Posts with tag: innovation
US stock futures fluctuated ahead of big tech earnings and the Federal Reserve's interest rate decision. Traders will watch for weakness in Microsoft, Meta, and Tesla after concerns about AI competition, while the Fed is expected to keep rates steady but face questions about inflation risks.
Published on: January 29, 2025, 02:04 PM UTC
Wabash National Corp. reports a Q4 loss of $1 million, or 2 cents per share, on revenue of $416.8 million. For the year, the company reports a loss of $284.1 million, or $6.40 per share, on revenue of $1.95 billion. Wabash expects full-year earnings to be 85 cents to $1.05 per share, with revenue in the range of $1.9 billion to $2.1 billion.
Published on: January 29, 2025, 01:10 PM UTC
Silgan Holdings reports better-than-expected Q4 earnings of 85 cents per share; revenue of $1.41 billion also beats estimates.
Published on: January 29, 2025, 01:09 PM UTC
Virtu Financial Inc. (VIRT) reported fourth-quarter profit of $94.1 million, exceeding Wall Street expectations. Adjusted earnings were $1.14 per share on revenue of $834.3 million. For the year, the company reported profit of $276.4 million on revenue of $1.6 billion.
Published on: January 29, 2025, 01:07 PM UTC
Extreme Networks Inc. (EXTR) reported a profit of $7.4 million in its fiscal second quarter, with earnings per share of 6 cents. Adjusted earnings were 21 cents per share, and revenue was $279.4 million. For the current quarter ending in March, Extreme Networks expects earnings per share to range from 16 to 20 cents, and revenue to range from $276 million to $284 million.
Published on: January 29, 2025, 01:06 PM UTC
M/I Homes reports fourth-quarter net income, revenue misses estimates.
Published on: January 29, 2025, 01:05 PM UTC
Investors anticipate the Federal Reserve's policy meeting with little surprise but wonder how Chair Powell will address the impact of Trump's trade policies and rate cut demands.
Published on: January 29, 2025, 01:01 PM UTC
Prosperity Bancshares (PB) reported Q4 EPS of $1.37, beating estimates by $0.04. Revenue of $450.8M, above consensus of $302.8M. Zacks Equity Research report.
Published on: January 29, 2025, 12:05 PM UTC
US oil refiners brace for sharp Q4 profit decline amid softening demand, tariff uncertainty.
Published on: January 29, 2025, 12:00 PM UTC
Goldman Sachs strategists downplay the tech-led selloff in US equities, citing a positive economic outlook and historically supportive conditions for risk assets. While DeepSeek's AI model raised concerns, they believe weakness in stocks will be limited due to falling interest rates and moderating inflation.
Published on: January 29, 2025, 12:00 PM UTC