- Scott Peters
- 24 Mar, 2025
- New York City
Carnival Corp. gained 0.05% to $20.95 after the cruise lines operator reported higher revenue in the first quarter of fiscal 2025 ending in February.
Revenue surged to $5.81 billion from $5.41 billion, net loss shrank to $78 million from a loss of $214 million, and diluted loss per share narrowed to 6 cents from a loss of 17 cents a year ago.
The company expects “to achieve both 2026 sea change financial targets one year in advance, with adjusted return on invested capital and adjusted EBITDA per available lower berth for 2025 reaching the highest levels in nearly two decades,” Carnival said in a release to investors.
“While we are not completely immune from the heightened macroeconomic and geopolitical volatility since providing our December guidance, we are still taking up our earnings expectations for the year.”
The company guided for the second quarter of 2025 adjusted EBITDA of approximately $1.3 billion, up 10% compared to the same quarter of 2024.
For the full year, Carnival estimated adjusted net income to be up over 30% compared to 2024 and better than December guidance by $185 million.
Adjusted EBITDA for the full year is expected at approximately $6.7 billion, up nearly 10% compared to 2024 and better than the December guidance.
Diluted earnings per share are estimated at 22 cents in the second quarter and $1.83 for the full year, compared to 7 cents and $1.44 a year ago, respectively.
Adjusted net income is seen at $285 million in the second quarter and $2.49 billion for the full year, compared to $92 million and $1.92 billion a year ago, respectively.
FactSet Research Systems Inc. eased 0.4% to $431.12 after the enterprise solutions provider to investment managers reported results for fiscal second quarter 2025 ending in February.
Revenue increased 4.5% to $570.66 million from $545.94 million, net income jumped 2.8% to $144.86 million from $140.94 million, and diluted earnings per share rose 1.4% to $4.28 from $4.22 a year ago.
“Client count as of February 28 was 8,645, a net increase of 396 clients in the past three months, mainly due to corporates, which now includes clients from the Irwin acquisition,” the company said in a release to investors.
The count includes clients with annual subscription value of $10,000 and more and does not reflect the LiquidityBook acquisition.
User count was 219,141 as of February 28, a net increase of 874 users in the past three months, mainly driven by an increase in wealth management users, and not reflecting the Irwin and LiquidityBook acquisitions.
FactSet had proposed a dividend of $39.5 million, or $1.04 per share, paid on March 20 to shareholders on record as of February 28.
In addition, the workflow solutions company repurchased 136,714 shares for $64.4 million at an average price of $470.70 during the second quarter, and $186.9 million remained available as of February 28.
The company guided for fiscal 2025 GAAP revenue to be between $2.30 billion to $2.32 billion, up from its previous forecast between $2.28 billion and $2.30 billion.
GAAP diluted earnings per share are estimated to be between $14.80 and $15.40, compared to the previous guidance between $15.10 and $15.70.
Adjusted diluted earnings per share are seen unchanged between $16.80 and $17.40.
GAAP operating margin is expected to be in the range of 32% and 33%, down from 32.5% and 33.5% previously announced.
Organic annual subscription value is expected to grow in the range of $100 million to $130 million, narrowing from $90 million to $140 million previously estimated.
Annual subscription value (ASV) was $2.31 billion as of February 28, compared to $2.18 billion a year ago.
Organic ASV was $2.28 billion as of February 28, up 4.1% or $90.7 million, year-over-year, and it increased $19.6 million over the last three months.
Lennar Corp. traded flat at $115.22 after the home builder reported results for the first quarter of fiscal 2025 ending in February.
Revenue increased to $7.63 billion from $7.31 billion, net income dropped to $519.5 million from $719.3 million, and diluted earnings per share fell to $1.96 from $2.57 a year ago.
The company completed the quarter with a backlog of 13,145 homes with a dollar value of $5.8 billion, and home deliveries increased 6% to 17,834 homes.
New orders increased 1% to 18,355 homes, as new orders dollar value decreased 4% to $7.4 billion.
During the quarter, the company repurchased 5.2 million shares for $703 million at an average share price of $134.40.
In February, Lennar completed the taxable spin-off of Millrose Properties Inc. from Lennar through a distribution of approximately 80% of Millrose's stock to Lennar's stockholders.
The company guided for the second quarter of 2025 new orders to be between 22,500 and 23,500 homes, deliveries between 19,500 and 20,500 homes, and the average sales price between $390,000 and $400,000.
The gross margin on home sales is estimated at approximately 18%.
The company expects operating earnings in the financial services segment to be between $135 million and $145 million in the second quarter of 2025, compared to $146 million a year ago.
During the first quarter, operating earnings for the financial services segment were $143 million, compared to $131 million a year ago, helped by increased deliveries.
Micron Technology Inc. eased 0.2% to $94.56 after the memory and storage solutions provider reported sharply higher sales and earnings for the second quarter of fiscal 2025 ending in February.
Revenue jumped to $8.05 billion from $5.82 billion, net income surged to $1.58 billion from $793 million, and diluted earnings per share edged up to $1.41 from 71 cents a year ago.
“We expect record quarterly revenue in fiscal third quarter, with DRAM and NAND demand growth in both data center and consumer-oriented markets, and we are on track for record revenue and significantly improved profitability in fiscal 2025,” the company said in a release to investors.
GAAP revenue in the third quarter is estimated to be $8.80 billion, plus or minus $200 million, compared to $6.81 billion a year ago, and GAAP diluted earnings per share is expected at $1.37, plus or minus 10 cents, compared to 30 cents in the same quarter in 2024.
Gross margin in the third quarter is expected to be 35.5%, plus or minus 1%, compared to 26.9% a year ago, and operating expenses at $1.27 billion, plus or minus $15 million, compared to $1.11 billion in the same quarter last year.
FedEx Corp. dropped 0.1% to $230.00 after the parcel delivery company reported increased revenue in the fiscal third quarter of 2025 ending in February.
Revenue increased to $22.16 billion from $21.74 billion, net income jumped to $909 million from $879 million, and diluted earnings per share rose to $3.76 from $3.51 a year ago.
The company guided for 2025 revenue to be slightly down from a year earlier and diluted earnings per share between $15.15 and $15.75, compared to $17.21 in 2024.
Capital spending is expected at $4.9 billion, compared to the prior forecast of $5.2 billion, with a priority on “investments in network optimization and efficiency improvement, including fleet and facility modernization and automation,” the company said in a release to investors.
FedEx is reaffirming its forecast of permanent cost reductions from the DRIVE transformation program of $2.2 billion; and effective tax rate of approximately 24.0% prior to the mark-to-market retirement plans accounting adjustments.
The company completed its $2.5 billion fiscal 2025 share repurchase plan with $0.5 billion in share repurchases via open market transactions during the quarter.
Approximately 1.8 million shares were repurchased, with the decrease in outstanding shares benefiting third quarter results by 12 cents per diluted share.
As of February 28, $2.6 billion remained available for repurchases under the company's 2024 stock repurchase authorization.
Cash on-hand as of February 28 was $5.1 billion.
The company is planning to spin off its freight segment, as its operating results decreased during the quarter due to lower fuel surcharges, reduced weight per shipment, and fewer shipments, partially offset by higher base yield.
Accenture Plc. gained 1.5% to $305.32 after the consulting services company reported results for the second quarter of fiscal 2025 ending in February.
Revenue increased to $16.66 billion from $15.80 billion, net income jumped to $1.79 billion from $1.67 billion, and diluted earnings per share rose to $2.82 from $2.63 a year ago.
The company narrowed its full-year revenue growth forecast to 5% to 7%, and expects foreign exchange impact of approximately negative 0.5%.
The operating margin is seen between 15.6% and 15.7%, an expansion of 10 to 20 basis points over the adjusted operating margin.
Accenture estimated diluted earnings per share in 2025 to be between $12.55 and $12.79, compared to $11.57 a year ago.
During the second quarter, new bookings were $20.91 billion, down 3% in U.S. dollars and flat in local currency compared to the same quarter in 2024.
Consulting new bookings in the quarter were $10.47 billion and managed services new bookings were $10.44 billion.
Nike Inc. gained 0.1% to $68.00 after the sporting goods company reported results for the third quarter of fiscal 2025 ending in February.
Revenue declined to $11.27 billion from $12.43 billion, net income edged down to $794 million from $1.17 billion, and diluted earnings per share dropped to 54 cents from 77 cents a year ago.
Selling and administrative expense decreased 8% to $3.9 billion in the quarter.
The company proposed a dividend of 40 cents per share, compared to 37 cents a year earlier.
“Nike is consistently increasing returns to shareholders, including 23 consecutive years of increasing dividend payouts,” the company said in a release to investors.
In the third quarter, Nike returned approximately $1.1 billion to shareholders, including dividends of $594 million, up 6% from the prior year.
In addition, the company completed share repurchases of $499 million, reflecting 6.5 million shares retired as part of the company’s four-year, $18 billion program approved in June 2022.
As of February 28, a total of 119.3 million shares have been repurchased under the program for a total of approximately $11.8 billion.
- Scott Peters
- 24 Mar, 2025
- New York City
Carnival Corp. gained 0.05% to $20.95 after the cruise lines operator reported higher revenue in the first quarter of fiscal 2025 ending in February.
Revenue surged to $5.81 billion from $5.41 billion, net loss shrank to $78 million from a loss of $214 million, and diluted loss per share narrowed to 6 cents from a loss of 17 cents a year ago.
The company expects “to achieve both 2026 sea change financial targets one year in advance, with adjusted return on invested capital and adjusted EBITDA per available lower berth for 2025 reaching the highest levels in nearly two decades,” Carnival said in a release to investors.
“While we are not completely immune from the heightened macroeconomic and geopolitical volatility since providing our December guidance, we are still taking up our earnings expectations for the year.”
The company guided for the second quarter of 2025 adjusted EBITDA of approximately $1.3 billion, up 10% compared to the same quarter of 2024.
For the full year, Carnival estimated adjusted net income to be up over 30% compared to 2024 and better than December guidance by $185 million.
Adjusted EBITDA for the full year is expected at approximately $6.7 billion, up nearly 10% compared to 2024 and better than the December guidance.
Diluted earnings per share are estimated at 22 cents in the second quarter and $1.83 for the full year, compared to 7 cents and $1.44 a year ago, respectively.
Adjusted net income is seen at $285 million in the second quarter and $2.49 billion for the full year, compared to $92 million and $1.92 billion a year ago, respectively.
FactSet Research Systems Inc. eased 0.4% to $431.12 after the enterprise solutions provider to investment managers reported results for fiscal second quarter 2025 ending in February.
Revenue increased 4.5% to $570.66 million from $545.94 million, net income jumped 2.8% to $144.86 million from $140.94 million, and diluted earnings per share rose 1.4% to $4.28 from $4.22 a year ago.
“Client count as of February 28 was 8,645, a net increase of 396 clients in the past three months, mainly due to corporates, which now includes clients from the Irwin acquisition,” the company said in a release to investors.
The count includes clients with annual subscription value of $10,000 and more and does not reflect the LiquidityBook acquisition.
User count was 219,141 as of February 28, a net increase of 874 users in the past three months, mainly driven by an increase in wealth management users, and not reflecting the Irwin and LiquidityBook acquisitions.
FactSet had proposed a dividend of $39.5 million, or $1.04 per share, paid on March 20 to shareholders on record as of February 28.
In addition, the workflow solutions company repurchased 136,714 shares for $64.4 million at an average price of $470.70 during the second quarter, and $186.9 million remained available as of February 28.
The company guided for fiscal 2025 GAAP revenue to be between $2.30 billion to $2.32 billion, up from its previous forecast between $2.28 billion and $2.30 billion.
GAAP diluted earnings per share are estimated to be between $14.80 and $15.40, compared to the previous guidance between $15.10 and $15.70.
Adjusted diluted earnings per share are seen unchanged between $16.80 and $17.40.
GAAP operating margin is expected to be in the range of 32% and 33%, down from 32.5% and 33.5% previously announced.
Organic annual subscription value is expected to grow in the range of $100 million to $130 million, narrowing from $90 million to $140 million previously estimated.
Annual subscription value (ASV) was $2.31 billion as of February 28, compared to $2.18 billion a year ago.
Organic ASV was $2.28 billion as of February 28, up 4.1% or $90.7 million, year-over-year, and it increased $19.6 million over the last three months.
Lennar Corp. traded flat at $115.22 after the home builder reported results for the first quarter of fiscal 2025 ending in February.
Revenue increased to $7.63 billion from $7.31 billion, net income dropped to $519.5 million from $719.3 million, and diluted earnings per share fell to $1.96 from $2.57 a year ago.
The company completed the quarter with a backlog of 13,145 homes with a dollar value of $5.8 billion, and home deliveries increased 6% to 17,834 homes.
New orders increased 1% to 18,355 homes, as new orders dollar value decreased 4% to $7.4 billion.
During the quarter, the company repurchased 5.2 million shares for $703 million at an average share price of $134.40.
In February, Lennar completed the taxable spin-off of Millrose Properties Inc. from Lennar through a distribution of approximately 80% of Millrose's stock to Lennar's stockholders.
The company guided for the second quarter of 2025 new orders to be between 22,500 and 23,500 homes, deliveries between 19,500 and 20,500 homes, and the average sales price between $390,000 and $400,000.
The gross margin on home sales is estimated at approximately 18%.
The company expects operating earnings in the financial services segment to be between $135 million and $145 million in the second quarter of 2025, compared to $146 million a year ago.
During the first quarter, operating earnings for the financial services segment were $143 million, compared to $131 million a year ago, helped by increased deliveries.
Micron Technology Inc. eased 0.2% to $94.56 after the memory and storage solutions provider reported sharply higher sales and earnings for the second quarter of fiscal 2025 ending in February.
Revenue jumped to $8.05 billion from $5.82 billion, net income surged to $1.58 billion from $793 million, and diluted earnings per share edged up to $1.41 from 71 cents a year ago.
“We expect record quarterly revenue in fiscal third quarter, with DRAM and NAND demand growth in both data center and consumer-oriented markets, and we are on track for record revenue and significantly improved profitability in fiscal 2025,” the company said in a release to investors.
GAAP revenue in the third quarter is estimated to be $8.80 billion, plus or minus $200 million, compared to $6.81 billion a year ago, and GAAP diluted earnings per share is expected at $1.37, plus or minus 10 cents, compared to 30 cents in the same quarter in 2024.
Gross margin in the third quarter is expected to be 35.5%, plus or minus 1%, compared to 26.9% a year ago, and operating expenses at $1.27 billion, plus or minus $15 million, compared to $1.11 billion in the same quarter last year.
FedEx Corp. dropped 0.1% to $230.00 after the parcel delivery company reported increased revenue in the fiscal third quarter of 2025 ending in February.
Revenue increased to $22.16 billion from $21.74 billion, net income jumped to $909 million from $879 million, and diluted earnings per share rose to $3.76 from $3.51 a year ago.
The company guided for 2025 revenue to be slightly down from a year earlier and diluted earnings per share between $15.15 and $15.75, compared to $17.21 in 2024.
Capital spending is expected at $4.9 billion, compared to the prior forecast of $5.2 billion, with a priority on “investments in network optimization and efficiency improvement, including fleet and facility modernization and automation,” the company said in a release to investors.
FedEx is reaffirming its forecast of permanent cost reductions from the DRIVE transformation program of $2.2 billion; and effective tax rate of approximately 24.0% prior to the mark-to-market retirement plans accounting adjustments.
The company completed its $2.5 billion fiscal 2025 share repurchase plan with $0.5 billion in share repurchases via open market transactions during the quarter.
Approximately 1.8 million shares were repurchased, with the decrease in outstanding shares benefiting third quarter results by 12 cents per diluted share.
As of February 28, $2.6 billion remained available for repurchases under the
company's 2024 stock repurchase authorization.
Cash on-hand as of February 28 was $5.1 billion.
The company is planning to spin off its freight segment, as its operating results decreased during the quarter due to lower fuel surcharges, reduced weight per shipment, and fewer shipments, partially offset by higher base yield.
Accenture Plc. gained 1.5% to $305.32 after the consulting services company reported results for the second quarter of fiscal 2025 ending in February.
Revenue increased to $16.66 billion from $15.80 billion, net income jumped to $1.79 billion from $1.67 billion, and diluted earnings per share rose to $2.82 from $2.63 a year ago.
The company narrowed its full-year revenue growth forecast to 5% to 7%, and expects foreign exchange impact of approximately negative 0.5%.
The operating margin is seen between 15.6% and 15.7%, an expansion of 10 to 20 basis points over the adjusted operating margin.
Accenture estimated diluted earnings per share in 2025 to be between $12.55 and $12.79, compared to $11.57 a year ago.
During the second quarter, new bookings were $20.91 billion, down 3% in U.S. dollars and flat in local currency compared to the same quarter in 2024.
Consulting new bookings in the quarter were $10.47 billion and managed services new bookings were $10.44 billion.
Nike Inc. gained 0.1% to $68.00 after the sporting goods company reported results for the third quarter of fiscal 2025 ending in February.
Revenue declined to $11.27 billion from $12.43 billion, net income edged down to $794 million from $1.17 billion, and diluted earnings per share dropped to 54 cents from 77 cents a year ago.
Selling and administrative expense decreased 8% to $3.9 billion in the quarter.
The company proposed a dividend of 40 cents per share, compared to 37 cents a year earlier.
“Nike is consistently increasing returns to shareholders, including 23 consecutive years of increasing dividend payouts,” the company said in a release to investors.
In the third quarter, Nike returned approximately $1.1 billion to shareholders, including dividends of $594 million, up 6% from the prior year.
In addition, the company completed share repurchases of $499 million, reflecting 6.5 million shares retired as part of the company’s four-year, $18 billion program approved in June 2022.
As of February 28, a total of 119.3 million shares have been repurchased under the program for a total of approximately $11.8 billion.
- Akira Ito
- 24 Mar, 2025
- Tokyo
Stock market indexes in Tokyo edged lower for the third session in a row amid looming U.S. tariffs, and geopolitical uncertainties weighed.
The Nikkei 225 Stock Average decreased 0.2%, and the broader TOPIX declined 0.5%, as investors reviewed the latest update on manufacturing activities.
The au Jibun Bank Japan Manufacturing PMI index declined to 48.3 in March, falling from 49.0 in the previous month.
The index showed contraction in private sector manufacturing activities for the ninth consecutive month and fell at the sharpest pace since March 2024.
Despite the rise in export orders, overall sales and new orders declined at a sharper pace, and input and output price inflation eased.
The composite index of private sector activities contracted for the first time in five months, a separate report released by the S&P Global on Monday showed.
In Friday's trading, Wall Street indexes trimmed losses for the fifth week in a row as more evidence of tariff turmoil and government cuts emerged.
Nike and Accenture joined a long list of other companies last week and warned of a sharp slowdown this year.
Tariff uncertainties are forcing U.S. businesses to pause additional investments, and consumers are faced with higher bills because of the ever-growing list of items facing import taxes.
Japan Indexes and Stocks
The Nikkei 225 Stock Average decreased 0.2% to 37,608.49, and the broader TOPIX dropped 0.5% to 2,790.88.
Defense stocks led the most actively traded stocks in Monday's trading.
IHI Corp. decreased 1.1% to ¥11,045.0, Mitsubishi Heavy Industries declined 2.2% to ¥2,811.50, and Kawasaki Heavy Industries jumped 0.4% to ¥9,569.0.
Marubeni Corp. declined 0.6% to ¥2,530.0, Itochu Corp. fell 1.3% to ¥7,155.0, Mitsubishi Corp. dropped 1% to ¥2,760.0, and Mitsui Corp. eased 1% to ¥2,760.0.
- Akira Ito
- 24 Mar, 2025
- Tokyo
Stock market indexes in Tokyo edged lower for the third session in a row amid looming U.S. tariffs, and geopolitical uncertainties weighed.
The Nikkei 225 Stock Average decreased 0.2%, and the broader TOPIX declined 0.5%, as investors reviewed the latest update on manufacturing activities.
The au Jibun Bank Japan Manufacturing PMI index declined to 48.3 in March, falling from 49.0 in the previous month.
The index showed contraction in private sector manufacturing activities for the ninth consecutive month and fell at the sharpest pace since March 2024.
Despite the rise in export orders, overall sales and new orders declined at a sharper pace, and input and output price inflation eased.
The composite index of private sector activities contracted for the first time in five months, a separate report released by the S&P Global on Monday showed.
In Friday's trading, Wall Street indexes trimmed losses for the fifth week in a row as more evidence of tariff turmoil and government cuts emerged.
Nike and Accenture joined a long list of other companies last week and warned of a sharp slowdown this year.
Tariff uncertainties are forcing U.S. businesses to pause additional investments, and consumers are faced with higher bills because of the ever-growing list of items facing import taxes.
Japan Indexes and Stocks
The Nikkei 225 Stock Average decreased 0.2% to 37,608.49, and the broader TOPIX dropped 0.5% to 2,790.88.
Defense stocks led the most actively traded stocks in Monday's trading.
IHI Corp. decreased 1.1% to ¥11,045.0, Mitsubishi Heavy Industries declined 2.2% to ¥2,811.50, and Kawasaki Heavy Industries jumped 0.4% to ¥9,569.0.
Marubeni Corp. declined 0.6% to ¥2,530.0, Itochu Corp. fell 1.3% to ¥7,155.0, Mitsubishi Corp. dropped 1% to ¥2,760.0, and Mitsui Corp. eased 1% to ¥2,760.0.
- Li Chen
- 24 Mar, 2025
- Hong Kong
Stocks in China and Hong Kong lacked direction after indexes recorded large losses in the previous week.
The Hang Seng index decreased 0.3%, and the mainland-focused CSI 300 index edged up a fraction.
Investors have been in a wait-and-see mode, and policymakers take their time in announcing implementation plans for the previously announced fiscal measures.
Last week, Wall Street indexes extended losses to the fifth week in a row as more evidence of tariff turmoil and government cuts emerged.
Nike and Accenture, joined a long list of other companies last week, and warned of sharp slowdown this year.
Tariff uncertainties are forcing businesses to pause additional investments and consumers are faced with higher bills because of ever growing list of items facing import taxes.
Moreover, investors are awaiting the next round of U.S. tariffs, which are likely to expand to include petroleum refineries, banks, electric vehicle makers, and advanced electronics companies.
This week, investors are awaiting the financial results from BYD Electronic Co. Ltd., China Taiping Insurance Holdings Co. Ltd., China Telecom Corp. Ltd., Huaneng Power International Inc., CNOOC Ltd., and PetroChina Co. Ltd.
China Indexes and Stocks
The Hang Seng index decreased 0.3% to 23,618.17, and the mainland-focused CSI 300 index edged up 0.1% to 3,914.94.
Xiaomi Corp. rose 3.1% to HK $56.40, and the smartphone and electric vehicle revised higher its vehicle sales outlook by 16%.
CK Hutchison Holdings Ltd. gained 4% to HK $45.0, and the global ports faced pressure from the central government after the company agreed to sell its assets in Panama.
- Li Chen
- 24 Mar, 2025
- Hong Kong
Stocks in China and Hong Kong lacked direction after indexes recorded large losses in the previous week.
The Hang Seng index decreased 0.3%, and the mainland-focused CSI 300 index edged up a fraction.
Investors have been in a wait-and-see mode, and policymakers take their time in announcing implementation plans for the previously announced fiscal measures.
Moreover, investors are awaiting the next round of U.S. tariffs, which are likely to expand to include petroleum refineries, banks, electric vehicle makers, and advanced electronics companies.
China Indexes and Stocks
The Hang Seng index decreased 0.3% to 23,618.17, and the mainland-focused CSI 300 index edged up 0.1% to 3,914.94.
Xiaomi Corp. rose 3.1% to HK $56.40, and the smartphone and electric vehicle revised higher its vehicle sales outlook by 16%.
CK Hutchison Holdings Ltd. gained 4% to HK $45.0, and the global ports faced pressure from the central government after the company agreed to sell its assets in Panama.
- Arun Goswami
- 24 Mar, 2025
- Mumbai
Muthoot Finance Limited rose 0.6% to ₹2,368.05 after the financial services provider reported a 30% increase in net income in the December quarter.
Consolidated revenue advanced to ₹4,423.4 crore from ₹3,167.7 crore, net income jumped to ₹1,363 crore from ₹1,027.2 crore, and diluted earnings per share rose to ₹33.95 from ₹25.59 a year ago.
The company's board declared an interim dividend of ₹24 per share.
Suven Pharmaceuticals Limited decreased 3% to ₹1,175 after the pharmaceutical services provider reported a 62% plunge from a year ago in quarterly profit.
Consolidated revenue declined to ₹275.4 crore from ₹733.5 crore, after-tax profit decreased to ₹86.4 crore from ₹227 crore, and diluted earnings per share dropped to ₹3.37 from ₹8.91 a year ago.
Ratnamani Metals & Tubes Ltd. increased 1.5% to ₹2,774.75 after the steel pipes and tubes maker reported a slight increase in revenue and net income in the December quarter.
Consolidated revenue advanced to ₹1,335 crore from ₹1,272 crore, net income increased to ₹133.8 crore from ₹132.8 crore, and diluted earnings per share rose to ₹18.99 from ₹18.94 a year ago.
Procter & Gamble Health Limited advanced 0.3% to ₹5,500 after the household products maker reported a marginal decline in revenue and a 26% increase in net income in the December quarter.
Consolidated revenue declined to ₹313.7 crore from ₹315.2 crore, after-tax profit increased to ₹90.9 crore from ₹72.1 crore, and diluted earnings per share rose to ₹54.76 from ₹43.42 a year ago.
The company declared an interim dividend for the financial year 2025 of ₹80 per equity share, payable on or before March 7.
Loyal Textile Mills Ltd. fell 2.1% to ₹230 after the textile manufacturer reported a three-and-a-half-fold increase in net loss in the December quarter.
Consolidated revenue declined to ₹158.7 crore from ₹223.6 crore, net loss expanded to ₹27.8 crore from ₹7.1 crore, and diluted losses per share advanced to ₹57.79 from ₹14.66 a year ago.
Jubilant Foodworks Limited gained 1.7% to ₹639.40 after the food foodservice company reported a slight increase in revenue and a 26% plunge from a year ago in quarterly profit.
Consolidated revenue advanced to ₹2,168 crore from ₹1,382.2 crore, after-tax profit decreased to ₹43.2 crore from ₹65.7 crore, and diluted earnings per share fell to 74 paisa from ₹1 a year ago.
Bal Pharma Limited rose 0.9% to ₹89.80 despite the pharmaceutical company reporting a 38% decline in profit in the December quarter.
Consolidated revenue declined to ₹73.7 crore from ₹81.8 crore, net income dropped to ₹0.5 crore from ₹0.8 crore, and diluted earnings per share fell to 33 paisa from 54 paisa a year ago.
BSL Ltd. dropped 3% to ₹178.55 after the textile manufacturing and exporting company reported a decline in net income and revenue in the December quarter.
Consolidated revenue decreased to ₹169.9 crore from ₹171.1 crore, after-tax profit fell to ₹3 crore from ₹3.9 crore, and diluted earnings per share declined to ₹2.96 from ₹3.81 a year ago.
- Arun Goswami
- 24 Mar, 2025
- Mumbai
Muthoot Finance Limited rose 0.6% to ₹2,368.05 after the financial services provider reported a 30% increase in net income in the December quarter.
Consolidated revenue advanced to ₹4,423.4 crore from ₹3,167.7 crore, net income jumped to ₹1,363 crore from ₹1,027.2 crore, and diluted earnings per share rose to ₹33.95 from ₹25.59 a year ago.
The company's board declared an interim dividend of ₹24 per share.
Suven Pharmaceuticals Limited decreased 3% to ₹1,175 after the pharmaceutical services provider reported a 62% plunge from a year ago in quarterly profit.
Consolidated revenue declined to ₹275.4 crore from ₹733.5 crore, after-tax profit decreased to ₹86.4 crore from ₹227 crore, and diluted earnings per share dropped to ₹3.37 from ₹8.91 a year ago.
Ratnamani Metals & Tubes Ltd. increased 1.5% to ₹2,774.75 after the steel pipes and tubes maker reported a slight increase in revenue and net income in the December quarter.
Consolidated revenue advanced to ₹1,335 crore from ₹1,272 crore, net income increased to ₹133.8 crore from ₹132.8 crore, and diluted earnings per share rose to ₹18.99 from ₹18.94 a year ago.
Procter & Gamble Health Limited advanced 0.3% to ₹5,500 after the household products maker reported a marginal decline in revenue and a 26% increase in net income in the December quarter.
Consolidated revenue declined to ₹313.7 crore from ₹315.2 crore, after-tax profit increased to ₹90.9 crore from ₹72.1 crore, and diluted earnings per share rose to ₹54.76 from ₹43.42 a year ago.
The company declared an interim dividend for the financial year 2025 of ₹80 per equity share, payable on or before March 7.
Loyal Textile Mills Ltd. fell 2.1% to ₹230 after the textile manufacturer reported a three-and-a-half-fold increase in net loss in the December quarter.
Consolidated revenue declined to ₹158.7 crore from ₹223.6 crore, net loss expanded to ₹27.8 crore from ₹7.1 crore, and diluted losses per share advanced to ₹57.79 from ₹14.66 a year ago.
Jubilant Foodworks Limited gained 1.7% to ₹639.40 after the food foodservice company reported a slight increase in revenue and a 26% plunge from a year ago in quarterly profit.
Consolidated revenue advanced to ₹2,168 crore from ₹1,382.2 crore, after-tax profit decreased to ₹43.2 crore from ₹65.7 crore, and diluted earnings per share fell to 74 paisa from ₹1 a year ago.
Bal Pharma Limited rose 0.9% to ₹89.80 despite the pharmaceutical company reporting a 38% decline in profit in the December quarter.
Consolidated revenue declined to ₹73.7 crore from ₹81.8 crore, net income dropped to ₹0.5 crore from ₹0.8 crore, and diluted earnings per share fell to 33 paisa from 54 paisa a year ago.
BSL Ltd. dropped 3% to ₹178.55 after the textile manufacturing and exporting company reported a decline in net income and revenue in the December quarter.
Consolidated revenue decreased to ₹169.9 crore from ₹171.1 crore, after-tax profit fell to ₹3 crore from ₹3.9 crore, and diluted earnings per share declined to ₹2.96 from ₹3.81 a year ago.
- Barry Adams
- 21 Mar, 2025
- New York City
Wall Street indexes turned lower in Friday's session, and they are set to extend weekly and monthly losses amid Trump's tariff turmoil and rising risks of an economic slowdown.
The S&P 500 index decreased as much as 0.8%, and the Nasdaq Composite dropped as much as 1% amid federal trade policy uncertainty.
Both benchmark indexes are set to fall between 0.7% and 1.0% this week and extend the recent string of losses to the fifth consecutive week.
The tariff turmoil and government closures are becoming more visible in corporate earnings, and Accenture and Nike alerted that the current year's revenues are likely to fall short of initial expectations.
Moreover, investors are worried that the announced tariffs and threats of additional tariffs are fueling inflation and, at the same time, dampening consumer spending, raising the risks of stagflation in the second and third quarters.
Commodities, Currencies, Indexes, Yields
The S&P 500 index decreased 0.8% to 5,619.41, the Nasdaq Composite edged down 0.8% to 17,542.55, and the Russell 2000 index was down 1.2% to 2,044.17.
The yield on 2-year Treasury notes edged lower to 3.93%, 10-year Treasury notes decreased to 4.21%, and 30-year Treasury bonds declined to 4.54%.
WTI crude oil decreased $0.24 to $67.83 a barrel, and natural gas prices edged higher by $0.02 to $4.00 a therm. unit.
Gold decreased by $10.82 to $3,035.61 an ounce, and silver edged down by $0.40 to $33.14.
The dollar index, which weighs the US currency against a basket of foreign currencies, increased 0.12 to 103.97 and traded at a two-year high.
U.S. Stock Movers
Nike Inc. declined 7.5% to $67.0, and the athletic footwear maker reported strong results in the fiscal third quarter, but the company's estimate of a double-digit decline in sales in the current quarter weighed.
The company earned 54 cents per diluted share on revenue of $11.27 billion in its latest quarter.
Micron Technology decreased 6.8% to $96.22, and the maker of advanced semiconductors offered a positive outlook for the fiscal third quarter, estimating adjusted earnings per share of $1.57 and revenue of $8.8 billion.
FedEx Corp. declined 9.9% to $223.27, and the parcel delivery company reported mixed fiscal third quarter results, citing soft demand and uncertainty in the U.S. industrial economy.
The company said revenue was $22.2 billion and adjusted earnings per share was $4.51.
The company lowered its adjusted annual profit estimate to between $18.0 and $18.60, from the December estimate between $19 and $20 and from the initial estimate between $20 and $22.
- Barry Adams
- 21 Mar, 2025
- New York City
Wall Street indexes turned lower in Friday's session, and they are set to extend weekly and monthly losses amid Trump's tariff turmoil and rising risks of an economic slowdown.
The S&P 500 index decreased as much as 0.8%, and the Nasdaq Composite dropped as much as 1% amid federal trade policy uncertainty.
Both benchmark indexes are set to fall between 0.7% and 1.0% this week and extend the recent string of losses to the fifth consecutive week.
The tariff turmoil and government closures are becoming more visible in corporate earnings, and Accenture and Nike alerted that the current year's revenues are likely to fall short of initial expectations.
Moreover, investors are worried that the announced tariffs and threats of additional tariffs are fueling inflation and, at the same time, dampening consumer spending, raising the risks of stagflation in the second and third quarters.
Commodities, Currencies, Indexes, Yields
The S&P 500 index decreased 0.8% to 5,619.41, the Nasdaq Composite edged down 0.8% to 17,542.55, and the Russell 2000 index was down 1.2% to 2,044.17.
The yield on 2-year Treasury notes edged lower to 3.93%, 10-year Treasury notes decreased to 4.21%, and 30-year Treasury bonds declined to 4.54%.
WTI crude oil decreased $0.24 to $67.83 a barrel, and natural gas prices edged higher by $0.02 to $4.00 a therm. unit.
Gold decreased by $10.82 to $3,035.61 an ounce, and silver edged down by $0.40 to $33.14.
The dollar index, which weighs the US currency against a basket of foreign currencies, increased 0.12 to 103.97 and traded at a two-year high.
U.S. Stock Movers
Nike Inc. declined 7.5% to $67.0, and the athletic footwear maker reported strong results in the fiscal third quarter, but the company's estimate of a double-digit decline in sales in the current quarter weighed.
The company earned 54 cents per diluted share on revenue of $11.27 billion in its latest quarter.
Micron Technology decreased 6.8% to $96.22, and the maker of advanced semiconductors offered a positive outlook for the fiscal third quarter, estimating adjusted earnings per share of $1.57 and revenue of $8.8 billion.
FedEx Corp. declined 9.9% to $223.27, and the parcel delivery company reported mixed fiscal third quarter results, citing soft demand and uncertainty in the U.S. industrial economy.
The company said revenue was $22.2 billion and adjusted earnings per share was $4.51.
The company lowered its adjusted annual profit estimate to between $18.0 and $18.60, from the December estimate between $19 and $20 and from the initial estimate between $20 and $22.
- Bridgette Randall
- 21 Mar, 2025
- London
Investors in Europe turned negative on the final trading day of the week and turned cautious amid rising trade tensions and the ongoing Russia-Ukraine conflict.
Benchmark indexes in Frankfurt, Paris, Milan, and London edged lower ahead of the U.S. tariffs on European shipments starting as early as April 2.
Investors worried that reciprocal tariffs will weigh on future growth in trade with the U.S., and the European Union's rearmament plan of nearly $800 billion could stoke demand for additional social spending in the region.
The Bank of Russia held its key lending rate steady at the record high of 21% and signaled that additional tightening may not be needed for the disinflation process.
Earlier in the week, central banks in the UK and Sweden held their benchmark rates steady, but Switzerland lowered its rate by 25 basis points to 0.25%.
The U.S. Federal Reserve also held its key lending rate range between 4.25% and 4.50%, and the Bank of Japan held its short-term lending rate at 0.5%.
For the week, the DAX 30 index declined 1.1%, the CAC 40 index dropped 0.2%, but the FTSE 100 index rose 0.2%.
Europe Indexes and Yields
The DAX index decreased by 0.8% to 22,804.72, the CAC-40 index edged lower 0.8% to 8,030.69, and the FTSE 100 index declined by 0.6% to 8,650.31.
The yield on 10-year German bonds inched lower to 2.75%, French bonds decreased to 3.45%, the UK gilts moved up to 4.66%, and Italian bonds edged lower to 3.81%.
The euro decreased to $1.08; the British pound was lower at $1.29; and the U.S. dollar was lower and traded at 88.15 Swiss cents.
Brent crude decreased $0.30 to $71.70 a barrel, and the Dutch TTF natural gas was higher by €0.06 to €42.92 per MWh.
Europe Movers
Airline stocks dropped after Heathrow Airport in London was closed because of a fire near an electric substation.
About 1,300 flights have been cancelled disrupting travel and affecting 145,000 passengers.
Lufthansa AG decreased 2.2% to €7.40, Air France KLM Group declined 1.3% to €9.62, and International Airlines Group, the parent company of British Air, dropped 1% to 287.60 pence.
Ferrexpo plc declined 7.2% to 66.02 pence on the worry that the company may face liquidity crisis.
Ukraine's tax authority has suspended the refund of the company's value-added tax worth 513 million hryvnia or $12.4 million.
Salzgitter AG declined 0.7% to €25.96, and the specialty steelmaker delivered a mixed financial performance in 2024.
- Bridgette Randall
- 21 Mar, 2025
- London
Investors in Europe turned negative on the final trading day of the week and turned cautious amid rising trade tensions and the ongoing Russia-Ukraine conflict.
Benchmark indexes in Frankfurt, Paris, Milan, and London edged lower ahead of the U.S. tariffs on European shipments starting as early as April 2.
Investors worried that reciprocal tariffs will weigh on future growth in trade with the U.S., and the European Union's rearmament plan of nearly $800 billion could stoke demand for additional social spending in the region.
The Bank of Russia held its key lending rate steady at the record high of 21% and signaled that additional tightening may not be needed for the disinflation process.
Earlier in the week, central banks in the UK and Sweden held their benchmark rates steady, but Switzerland lowered its rate by 25 basis points to 0.25%.
The U.S. Federal Reserve also held its key lending rate range between 4.25% and 4.50%, and the Bank of Japan held its short-term lending rate at 0.5%.
For the week, the DAX 30 index declined 1.1%, the CAC 40 index dropped 0.2%, but the FTSE 100 index rose 0.2%.
Europe Indexes and Yields
The DAX index decreased by 0.8% to 22,804.72, the CAC-40 index edged lower 0.8% to 8,030.69, and the FTSE 100 index declined by 0.6% to 8,650.31.
The yield on 10-year German bonds inched lower to 2.75%, French bonds decreased to 3.45%, the UK gilts moved up to 4.66%, and Italian bonds edged lower to 3.81%.
The euro decreased to $1.08; the British pound was lower at $1.29; and the U.S. dollar was lower and traded at 88.15 Swiss cents.
Brent crude decreased $0.30 to $71.70 a barrel, and the Dutch TTF natural gas was higher by €0.06 to €42.92 per MWh.
Europe Movers
Airline stocks dropped after Heathrow Airport in London was closed because of a fire near an electric substation.
About 1,300 flights have been cancelled disrupting travel and affecting 145,000 passengers.
Lufthansa AG decreased 2.2% to €7.40, Air France KLM Group declined 1.3% to €9.62, and International Airlines Group, the parent company of British Air, dropped 1% to 287.60 pence.
Ferrexpo plc declined 7.2% to 66.02 pence on the worry that the company may face liquidity crisis.
Ukraine's tax authority has suspended the refund of the company's value-added tax worth 513 million hryvnia or $12.4 million.
Salzgitter AG declined 0.7% to €25.96, and the specialty steelmaker delivered a mixed financial performance in 2024.
- Akira Ito
- 21 Mar, 2025
- Tokyo
Benchmark indexes in Tokyo closed mixed as investors returned from a mid-week holiday and reacted to monetary policy decisions from major central banks.
The Nikkei 225 stock average closed down 0.2%, but the broader TOPIX advanced 0.3%, as investors reviewed the latest inflation data.
Consumer price inflation in February eased to 3.7% from a two-year high of 4% in the previous month, the Ministry of Internal Affairs and Communications reported Friday.
The pace of inflation slowed after the government resumed subsidies for electric prices.
Consumer price inflation excluding fresh food slowed to 3.0% from the 19-month high of 3.2% in January.
Despite the slight decline in inflation, prices rose faster than the BoJ's target rate of 2% for the 35th month in a row.
Moreover, the core rate of inflation, which excludes food and energy prices, rose 2.6%, the highest rate in a year.
The persistent shortage of skilled labor, falling yen, and inclement weather are driving prices of food and services higher and supporting the underlying inflation.
Investors in Tokyo reacted to monetary policy decisions released over the last two days.
The Federal Reserve, the Bank of England, and Sweden's Riksbank held rates steady, but the Swiss National Bank lowered its key lending rate by 25 basis points.
Moreover, China held its 3-year and 5-year loan prime rates unchanged, denting the expectations of a rate cut.
Fed Chair Jerome Powell suggested that the U.S. tariffs are likely to be "transitory" on overall inflation, but the central bank lowered its annual economic growth estimate to 1.7% from 2.1% released in December.
Japanese investors are hoping that the Bank of Japan is ready to hike rates after the policy meeting in June and may continue with additional hikes at a gradual pace over the next year till the rates are restrictive.
Japan Indexes and Stocks
The Nikkei 225 Stock Average declined 0.2% to 37,677.06, and the broader TOPIX rose 0.3% to 2,804.16.
For the week, the Nikkei 225 stocks average gained 2.2%, and the TOPIX rose 3.7%.
Japan Airlines Co. Ltd. rose 1.1% to ¥2,678.0, and the company retained its full-year profit and dividend outlook but lowered its revenue forecast to 1.84 trillion yen.
Mercari Inc. advanced 7.5% to ¥2,633.50, and the operator of the e-commerce platform extended this year's gains to 53%.
Shipping companies traded down amid worries of slowing shipment growth ahead of the U.S. tariffs on goods from Asia and the European Union.
Kawasaki Kisen Kaisha declined 1% to ¥2,172.0, Nippon Yusen fell 1% to ¥5,230.0, and Mitsui OSK Lines fell 0.5% to ¥5,483.0.
- Akira Ito
- 21 Mar, 2025
- Tokyo
Benchmark indexes in Tokyo closed mixed as investors returned from a mid-week holiday and reacted to monetary policy decisions from major central banks.
The Nikkei 225 stock average closed down 0.2%, but the broader TOPIX advanced 0.3%, as investors reviewed the latest inflation data.
Consumer price inflation in February eased to 3.7% from a two-year high of 4% in the previous month, the Ministry of Internal Affairs and Communications reported Friday.
The pace of inflation slowed after the government resumed subsidies for electric prices.
Consumer price inflation excluding fresh food slowed to 3.0% from the 19-month high of 3.2% in January.
Despite the slight decline in inflation, prices rose faster than the BoJ's target rate of 2% for the 35th month in a row.
Moreover, the core rate of inflation, which excludes food and energy prices, rose 2.6%, the highest rate in a year.
The persistent shortage of skilled labor, falling yen, and inclement weather are driving prices of food and services higher and supporting the underlying inflation.
Investors in Tokyo reacted to monetary policy decisions released over the last two days.
The Federal Reserve, the Bank of England, and Sweden's Riksbank held rates steady, but the Swiss National Bank lowered its key lending rate by 25 basis points.
Moreover, China held its 3-year and 5-year loan prime rates unchanged, denting the expectations of a rate cut.
Fed Chair Jerome Powell suggested that the U.S. tariffs are likely to be "transitory" on overall inflation, but the central bank lowered its annual economic growth estimate to 1.7% from 2.1% released in December.
Japanese investors are hoping that the Bank of Japan is ready to hike rates after the policy meeting in June and may continue with additional hikes at a gradual pace over the next year till the rates are restrictive.
Japan Indexes and Stocks
The Nikkei 225 Stock Average declined 0.2% to 37,677.06, and the broader TOPIX rose 0.3% to 2,804.16.
For the week, the Nikkei 225 stocks average gained 2.2%, and the TOPIX rose 3.7%
Japan Airlines Co. Ltd. rose 1.1% to ¥2,678.0, and the company retained its full-year profit and dividend outlook but lowered its revenue forecast to 1.84 trillion yen.
Mercari Inc. advanced 7.5% to ¥2,633.50, and the operator of the e-commerce platform extended this year's gains to 53%.
Shipping companies traded down amid worries of slowing shipment growth ahead of the U.S. tariffs on goods from Asia and the European Union.
Kawasaki Kisen Kaisha declined 1% to ¥2,172.0, Nippon Yusen fell 1% to ¥5,230.0, and Mitsui OSK Lines fell 0.5% to ¥5,483.0.