurant operator reported second-quarter results.
Revenue increased to $3.1 billion from $3 billion, net income declined to $436.1 million from $455.7 million, and diluted earnings per share inched down to 32 cents from 33 cents a year ago.
Comparable restaurant sales declined 4.0%, driven by a 4.9% drop in customer transactions and partially offset by a slight 0.9% rise in average ticket size.
Chipotle is expecting flat same-store sales for the full year compared to its previous guidance of an increase in low-single-digit growth, with plans to open 315 to 345 new company-owned restaurants, and over 80% will include a Chipotlane drive-thru.
The company also estimates a full-year effective tax rate between 25% and 27%, excluding any unusual tax items.
Total revenue grew by 3% to $3.1 billion, but comparable restaurant sales declined by 4%.
The operating margin narrowed to 18.2% from 19.7%, while the restaurant-level operating margin came in at 27.4%, down from 28.9%.
Diluted earnings per share dropped slightly to $0.32 from $0.33, and adjusted diluted EPS was 33 cents, down from 34 cents.
During the quarter, the company opened 61 new company-owned restaurants, with 47 of them featuring a Chipotlane drive-thru.
Alphabet Inc. increased 3.7% to $198.50, and the parent company of the Google search engine reported better-than-expected quarterly results.
Revenue in the second quarter rose 14% to $96.4 billion from $84.7 billion, net income advanced to $28.2 billion from $23.6 billion, and diluted earnings per share rose to $2.31 from $1.89 a year ago.
Google Services revenues increased 12% to $82.5 billion, reflecting strong performance across Google Search & other Google subscriptions, platforms, and devices, and YouTube ads.
Google Cloud revenues increased 32% to $13.6 billion, which includes revenues from cloud and AI-related services.
The company also lifted its spending outlook for the year, as the company ramped up its investment in cloud and AI infrastructure.
"We are increasing our investment in capital expenditures in 2025 to approximately $85 billion and are excited by the opportunity ahead,” said CEO Sundar Pichai.
IBM declined 6.6% to $263.24, and the technology company reported weaker-than-expected revenue in the second quarter.
Revenue in the second quarter increased to $16.97 billion from $15.77 billion, net income advanced to $2.2 billion from $1.8 billion, and diluted earnings per share rose to $2.31 from $1.99 a year ago.
In the first half of the year, IBM generated $6.1 billion in operating cash flow, which is slightly lower than last year. But free cash flow increased to $4.8 billion, up by $0.3 billion year-over-year.
IBM’s board has approved a regular quarterly cash dividend of $1.68 per share, which will be paid to shareholders on record as of August 8, 2025.
ServiceNow Inc. jumped 6.9% to $1,022.0, and the software company reported better-than-expected second-quarter results.
The company reported a 23% increase in revenue to $3.2 billion from $2.6 billion, net income advanced to $385 million from $262 million, and diluted earnings per share rose to $1.84 from $1.26 a year ago.
The company guided revenue in the third quarter to range between $3.26 billion and $3.265 billion, and for the full year to range between $12.775 billion and $12.795 billion, an increase of 20% from a year ago, respectively.
ServiceNow’s outstanding second-quarter results continue our long track record of elite-level execution,” said ServiceNow Chairman and CEO Bill McDermott.
- Scott Peters
- 24 Jul, 2025
- New York City
Chipotle Mexican Grill Inc. dropped 12.0% to $46.51 after the fast-casual restaurant operator reported second-quarter results.
Revenue increased to $3.1 billion from $3 billion, net income declined to $436.1 million from $455.7 million, and diluted earnings per share inched down to 32 cents from 33 cents a year ago.
Comparable restaurant sales declined 4.0%, driven by a 4.9% drop in customer transactions and partially offset by a slight 0.9% rise in average ticket size.
Chipotle is expecting flat same-store sales for the full year compared to its previous guidance of an increase in low-single-digit growth, with plans to open 315 to 345 new company-owned restaurants, and over 80% will include a Chipotlane drive-thru.
The company also estimates a full-year effective tax rate between 25% and 27%, excluding any unusual tax items.
Total revenue grew by 3% to $3.1 billion, but comparable restaurant sales declined by 4%.
The operating margin narrowed to 18.2% from 19.7%, while the restaurant-level operating margin came in at 27.4%, down from 28.9%.
Diluted earnings per share dropped slightly to $0.32 from $0.33, and adjusted diluted EPS was 33 cents, down from 34 cents.
During the quarter, the company opened 61 new company-owned restaurants, with 47 of them featuring a Chipotlane drive-thru.
Alphabet Inc. increased 3.7% to $198.50, and the parent company of the Google search engine reported better-than-expected quarterly results.
Revenue in the second quarter rose 14% to $96.4 billion from $84.7 billion, net income advanced to $28.2 billion from $23.6 billion, and diluted earnings per share rose to $2.31 from $1.89 a year ago.
Google Services revenues increased 12% to $82.5 billion, reflecting strong performance across Google Search & other Google subscriptions, platforms, and devices, and YouTube ads.
Google Cloud revenues increased 32% to $13.6 billion, which includes revenues from cloud and AI-related services.
The company also lifted its spending outlook for the year, as the company ramped up its investment in cloud and AI infrastructure.
"We are increasing our investment in capital expenditures in 2025 to approximately $85 billion and are excited by the opportunity ahead,” said CEO Sundar Pichai.
IBM declined 6.6% to $263.24, and the technology company reported weaker-than-expected revenue in the second quarter.
Revenue in the second quarter increased to $16.97 billion from $15.77 billion, net income advanced to $2.2 billion from $1.8 billion, and diluted earnings per share rose to $2.31 from $1.99 a year ago.
In the first half of the year, IBM generated $6.1 billion in operating cash flow, which is slightly lower than last year. But free cash flow increased to $4.8 billion, up by $0.3 billion year-over-year.
IBM’s board has approved a regular quarterly cash dividend of $1.68 per share, which will be paid to shareholders on record as of August 8, 2025.
ServiceNow Inc. jumped 6.9% to $1,022.0, and the software company reported better-than-expected second-quarter results.
The company reported a 23% increase in revenue to $3.2 billion from $2.6 billion, net income advanced to $385 million from $262 million, and diluted earnings per share rose to $1.84 from $1.26 a year ago.
The company guided revenue in the third quarter to range between $3.26 billion and $3.265 billion, and for the full year to range between $12.775 billion and $12.795 billion, an increase of 20% from a year ago, respectively.
ServiceNow’s outstanding second-quarter results continue our long track record of elite-level execution,” said ServiceNow Chairman and CEO Bill McDermott.