Semiconductor testing company FormFactor (NASDAQ:FORM) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 12.7% year on year to $189.5 million. On the other hand, next quarter’s revenue guidance of $170 million was less impressive, coming in 11.6% below analysts’ estimates. Its non-GAAP profit of $0.27 per share was 7.3% below analysts’ consensus estimates.
Engineering and design software provider PTC (NASDAQ:PTC) reported Q4 CY2024 results beating Wall Street’s revenue expectations, with sales up 2.7% year on year to $565.1 million. On the other hand, next quarter’s revenue guidance of $605 million was less impressive, coming in 5.8% below analysts’ estimates. Its GAAP profit of $0.68 per share was 26.6% above analysts’ consensus estimates.
Alphabet shares fell sharply Wednesday as investors responded to the Google parent's weaker-than-expected revenue numbers and big AI spending plans. Monitor these important chart levels.
Palantir stock is trading at a lofty valuation "which history suggests is nearly impossible to grow into," Deutsche Bank's Brad Zelnick said.
Advanced Micro Devices shares plunged Wednesday and several analysts lowered their price targets after the chipmaker’s data center sales missed expectations.
Shares of FMC Corp. lost roughly a third of their value Wednesday, making the stock by far the biggest decliner in the S&P 500 after it reported a net loss for the fourth quarter.
Shares of several tech companies specializing in artificial intelligence products soared Wednesday after Google parent Alphabet said it plans to ramp up spending on AI.
Shares of Google parent Alphabet tumbled Wednesday as several analysts lowered their price targets for the stock, citing concerns about the tech giant's weaker-than-expected cloud growth and plans to ramp up spending on AI.
(Bloomberg) -- Legendary short seller Jim Chanos says no one can see the biggest risks facing US markets over the next six to 12 months — because the challenges are going to be unpredictable events, like last month’s DeepSeek collapse that wiped out roughly $1 trillion in market value from US stocks. Most Read from BloombergState Farm Seeks Emergency California Rate Hike After FiresTransportation Memos Favor Places With Higher Birth and Marriage RatesCitadel to Leave Namesake Chicago Tower as Em
Shares of aircraft leasing company FTAI Aviation (NASDAQ:FTAI) jumped 5.2% in the afternoon session after Benchmark analysts reaffirmed their Buy rating and set a $300 price target, suggesting shares could more than double from current levels following a meeting with CEO Joe Adams, who addressed concerns raised in a January 2025 short report by Muddy Waters Research.