Swimming pool distributor Pool (NASDAQ:POOL) missed Wall Street’s revenue expectations in Q1 CY2025, with sales falling 4.4% year on year to $1.07 billion. Its GAAP profit of $1.42 per share was 4.1% below analysts’ consensus estimates.
Rural goods retailer Tractor Supply (NASDAQ:TSCO) missed Wall Street’s revenue expectations in Q1 CY2025 as sales rose 2.1% year on year to $3.47 billion. The company’s full-year revenue guidance of $6 billion at the midpoint came in 61.8% below analysts’ estimates. Its GAAP profit of $0.34 per share was 7.9% below analysts’ consensus estimates.
Shares of Procter & Gamble dipped Thursday morning after the consumer goods giant's fiscal third-quarter sales came in below analysts' estimates and it cut its full-year outlook.
Boat and marine products retailer MarineMax (NYSE:HZO) reported Q1 CY2025 results topping the market’s revenue expectations, with sales up 8.3% year on year to $631.5 million. Its non-GAAP profit of $0.23 per share was 19.3% above analysts’ consensus estimates.
Toy and entertainment company Hasbro (NASDAQ:HAS) announced better-than-expected revenue in Q1 CY2025, with sales up 17.1% year on year to $887.1 million. Its non-GAAP profit of $1.04 per share was 54.3% above analysts’ consensus estimates.
(Reuters) -Nasdaq beat first-quarter profit expectations on Thursday as the exchange operator benefited from higher market volatility and strong demand for its fintech and solutions products, sending its shares up 1% before the bell. To diversify its revenue streams, the company has been expanding outside its market-sensitive core activities of trading and listing to products that help financial institutions navigate compliance requirements and safeguard against financial crimes. With markets remaining volatile in the first quarter amid economic uncertainty and the trade dispute between the United States and China, companies have been spending on products that help safeguard them from market volatility.
The software and consulting giant said 15 of its government contracts had been shelved due to cost-cutting initiatives by the Trump administration, amounting to roughly $100 million in lost business, a relatively small portion of its consulting backlog. Analysts said IBM's consulting business was particularly vulnerable to these cuts and weak customer spending, given its reliance on government and large enterprise clients. Its results reflected this vulnerability, with the company reporting a 2% drop in revenue from its consulting segment, but IBM maintained its target of at least 5% revenue growth on a constant currency basis in 2025.
(Reuters) -Coinbase, the largest publicly traded cryptocurrency exchange, is waiving fees on transactions connected to PayPal's stablecoin and allowing its users to redeem the token directly for U.S. dollars, a major milestone for PayPal as the company doubles down on crypto payments. The move is part of a joint effort by Coinbase and PayPal to increase the adoption of PayPal's stablecoin, called PYUSD, which it launched in 2023.
The $TRUMP meme coin surged more than 60% on Wednesday after a promotional post teased "the most EXCLUSIVE INVITATION in the world. Trump's crypto-friendly stnace to benefit Bitcoin and crypto ETFs.