Shares of Enphase Energy fell sharply in premarket trading Wednesday, a day after the solar and battery systems provider's first-quarter results fell short of analysts' estimates and it warned of an expected hit to gross margins because of tariffs on China.
Boeing shares jumped Wednesday after the plane maker's first-quarter adjusted loss came in much smaller than anticipated.
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Freight carrier Old Dominion (NASDAQ:ODFL) met Wall Street’s revenue expectations in Q1 CY2025, but sales fell by 5.8% year on year to $1.37 billion. Its GAAP profit of $1.19 per share was 4.1% above analysts’ consensus estimates.
(Reuters) -Swiss chocolate maker Lindt & Spruengli said it is still working out how to deal with the escalating trade war launched by U.S. President Donald Trump and has temporarily increased stocks in Canada to cushion the impact of tariffs. The company said in March it would supply chocolate made in Europe to Canada to avoid tariffs imposed to counter higher U.S. customs duties. The spokesperson said that shifting sourcing of products sold in Canada to Europe was "one option that is being discussed", but the company has not yet decided how to proceed.
GE Vernova shares surged Wednesday after the firm's first-quarter results topped analysts' estimates.
Global stock indexes are jumping after President Donald Trump said he has "no intention" of firing Federal Reserve Chair Jerome Powell and plans to be "very nice" to China.
Investor optimism built off Bessent's remarks went into overdrive after President Donald Trump told reporters in the Oval Office that he had "no intention" of firing Fed Chair Jerome Powell.
Data center products and services company Vertiv (NYSE:VRT) announced better-than-expected revenue in Q1 CY2025, with sales up 24.2% year on year to $2.04 billion. On top of that, next quarter’s revenue guidance ($2.35 billion at the midpoint) was surprisingly good and 3.7% above what analysts were expecting. Its non-GAAP profit of $0.64 per share was 3.9% above analysts’ consensus estimates.