Electric vehicle pioneer Tesla (NASDAQ:TSLA) fell short of the market’s revenue expectations in Q1 CY2025, with sales falling 9.2% year on year to $19.34 billion. Its GAAP profit of $0.12 per share was 58.4% below analysts’ consensus estimates.
The provider of systems to run finance, sales, supply chain and other corporate functions on Tuesday reported an adjusted operating profit of 2.5 billion euros ($2.86 billion) for the first quarter, beating analysts' expectations for 2.22 billion. Analysts said the stock performance was due to improved results on the most important metrics - free cash flow, cloud order backlog and operating profit - and SAP maintaining its outlook for cloud revenues in a range of 21.6 billion euros ($24.60 billion) to 21.9 billion euros for this year. Finance chief Dominik Asam said the operating profit was "testament to our cost discipline".
The S&P 500 climbed 2.5% after a broad market selloff on Monday.
Home energy technology company Enphase (NASDAQ:ENPH) missed Wall Street’s revenue expectations in Q1 CY2025, but sales rose 35.2% year on year to $356.1 million. Next quarter’s revenue guidance of $360 million underwhelmed, coming in 4% below analysts’ estimates. Its non-GAAP profit of $0.68 per share was 6% below analysts’ consensus estimates.
Luxury casino and resort operator Monarch (NASDAQ:MCRI) reported revenue ahead of Wall Street’s expectations in Q1 CY2025, with sales up 3.1% year on year to $125.4 million. Its GAAP profit of $1.05 per share was 6.1% above analysts’ consensus estimates.
As gold prices keep hitting record highs, Jefferies analysts said shares of companies that mine the precious metal could still have room to rise.
(Bloomberg) -- Wall Street pros have a warning for investors eager to jump back into the stock market as it rebounds Tuesday: Watch out for headfakes in the middle of a longer-term decline.Most Read from BloombergTrump Gives New York ‘One Last Chance’ to End Congestion FeeDOGE Visits National Gallery of Art to Discuss Museum’s Legal StatusThe Racial Wealth Gap Is Not Just About Money“We call it the ‘pull the football’ market,” said Joe Saluzzi, co-manager of trading at Themis Trading, referring
A number of stocks jumped in the afternoon session after investor sentiment improved on renewed optimism that the US-China trade conflict might be nearing a resolution. According to reports, Treasury Secretary Scott Bessent reinforced this positive outlook by describing the trade war as "unsustainable," and emphasized that a potential agreement between the two economic powers "was possible." His comments signaled to markets that both sides might be motivated to seek common ground, raising expect
A number of stocks jumped in the afternoon session after investor sentiment improved on renewed optimism that the US-China trade conflict might be nearing a resolution. According to reports, Treasury Secretary Scott Bessent reinforced this positive outlook by describing the trade war as "unsustainable," and emphasized that a potential agreement between the two economic powers "was possible." His comments signaled to markets that both sides might be motivated to seek common ground, raising expect
A number of stocks jumped in the afternoon session after investor sentiment improved on renewed optimism that the US-China trade conflict might be nearing a resolution. According to reports, Treasury Secretary Scott Bessent reinforced this positive outlook by describing the trade war as "unsustainable," and emphasized that a potential agreement between the two economic powers "was possible." His comments signaled to markets that both sides might be motivated to seek common ground, raising expect