Donald Trump's self-imposed deadline for a first round of tariffs on Canada, Mexico, and China looms in less than two days as economic observers and world leaders try to plan amid the uncertainty.
Semiconductor manufacturing equipment maker KLA Corporation (NASDAQ:KLAC) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 23.7% year on year to $3.08 billion. On top of that, next quarter’s revenue guidance ($3 billion at the midpoint) was surprisingly good and 3.8% above what analysts were expecting. Its non-GAAP profit of $8.20 per share was 5.7% above analysts’ consensus estimates.
Computer processor maker Intel (NASDAQ:INTC) reported Q4 CY2024 results beating Wall Street’s revenue expectations, but sales fell by 7.4% year on year to $14.26 billion. On the other hand, next quarter’s revenue guidance of $12.2 billion was less impressive, coming in 5.4% below analysts’ estimates. Its non-GAAP loss of $0 per share was significantly below analysts’ consensus estimates.
Shares of fabless chip and software maker Broadcom (NASDAQ:AVGO) jumped 6.3% in the afternoon session after Meta reported fourth quarter earnings and announced plans to scale up its deployment of MTIA (Meta Training and Inference Accelerator) chips, developed in partnership with Broadcom, to optimize cost. Currently used for ad and organic content workloads, these custom chips will expand to AI training tasks, including generative AI, by 2026. To get a picture of how significant these investment
Online learning platform Coursera (NYSE:COUR) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 6.1% year on year to $179.2 million. On the other hand, next quarter’s revenue guidance of $175 million was less impressive, coming in 1.8% below analysts’ estimates. Its non-GAAP profit of $0.08 per share was 82.2% above analysts’ consensus estimates.
Private credit has boomed in recent years. Apollo's tokenized fund offers a way for investors to buy in via the blockchain.
IBM shares soared Thursday after the computing giant posted better-than-expected fourth-quarter earnings, boosted by the strength of its AI business. Monitor these key price levels.
Shares of industrial machinery company Parker-Hannifin (NYSE:PH) jumped 6.2% in the morning session after the company reported strong fourth quarter results, which beat analysts' EPS expectations despite a revenue miss. Demand indicators improved, especially in the Aerospace segment, and overall order rate increased across the board. The company then reiterated its previous full-year EPS guidance, demonstrating a focus on balancing growth and profits. Overall, this was a decent quarter.
Shares of e-commerce florist and gift retailer 1-800-FLOWERS (NASDAQ:FLWS) fell 17.3% in the pre-market session after the company reported weak fourth quarter results, with its revenue and EPS fallin below analysts' expectations. Adding to the bad news, the company's full-year EBITDA guidance missed Wall Street's estimates significantly. Management expressed displeasure at the results, which were marred by "a softer than anticipated and highly promotional consumer environment, along with a pullb
Shares of parcel delivery company UPS (NYSE:UPS) fell 17.6% in the morning session after the company reported weak fourth-quarter results and provided full-year revenue guidance, which missed significantly. Adding to concerns, UPS announced an agreement with its largest customer (Amazon) to cut volume by more than 50% by the second half of 2026, which might be a headwind to future growth. On the other hand, it was encouraging to see United Parcel Service beat analysts' EPS expectations this quar