E-commerce florist and gift retailer 1-800-FLOWERS (NASDAQ:FLWS) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 5.7% year on year to $775.5 million. Its non-GAAP profit of $1.08 per share was 9.2% below analysts’ consensus estimates.
Specialty vehicles contractor Oshkosh (NYSE:OSK) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 6.3% year on year to $2.62 billion. The company’s full-year revenue guidance of $10.6 billion at the midpoint came in 3.4% above analysts’ estimates. Its non-GAAP profit of $2.58 per share was 18.2% above analysts’ consensus estimates.
Recreational boats manufacturer Malibu Boats (NASDAQ:MBUU) reported Q4 CY2024 results exceeding the market’s revenue expectations, but sales fell by 5.1% year on year to $200.3 million. Its non-GAAP profit of $0.31 per share was 73.6% above analysts’ consensus estimates.
Boat and marine products retailer OneWater Marine (NASDAQ:ONEW) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 3.2% year on year to $375.8 million. On the other hand, the company’s full-year revenue guidance of $1.78 billion at the midpoint came in 1.7% below analysts’ estimates. Its non-GAAP loss of $0.54 per share was 36% above analysts’ consensus estimates.
Shares of ServiceNow are tanking 9% in premarket trading Thursday, as the software and IT services provider posted slower subscription revenue growth than it had forecast earlier and projected a slight decline in first-quarter growth.
Telecommunications and media company Comcast (NASDAQ:CMCSA) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 2.1% year on year to $31.92 billion. Its non-GAAP profit of $0.96 per share was 11.4% above analysts’ consensus estimates.
Chip designer Allegro MicroSystems (NASDAQ:ALGM) announced better-than-expected revenue in Q4 CY2024, but sales fell by 30.2% year on year to $177.9 million. Guidance for next quarter’s revenue was better than expected at $185 million at the midpoint, 0.7% above analysts’ estimates. Its GAAP loss of $0.04 per share was in line with analysts’ consensus estimates.
Rural goods retailer Tractor Supply (NASDAQ:TSCO) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 3.1% year on year to $3.77 billion. Its GAAP profit of $0.44 per share was 3.3% below analysts’ consensus estimates.
Norway's $1.8 trillion wealth fund, the world's largest, remains committed to investments in renewable assets despite recent market setbacks and will seek opportunities in both the listed and private markets, a senior fund official said on Thursday. Renewable energy assets have significantly underperformed in the market in 2024, with some previous investor favourites such as Danish offshore wind developer Orsted taking big hits to their valuations. The fund's own investments in unlisted renewable energy infrastructure, which includes stakes in offshore wind farms with Orsted and in Spanish utility Iberdrola's renewables portfolio, posted on Wednesday a negative return of -10% for 2024.