Learning archive

Why Penumbra (PEN) Stock Is Trading Up Today
  • February 19, 2025

Why Penumbra (PEN) Stock Is Trading Up Today

Shares of medical device company Penumbra (NYSE:PEN) jumped 13.6% in the afternoon session after the company reported impressive fourth-quarter 2024 results, which blew past analysts' constant currency revenue, EBITDA, and earnings expectations. Sales grew by 10.8% compared to the previous year due to strong performance in its U.S. thrombectomy business, which surged 27.3%. This strength helped offset a 16.5% decline in international sales, largely due to weaker performance in China. However, de

Read More
South African Stocks, Rand Fall as Tax Dispute Delays Budget
  • February 19, 2025

South African Stocks, Rand Fall as Tax Dispute Delays Budget

(Bloomberg) -- South Africa’s rand and stocks slumped after lawmakers delayed the presentation of the annual budget, raising concern about the stability of the coalition government that has governed the country since elections in May last year.Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalSorry, Kids: Disney’s New York Headquarters Is for Grown-UpsChild Migrant Watchdog Gutted in DOGE CutsThe delay was due to a dispute among parties over a proposed increase i

Read More
Gibraltar (NASDAQ:ROCK) Reports Sales Below Analyst Estimates In Q4 Earnings
  • February 19, 2025

Gibraltar (NASDAQ:ROCK) Reports Sales Below Analyst Estimates In Q4 Earnings

Renewable energy and infrastructure solutions provider Gibraltar Industries (NASDAQ:ROCK) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 8.1% year on year to $302.1 million. On the other hand, the company’s full-year revenue guidance of $1.43 billion at the midpoint came in 2.2% above analysts’ estimates. Its non-GAAP profit of $1.01 per share was 11.4% above analysts’ consensus estimates.

Read More