Online marketplace Etsy (NASDAQ:ETSY) missed Wall Street’s revenue expectations in Q4 CY2024 as sales only rose 1.2% year on year to $852.2 million. Its GAAP profit of $1.03 per share was 9.7% above analysts’ consensus estimates.
Nikola said on Wednesday it had filed for Chapter 11 bankruptcy protection and would pursue a sale of its assets, the latest electric-vehicle maker to stumble after grappling with tepid demand, rapid cash burn and funding challenges. EV startups that went public during the pandemic, promising to revolutionize the sector, such as Fisker, Proterra and Lordstown Motors have filed for bankruptcy in recent years as funding for their capital-intensive operations dried up due to high interest rates and flagging demand. "Like other companies in the electric vehicle industry, we have faced various market and macroeconomic factors that have impacted our ability to operate," Nikola CEO Steve Girsky said in a statement.
Low code software development platform provider Appian (Nasdaq: APPN) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 14.7% year on year to $166.7 million. On the other hand, next quarter’s revenue guidance of $163 million was less impressive, coming in 1.8% below analysts’ estimates. Its non-GAAP loss of $0 per share was $0.01 above analysts’ consensus estimates.
Solar power systems company SolarEdge (NASDAQ:SEDG) reported Q4 CY2024 results topping the market’s revenue expectations, but sales fell by 37.9% year on year to $196.2 million. On the other hand, next quarter’s revenue guidance of $205 million was less impressive, coming in 1.3% below analysts’ estimates. Its non-GAAP loss of $3.52 per share was significantly below analysts’ consensus estimates.
Manufacturer of analog chips, Analog Devices (NASDAQ:ADI) announced better-than-expected revenue in Q4 CY2024, but sales fell by 3.6% year on year to $2.42 billion. Guidance for next quarter’s revenue was better than expected at $2.5 billion at the midpoint, 1.9% above analysts’ estimates. Its non-GAAP profit of $1.63 per share was 5.7% above analysts’ consensus estimates.
Geospatial technology provider Trimble (NASDAQ:TRMB) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 5.5% year on year to $983.4 million. The company expects next quarter’s revenue to be around $809 million, close to analysts’ estimates. Its non-GAAP profit of $0.89 per share was in line with analysts’ consensus estimates.
The fourth generation of the lower-cost model, so far known as iPhone SE, will take on popular Android smartphones at a time when consumer electronics makers are looking to add artificial intelligence tools into their devices. The current-generation of iPhone SE, released in 2022, is available at $429 and the latest version is likely to be priced at a premium to the outgoing model. "If the SE 4 offers meaningful upgrades in design, performance, and AI features, it could reinvigorate its market appeal and strengthen Apple's position across different price segments," Counterpoint Research senior analyst Varun Mishra said.
Infrastructure and defense services provider Parsons (NYSE:PSN) fell short of the market’s revenue expectations in Q4 CY2024, but sales rose 16.1% year on year to $1.73 billion. The company’s full-year revenue guidance of $7.25 billion at the midpoint came in 1.3% below analysts’ estimates. Its non-GAAP profit of $0.78 per share was 14.6% below analysts’ consensus estimates.
Penny-pinching Walmart shoppers focus much more on getting the lowest prices than on whether products are made in the U.S., Canada, China or elsewhere, Walmart executives have said. When Walmart discloses results on Thursday, the chain of more than 4,600 U.S. stores is likely to show that it rang up record annual sales, according to LSEG estimates. Walmart revenue rose by roughly 5% to $680.47 billion for the year ending January 31, 2025, according to LSEG estimates ahead of the results.