Shares of fashion brand Ralph Lauren (NYSE:RL) jumped 15.9% in the morning session after the company reported strong fourth-quarter results, which blew past analysts' constant currency revenue expectations, reflecting better-than-expected holiday performance across all geographies. Looking ahead, its revenue guidance for 2025 of 6-7% growth is quite healthy. Overall, we think this was a decent quarter with some key metrics above expectations.
Shares of american Superconductor Corporation (AMSC) jumped 35.3% in the afternoon session after the company reported impressive quarterly results, with sales and earnings significantly exceeding analysts' expectations. Notably, revenue grew 56% y/y, driven by organic expansion and contributions from the acquisition of NWL, Inc. On the other hand, its EPS guidance for the next quarter missed significantly. Despite the weak earnings outlook, the company emphasized its strong backlog, bookings, a
Shares of metal packaging products manufacturer Crown Holdings (NYSE:CCK) jumped 8.1% in the pre-market session after the company reported decent fourth quarter results, with EPS exceeding Wall Street estimates and next-quarter guidance coming in well above analysts' expectations. Sales were in line, driven by higher global beverage can volumes and increased North American food can shipments. On the other hand, its EBITDA missed and its full-year EPS guidance was in line with Wall Street's estim
Shares of chocolate company Hershey (NYSE:HSY) jumped 6.9% in the pre-market session after the company reported strong fourth-quarter results, which blew past analysts' gross margin and organic revenue estimates. Looking ahead, Hershey expects at least 2% revenue growth in 2025, but earnings are projected to decline due to continued pressure from high cocoa prices and increased operating expenses. Overall, we think this was a decent quarter with some key metrics above expectations.
Shares of luxury fashion conglomerate Tapestry (NYSE:TPR) jumped 18.3% in the pre-market session after the company delivered a "beat-and-raise" quarter, its first since the $8.5 billion acquisition of Capri Holdings was called off due to antitrust concerns. Tapestry blew past analysts' constant currency revenue expectations. Its full-year revenue guidance was lifted, and full-year EPS guidance came in much higher than Wall Street's estimates. You may have noticed that EPS missed, but this was la
Shares of automotive manufacturer Ford (NYSE:F) fell 6.8% in the morning session after the company reported underwhelming fourth-quarter results, as 2025 guidance threw some cold water on things. The outlook was in line to below expectations and "presumes headwinds related to market factors." On the other hand, Ford blew past analysts' sales volume expectations this quarter. Its revenue also outperformed Wall Street's estimates by a wide margin. Overall, this was a mixed yet weaker quarter.
Luxury Clothing Brand Among Biggest S&P 500 Gainers Thursday
(Bloomberg) -- Bank of England Governor Andrew Bailey cautioned markets against reading too much into how policymakers voted this month after a surprise switch by one official prompted investors to boost bets on more interest-rate reductions. Most Read from BloombergCitadel to Leave Namesake Chicago Tower as Employees RelocateTransportation Memos Favor Places With Higher Birth and Marriage RatesState Farm Seeks Emergency California Rate Hike After FiresNYC Sees Pedestrian Traffic Increase in Con
U.S. equities were mixed at midday as the market shifted its focus from events in Washington to the latest corporate earnings reports.
Hershey beat fourth-quarter profit and sales estimates as the chocolate maker's price hikes helped offset the higher cost of cocoa.