Midday Market Review: Notable Stock Movements from April 24, 2025
Published April 24, 2025 at 12:41 PM EDT
In the bustling landscape of the stock market, midday trading has seen significant movements from several notable companies, as earnings reports and market reactions influence share prices. Here, we provide insights into the stocks experiencing the biggest fluctuations and the reasons behind these movements.
Hasbro Surges After Strong Earnings Report
Hasbro Inc. has caught the attention of investors with its stock soaring 16.3% following an impressive first-quarter earnings report. The toymaker reported an earnings per share (EPS) of $1.04, significantly surpassing analysts’ expectations of 67 cents. Additionally, Hasbro’s revenue of $887.1 million beat the forecasted $771.1 million. Despite the positive performance, the company has opted to maintain its full-year guidance, citing the current uncertainties in the tariff environment as a point of concern.
Fiserv Experiences a Sharp Decline
In stark contrast, Fiserv Inc. saw its shares plummet 17% after the company fell short of revenue expectations for the first quarter. The financial services technology provider reported adjusted revenues of $4.79 billion, which did not meet the anticipated $4.84 billion from analysts. This disappointing result prompted a sell-off among investors.
Comcast Faces Customer Losses
Comcast Corporation has experienced a setback with its stock declining more than 4%. The cable giant reported a loss of 199,000 domestic broadband customers and a decrease of 427,000 cable TV customers in the first quarter, raising alarms about its customer retention and growth in a competitive market.
Freeport-McMoRan Gains After Profit Announcement
Conversely, Freeport-McMoRan Inc. saw its shares rise 6.6% following a profitable first quarter that slightly exceeded Wall Street’s expectations. The mining company’s performance was overshadowed by concerns regarding potential increases in material costs driven by the Trump administration’s tariffs, which analysts estimate could raise costs by about 5%.
Texas Instruments Hits Positive Milestone
Texas Instruments Inc. reported a robust first-quarter financial performance, propelling its stock up by 7.1%. The semiconductor manufacturer announced earnings of $1.28 per share with revenues of $4.07 billion, both exceeding expectations set by analysts, who forecasted earnings of $1.07 per share and revenues of $3.91 billion.
PepsiCo Reports Weaker-Than-Projected Earnings
PepsiCo Inc. shares fell by 4% after the company released a first-quarter earnings report that did not meet market expectations. The beverage and snack giant reported adjusted earnings of $1.48 per share, narrowly missing the anticipated $1.49 per share, and subsequently revised its full-year earnings outlook downward due to tariff impacts.
American Airlines Shows Signs of Recovery
American Airlines Group Inc. saw its stock increase by 2.7% following a smaller-than-anticipated loss in its first quarter. The airline reported an adjusted loss of 59 cents per share, compared to analyst expectations of a 65-cent loss. Despite these signs of recovery, the airline did withdraw its full-year guidance, as it faces significant year-to-date declines of over 40%.
ServiceNow Celebrates Earnings Beat
ServiceNow Inc. experienced a remarkable rally of 15.5% after achieving stronger-than-expected earnings in the first quarter. The enterprise technology company reported adjusted earnings of $4.04 per share and revenue of $3.09 billion, outpacing forecasts that projected earnings of $3.83 per share and revenues of $3.08 billion.
Lam Research Surpasses Earnings Expectations
Lam Research Corp. shares climbed 6.3% as the company announced its earnings for the third fiscal quarter exceeded analysts’ expectations. Lam Research reported adjusted earnings of $1.04 per share on revenues of $4.72 billion, compared to estimates of $1.01 and $4.65 billion, respectively.
Utz Brands Receives Analyst Upgrade
Utz Brands Inc. gained 1.9% after D.A. Davidson upgraded its rating from neutral to buy. Analysts noted that Utz Brands has successfully increased its market share in a challenging snack food environment, despite overall volume pressures.
Procter & Gamble Faces Downward Pressure
Procter & Gamble Co. saw its stock dip by 4.4% as the consumer goods company announced a decline in third-quarter revenues and lowered its full-year guidance for core earnings per share and overall revenue. The CEO indicated that potential price increases may result due to ongoing tariff pressures.
IBM Stumbles Despite Earnings Beat
Lastly, International Business Machines Corporation (IBM) shares dropped 7%, even after the tech giant delivered better-than-expected earnings and revenue. IBM CEO Arvind Krishna cautioned that ongoing macroeconomic uncertainty could make clients wary, impacting future growth.
As the market continues to evolve throughout the trading day, these stock movements illustrate the complexities of corporate performance amid economic challenges and investor expectations. Stay tuned for further updates as the markets react to ongoing earnings reports and economic news.
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