Office furniture manufacturer MillerKnoll (NASDAQ:MLKN) missed Wall Street’s revenue expectations in Q1 CY2025, with sales flat year on year at $876.2 million. Next quarter’s revenue guidance of $930 million underwhelmed, coming in 3% below analysts’ estimates. Its non-GAAP profit of $0.44 per share was in line with analysts’ consensus estimates.
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Pet-focused retailer Petco (NASDAQ:WOOF) met Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 7.3% year on year to $1.55 billion. On the other hand, next quarter’s revenue guidance of $1.49 billion was less impressive, coming in 4.2% below analysts’ estimates. Its GAAP loss of $0.05 per share was significantly below analysts’ consensus estimates.
Nvidia stock sank after the Financial Times reported Chinese regulators are encouraging firms to use data center chips that meet strict environmental requirements. The guidelines exclude Nvidia's H20 chip, its processor compatible with US export controls for the Chinese market.
Stocks are on shifting sands as markets respond to changes in tone from Trump on coming tariffs.
SailPoint CEO says demand remains very strong.
Nvidia is positioning physical AI as its next big growth opportunity.
Shares of Vertiv Holdings slumped Wednesday after Barclays analysts cut their price target for the maker of cooling systems for AI data centers.
Wells Fargo kicked off coverage of two quick-service food and drink chains, Dutch Bros and Wingstop, with "buy" ratings.
Shares of fabless chip and software maker Broadcom (NASDAQ:AVGO) fell 5.4% in the afternoon session after stocks pulled back (Nasdaq -1.5%, S&P 500 -1.5%) amid fresh concerns about trade tariffs. The pullback followed comments from President Trump clarifying the scope of his administration's 25% tariffs on Venezuela. He noted that it would apply to any country that does business with Venezuela. For example, 25% is on top of the already-in-place 20% tariff on China because China imports oil from