Social network operator Meta Platforms (NASDAQ:META) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 20.6% year on year to $48.39 billion. On the other hand, next quarter’s revenue guidance of $40.65 billion was less impressive, coming in 2.4% below analysts’ estimates. Its GAAP profit of $8.02 per share was 18.7% above analysts’ consensus estimates.
Microsoft reported fiscal second-quarter Intelligent Cloud revenue that missed analysts’ expectations, sending shares lower after the bell Wednesday.
Enterprise workflow software maker ServiceNow (NYSE:NOW) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 21.3% year on year to $2.96 billion. Its non-GAAP profit of $3.67 per share was in line with analysts’ consensus estimates.
Tech giant Microsoft (NASDAQ:MSFT) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 12.3% year on year to $69.63 billion. Its GAAP profit of $3.23 per share was 4% above analysts’ consensus estimates.
Wall Street analysts see AI boosting Meta's performance this year. The tech titan could also be a big winner amid the drama swirling around TikTok.
With Tesla set to release its latest quarterly earnings report, Wall Street thinks the stock can keep rising on a "golden age" for automation and AI.
Semiconductor equipment maker Lam Research (NASDAQ:LRCX) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 16.4% year on year to $4.38 billion. On top of that, next quarter’s revenue guidance ($4.65 billion at the midpoint) was surprisingly good and 7.7% above what analysts were expecting. Its non-GAAP profit of $0.91 per share was 3.5% above analysts’ consensus estimates.
Leading data storage manufacturer Western Digital (NASDAQ: WDC) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 41.3% year on year to $4.29 billion. On the other hand, next quarter’s revenue guidance of $3.85 billion was less impressive, coming in 3.7% below analysts’ estimates. Its non-GAAP profit of $1.77 per share was 2.7% below analysts’ consensus estimates.
The president’s company will launch a fintech and investment platform called Truth.Fi to invest in ETFs and crypto.
Nvidia closed higher on Tuesday as some investors seized an opportunity to buy the chip giant at a discount following its record wipeout on Monday.