Stock market today: Nasdaq enters correction, S&P 500 sinks to lowest since November as stocks get clobbered on Trump tariff whiplash
Investors continue to grapple with Trump's shifting tariff policy and worries about the economy.
Clarus’s (NASDAQ:CLAR) Q4: Beats On Revenue But Full-Year Sales Guidance Misses Expectations Significantly
Outdoor lifestyle and equipment company Clarus (NASDAQ:CLAR) beat Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 6.7% year on year to $71.41 million. On the other hand, the company’s full-year revenue guidance of $255 million at the midpoint came in 10.8% below analysts’ estimates. Its non-GAAP loss of $0.08 per share was significantly below analysts’ consensus estimates.
Smith & Wesson (NASDAQ:SWBI) Misses Q4 Sales Targets, Stock Drops
American firearms manufacturer Smith & Wesson (NASDAQ:SWBI) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 15.7% year on year to $115.9 million. Its non-GAAP profit of $0.02 per share was in line with analysts’ consensus estimates.
Gap’s (NYSE:GAP) Q4 Sales Top Estimates, Stock Jumps 17.9%
Clothing and accessories retailer Gap (NYSE:GAP) beat Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 3.5% year on year to $4.15 billion. On the other hand, next quarter’s revenue guidance of $3.39 billion was less impressive, coming in 1.4% below analysts’ estimates. Its GAAP profit of $0.54 per share was 43.4% above analysts’ consensus estimates.
Potbelly (NASDAQ:PBPB) Reports Q4 In Line With Expectations But Stock Drops
Casual sandwich chain Potbelly (NASDAQ:PBPB) met Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 7.3% year on year to $116.6 million. Its non-GAAP profit of $0.13 per share was 92.6% above analysts’ consensus estimates.
Broadcom Stock Surges on Strong Earnings, Outlook
Broadcom reported fiscal first-quarter results that topped analysts’ expectations, sending shares higher in extended trading Thursday.
Costco’s (NASDAQ:COST) Q1: Beats On Revenue
Membership-only discount retailer Costco (NASDAQ:COST) reported revenue ahead of Wall Street’s expectations in Q1 CY2025, with sales up 9% year on year to $63.72 billion. Its GAAP profit of $4.02 per share was 2.1% below analysts’ consensus estimates.
El Pollo Loco (NASDAQ:LOCO) Surprises With Q4 Sales, Stock Soars
Fast food chain El Pollo Loco (NASDAQ:LOCO) reported Q4 CY2024 results beating Wall Street’s revenue expectations, with sales up 1.8% year on year to $114.3 million. Its non-GAAP profit of $0.20 per share was 48.1% above analysts’ consensus estimates.
Markets have ‘high expectations’ ahead of Trump’s crypto summit, says Fold CEO
Fold CEO Will Reeves said that David Sacks, who led Fold’s Series A in 2019, is now shaping U.S. crypto policy, calling it a major validation for the industry.
AerSale (NASDAQ:ASLE) Delivers Strong Q4 Numbers, Stock Soars
Aerospace and defense company AerSale (NASDAQ:ASLE) beat Wall Street’s revenue expectations in Q4 CY2024, but sales were flat year on year at $94.74 million. Its non-GAAP profit of $0.09 per share was in line with analysts’ consensus estimates.