Electronic system and device provider Bel Fuse (NASDAQ:BELFA) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 7% year on year to $149.9 million. On top of that, next quarter’s revenue guidance ($149 million at the midpoint) was surprisingly good and 14.4% above what analysts were expecting. Its GAAP loss of $0.14 per share was significantly below analysts’ consensus estimates.
Meta stock fell Tuesday, snapping its 20-session winning streak.
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Some see market volatility as a way to mint big returns, while others view it as a reason to be cautious about where they put their money.
Commercial vehicle retailer Rush Enterprises (NASDAQ:RUSH.A) reported Q4 CY2024 results exceeding the market’s revenue expectations, but sales were flat year on year at $2.01 billion. Its GAAP profit of $0.91 per share was 9% above analysts’ consensus estimates.
Intel (INTC) stock jumped Tuesday following a Wall Street Journal report that its rivals Broadcom and TSMC are exploring potential deals with the chipmaker that would split it into two.
Bath & Body Works (BBWI) shares closed almost 10% higher Tuesday after analysts from JPMorgan upgraded the stock, citing encouraging recent product launches and shrinking post-pandemic headwinds.
Real estate technology company Compass (NYSE:COMP) reported Q4 CY2024 results beating Wall Street’s revenue expectations, with sales up 25.9% year on year to $1.38 billion. On top of that, next quarter’s revenue guidance ($1.41 billion at the midpoint) was surprisingly good and 6.3% above what analysts were expecting. Its GAAP loss of $0.08 per share was in line with analysts’ consensus estimates.
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Semiconductor design software provider Cadence Design Systems (NASDAQ:CDNS) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 26.9% year on year to $1.36 billion. On the other hand, the company’s full-year revenue guidance of $5.18 billion at the midpoint came in 1.3% below analysts’ estimates. Its non-GAAP profit of $1.88 per share was 3.2% above analysts’ consensus estimates.
