S&P 500 Gains and Losses Today: Index Falls Into Correction Amid Economic Uncertainty
The S&P 500 dropped 1.4% on Thursday, March 13, 2025, falling into a correction for the first time since 2023 amid worries about the economy.
Blink Charging (NASDAQ:BLNK) Misses Q4 Sales Targets
EV charging infrastructure provider Blink Charging (NASDAQ:BLNK) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 29.3% year on year to $30.18 million. Its non-GAAP loss of $0.15 per share was 6.3% above analysts’ consensus estimates.
Xponential Fitness (NYSE:XPOF) Beats Q4 Sales Targets But Stock Drops 19.8%
Boutique fitness studio franchisor Xponential Fitness (NYSE:XPOF) reported Q4 CY2024 results topping the market’s revenue expectations, but sales fell by 7.7% year on year to $83.22 million. On the other hand, the company’s full-year revenue guidance of $320 million at the midpoint came in 6.6% below analysts’ estimates. Its non-GAAP loss of $0.19 per share was significantly below analysts’ consensus estimates.
Wall Street sinks as Trump threatens 200pc tariffs on French wine
US stock markets fell today on Wall Street as Donald Trump threatened to impose 200pc tariffs on French wine and alcoholic drinks.
Pangaea (NASDAQ:PANL) Exceeds Q4 Expectations, Stock Soars
Pangaea Logistics (NASDAQ:PANL) announced better-than-expected revenue in Q4 CY2024, with sales up 11.6% year on year to $147.2 million. Its non-GAAP profit of $0.16 per share was 5.9% below analysts’ consensus estimates.
Semtech (NASDAQ:SMTC) Reports Q4 In Line With Expectations, Stock Jumps 11.2%
Semiconductor company Semtech (NASDAQ:SMTC) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 30.1% year on year to $251 million. On the other hand, next quarter’s revenue guidance of $250 million was less impressive, coming in 2.5% below analysts’ estimates. Its non-GAAP profit of $0.40 per share was 25.6% above analysts’ consensus estimates.
PagerDuty (NYSE:PD) Surprises With Q4 Sales, Stock Soars
IT incident response platform PagerDuty (NYSE:PD) announced better-than-expected revenue in Q4 CY2024, with sales up 9.3% year on year to $121.4 million. On the other hand, next quarter’s revenue guidance of $119 million was less impressive, coming in 1.9% below analysts’ estimates. Its non-GAAP profit of $0.22 per share was 36% above analysts’ consensus estimates.
Karat Packaging (NASDAQ:KRT) Misses Q4 Revenue Estimates, But Stock Soars 5.3%
Foodservice packaging supplier Karat Packaging (NASDAQ:KRT) fell short of the market’s revenue expectations in Q4 CY2024, but sales rose 6.3% year on year to $101.6 million. On the other hand, the company expects next quarter’s revenue to be around $102.3 million, close to analysts’ estimates. Its non-GAAP profit of $0.29 per share was 18.7% below analysts’ consensus estimates.
S&P 500 confirms correction from February high as tariffs weigh
The confirmation that the S&P 500 has fallen into a correction marks a significant shift in market sentiment as the index - widely considered the best gauge of large U.S. companies and broader stock market health - joins the Nasdaq in showing signs of deepening investor concerns over trade tensions. Wall Street's latest decline came after U.S. President Donald Trump said he would levy a 200% duty on European wine and cognac imports unless the EU removes surcharges on U.S. whiskey. The S&P 500 ended the session at 5,521.52 points.
Zumiez (NASDAQ:ZUMZ) Posts Q4 Sales In Line With Estimates, Next Quarter’s Sales Guidance is Optimistic
Clothing and footwear retailer Zumiez (NASDAQ:ZUMZ) met Wall Street’s revenue expectations in Q4 CY2024, but sales were flat year on year at $279.2 million. The company expects next quarter’s revenue to be around $181 million, coming in 2% above analysts’ estimates. Its GAAP profit of $0.78 per share was in line with analysts’ consensus estimates.