Stock of the Day: Intel spikes 5% after proposal for major AI firms to run company's chipmaking foundry
TSMC reportedly approached a handful of US AI chipmakers to potentially operate Intel's foundry in a joint venture.
American Eagle (NYSE:AEO) Reports Q4 In Line With Expectations But Stock Drops
Young adult apparel retailer American Eagle Outfitters (NYSE:AEO) met Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 4.4% year on year to $1.6 billion. On the other hand, next quarter’s revenue guidance of $1.09 billion was less impressive, coming in 6.7% below analysts’ estimates. Its non-GAAP profit of $0.54 per share was 6.3% above analysts’ consensus estimates.
An Elon Musk stablecoin? Democrats warn of a Big Tech crypto takeover.
Stablecoin bill could lead to a “privatization of the dollar,” according to crypto skeptic Sen. Elizabeth Warren.
Kohl’s Stock Keeps Falling as Wall Street Turns More Bearish
Kohl’s shares slumped Wednesday, extending recent losses as Wall Street analysts suggested it could keep falling.
Phreesia (NYSE:PHR) Posts Better-Than-Expected Sales In Q4 But Stock Drops
Healthcare technology company Phreesia (NYSE:PHR) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 15.4% year on year to $109.7 million. The company expects the full year’s revenue to be around $477 million, close to analysts’ estimates. Its GAAP loss of $0.11 per share was 35% above analysts’ consensus estimates.
Crypto Rally Doesn't Hold After Soft Inflation Data
Bitcoin managed a knee-jerk move above $84,000 after the U.S. CPI report, but returned to roughly flat for the day.
BeautyHealth (NASDAQ:SKIN) Beats Q4 Sales Targets But Full-Year Sales Guidance Misses Expectations Significantly
Skincare company BeautyHealth (NASDAQ:SKIN) reported Q4 CY2024 results exceeding the market’s revenue expectations, but sales fell by 13.7% year on year to $83.5 million. On the other hand, next quarter’s revenue guidance of $63.5 million was less impressive, coming in 16.6% below analysts’ estimates. Its GAAP loss of $0.08 per share was 30% above analysts’ consensus estimates.
UiPath (NYSE:PATH) Posts Q4 Sales In Line With Estimates But Stock Drops 17.4%
Automation software company UiPath (NYSE:PATH) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 4.5% year on year to $423.6 million. On the other hand, next quarter’s revenue guidance of $332.5 million was less impressive, coming in 10% below analysts’ estimates. Its non-GAAP profit of $0.26 per share was 34.1% above analysts’ consensus estimates.
US oil executives to meet with Trump next week
U.S. oil producers will meet with President Donald Trump next week, leading industry group the American Petroleum Institute said on Wednesday. Among the topics for discussion are tariffs, trade and exports of liquefied natural gas, an industry source told Reuters. The API, which counts oil majors ExxonMobil and Chevron as members, helped put together the meeting.
SentinelOne (NYSE:S) Exceeds Q4 Expectations But Stock Drops 15%
Cyber security company SentinelOne (NYSE:S) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 29.5% year on year to $225.5 million. On the other hand, next quarter’s revenue guidance of $228 million was less impressive, coming in 3.3% below analysts’ estimates. Its non-GAAP profit of $0.04 per share was $0.03 above analysts’ consensus estimates.