Banks this week sold $5.5 billion in debt tied to Elon Musk’s 2022 buyout of Twitter, signaling that Wall Street's confidence in Musk is rising alongside the billionaire’s elevated status in Washington.
Hilton shares hit a record high Thursday as executives said the hotel chain has seen an uptick in business demand.
Roblox shares swooned Thursday after the online game platform reported fewer-than-expected users during the fourth quarter.
Shares of healthcare insurance company Molina Healthcare (NYSE:MOH) fell 10.6% in the pre-market session after the company reported underwhelming fourth quarter results, with EPS missing Wall Street estimates and full-year EPS guidance falling significantly short. However, full-year revenue guidance slightly exceeded analysts' expectations, and revenue outperformed estimates. Overall, the results were mixed.
Shares of vocational education Universal Technical Institute (NYSE:UTI) jumped 14.2% in the pre-market session after the company reported fourth-quarter results that significantly exceeded analysts' sales expectations. The top line was driven primarily by a 22.3% increase in new student starts and an 11.1% rise in average full-time active students. Additionally, EBITDA outperformed Wall Street estimates by a wide margin, reflecting strong operational performance. The slight rise in full-year re
Shares of fast-food company Yum! Brands (NYSE:YUM) jumped 8.1% in the morning session after the company reported fourth-quarter results that met analysts' expectations for same-store sales, leading to in-line revenue. On the bottom line, EPS beat slightly. While there was no specific 2025 guidance, management noted that this year should be another one following their long-term growth algorithm. Overall, this was a solid quarter with no major surprises.
Shares of exercise equipment company Peloton (NASDAQ:PTON) jumped 17.9% in the pre-market session after the company reported strong fourth-quarter results, with EBITDA significantly surpassing Wall Street estimates and guidance for the next quarter coming in well above expectations. Gross margins improved significantly, due to a shift toward higher-margin products and lower costs. This margin expansion helped drive the earnings outperformance despite revenue pressures. Overall, this quarter sh
Shares of fashion brand Ralph Lauren (NYSE:RL) jumped 15.9% in the morning session after the company reported strong fourth-quarter results, which blew past analysts' constant currency revenue expectations, reflecting better-than-expected holiday performance across all geographies. Looking ahead, its revenue guidance for 2025 of 6-7% growth is quite healthy. Overall, we think this was a decent quarter with some key metrics above expectations.
Shares of american Superconductor Corporation (AMSC) jumped 35.3% in the afternoon session after the company reported impressive quarterly results, with sales and earnings significantly exceeding analysts' expectations. Notably, revenue grew 56% y/y, driven by organic expansion and contributions from the acquisition of NWL, Inc. On the other hand, its EPS guidance for the next quarter missed significantly. Despite the weak earnings outlook, the company emphasized its strong backlog, bookings, a
Shares of metal packaging products manufacturer Crown Holdings (NYSE:CCK) jumped 8.1% in the pre-market session after the company reported decent fourth quarter results, with EPS exceeding Wall Street estimates and next-quarter guidance coming in well above analysts' expectations. Sales were in line, driven by higher global beverage can volumes and increased North American food can shipments. On the other hand, its EBITDA missed and its full-year EPS guidance was in line with Wall Street's estim