Sirius XM (NASDAQ:SIRI) Exceeds Q4 Expectations
Satellite radio and media company Sirius XM (NASDAQ:SIRI) reported Q4 CY2024 results exceeding the market’s revenue expectations, but sales fell by 4.3% year on year to $2.19 billion. On the other hand, the company’s full-year revenue guidance of $8.5 billion at the midpoint came in 0.6% below analysts’ estimates. Its GAAP profit of $0.83 per share was 17% above analysts’ consensus estimates.
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1-800-FLOWERS (NASDAQ:FLWS) Misses Q4 Revenue Estimates, Stock Drops 16.3%
E-commerce florist and gift retailer 1-800-FLOWERS (NASDAQ:FLWS) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 5.7% year on year to $775.5 million. Its non-GAAP profit of $1.08 per share was 9.2% below analysts’ consensus estimates.
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Oshkosh (NYSE:OSK) Reports Strong Q4, Stock Soars
Specialty vehicles contractor Oshkosh (NYSE:OSK) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 6.3% year on year to $2.62 billion. The company’s full-year revenue guidance of $10.6 billion at the midpoint came in 3.4% above analysts’ estimates. Its non-GAAP profit of $2.58 per share was 18.2% above analysts’ consensus estimates.
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Malibu Boats (NASDAQ:MBUU) Surprises With Strong Q4
Recreational boats manufacturer Malibu Boats (NASDAQ:MBUU) reported Q4 CY2024 results exceeding the market’s revenue expectations, but sales fell by 5.1% year on year to $200.3 million. Its non-GAAP profit of $0.31 per share was 73.6% above analysts’ consensus estimates.
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OneWater (NASDAQ:ONEW) Reports Strong Q4, Stock Jumps 11.6%
Boat and marine products retailer OneWater Marine (NASDAQ:ONEW) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 3.2% year on year to $375.8 million. On the other hand, the company’s full-year revenue guidance of $1.78 billion at the midpoint came in 1.7% below analysts’ estimates. Its non-GAAP loss of $0.54 per share was 36% above analysts’ consensus estimates.
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ServiceNow Stock Plunges on Slowing Subscription Revenue Growth Forecast
Shares of ServiceNow are tanking 9% in premarket trading Thursday, as the software and IT services provider posted slower subscription revenue growth than it had forecast earlier and projected a slight decline in first-quarter growth.
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Comcast (NASDAQ:CMCSA) Surprises With Q4 Sales
Telecommunications and media company Comcast (NASDAQ:CMCSA) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 2.1% year on year to $31.92 billion. Its non-GAAP profit of $0.96 per share was 11.4% above analysts’ consensus estimates.
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Allegro MicroSystems’s (NASDAQ:ALGM) Q4 Sales Top Estimates But Stock Drops
Chip designer Allegro MicroSystems (NASDAQ:ALGM) announced better-than-expected revenue in Q4 CY2024, but sales fell by 30.2% year on year to $177.9 million. Guidance for next quarter’s revenue was better than expected at $185 million at the midpoint, 0.7% above analysts’ estimates. Its GAAP loss of $0.04 per share was in line with analysts’ consensus estimates.
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Tractor Supply (NASDAQ:TSCO) Posts Q4 Sales In Line With Estimates But Stock Drops
Rural goods retailer Tractor Supply (NASDAQ:TSCO) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 3.1% year on year to $3.77 billion. Its GAAP profit of $0.44 per share was 3.3% below analysts’ consensus estimates.
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Norway's wealth fund sticks to investments in renewables despite market setbacks
Norway's $1.8 trillion wealth fund, the world's largest, remains committed to investments in renewable assets despite recent market setbacks and will seek opportunities in both the listed and private markets, a senior fund official said on Thursday. Renewable energy assets have significantly underperformed in the market in 2024, with some previous investor favourites such as Danish offshore wind developer Orsted taking big hits to their valuations. The fund's own investments in unlisted renewable energy infrastructure, which includes stakes in offshore wind farms with Orsted and in Spanish utility Iberdrola's renewables portfolio, posted on Wednesday a negative return of -10% for 2024.
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Hearing-Aid Maker Transforms Into Unlikely AI Stock Winner
(Bloomberg) -- Hearing-aid makers have become one of the stock market’s less likely artificial intelligence plays.Most Read from BloombergManhattan’s Morning Commute Time Drops With New Congestion TollTrump's Federal Funding Pause Threatens State Financials Housing Aid Uncertain After Trump’s Spending Freeze MemoUS Students’ Reading Scores Drop to Worst in More Than 20 YearsTexas HOA Charged With Discrimination for Banning Section 8 RentersShares of Sonova Holding AG, a Swiss hearing-aid maker,
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CSW (NASDAQ:CSWI) Exceeds Q4 Expectations
Industrial products company CSW (NASDAQ:CSWI) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 10.7% year on year to $193.6 million. Its non-GAAP profit of $1.48 per share was 3.2% above analysts’ consensus estimates.
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Wall Street expects airlines to see sustained demand for travel this year
Airlines expect a strong tailwind from travel demand in 2025, even though carriers could be hedged in by capacity issues. United Airlines, Delta Air Lines and several other U.S.-based carriers have all given investors strong forecasts for the year. Wall Street expects major airlines to increase revenue and profit in 2025.
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UPS Stock Leads S&P Decliners on Weaker-Than-Expected Q4 Results
United Parcel Service shares sank 15% Thursday morningafter the shipping giant reported worse-than-expected fourth-quarter results.
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