Home / Business and Economy / Kimberly-Clark Gains, Tech Sector Slumps Amid Earnings Shakeup
Kimberly-Clark Gains, Tech Sector Slumps Amid Earnings Shakeup
1 Aug
Summary
- Kimberly-Clark beats earnings forecast, raises guidance
- Marvell Technology, UnitedHealth, Ingersoll Rand report disappointing results
- Rocket Companies, Bright Horizons post strong quarterly numbers
On August 1, 2025, the stock market saw a mix of winners and losers as companies reported their latest quarterly earnings. Kimberly-Clark, the consumer products giant, gained around 4% after providing stronger-than-expected full-year guidance. The company expects its earnings per share to grow in the low-to-mid single digit percentage range, in contrast to analysts' earlier expectations of a contraction.
However, the broader tech sector faced a downturn, with Marvell Technology falling about 6% and the Technology Select Sector SPDR Fund (XLK) shedding more than 1%. UnitedHealth, the insurance giant, also shed over 3% after announcing changes to its executive team, including a new chief financial officer.
On the other hand, Rocket Companies, the mortgage lender, surged 13% after posting second-quarter results that exceeded expectations. The company also reported a significant increase in closed loan origination volume. Bright Horizons Family Solutions, the child care services provider, also bucked the market trend, climbing 10% on better-than-expected earnings and revenue, as well as raised full-year guidance.
The industrial sector also saw some notable movers. W.W. Grainger, the industrial supply company, dropped 9% after missing earnings estimates and lowering its full-year forecast. Ingersoll Rand, the manufacturer of air compressors, slid 11% despite reporting in-line adjusted earnings for the second quarter.
