Freight carrier Old Dominion (NASDAQ:ODFL) reported Q4 CY2024 results topping the market’s revenue expectations, but sales fell by 7.3% year on year to $1.39 billion. Its GAAP profit of $1.23 per share was 5.9% above analysts’ consensus estimates.
Household products company Reynolds (NASDAQ:REYN) reported Q4 CY2024 results beating Wall Street’s revenue expectations, with sales up 1.4% year on year to $1.02 billion. Its non-GAAP profit of $0.65 per share was 12.5% above analysts’ consensus estimates.
U.S. stock futures fell on Wednesday after disappointing earnings from Alphabet, while the dollar took a dive against the yen, which rallied sharply after Japanese wage data upped the chances of another rate hike. Investors shrugged off comments from President Donald Trump that the U.S. would like to take over the war-ravaged Gaza Strip and develop it economically. S&P 500 futures fell 0.5% and Nasdaq futures lost 0.9%.
Building operations company Johnson Controls (NYSE:JCI) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 4.2% year on year to $5.43 billion. Its non-GAAP profit of $0.64 per share was 8.5% above analysts’ consensus estimates.
(Bloomberg) -- Last week, DeepSeek’s emergence as an AI threat wiped half a trillion dollars of value off Nvidia Corp. Last night, Alphabet Inc.’s disappointing earnings sparked questions about its capital expenditures and put its stock on pace for the worst drop in more than a year.Most Read from BloombergState Farm Seeks Emergency California Rate Hike After FiresTransportation Memos Favor Places With Higher Birth and Marriage RatesNYC’s Newest Transit Leader Builds a Worker-Driven StrategyNew
Honda Motor's U.S.-listed shares are rising in premarket trading following reports that the Japanese automaker’s plans to merge with ailing domestic rival Nissan are in jeopardy.
Uber Technologies shares dropped in premarket trading Wednesday after the ridesharing giant's current-quarter gross bookings outlook came in mostly below analysts' estimates.
Freight Delivery Company RXO (NYSE:RXO) announced better-than-expected revenue in Q4 CY2024, with sales up 70.4% year on year to $1.67 billion. Its non-GAAP profit of $0.06 per share was in line with analysts’ consensus estimates.
Life sciences company Bio-Techne (NASDAQ:TECH) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 9% year on year to $297 million. Its non-GAAP profit of $0.42 per share was 9.3% above analysts’ consensus estimates.