Higher egg prices and more tariffs: What betting markets see for inflation and trade policy
Betting markets got attention in 2024 for accurately predicting Trump's election win. Now bettors are predicting the path of inflation and trade policy.
Betting markets got attention in 2024 for accurately predicting Trump's election win. Now bettors are predicting the path of inflation and trade policy.
Global electronics contract manufacturer Kimball Electronics (NYSE:KE) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 15.2% year on year to $357.4 million. The company’s full-year revenue guidance of $1.42 billion at the midpoint came in 4.4% below analysts’ estimates. Its non-GAAP profit of $0.29 per share was 28.9% above analysts’ consensus estimates.
Outerwear manufacturer Columbia Sportswear (NASDAQ:COLM) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 3.5% year on year to $1.10 billion. On the other hand, next quarter’s revenue guidance of $756.5 million was less impressive, coming in 5.3% below analysts’ estimates. Its GAAP profit of $1.80 per share was 7.3% below analysts’ consensus estimates.
Toy manufacturing and entertainment company (NASDAQ:MAT) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 1.6% year on year to $1.65 billion. Its non-GAAP profit of $0.35 per share was 73.9% above analysts’ consensus estimates.
Aerospace and defense company Mercury Systems (NASDAQ:MRCY) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 13% year on year to $223.1 million. On top of that, next quarter’s revenue guidance ($223.1 million at the midpoint) was surprisingly good and 5.3% above what analysts were expecting. Its non-GAAP profit of $0.07 per share was significantly above analysts’ consensus estimates.
Google parent Alphabet reported fourth-quarter earnings that topped analysts' estimates, but its cloud revenue came in short, sending shares lower in extended trading Tuesday.
Semiconductor production equipment company Kulicke & Soffa (NASDAQ: KLIC) reported Q4 CY2024 results exceeding the market’s revenue expectations, but sales fell by 3% year on year to $166.1 million. On the other hand, next quarter’s revenue guidance of $165 million was less impressive, coming in 4.9% below analysts’ estimates. Its non-GAAP profit of $0.37 per share was 32.1% above analysts’ consensus estimates.
Modular home and building manufacturer Skyline Champion (NYSE:SKY) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 15.3% year on year to $644.9 million. Its non-GAAP profit of $1.04 per share was 27.8% above analysts’ consensus estimates.
(Reuters) -The three major stock indexes closed higher on Tuesday, aided by energy stocks, while investors saw reason for optimism for a trade breakthrough between the U.S. and China after President Donald Trump delayed tariffs for Canada and Mexico. New 10% U.S. tariffs on Chinese imports took effect on Tuesday, which China countered with levies on U.S. goods. It was unclear when the country's leaders would talk and Trump said he was in no hurry.
Business communications software company 8x8 (NYSE:EGHT) met Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 1.2% year on year to $178.9 million. On the other hand, next quarter’s revenue guidance of $178 million was less impressive, coming in 2% below analysts’ estimates. Its non-GAAP profit of $0.11 per share was 27.6% above analysts’ consensus estimates.