Market Update: Companies Making Headlines After Hours
Qualcomm Reports Strong Earnings Yet Sees Stock Decline
Qualcomm, the well-known semiconductor company, faced a nearly 5% drop in its stock despite sharing impressive fiscal first-quarter earnings and revenue figures. The company reported adjusted earnings of $3.41 per share and revenue of $11.67 billion, surpassing analysts’ predictions of $2.96 earnings per share and $10.93 billion in revenue. Qualcomm also provided optimistic guidance for the upcoming quarter, leaving investors with mixed feelings.
Arm Holdings’ Mixed Performance
Arm Holdings saw its shares decrease by almost 5%, even after beating expectations in adjusted earnings and revenue for its fiscal third quarter. The company maintained its outlook for the fourth quarter and the fiscal year, aligning closely with analyst estimates as reported by FactSet.
Skyworks Solutions Faces Leadership Changes
Skyworks Solutions experienced a significant 23% stock decline following the announcement that President and CEO Liam Griffin will be replaced by Inseego’s executive chairman, Philip Brace, effective February 17. Despite exceeding analysts’ forecasts in adjusted earnings for the fiscal first quarter, the company’s revenue of $1.07 billion matched expectations.
Ford Motor’s Tough Outlook
Ford Motor Company’s shares plummeted by 5% post-earnings report, as the automaker forecasted a challenging year ahead. The company’s guidance for 2025 either fell short or met the expectations of many analysts, reflecting anticipated headwinds in the market. Nonetheless, Ford managed to outperform both revenue and earnings expectations in its fourth quarter.
McKesson Revenue Misses Expectations
McKesson, a leader in medical supplies, saw its shares decrease by 3% as its fiscal third-quarter revenue missed analyst expectations, coming in at $95.29 billion instead of the anticipated $96.08 billion. The company also revised its full-year adjusted earnings forecast slightly downwards to between $32.55 and $32.95 per share, falling short of the $32.68 expected.
Aflac Falls Short of Earnings Forecast
Insurance provider Aflac saw a modest decline of 1% after reporting fourth-quarter adjusted earnings of $1.56 per share, which was below the anticipated $1.62. Investors seemed unfazed, but the numbers weren’t as strong as Wall Street hoped.
Align Technology Disappoints Investors
Align Technology shares dropped 5% following disappointing fourth-quarter earnings results. The company reported adjusted earnings of $2.44 per share alongside $995.2 million in revenue, just matching the earnings expectations but slightly trailing revenue forecasts.
Allstate Exceeds Earnings Expectations
Allstate’s shares rose nearly 2% after the company reported fourth-quarter adjusted earnings of $7.67 per share, surpassing the expected $6.30. However, the company’s revenue of $13.76 billion fell short of analysts’ expectations, who had forecasted $13.86 billion.
Molina Healthcare Shares Slide
Molina Healthcare faced a challenging day as its shares dropped 9% after reporting fourth-quarter adjusted earnings of $5.05 per share, missing analysts’ expectations of $5.88. Despite the earnings disappointment, the company’s revenue of $10.50 billion exceeded expectations of $10.28 billion.
Helmerich & Payne Experiences Revenue Decline
The oil and gas drilling company Helmerich & Payne saw its shares decline by 5%, reporting revenue of $677.3 million for its fiscal first quarter, which fell short of the $692.6 million expected by analysts. However, the company did report adjusted earnings of 71 cents per share, surpassing the anticipated 68 cents.
This round-up highlights the high stakes and volatility in today’s market, especially for women-led companies and sectors traditionally seen as male-dominated. Many businesses are navigating through challenging landscapes, and it’s essential to stay informed about these changes.
