Social commerce platform Pinterest (NYSE: PINS) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 17.6% year on year to $1.15 billion. Guidance for next quarter’s revenue was better than expected at $844.5 million at the midpoint, 1% above analysts’ estimates. Its non-GAAP profit of $0.56 per share was 13.5% below analysts’ consensus estimates.
Online travel agency Expedia (NASDAQ:EXPE) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 10.3% year on year to $3.18 billion. Its non-GAAP profit of $2.39 per share was 13.9% above analysts’ consensus estimates.
Arm and Qualcomm stocks dropped more than 4% Thursday despite their above-forecast quarterly earnings results the day prior — a sign that investors aren’t so patiently waiting to see if artificial intelligence will drive a wave of demand for consumer devices that rely on the companies’ chips.
Cloud computing and online retail behemoth Amazon (NASDAQ:AMZN) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 10.5% year on year to $187.8 billion. On the other hand, next quarter’s revenue guidance of $153.3 billion was less impressive, coming in 3.4% below analysts’ estimates. Its GAAP profit of $1.86 per share was 25.4% above analysts’ consensus estimates.
Shares of ride sharing service Lyft (NASDAQ: LYFT) jumped 5.3% in the afternoon session after the company announced a partnership with Amazon and AI startup Anthropic to develop artificial intelligence tools for customer care. It noted that some of its existing AI deployments have drastically reduced customer service resolution times. Jason Vogrinec, executive vice president of platforms at Lyft, added, "We see AI as an opportunity to improve the quality and effectiveness of our operations, not
Shares of tobacco company Philip Morris International (NYSE:PM) jumped 10.5% in the afternoon session after the company reported strong fourth-quarter results that beat analysts' revenue expectations, driven by its 9% sales growth in the Smoke-free division. Specifically, the division's growth was led by a 46% increase in unit sales of nicotine pouches like ZYN. In addition, its gross margin, EPS, and EPS guidance were higher than Wall Street's estimates. Overall, this quarter had some key posit
Palantir shares surged to an all-time high Thursday, extending gains earlier in the week after the company gave a stronger-than-expected outlook on growing demand for its Artificial Intelligence Platform.
Audio technology Sonos company (NASDAQ:SONO) announced better-than-expected revenue in Q4 CY2024, but sales fell by 10.1% year on year to $550.9 million. Its non-GAAP profit of $0.64 per share was significantly above analysts’ consensus estimates.
Skyworks Solutions' stock plummeted more than 24% Thursday after the analogue chipmaker projected a slowdown in its mobile business revenue. Monitor these longer-term price levels on the monthly chart.
Banks this week sold $5.5 billion in debt tied to Elon Musk’s 2022 buyout of Twitter, signaling that Wall Street's confidence in Musk is rising alongside the billionaire’s elevated status in Washington.