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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

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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.

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Nikola goes bankrupt, to sell assets in latest EV market turmoil
  • February 19, 2025

Nikola goes bankrupt, to sell assets in latest EV market turmoil

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.

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Appian (NASDAQ:APPN) Surprises With Q4 Sales, Stock Soars
  • February 19, 2025

Appian (NASDAQ:APPN) Surprises With Q4 Sales, Stock Soars

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.

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SolarEdge (NASDAQ:SEDG) Beats Q4 Sales Targets, Stock Soars
  • February 19, 2025

SolarEdge (NASDAQ:SEDG) Beats Q4 Sales Targets, Stock Soars

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.

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Analog Devices (NASDAQ:ADI) Posts Better-Than-Expected Sales In Q4, Provides Encouraging Quarterly Revenue Guidance
  • February 19, 2025

Analog Devices (NASDAQ:ADI) Posts Better-Than-Expected Sales In Q4, Provides Encouraging Quarterly Revenue Guidance

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.

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Trimble’s (NASDAQ:TRMB) Q4: Beats On Revenue
  • February 19, 2025

Trimble’s (NASDAQ:TRMB) Q4: Beats On Revenue

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.

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