As the third quarter of fiscal year 2025 concludes, several major companies have released their earnings reports, reflecting diverse performances across various sectors.
Ralph Lauren Achieves Record Highs
Ralph Lauren’s stock soared to new record levels following a robust Q3 performance. The company reported a 15% increase in earnings to $4.82 per share, with total revenue rising 11% to $2.14 billion, surpassing analysts’ expectations. Growth was driven by strong performances in North America, Europe, and Asia. Consequently, Ralph Lauren raised its FY25 revenue outlook to a 6-7% growth range, up from the previous forecast of 3-4%.
Fiserv’s Strong Earnings Propel Stock Surge
Fiserv experienced a 7.2% increase in stock value after reporting a 15% rise in Q4 earnings per share to $2.51 and a 5.6% increase in revenue to $4.9 billion. The company’s strong performance led to its addition to the IBD Leaderboard.
Mixed Results from Tech Giants
The tech sector presented varied outcomes:
- Apple reported strong service and Mac/iPad sales, though iPhone sales saw a decline.
- Microsoft posted strong fiscal second-quarter results but faced currency headwinds.
- Meta Platforms experienced impressive earnings growth but projected increased expenses.
Overall, the stock market remained resilient amid these mixed results.
Walmart’s Steady Growth
Walmart reported a 5.5% increase in revenue, with operating income growing by 8.2%. The company’s global eCommerce rose by 27%, leading to an upward revision of its FY25 guidance.
State Bank of India’s Significant Profit Surge
The State Bank of India announced an 83% year-on-year increase in standalone net profit to ₹16,891 crore for Q3, driven by healthy loan growth. Net interest income stood at ₹41,445.51 crore, up 4% year-over-year.
Swiggy’s Revenue Growth Amid Rising Losses
Swiggy reported a sequential rise in revenue to ₹3,993 crore for Q3 FY25, though its losses expanded to ₹799 crore. The company continues to navigate the competitive food delivery and quick commerce landscape.
Kennametal Lowers FY25 Outlook
Kennametal revised its FY25 outlook downward, anticipating third-quarter results below analysts’ expectations. The industrial technology firm adjusted its earnings and sales projections in response to market conditions.
Best Buy’s Revenue Decline
Best Buy reported a 3.3% decrease in domestic revenue to $8.70 billion, primarily driven by a comparable sales decline of 2.8%. The company continues to adapt to shifting consumer electronics demand.
Gen Digital’s Financial Update
Gen Digital announced its Q3 FY25 earnings, providing insights into its financial performance and strategic initiatives.
The TJX Companies’ Earnings Growth
The TJX Companies reported an 11% increase in diluted earnings per share to $1.14, exceeding the company’s plan. The retailer also raised its outlook for FY25 pretax profit margin and earnings per share.
These earnings reports highlight the varied financial landscapes across industries as companies navigate economic challenges and opportunities in FY25.