Fragrance and perfume company Inter Parfums (NASDAQ:IPAR) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 10% year on year to $361.5 million. The company’s outlook for the full year was close to analysts’ estimates with revenue guided to $1.51 billion at the midpoint. Its GAAP profit of $0.75 per share was 5.7% below analysts’ consensus estimates.
Discount grocery store chain Grocery Outlet (NASDAQ:GO) announced better-than-expected revenue in Q4 CY2024, with sales up 10.9% year on year to $1.10 billion. The company expects the full year’s revenue to be around $4.75 billion, close to analysts’ estimates. Its non-GAAP profit of $0.15 per share was 10.3% below analysts’ consensus estimates.
Social media management software company Sprout (NASDAQ:SPT) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 14.4% year on year to $107.1 million. On the other hand, next quarter’s revenue guidance of $107.6 million was less impressive, coming in 2.2% below analysts’ estimates. Its non-GAAP profit of $0.19 per share was 25.4% above analysts’ consensus estimates.
Advertising and marketing company Zeta Global (NYSE:ZETA) announced better-than-expected revenue in Q4 CY2024, with sales up 49.6% year on year to $314.7 million. Revenue guidance for the full year exceeded analysts’ estimates, but next quarter’s guidance of $254 million was less impressive, coming in 1.2% below expectations. Its GAAP profit of $0.06 per share was $0.02 above analysts’ consensus estimates.
Health and wellness products company USANA Health Sciences (NYSE:USNA) reported Q4 CY2024 results beating Wall Street’s revenue expectations, but sales fell by 3.4% year on year to $213.6 million. The company’s full-year revenue guidance of $960 million at the midpoint came in 2.7% above analysts’ estimates. Its non-GAAP profit of $0.64 per share was 30.6% above analysts’ consensus estimates.
Online platform company Coupang (NYSE:CPNG) missed Wall Street’s revenue expectations in Q4 CY2024, but sales rose 21.4% year on year to $7.97 billion. Its GAAP profit of $0.08 per share was significantly above analysts’ consensus estimates.
Hotel and casino entertainment company Caesars Entertainment (NASDAQ:CZR) fell short of the market’s revenue expectations in Q4 CY2024, with sales flat year on year at $2.80 billion. Its GAAP profit of $0.05 per share was significantly above analysts’ consensus estimates.
Cross border payment processor Flywire (NASDAQ: FLYW) missed Wall Street’s revenue expectations in Q4 CY2024, but sales rose 16.9% year on year to $117.6 million. Next quarter’s revenue guidance of $127.2 million underwhelmed, coming in 8.7% below analysts’ estimates. Its GAAP loss of $0.12 per share was significantly below analysts’ consensus estimates.
Sales intelligence platform ZoomInfo beat Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 2.3% year on year to $309.1 million. Guidance for next quarter’s revenue was better than expected at $295.5 million at the midpoint, 1.2% above analysts’ estimates. Its non-GAAP profit of $0.26 per share was 14.8% above analysts’ consensus estimates.
(Bloomberg) -- With frothy corners of the US stock market under duress as investors grow concerned about the economy and the threat from inflation, Wall Street bulls are finding little solace in the one area that’s been unshakable for two years: megacap tech.Most Read from BloombergNYC’s Congestion Pricing Pulls In $48.6 Million in First MonthNYC to Shut Migrant Center in Former Hotel as Crisis EasesDC Mayor Re-ups Call for Statehood as Trump Threatens TakeoverThe Trump Administration Takes Aim