Meta shares extended their record winning streak yesterday to 16 consecutive trading sessions, the longest run of wire-to-wire green days of any Magnificent Seven stock. Monitor these key chart levels.
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S&P Global on Tuesday forecast 2025 adjusted earnings per share above Wall Street estimates, as the financial information company anticipated increasing demand for its data and analytics offerings amid macroeconomic uncertainty. Demand for market analytical tools has risen as investors try to capture alpha in a post-U.S. election market rally over anticipation of deregulation and tax cuts under the Trump administration. The New York-based company, which is the largest credit ratings agency in the U.S., also announced a $650 million accelerated share repurchase program.
Fiber laser manufacturer IPG Photonics (NASDAQ:IPGP) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, but sales fell by 21.6% year on year to $234.3 million. On the other hand, next quarter’s revenue guidance of $225 million was less impressive, coming in 3.8% below analysts’ estimates. Its GAAP profit of $0.18 per share was 11.3% below analysts’ consensus estimates.
Don't rule out a rate hike this year — maybe sooner than you think, prominent economist Torsten Sløk said.
Healthcare royalties company Royalty Pharma (NASDAQ:RPRX) missed Wall Street’s revenue expectations in Q4 CY2024, with sales flat year on year at $594 million. Its GAAP profit of $0.57 per share was significantly above analysts’ consensus estimates.
Global hospitality company Marriott (NASDAQ:MAR) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 5.5% year on year to $6.43 billion. Its non-GAAP profit of $2.45 per share was 2.7% above analysts’ consensus estimates.
E-commerce software platform Shopify (NYSE:SHOP) announced better-than-expected revenue in Q4 CY2024, with sales up 31.2% year on year to $2.81 billion. The company expects next quarter’s revenue to be around $2.33 billion, close to analysts’ estimates. Its GAAP profit of $0.99 per share was significantly above analysts’ consensus estimates.
Coca-Cola reported better-than-expected fourth-quarter results, sending shares of the world's biggest soft drink maker higher Tuesday.
The damaging impact of Rachel Reeves as Chancellor continues to be revealed in every nook and cranny of the economy.