Altman met with India's IT Minister Ashwini Vaishnaw and discussed India's plan of creating a low-cost AI ecosystem. Altman lauded the country’s rapid AI adoption and growing ambitions. Vaishnaw posted on X that he had a "super cool discussion" with Altman on India's "strategy of creating the entire AI stack - GPUs, model, and apps" and that OpenAI was willing to collaborate on all three.
Industrial construction and maintenance company Matrix Service (NASDAQ:MTRX) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 6.9% year on year to $187.2 million. On the other hand, the company’s full-year revenue guidance of $875 million at the midpoint came in 4.3% below analysts’ estimates. Its non-GAAP loss of $0.20 per share was 11.1% above analysts’ consensus estimates.
Industrial processing equipment and solutions provider Hillenbrand (NYSE:HI) beat Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 8.6% year on year to $706.9 million. On the other hand, next quarter’s revenue guidance of $695 million was less impressive, coming in 4.9% below analysts’ estimates. Its non-GAAP profit of $0.56 per share was 4.5% above analysts’ consensus estimates.
School bus company Blue Bird (NASDAQ:BLBD) reported Q4 CY2024 results exceeding the market’s revenue expectations, but sales fell by 1.2% year on year to $313.9 million. On the other hand, the company’s full-year revenue guidance of $1.45 billion at the midpoint came in 0.6% below analysts’ estimates. Its non-GAAP profit of $0.92 per share was 13.5% above analysts’ consensus estimates.
Arm Holdings reported fiscal third-quarter results that topped Wall Street estimates and raised the midpoint of its narrowed sales outlook.
Global media and publishing company News Corp (NASDAQ:NWSA) reported Q4 CY2024 results topping the market’s revenue expectations, but sales fell by 13.5% year on year to $2.24 billion. Its non-GAAP profit of $0.33 per share was 5.7% above analysts’ consensus estimates.
Automotive manufacturer Ford (NYSE:F) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 4.9% year on year to $48.2 billion. Its non-GAAP profit of $0.39 per share was 20.4% above analysts’ consensus estimates.
Auto parts and accessories retailer O’Reilly Automotive (NASDAQ:ORLY) announced better-than-expected revenue in Q4 CY2024, with sales up 6.9% year on year to $4.10 billion. The company expects the full year’s revenue to be around $17.55 billion, close to analysts’ estimates. Its GAAP profit of $9.50 per share was 2.7% below analysts’ consensus estimates.
Online payroll and human resource software provider Paycor (NASDAQ:PYCR) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 13.1% year on year to $180.4 million. Its non-GAAP profit of $0.14 per share was 21.3% above analysts’ consensus estimates.
American Superconductor Corporation (AMSC) is a leading provider of megawatt-scale power resiliency solutions for the electrical grid and critical naval systems. beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 56% year on year to $61.4 million. On top of that, next quarter’s revenue guidance ($61 million at the midpoint) was surprisingly good and 3.1% above what analysts were expecting. Its non-GAAP profit of $0.16 per share was significantly above analysts’ consensus estimat