Reddit stock tumbles as daily active users fall short of estimates
In addition to a miss on quarterly EPS, Reddit's daily active users in the December quarter hit 101.7 million, less than the 103.8 million expected.
In addition to a miss on quarterly EPS, Reddit's daily active users in the December quarter hit 101.7 million, less than the 103.8 million expected.
Donald Trump Jr. and Eric Trump are participating in Dominari Holdings' private placement and are joining its advisory board.
CVS CEO David Joyner just finished his first full quarter at the helm. He spoke with Yahoo Finance about the conservative strategy he's implementing.
Enterprise workflow software provider Pegasystems (NASDAQ:PEGA) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 3.5% year on year to $490.8 million. The company’s full-year revenue guidance of $1.6 billion at the midpoint came in 1.1% above analysts’ estimates. Its non-GAAP profit of $1.61 per share was 9.8% above analysts’ consensus estimates.
Banking software provider Q2 (NYSE:QTWO) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 12.9% year on year to $183 million. Guidance for next quarter’s revenue was better than expected at $186 million at the midpoint, 0.8% above analysts’ estimates. Its GAAP loss of $0 per share was significantly above analysts’ consensus estimates.
Healthcare diagnostics company QuidelOrtho (NASDAQ:QDEL) reported Q4 CY2024 results topping the market’s revenue expectations, but sales fell by 4.7% year on year to $707.8 million. On the other hand, the company’s full-year revenue guidance of $2.71 billion at the midpoint came in 2.2% below analysts’ estimates. Its non-GAAP profit of $0.63 per share was 8.5% above analysts’ consensus estimates.
Apple is reportedly preparing to launch its next iPhone SE, but one analyst warns against being too optimistic about the phone's impact on Apple's bottom line.
Stocks wobbled on Wednesday as hotter inflation pushed back interest rate cut hopes.
Mobile app advertising platform AppLovin (NASDAQ: APP) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 44% year on year to $1.37 billion. On top of that, next quarter’s revenue guidance ($1.37 billion at the midpoint) was surprisingly good and 3.7% above what analysts were expecting. Its GAAP profit of $1.73 per share was 37.5% above analysts’ consensus estimates.
Waste management company Casella (NASDAQ:CWST) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 18.9% year on year to $427.5 million. The company’s full-year revenue guidance of $1.79 billion at the midpoint came in 3.2% above analysts’ estimates. Its non-GAAP profit of $0.41 per share was significantly above analysts’ consensus estimates.