Athletic apparel company Under Armour (NYSE:UAA) reported Q4 CY2024 results beating Wall Street’s revenue expectations, but sales fell by 5.7% year on year to $1.40 billion. Its non-GAAP profit of $0.08 per share was significantly above analysts’ consensus estimates.
Tobacco company Philip Morris International (NYSE:PM) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 7.3% year on year to $9.71 billion. Its non-GAAP profit of $1.55 per share was 3.4% above analysts’ consensus estimates.
Honeywell International, the storied conglomerate which launched a strategic review early last year, announced plans Thursday to split into three independent companies.
Exercise equipment company Peloton (NASDAQ:PTON) announced better-than-expected revenue in Q4 CY2024, but sales fell by 9.4% year on year to $673.9 million. On the other hand, next quarter’s revenue guidance of $615 million was less impressive, coming in 6% below analysts’ estimates. Its GAAP loss of $0.24 per share was 25.9% below analysts’ consensus estimates.
Luxury fashion conglomerate Tapestry (NYSE:TPR) announced better-than-expected revenue in Q4 CY2024, with sales up 5.3% year on year to $2.20 billion. The company’s full-year revenue guidance of $6.85 billion at the midpoint came in 1.4% above analysts’ estimates. Its GAAP profit of $1.38 per share was 12.7% below analysts’ consensus estimates.
Healthcare tech company Omnicell (NASDAQ:OMCL) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 18.6% year on year to $306.9 million. On the other hand, next quarter’s revenue guidance of $260 million was less impressive, coming in 2% below analysts’ estimates. Its non-GAAP profit of $0.60 per share was 2.8% above analysts’ consensus estimates.
Q4 2024 data released by freight audit and payment provider U.S. Bank showed a trucking industry continuing to battle cyclical and structural headwinds. The post Q4 freight data shows market reboot slower than anticipated appeared first on FreightWaves.
Industrial conglomerate Honeywell (NASDAQ:HON) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 6.9% year on year to $10.09 billion. On the other hand, the company’s full-year revenue guidance of $40.1 billion at the midpoint came in 2.8% below analysts’ estimates. Its non-GAAP profit of $2.47 per share was 6.4% above analysts’ consensus estimates.
With tariff tensions easing a touch for now and price pressures coming off the boil, U.S. Treasury yields have plunged this week - defusing a tense January for bond markets and helping stocks find a foothold in the thick of a noisy earnings season. Although they backed up a touch early Thursday, 10-year Treasury yields have sliced below 4.5% - dropping more than 10 basis points at one point on Wednesday to their lowest of the year as January ISM service sector readings showed a surprise drop in the prices paid by businesses. Along with the prior day's news on some cooling of the labor market and this week's delays in U.S. tariff hikes on Mexico and Canada, the drop in yields came largely independently of futures thinking on Federal Reserve interest rates.