Lumen Technologies reported robust fourth-quarter earnings, surpassing Wall Street expectations on both the top and bottom lines. The company posted adjusted earnings of 9 cents per share with a revenue of $3.33 billion. Analysts surveyed by LSEG had anticipated Lumen would earn 8 cents per share on revenue of $3.28 billion. Meanwhile, toy manufacturer Mattel projects a revenue increase of 2% to 3% for 2025, despite ongoing currency fluctuations.
Mondelez International fell short of analyst predictions in its fourth-quarter results. The company reported adjusted earnings of 65 cents per share on revenue of $9.60 billion, missing Wall Street's estimates. Mondelez is bracing for a challenging 2025, with expected adjusted earnings per share to decline by 10% due to unprecedented cocoa cost inflation.
Alphabet, the parent company of Google, experienced a significant 7.4% drop in shares after posting disappointing revenue figures. Analysts expected a revenue of $1.63 billion with earnings of 20 cents per share, but the results did not meet these estimates. Chipotle Mexican Grill also faced a decline, with shares falling nearly 5%. The burrito chain's fourth-quarter same-store sales rose less than expected, with adjusted earnings at 25 cents per share on revenue of $2.85 billion. This was below analysts’ expectations of 14 cents per share on revenue of $1.55 billion.
In contrast, Snap Inc. enjoyed nearly an 8% rise in shares following its fourth-quarter results that exceeded Wall Street's expectations. The social media company posted adjusted earnings of 16 cents per share on revenue of $1.56 billion, outperforming predictions.
Advanced Micro Devices (AMD) saw its stock drop by 4%. The chipmaker reported adjusted earnings of $1.09 per share on revenue of $7.66 billion as the semiconductor industry continues to face challenges.
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