Skyworks Solutions faces a leadership change as President and CEO Liam Griffin steps down, making way for Philip Brace, Inseego's executive chairman, effective February 17. Amidst this transition, Skyworks reported fiscal first-quarter earnings that surpassed analyst expectations, with revenue reaching $1.07 billion, aligning with market predictions. Meanwhile, Ford Motor cautioned investors about a challenging year ahead, prompting a 5% decline in its share value.
In earnings news, Allstate delivered robust fourth-quarter results with adjusted earnings of $7.67 per share, surpassing the anticipated $6.30 per share. However, Helmerich & Payne's shares fell 5% due to a fiscal first-quarter revenue shortfall. Arm Holdings provided guidance for fourth-quarter and fiscal-year earnings and revenue that met analysts' estimates, despite a 5% dip in its share price after beating both top and bottom-line expectations for the third quarter.
Molina Healthcare experienced a significant 9% drop after missing fourth-quarter earnings forecasts, reporting $5.05 per share against the expected $5.88 per share by FactSet analysts. McKesson's stock fell 3% even though its adjusted earnings of 71 cents per share exceeded the projected 68 cents per share.
Qualcomm emerged as a standout performer with adjusted earnings of $3.41 per share on revenue of $11.67 billion, surpassing LSEG's expectations of $2.96 per share and $10.93 billion in revenue. Nonetheless, Qualcomm's 2025 guidance, which anticipates market-related challenges, was either lower or in line with many analysts' expectations.
Aflac reported adjusted earnings of $1.56 per share, slightly below FactSet's forecast of $1.62 per share. Meanwhile, Align Technology met analyst expectations with adjusted earnings of $2.44 per share on revenue of $995.2 million, compared to the forecasted $994 million in revenue.