As AI fuels a boom in mega data centers, Entergy is cashing in—securing Meta and AWS as customers, building billions in new power plants, and igniting a high-stakes battle over who will foot the bill.
The State of Freight webinar for February focused on the market uncertainty brought about by the first month of the presidency of Donald Trump. The post State of Freight: taking stock of the market after a month of Trump appeared first on FreightWaves.
Federal Reserve Governor Adriana Kugler on Thursday said she believes the U.S. central bank should leave its target for short-term borrowing costs in its current 4.25%-4.50% range, where it is exerting moderate restraint on the economy and on still-elevated inflation. Noting the net effect of new economic policies is highly uncertain and will depend on the specifics, Kugler told an audience at Georgetown University, "going forward I consider it is appropriate to hold the federal funds rate in place for some time, given the balance of risks that we face right now." The comment on her preferred policy rate path was not included in the initial published version of Kugler's remarks.
Real estate technology company eXp World (NASDAQ:EXPI) reported Q4 CY2024 results beating Wall Street’s revenue expectations, with sales up 11.7% year on year to $1.10 billion. Its non-GAAP loss of $0.03 per share was $0.02 below analysts’ consensus estimates.
Medical technology company iRhythm Technologies (NASDAQ:IRTC) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 24% year on year to $164.3 million. The company expects the full year’s revenue to be around $680 million, close to analysts’ estimates. Its non-GAAP profit of $0.01 per share was significantly above analysts’ consensus estimates.
Michael Saylor believes Bitcoin is the first “properly engineered store of value” and could absorb $15 trillion annually lost to inflation and asset decay.
Power conversion and control solutions provider Vicor Corporation (NASDAQ:VICR) reported Q4 CY2024 results beating Wall Street’s revenue expectations, with sales up 3.8% year on year to $96.17 million. Its GAAP profit of $0.23 per share was 58.6% above analysts’ consensus estimates.
Home security and automation software provider Alarm.com (NASDAQ:ALRM) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 7.1% year on year to $242.2 million. The company expects the full year’s revenue to be around $979.5 million, close to analysts’ estimates. Its non-GAAP profit of $0.58 per share was 8.6% above analysts’ consensus estimates.
OLED provider Universal Display (NASDAQ:OLED) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 2.5% year on year to $162.3 million. On the other hand, the company’s full-year revenue guidance of $670 million at the midpoint came in 6.4% below analysts’ estimates. Its GAAP profit of $0.96 per share was 10.8% below analysts’ consensus estimates.
Temporary space provider WillScot (NASDAQ:WSC) met Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 1.6% year on year to $602.5 million. On the other hand, the company’s full-year revenue guidance of $2.38 billion at the midpoint came in 3.3% below analysts’ estimates. Its non-GAAP profit of $0.49 per share was 4.9% above analysts’ consensus estimates.
