Healthcare products company West Pharmaceutical Services (NYSE:WST) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 2.3% year on year to $748.8 million. On the other hand, the company’s full-year revenue guidance of $2.89 billion at the midpoint came in 5% below analysts’ estimates. Its non-GAAP profit of $1.82 per share was 5.3% above analysts’ consensus estimates.
Honda's U.S.-listed shares are rising in premarket trading after the Japanese automaker and ailing domestic rival Nissan said they have called off merger plans announced in December.
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Semiconductor maker Himax Technologies (NASDAQ:HIMX) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 4.2% year on year to $237.2 million. On top of that, next quarter’s revenue guidance ($212.3 million at the midpoint) was surprisingly good and 5.8% above what analysts were expecting. Its GAAP profit of $0.14 per share was 40% above analysts’ consensus estimates.
(Reuters) -The S&P 500 ended higher on Thursday, lifted by gains in Nvidia, Apple and Tesla, after U.S. President Donald Trump unveiled a roadmap for charging reciprocal tariffs on U.S. trading partners. A White House official said the tariffs would match the higher duties charged by other countries and could be imposed within weeks as Trump's trade and economic team studies bilateral tariff and trade relationships. Healthcare, with a nearly 20% weighting in the core PCE, declined 0.06%.
(Bloomberg) -- A Singapore government-led review group proposed tax incentives to revitalize the stock market, the first steps taken in a market plagued by low liquidity and a dearth of new listings.The proposals include tax measures to attract enterprises to list in Singapore, as well as encourage fund managers to boost the launch and growth of funds with substantial investment in domestic equities, according to a statement from the Monetary Authority of Singapore on Thursday. The review group
(Bloomberg) -- Rising instability among some of the biggest US stocks is driving a measure of single-stock “fragility” to record levels, with the market increasingly vulnerable to whipsaw patterns among clusters of shares such as occurred in the dot-com bubble of the late 1990s.Stock fragility, a measure of a company’s daily share-price move relative to its recent volatility, is on track to reach its highest in more than 30 years among the largest 50 stocks in the S&P 500 Index, based on the ave
(Bloomberg) -- A bearish trade is looming for US equities, according to Goldman Sachs Group Inc.’s Scott Rubner.The market is increasingly crowded and dip-buying is running out of steam, Rubner said. The managing director for global markets and tactical specialist was rightfully bullish heading into 2025, while touting an upcoming negative turn. In a note on Wednesday, he said this was his “last bullish email” for the first quarter.“Everyone is in the pool, including retail traders, 401k inflows
Shares in Spanish travel technology company HBX Group plunged on their market debut on Thursday, erasing 236 million euros of its market value. HBX Group, which owns the Hotelbeds brand, had priced its shares at 11.50 euros earlier in the week for a 2.84 billion euro ($2.96 billion) valuation, in one of the euro zone's first initial public offerings of the year. The Madrid-listed shares, however, were down 8.3% at 10.54 euros by 0920 GMT while the blue-chip IBEX-35 index was unchanged.
Looking back on medical devices & supplies - cardiology, neurology, vascular stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Penumbra (NYSE:PEN) and its peers.