Corporate Stock News: February 26th, 2025

Corporate Stock News: February 26th, 2025

Stock News

  • Alcoa Corp: U.S. President Trump’s tariff plan on aluminum imports could cost 100,000 jobs and is unlikely to boost U.S. production. The 25% tariff takes effect on March 4.

  • Alcon AG: The company reported a 6% rise in sales for Q4 2024, forecasting $10.2-$10.4 billion in sales for 2025. Earnings fell 34%, partly due to tax expenses. They also announced a $0.31 dividend and a $750 million share buyback.

  • Amazon.com Inc: The company is planning a major event for Alexa to incorporate generative AI, with a secret project called “Banyan” aiming to make Alexa more conversational.

  • AMC Entertainment Holdings Inc: AMC beat Wall Street estimates for Q4 revenue with an 18% rise, driven by blockbuster releases. The company also reported $114 million in free cash flow.

  • Apple Inc: Apple is set to sell iPhone 16 in Indonesia after meeting local manufacturing requirements. They also retained their diversity policies after shareholder voting.

  • Axon Enterprise Inc: Axon exceeded revenue estimates and forecast $2.55 billion to $2.65 billion in 2025 sales, driven by strong demand for its law enforcement technology.

  • Boeing Co: Boeing reorganized its leadership, with Stephanie Pope focusing on airplane recovery as its commercial airplane head. She stepped down from the COO role.

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  • Caesars Entertainment Inc: The company swung to a Q4 profit of $11 million, driven by strong Las Vegas performance. They expect strong digital growth in 2025.

  • Cantaloupe Inc: The company is exploring strategic options, including a potential sale or go-private transaction. They provide digital payment technology for self-service businesses.

  • CAVA Group Inc: The company reported a 21.2% rise in same-store sales in Q4, surpassing estimates, but expects weaker 2025 sales growth of 6%-8% due to weak U.S. dining demand.

  • First Solar Inc: The solar panel maker posted a 13% profit increase in Q4, and forecast 2025 sales of $5.3 billion to $5.8 billion, above estimates. They also filed a legal action against JinkoSolar over patent infringement.

  • General Motors Co: GM announced a 25% increase in its quarterly dividend and a $6 billion share buyback program to return cash to shareholders.

  • Intuit Inc: Intuit forecast Q3 revenue of $7.55 billion to $7.60 billion, above estimates. They reported stronger Q2 earnings, largely driven by AI-driven financial services.

  • Intuitive Machines Inc: The company is set to launch its second moon lander, Athena, aboard a SpaceX Falcon 9 rocket after a previous mission ended early.

  • Lucid Group Inc: Lucid posted $234.5 million in revenue, beating estimates, and forecast vehicle production of 20,000 units in 2025, up from 9,000 in 2024. CEO Peter Rawlinson is stepping down.

  • Lowe’s Companies Inc: Lowe’s forecast flat to 1% sales growth for 2025 and a slight decline in earnings per share. They reported a 0.2% rise in same-store sales for Q4.

  • McDonald’s Corp: McDonald’s will not impose surcharges for eggs and will offer $1 McMuffins on its app to attract lower-income U.S. consumers amid inflation concerns.

 

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  • Merck & Co Inc: Merck warned that sales of its top cancer drug, Keytruda, are expected to decline after 2026 when government price-setting takes effect.

  • Meta Platforms Inc: Meta is in talks to build a new $200 billion AI-focused data center, although a spokesperson denied the specifics, calling them speculative.

  • National Bank of Canada: The bank reported a higher Q1 profit, driven by a 23% increase in wealth management income. It posted an adjusted profit of C$1.05 billion for the quarter.

  • Nvidia: Nvidia is expected to post strong results due to its first-mover advantage in AI, despite the risk of efficiency gains and uncertain AI spending.

  • ON Semiconductor Corp: The chipmaker announced plans for a restructuring that includes laying off 2,400 employees in 2025, aiming for cost reductions of up to $115 million annually.

  • Rio Tinto: Hedge fund Palliser Capital urged Rio Tinto to allow Australian shareholders to vote on a resolution for an independent review of its dual-listing status.

  • Sibanye Stillwater Ltd: The company decided not to invest further in the Rhyolite Ridge lithium project after a price drop for lithium. They cited the project not meeting investment criteria.

  • Stellantis NV: Stellantis forecast modest recovery in 2025 with no significant profit improvement, citing ongoing challenges in Europe and high competition from Chinese automakers.

  • Thyssenkrupp: The company plans to spin off a minority stake in its warship division through an extraordinary general meeting later this year.

  • Walgreens Boots Alliance Inc: The company agreed to pay $595 million to Everly Health Solutions over a contract dispute involving COVID-19 testing.

  • Workday Inc: WDAY exceeded Q4 revenue estimates, driven by increased demand for subscription services. They forecast $2.05 billion in Q1 subscription revenue for 2025.

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