Online fashion resale marketplace ThredUp (NASDAQ:TDUP) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 17.4% year on year to $67.27 million. On the other hand, next quarter’s outlook exceeded expectations with revenue guided to $68.5 million at the midpoint, or 4.7% above analysts’ estimates. Its GAAP loss of $0.19 per share was significantly below analysts’ consensus estimates.
Identity management software maker Okta (OKTA) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 12.7% year on year to $682 million. Guidance for next quarter’s revenue was better than expected at $679 million at the midpoint, 1.3% above analysts’ estimates. Its non-GAAP profit of $0.78 per share was 6% above analysts’ consensus estimates.
The AI trade continued to falter on Monday, with Nvidia stock slumping into bear territory. Equities nosedived after President Trump reiterated plans for a 25% tariff on Canadian and Mexican imports starting tomorrow.
Shares in BAE Systems, Rheinmetall and Leonardo all added to strong gains this year on Monday amid expectations of rising European defense spending.
Diagnostics company Guardant Health (NASDAQ:GH) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 30.2% year on year to $201.8 million. Its GAAP loss of $0.90 per share was 12.4% below analysts’ consensus estimates.
So far this year, European equities have outperformed U.S. stocks by the widest margin since 2000 amid optimism about a stabilizing economy, and the prospect of increased fiscal stimulus and an end to war in Ukraine.
Shares of digital media measurement and analytics provider DoubleVerify (NYSE:DV) jumped 10.4% in the afternoon session after the stock rebounded from its large post-earnings drop as Bank of America upgraded its rating from Sell to Hold, citing limited downsides, given the combination of "conservative guidance, forthcoming product cycles, and a duopoly position in the ad verification market." The large post-earnings drop is likely spurring some investors to look at the name and re-assess at the
(Bloomberg) -- Sunnova Energy International Inc. shares plunged 71% as the company warned there’s substantial doubt it will remain in business. That came less than a week after First Solar Inc., the biggest US solar manufacturer, said it was seeing increasing customer delays. And it was also on the heels of Sunrun Inc., the biggest US residential solar company, saying it expects installation volumes to be flat this year. Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD
Tariff fears and soft economic data have traders debating whether a recession is on the horizon.
Drugmaker AbbVie has agreed to license a weight-loss drug currently in development from Gubra for up to about $2.2 billion, marking its entry into the obesity treatment market.