Mohawk Industries presents results for the first quarter
Mohawk Industries, Inc. $M1HK34 presented its financial results for the first quarter of 2025 on May 3, 2025. The net profit of 73 million US dollars means earnings per share of 1.15 US dollars. Adjusted, the net profit is even higher at USD 96 million, resulting in adjusted earnings per share of USD 1.52. Net sales amounted to 2.5 billion US dollars, a decrease of 5.7% compared to the previous year. Jeff Lorberbaum, Chairman and CEO, explained that sales were impacted by two shipping down days and negative exchange rate effects. Despite these challenges, productivity increases and restructuring measures had a positive impact on earnings. To boost investor confidence, Mohawk also bought back 225,000 shares for around USD 26 million. However, the uncertainty caused by announced tariffs, particularly on products from China, remains a negative factor for market conditions. Adjusted earnings per share of between USD 2.52 and USD 2.62 are expected for the second quarter.
MicroStrategy shares higher on the NASDAQ: Strategy remains despite red figures
In the USA, MicroStrategy $MSTR (+3.61%) published its quarterly figures on Thursday after the close of trading, which once again show red figures. In the first quarter of 2025, earnings per share amounted to -16.49 US dollars, which is significantly below analysts' expectations of -1.08 US dollars. Revenue amounted to USD 111.1 million and fell short of the previous year's figure of USD 115.3 million. Despite these financial challenges, the company remains committed to its Bitcoin strategy and plans to further expand its holdings. Last quarter, MicroStrategy acquired 301,335 bitcoins, bringing its total holdings to an impressive 553,555 bitcoins. The company has raised its Bitcoin return target to 25% and is aiming for a Bitcoin profit of 15 billion US dollars by 2025. Investors did not fail to react: The share price temporarily rose by 4.48% to 398.69 US dollars.
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