Electrical energy control systems manufacturer Powell (NYSE:POWL) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 24.4% year on year to $241.4 million. Its GAAP profit of $2.86 per share was 9.4% above analysts’ consensus estimates.
Payroll and human resources software provider, Paylocity (NASDAQ:PCTY) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 15.5% year on year to $377 million. Guidance for next quarter’s revenue was better than expected at $441.5 million at the midpoint, 1.9% above analysts’ estimates. Its non-GAAP profit of $1.52 per share was 6.6% above analysts’ consensus estimates.
She said she would view the combination of slowing inflation and a strong labor market as evidence that monetary policy was not meaningfully restrictive. While good news, she said in remarks prepared for delivery to a Bank for International Settlements conference in Mexico City, "it wouldn't necessarily allow the (Fed) to cut rates soon."
(Bloomberg) -- US Treasury Secretary Scott Bessent said he favors a strong dollar and has no plans to alter the government’s debt-issuance plans, showing a cautious approach toward financial markets from an administration that’s elsewhere rapidly upending the status quo.Most Read from BloombergCitadel to Leave Namesake Chicago Tower as Employees RelocateNYC Sees Pedestrian Traffic Increase in Congestion-Pricing ZoneTransportation Memos Favor Places With Higher Birth and Marriage RatesState Farm
Transportation and logistics solutions provider Universal Logistics (NASDAQ:ULH) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 19% year on year to $465.1 million. Its GAAP profit of $0.77 per share was 17.2% below analysts’ consensus estimates.
Action camera company GoPro (NASDAQ:GPRO) reported Q4 CY2024 results exceeding the market’s revenue expectations, but sales fell by 32% year on year to $200.9 million. On the other hand, next quarter’s revenue guidance of $125 million was less impressive, coming in 8.8% below analysts’ estimates. Its non-GAAP loss of $0.09 per share was 21.7% above analysts’ consensus estimates.
Precision measurement company Mettler-Toledo (NYSE:MTD) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 11.8% year on year to $1.05 billion. Its non-GAAP profit of $12.41 per share was 5.8% above analysts’ consensus estimates.
Cloud security and compliance software provider Qualys (NASDAQ:QLYS) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 10.1% year on year to $159.2 million. The company expects next quarter’s revenue to be around $157 million, close to analysts’ estimates. Its non-GAAP profit of $1.60 per share was 17.2% above analysts’ consensus estimates.
Freight delivery company Werner (NASDAQ:WERN) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 8.2% year on year to $754.7 million. Its non-GAAP profit of $0.08 per share was 63.1% below analysts’ consensus estimates.
Genomics company Illumina (NASDAQ:ILMN) reported Q4 CY2024 results exceeding the market’s revenue expectations, but sales were flat year on year at $1.1 billion. On the other hand, the company’s full-year revenue guidance of $4.34 billion at the midpoint came in 1.2% below analysts’ estimates. Its non-GAAP profit of $0.86 per share was 6.9% below analysts’ consensus estimates.