Market Update
Trump's Interference in Corporate America, Global Trade, and Fed's Decision Making Unnerves Global Investors
Barry Adams
15 Aug, 2025
New York City
Wall Street indexes advanced on Friday and extended weekly gains after retail sales confirmed resilient consumer spending.
The S&P 500 index edged up 0.1%, and the Nasdaq Composite gained a fraction as July's retail sales data indicated positive consumer sentiment.
Benchmark indexes are set to advance 1% after a week of trading, despite a mixed picture on the inflation front.
Consumer price inflation was steady at 2.7% in July, but producer price inflation rose at an annual pace of 3.4%, the fastest pace since February.
Investors are still holding out for at least a 25 basis point rate cut at the end of a two-day policy meeting on September 17, but the persistent interference by the U.S. president is worrying investors.
Donald Trump has persistently pressured Fed Chair Powell to lower interest rates, demanded Intel fire its chief executive, asked Goldman Sachs to replace its chief economist, and taken a cut from the sale of advanced chips to China.
In addition, Trump fired the head of the U.S. Bureau of Labor Statistics, undermining the credibility of the U.S. data.
U.S. Stock Movers
Circle Internet Group extended two-day losses to 13% to $136.66 after the company filed to sell 10 million shares in a public offering at $130 per share.
The stablecoin cryptocurrency issuer said it plans to sell 2 million shares, and existing stockholders plan to sell 8 million shares.
UnitedHealth Group soared 10% to $298.70 after Berkshire Hathaway and Scion Asset Management disclosed stakes in the company.
Warren Buffett's controlled Berkshire Hathaway acquired 5 million shares for $1.6 billion, and David Tepper's controlled Appaloosa and Michael Burry's controlled Scion Asset Management also acquired direct stakes in the beleaguered insurance company.
Burry's Scion Asset Management also acquired direct stakes in Lululemon, Regeneron, Mercado Libre, and Bruker and trimmed its holding in Estee Lauder to 150,000 from 200,000 stocks.
Intel Corp. jumped 3.4% to $24.69 after a Bloomberg report suggested that the Trump administration is in talks to buy a stake in the company, helping the company to expand its manufacturing capacity in the U.S.
Applied Materials dropped 14% to $161.94 after the company's forward-looking guidance fell short of market expectations.
Applied Materials guided fourth quarter revenue to be between $6.7 billion compared to $7.30 billion and non-GAAP diluted earnings per share to be between $2.11 compared to $2.11 a quarter earlier.
“We are expecting a decline in revenue in the fourth quarter driven by both digestion of capacity in China and nonlinear demand from leading-edge customers given market concentration and fab timing,” said Brice Hill, Senior Vice President and CFO.
Dillard’s Inc. gained 15 cents to $498.73 after the department store chain reported a slight increase in revenue and a marginal decline in net income in the second quarter.
Trump's Interference in Corporate America, Global Trade, and Fed's Decision Making Unnerves Global Investors
Barry Adams
15 Aug, 2025
New York City
Wall Street indexes advanced on Friday and extended weekly gains after retail sales confirmed resilient consumer spending.
The S&P 500 index edged up 0.1%, and the Nasdaq Composite gained a fraction as July's retail sales data indicated positive consumer sentiment.
Benchmark indexes are set to advance 1% after a week of trading, despite a mixed picture on the inflation front.
Consumer price inflation was steady at 2.7% in July, but producer price inflation rose at an annual pace of 3.4%, the fastest pace since February.
Investors are still holding out for at least a 25 basis point rate cut at the end of a two-day policy meeting on September 17, but the persistent interference by the U.S. president is worrying investors.
Donald Trump has persistently pressured Fed Chair Powell to lower interest rates, demanded Intel fire its chief executive, asked Goldman Sachs to replace its chief economist, and taken a cut from the sale of advanced chips to China.
In addition, Trump fired the head of the U.S. Bureau of Labor Statistics, undermining the credibility of the U.S. data.
U.S. Stock Movers
Circle Internet Group extended two-day losses to 13% to $136.66 after the company filed to sell 10 million shares in a public offering at $130 per share.
The stablecoin cryptocurrency issuer said it plans to sell 2 million shares, and existing stockholders plan to sell 8 million shares.
UnitedHealth Group soared 10% to $298.70 after Berkshire Hathaway and Scion Asset Management disclosed stakes in the company.
Warren Buffett's controlled Berkshire Hathaway acquired 5 million shares for $1.6 billion, and David Tepper's controlled Appaloosa and Michael Burry's controlled Scion Asset Management also acquired direct stakes in the beleaguered insurance company.
Burry's Scion Asset Management also acquired direct stakes in Lululemon, Regeneron, Mercado Libre, and Bruker and trimmed its holding in Estee Lauder to 150,000 from 200,000 stocks.
Intel Corp. jumped 3.4% to $24.69 after a Bloomberg report suggested that the Trump administration is in talks to buy a stake in the company, helping the company to expand its manufacturing capacity in the U.S.
Applied Materials dropped 14% to $161.94 after the company's forward-looking guidance fell short of market expectations.
Applied Materials guided fourth quarter revenue to be between $6.7 billion compared to $7.30 billion and non-GAAP diluted earnings per share to be between $2.11 compared to $2.11 a quarter earlier.
“We are expecting a decline in revenue in the fourth quarter driven by both digestion of capacity in China and nonlinear demand from leading-edge customers given market concentration and fab timing,” said Brice Hill, Senior Vice President and CFO.
Dillard’s Inc. gained 15 cents to $498.73 after the department store chain reported a slight increase in revenue and a marginal decline in net income in the second quarter.
Stock Movers: Applied Materials, Dillard's
Scott Peters
14 Aug, 2025
New York City
Applied Materials fell 15% to $161.84 despite the semiconductor equipment and materials engineering company reporting an increase in revenue and earnings in the fiscal third quarter ending on July 27.
Consolidated revenue increased to $7.30 billion from $6.78 billion, net income inched higher to $1.77 billion from $1.70 billion, and diluted earnings per share rose to $2.22 from $2.05 a year ago.
During the quarter, Applied Materials returned a total of $1.42 billion to shareholders through share repurchases and dividends, including the repurchase of 1.05 billion shares of common stock.
Applied Materials guided fiscal fourth quarter revenue to be $6.7 billion, with a band of $500 million, compared to $7.30 billion and non-GAAP diluted earnings per share to be $2.11, with a band of 20 cents, compared to $2.48 a quarter earlier, respectively.
“We are expecting a decline in revenue in the fourth quarter driven by both digestion of capacity in China and nonlinear demand from leading-edge customers given market concentration and fab timing,” said Brice Hill, Senior Vice President and CFO.
Dillard’s Inc. gained 15 cents to $498.73 after the department store chain reported a slight increase in revenue and a marginal decline in net income in the second quarter.
Consolidated revenue edged higher to $1.53 billion from $1.51 billion, net income fell to $72.8 million from $74.5 million, and diluted earnings per share declined to $4.66 from $4.59 a year ago.
During the second quarter, the company purchased approximately 24,500 shares of Class A shares for $9.8 million, at an average price of $398.67 per share.
During 26-week period ending on August 2, the company purchased $107.8 million, approximately 300,000 shares of Class A shares, at an average price of $359.16 per share.
Stock Movers: Applied Materials, Dillard's
Scott Peters
14 Aug, 2025
New York City
Applied Materials fell 15% to $161.84 despite the semiconductor equipment and materials engineering company reporting an increase in revenue and earnings in the fiscal third quarter ending on July 27.
Consolidated revenue increased to $7.30 billion from $6.78 billion, net income inched higher to $1.77 billion from $1.70 billion, and diluted earnings per share rose to $2.22 from $2.05 a year ago.
During the quarter, Applied Materials returned a total of $1.42 billion to shareholders through share repurchases and dividends, including the repurchase of 1.05 billion shares of common stock.
Applied Materials guided fourth quarter revenue to be between $6.7 billion compared to $7.30 billion and non-GAAP diluted earnings per share to be between $2.11 compared to $2.11 a quarter earlier.
“We are expecting a decline in revenue in the fourth quarter driven by both digestion of capacity in China and nonlinear demand from leading-edge customers given market concentration and fab timing,” said Brice Hill, Senior Vice President and CFO.
Dillard’s Inc. gained 15 cents to $498.73 after the department store chain reported a slight increase in revenue and a marginal decline in net income in the second quarter.
Consolidated revenue edged higher to $1.53 billion from $1.51 billion, net income fell to $72.8 million from $74.5 million, and diluted earnings per share declined to $4.66 from $4.59 a year ago.
During the second quarter, the company purchased approximately 24,500 shares of Class A shares for $9.8 million, at an average price of $398.67 per share.
During 26-week period ending on August 2, the company purchased $107.8 million, approximately 300,000 shares of Class A shares, at an average price of $359.16 per share.
Japan's Second Quarter Economic Expansion Surpassed Expectations, Nikkei 225 Extended Weekly Gains to 4%
Akira Ito
15 Aug, 2025
Tokyo
Japan's stock market indexes advanced following better-than-expected economic growth in the second quarter.
The Nikkei 225 Stock Average increased 1.6%, and the broader Topix index increased 1.4%, as the rise in global exports supported economic expansion.
Japan's Q2 GDP Growth Surpassed Expectations
Japan's annual economic growth in the second quarter slowed to 1.2% from 1.8% in the third quarter, according to data released by the Cabinet Office on Friday.
On a quarterly basis, Japan's GDP expanded 0.3% from an upwardly revised increase of 0.1% in the first quarter.
Japan's economy expanded for the fifth quarter in a row amid steady consumer spending growth of 0.2%, and net international trade added 0.3 percentage points.
Exports rebounded 2% compared to a decrease of 0.3%, and imports slowed to 0.6% from a 2.9% increase in the previous quarter, respectively.
Exporters rushed to send shipments to the U.S. ahead of U.S. tariffs, contributing to the economic expansion.
In addition, government spending was flat after falling 0.5% in the previous quarter.
Economists are cautious about the third quarter, as Japan faces a blanket tariff of 15% on shipments to the U.S., which is likely to dampen growth in the remainder of the fiscal year.
The yen weakened to 147.15 against the U.S. dollar, and investors held out for the Bank of Japan to take a wait-and-see approach at the next policy meeting.
The U.S. Federal Reserve may forego a possible rate cut after July's producer price inflation accelerated to 3.3% and the core rate jumped to 3.7%.
The measure of wholesale prices rose at the fastest pace since June 2022, and the index increased 0.9% from the previous month.
Japan Indexes and Stocks
The Nikkei 225 Stock Average gained 1.6% to 43,332.37, and the broader Topix advanced 1.4% to 3,100.97.
For the week, the Nikkei 225 Stock Average gained 4%, and the Topix added 2.8%.
Lasertec Corp. soared 8.1% to ¥17,375.0, Disco Corp. advanced 1.8% to ¥42,380.0, and Tokyo Electron gained 1.2% to ¥21,515.0.
Nippon Yusen KK increased 0.2% to ¥5,259.0, Mitsui O.S.K. Lines advanced 0.5% to ¥4,926.0, and Kawasaki Kisen Kaisha Ltd. added 1.6% to ¥2,254.0.
Japan's Second Quarter Economic Expansion Surpassed Expectations, Nikkei 225 Extended Weekly Gains to 4%
Akira Ito
15 Aug, 2025
Tokyo
Japan's stock market indexes advanced following better-than-expected economic growth in the second quarter.
The Nikkei 225 Stock Average increased 1.6%, and the broader Topix index increased 1.4%, as the rise in global exports supported economic expansion.
Japan's Q2 GDP Growth Surpassed Expectations
Japan's annual economic growth in the second quarter slowed to 1.2% from 1.8% in the third quarter, according to data released by the Cabinet Office on Friday.
On a quarterly basis, Japan's GDP expanded 0.3% from an upwardly revised increase of 0.1% in the first quarter.
Japan's economy expanded for the fifth quarter in a row amid steady consumer spending growth of 0.2%, and net international trade added 0.3 percentage points.
Exports rebounded 2% compared to a decrease of 0.3%, and imports slowed to 0.6% from a 2.9% increase in the previous quarter, respectively.
Exporters rushed to send shipments to the U.S. ahead of U.S. tariffs, contributing to the economic expansion.
In addition, government spending was flat after falling 0.5% in the previous quarter.
Economists are cautious about the third quarter, as Japan faces a blanket tariff of 15% on shipments to the U.S., which is likely to dampen growth in the remainder of the fiscal year.
The yen weakened to 147.15 against the U.S. dollar, and investors held out for the Bank of Japan to take a wait-and-see approach at the next policy meeting.
The U.S. Federal Reserve may forego a possible rate cut after July's producer price inflation accelerated to 3.3% and the core rate jumped to 3.7%.
The measure of wholesale prices rose at the fastest pace since June 2022, and the index increased 0.9% from the previous month.
Japan Indexes and Stocks
The Nikkei 225 Stock Average gained 1.6% to 43,332.37, and the broader Topix advanced 1.4% to 3,100.97.
For the week, the Nikkei 225 Stock Average gained 4%, and the Topix added 2.8%.
Lasertec Corp. soared 8.1% to ¥17,375.0, Disco Corp. advanced 1.8% to ¥42,380.0, and Tokyo Electron gained 1.2% to ¥21,515.0.
Nippon Yusen KK increased 0.2% to ¥5,259.0, Mitsui O.S.K. Lines advanced 0.5% to ¥4,926.0, and Kawasaki Kisen Kaisha Ltd. added 1.6% to ¥2,254.0.
China's Economic Momentum Falters as Industrial Output, Retail Sales and Property Market Data Confirm Slowdown
Li Chen
15 Aug, 2025
Hong Kong
China and Hong Kong indexes turned lower after the latest economic data failed to sway market sentiment.
The Hang Seng index fell 1.3%, and the CSI 300 index edged higher a fraction as China’s domestic consumption weakens and industrial output loses momentum.
China’s retail sales growth slowed to 3.7% in July from 4.8% in the previous month, according to the data released by the National Bureau of Statistics on Friday.
The key measure of consumer spending showed signs of economic strain, despite the top policymakers reiterating their goals of expanding domestic demand.
China’s trade-in program has supported the purchase of household appliances, and Beijing has allocated 231 billion yuan from the sale of ultra-long special treasury bonds this year.
As of July 16, the program has generated 1.6 trillion, or about $223 billion, in sales, according to the official data released by the government agencies.
Industrial output growth slowed to an increase of 5.7% in July from 6.8% in June, and fixed-asset investment in the first seven months to July slowed to 1.6% from 2.8% in the first half of 2025.
Economists were quick to lower estimates for GDP growth in the second half after weaker-than-expected economic data.
Property investments continue to slow down as new home prices fall and consumer confidence remains weak.
Property investment declined 12% in the period from January to July, from the fall of 11.2% in the first half of 2025.
In addition, the agency said new home sales by floor area declined by 4% in the year-to-July compared to the fall of 3.5% in the first half.
A separate report by the NBS showed new home prices declined for the 25th month in a row in July.
New home prices in 70 cities decreased 2.8% in July, easing from a 3.2% fall in the previous month.
Prices in Beijing declined 3.6% compared to 4.1%, in Guangzhou eased 4.6% compared to 5.1%, and in Shenzhen fell 2.2% compared to 2.5%, but in Shanghai rose 6.1% compared to 6.0% in the previous month, respectively.
The jobless rate in the urban areas inched higher to 5.2% in July from 5.0% in June, according to the official data released by the NBS.
China's jobless data are viewed with deep skepticism, as several private estimates show the unemployment rate as high as 9%.
China Indexes and Stocks
The Hang Seng Index decreased 1.3% to 25,181.88, and the CSI 300 index edged higher 0.03% to 4,174.64.
JD.com, Inc. dropped 3.1% to HK $120.20, and the e-commerce platform operator reported a 51% decline in profit in the second quarter.
Geely Automobile Holdings Ltd. edged down 2.1% to HK $18.56 after the company reported a 14% decline in profit in the first half.
Guangzhou Innogen Pharmaceutical Group soared to HK $55.30 after the company priced its public offering at HK $18.68 per share.
The diabetes and other metabolic diseases-focused pharmaceutical company sold a total of 36.55 million shares and listed its shares on the Hong Kong Stock Exchange.
China's Economic Momentum Falters as Industrial Output, Retail Sales and Property Market Data Confirm Slowdown
Li Chen
15 Aug, 2025
Hong Kong
China and Hong Kong indexes turned lower after the latest economic data failed to sway market sentiment.
The Hang Seng index fell 1.3%, and the CSI 300 index edged higher a fraction as China’s domestic consumption weakens and industrial output loses momentum.
China’s retail sales growth slowed to 3.7% in July from 4.8% in the previous month, according to the data released by the National Bureau of Statistics on Friday.
The key measure of consumer spending showed signs of economic strain, despite the top policymakers reiterating their goals of expanding domestic demand.
China’s trade-in program has supported the purchase of household appliances, and Beijing has allocated 231 billion yuan from the sale of ultra-long special treasury bonds this year.
As of July 16, the program has generated 1.6 trillion, or about $223 billion, in sales, according to the official data released by the government agencies.
Industrial output growth slowed to an increase of 5.7% in July from 6.8% in June, and fixed-asset investment in the first seven months to July slowed to 1.6% from 2.8% in the first half of 2025.
Economists were quick to lower estimates for GDP growth in the second half after weaker-than-expected economic data.
Property investments continue to slow down as new home prices fall and consumer confidence remains weak.
Property investment declined 12% in the period from January to July, from the fall of 11.2% in the first half of 2025.
In addition, the agency said new home sales by floor area declined by 4% in the year-to-July compared to the fall of 3.5% in the first half.
A separate report by the NBS showed new home prices declined for the 25th month in a row in July.
New home prices in 70 cities decreased 2.8% in July, easing from a 3.2% fall in the previous month.
Prices in Beijing declined 3.6% compared to 4.1%, in Guangzhou eased 4.6% compared to 5.1%, and in Shenzhen fell 2.2% compared to 2.5%, but in Shanghai rose 6.1% compared to 6.0% in the previous month, respectively.
The jobless rate in the urban areas inched higher to 5.2% in July from 5.0% in June, according to the official data released by the NBS.
China's jobless data are viewed with deep skepticism, as several private estimates show the unemployment rate as high as 9%.
China Indexes and Stocks
The Hang Seng Index decreased 1.3% to 25,181.88, and the CSI 300 index edged higher 0.03% to 4,174.64.
JD.com, Inc. dropped 3.1% to HK $120.20, and the e-commerce platform operator reported a 51% decline in profit in the second quarter.
Geely Automobile Holdings Ltd. edged down 2.1% to HK $18.56 after the company reported a 14% decline in profit in the first half.
Guangzhou Innogen Pharmaceutical Group soared to HK $55.30 after the company priced its public offering at HK $18.68 per share.
The diabetes and other metabolic diseases-focused pharmaceutical company sold a total of 36.55 million shares and listed its shares on the Hong Kong Stock Exchange.
Wall Street Indexes Hovered Near Record Highs as Investors Reviewed Jobless Claims and July's PPI
Barry Adams
14 Aug, 2025
New York City
Wall Street indexes flatlined and hovered near record highs as investors digested the latest batch of earnings.
The S&P 500 index edged down 0.3%, and the tech-heavy Nasdaq Composite fell 0.4%, as investors reviewed the latest weekly jobless claims and the producer price index reading.
July's PPI Rebound Dented Rate Cut Hopes
July's producer price index rose 3.3% from a year ago and advanced 0.9% from the previous month, surpassing market expectations.
The annual PPI advanced at the fastest pace since February, when the measure of wholesale prices increased 3.4%, according to data released by the Bureau of Labor Statistics.
The elevated wholesale price index dented hopes that the Federal Reserve may increase rates at its policy meeting next month.
The annual core producer price inflation, which excludes food and energy, accelerated to 3.7% in July from 2.6% in the previous month.
Initial Jobless Claims Eased, Continuing Claims Hovered Near 2 Million
Initial weekly jobless claims decreased 3,000 to 224,000 in the week ending on August 9, according to the Department of Labor.
The previous week's initial claims were revised lower by 1,000 to 226,000.
The continuing claims, which lag by one week, decreased by 15,000 from the previous week's revised level to 1.953 million.
The previous week's continuing claims were revised down by 6,000 to 1.97 million.
Tariffs May Not Show Up In Inflation Numbers for Several Months
The S&P 500 index and the Nasdaq Composite closed at new highs in the previous session after cooler-than-expected inflation soothed investor anxieties.
The Department of Treasury collected about $29 billion in "customs and excise taxes" in July, sharply higher than $8.7 billion in the month a year ago.
Despite the sharp increase in import duties, most retailers and businesses have, for now, not passed over higher import duties to customers. But that is likely to change in the months ahead if import taxes cover more items and escalate.
To put things in perspective, total nominal retail and food services sales in July, including automobiles and gasoline, are likely to reach $725.0 billion.
So for now, tariffs are not a big factor impacting consumer decisions, but that could change as more items face higher tariffs beginning in August.
U.S. Stock Movers
Cisco Systems decreased 1.3% to $69.33 despite the networking equipment maker reporting higher sales and earnings.
Consolidated revenue increased to $14.7 billion from $13.6 billion, net income advanced to $2.8 billion from $2.2 billion, and diluted earnings per share rose to 71 cents from 54 cents a year ago.
During the fourth quarter, Cisco returned a total of $2.9 billion to shareholders through share repurchases and dividends, including the repurchase of 1.3 million shares of common stock.
Brinker International decreased 0.2% to $157.12 despite the parent company of the Chili's restaurant chain reporting an 88% jump in its earnings in the fourth quarter.
Consolidated revenue inched higher to $1.5 billion from $1.2 billion, net income jumped to $107 million from $57 million, and diluted earnings per share soared to $2.30 from $1.24 a year ago.
Comparable restaurant sales increased by 21.3%, driven by a 23.7% increase at Chili's and a 0.4% decrease at Maggiano's restaurant chains.
During the fourth quarter, Brinker returned a total of $507 million to shareholders through share repurchases.
Coherent Corp. dropped 19% to $91.91, and the advanced semiconductor and optical materials maker's results disappointed investors.
In addition, the company announced the sale of its aerospace and defense business for $400 million to Advent Technologies Holdings.
Ibotta Inc. dropped 34% to $22.32, and the promotion technology provider reported a decline in revenue in the second quarter.
Revenue fell 2% to $86.0 million from $87.9 million, and net income swung to a profit of $2.49 million from a loss of $33.96 million. and diluted earnings per share was a profit of 8 cents compared to a loss of $1.32 a year ago.
Deere & Company declined 6.5% to $480.0 after the agriculture equipment company offered a mixed outlook for the full year.
Wall Street Indexes Scale to New Record Highs as Investors Reviewed Jobless Claims and July's PPI
Barry Adams
14 Aug, 2025
New York City
Wall Street indexes flatlined and hovered near record highs as investors digested the latest batch of earnings.
The S&P 500 index edged up 0.1%, and the tech-heavy Nasdaq Composite advanced 0.2%, as investors reviewed the latest weekly jobless claims and the producer price index reading.
The S&P 500 index and the Nasdaq Composite closed at new highs in the previous session after cooler-than-expected inflation soothed investor anxieties.
The Department of Treasury collected about $29 billion in "customs and excise taxes" in July, sharply higher than $8.7 billion in the month a year ago.
Despite the sharp increase in import duties, most retailers and businesses have, for now, not passed over higher import duties to customers. But that is likely to change in the months ahead if import taxes cover more items and escalate.
To put things in perspective, total nominal retail and food services sales in July, including automobiles and gasoline, are likely to reach $725.0 billion.
So for now, tariffs are not a big factor impacting consumer decisions, but that could change as more items face higher tariffs beginning in August.
U.S. Stock Movers
Cisco Systems decreased 1.3% to $69.33 despite the networking equipment maker reporting higher sales and earnings.
Consolidated revenue increased to $14.7 billion from $13.6 billion, net income advanced to $2.8 billion from $2.2 billion, and diluted earnings per share rose to 71 cents from 54 cents a year ago.
During the fourth quarter, Cisco returned a total of $2.9 billion to shareholders through share repurchases and dividends, including the repurchase of 1.3 million shares of common stock.
Brinker International decreased 0.2% to $157.12 despite the parent company of the Chili's restaurant chain reporting an 88% jump in its earnings in the fourth quarter.
Consolidated revenue inched higher to $1.5 billion from $1.2 billion, net income jumped to $107 million from $57 million, and diluted earnings per share soared to $2.30 from $1.24 a year ago.
Comparable restaurant sales increased by 21.3%, driven by a 23.7% increase at Chili's and a 0.4% decrease at Maggiano's restaurant chains.
During the fourth quarter, Brinker returned a total of $507 million to shareholders through share repurchases.
Coherent Corp. dropped 19% to $91.91, and the advanced semiconductor and optical materials maker's results disappointed investors.
In addition, the company announced the sale of its aerospace and defense business for $400 million to Advent Technologies Holdings.
Ibotta Inc. dropped 34% to $22.32, and the promotion technology provider reported a decline in revenue in the second quarter.
Revenue fell 2% to $86.0 million from $87.9 million, and net income swung to a profit of $2.49 million from a loss of $33.96 million. and diluted earnings per share was a profit of 8 cents compared to a loss of $1.32 a year ago.
Deere & Company declined 6.5% to $480.0 after the agriculture equipment company offered a mixed outlook for the full year.
Stock Movers: Cisco Systems, Brinker International
Scott Peters
14 Aug, 2025
New York City
Cisco Systems Inc. fell 0.03% to $70.37 despite the networking company reporting a 30% increase in net income in the fourth quarter.
Consolidated revenue increased to $14.7 billion from $13.6 billion, net income advanced to $2.8 billion from $2.2 billion, and diluted earnings per share rose to 71 cents from 54 cents a year ago.
During the fourth quarter, Cisco returned a total of $2.9 billion to shareholders through share repurchases and dividends, including the repurchase of 1.3 million shares of common stock.
The company's board declared a cash dividend of $0.41 per share.
The company guided net sales in the next quarter to range between $14.65 million and $14.85 million, and GAAP EPS between $0.63 and $0.68 a quarter earlier, respectively.
"The AI infrastructure orders we received from webscale customers in fiscal 2025 were more than double our original target, indicating a massive opportunity ahead as we lead the required architectural shift and build the critical infrastructure needed for the AI era," said Chuck Robbins, chair and CEO of Cisco.
Brinker International decreased 0.3% to $157.38 despite the parent company of the Chili's restaurant chain reporting an 88% jump in its earnings in the fourth quarter.
Consolidated revenue inched higher to $1.5 billion from $1.2 billion, net income jumped to $107 million from $57 million, and diluted earnings per share soared to $2.30 from $1.24 a year ago.
Comparable restaurant sales increased by 21.3%, driven by a 23.7% increase at Chili's and a 0.4% decrease at Maggiano's restaurant chains.
During the fourth quarter, Brinker returned a total of $507 million to shareholders through share repurchases.
Brinker International guided full-year revenue to be between $5.60 billion and $5.70 billion and non-GAAP diluted earnings per share between $9.90 and $10.50 a year earlier.
Chili's franchisees generated sales of approximately $262.3 million for the fourth quarter of fiscal 2025 compared to $230.1 million for the fourth quarter of fiscal 2024.