It’s only a so-so day on the S&P Wednesday, as markets continue to digest the implications of Monday’s “Sputnik moment” AI news from China. Investors still seem a little shell-shocked, and markets aren’t moving definitively either up or down. As of 11:15 a.m. ET, the SPDR S&P 500 ETF Trust (NYSE: SPY) is down about 0.3%.
Key Points
-
T-mobile beat earnings this morning, reporting industry-best customer additions.
-
Starbucks beat earnings last night, despite earnings falling steeply year over year.
-
First Solar didn’t beat anything, but announced an earnings date for next month. Analysts are optimistic about First Solar’s numbers.
-
If you’re looking for more stock ideas, don’t forget to grab a copy of our “The Next NVIDIA” report that’s free. It details the war between NVIDIA and one stock that rose 114% in 2024. The report is loaded with research on top AI stocks and is available complimentary for a limited time.
Trending Video
Three stocks in particular are making more significant moves, however.
T-Mobile with an earnings beat
T-Mobile (Nasdaq: TMUS) is moving the most of these three, up 8.9%, after “beating earnings” with a stick this morning. Analysts were expecting T-Mobile to report $2.28 per share on $21.4 billion in sales for its fiscal Q4 2024.
Is Starbucks turning the corner?
Starbucks (Nasdaq: SBUX) shares are rising, up 6.8%, after the coffeehouse chain announced better-than-expected earnings last night. Starbucks reported $0.69 per share in profit where analysts expected only $0.67, and the company’s Q1 2025 revenue was $9.4 billion, also ahead of consensus estimates.
That’s the good news. The bad news is that Starbucks revenues declined slightly year over year, down about 0.3%, with declines driven by same store sales falling 4% in the U.S., 4% in the international business generally, and 6% in China. Per-share earnings declined more than 23% year over year.
Starbucks is continuing to reinvent itself, however, and said it will cut its menu offerings by as much as 30% to streamline the business going forward. At the same time, the company thinks it still has room to expand its locations, and could eventually double its store count from here, which could be important as store growth helped offset declining same store sales in Q1. Looking ahead throughout the balance of 2025, management expects earnings to decline again in Q2, but then pick up in the second half, growing both sequentially and year over year.
First Solar
The company set an earnings report date of Tuesday, February 25, for its Q4 numbers, and said it will report earnings after the close of trading that day.
Looking ahead to that news, analysts are forecasting that First Solar will report $4.74 per share in profit, or about 46% year over year growth. Sales for the quarter should be $1.5 billion, which would work out to 28% year over year growth.
High bars to clear to be sure, but investors today seem confident First Solar will clear them.
It’s Your Money, Your Future—Own It (sponsor)
Retirement can be daunting, but it doesn’t need to be.
Imagine having an expert in your corner to help you with your financial goals. Someone to help you determine if you’re ahead, behind, or right on track. With SmartAsset, that’s not just a dream—it’s reality. This free tool connects you with pre-screened financial advisors who work in your best interests. It’s quick, it’s easy, so take the leap today and start planning smarter!
Don’t waste another minute; get started right here and help your retirement dreams become a retirement reality.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.