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  • Feb 12, 2025

Morning Bid: Ukraine ceasefire hopes soften US inflation blow

Investors banking on the recent decline in U.S. bond yields and the dollar underpinning a rally across risk assets got a stark reminder in the shape of punchy U.S. inflation on Wednesday that interest rates won't be coming down any time soon. In fact, they got a few reminders - Fed Chair Jerome Powell repeated his view that monetary policy must remain restrictive for now, and House Republicans unveiled a fiscal plan that would cut taxes by about $4.5 trillion over a decade and raise the federal debt ceiling by $4 trillion. Faced with sticky inflation, fiscal largesse and Powell's confidence in the U.S. economy, rates markets are now only pricing in one Fed rate cut this year, which would leave the fed funds rate above 4.00%.

  • Feb 12, 2025

10x Genomics (NASDAQ:TXG) Exceeds Q4 Expectations But Full-Year Sales Guidance Misses Expectations

Biotech company 10x Genomics (NASDAQ:TXG) reported Q4 CY2024 results beating Wall Street’s revenue expectations, but sales fell by 10.3% year on year to $165 million. On the other hand, the company’s full-year revenue guidance of $620 million at the midpoint came in 1.6% below analysts’ estimates. Its GAAP loss of $0.40 per share was 34.4% below analysts’ consensus estimates.

  • Feb 12, 2025

Pilgrim's Pride (NASDAQ:PPC) Misses Q4 Revenue Estimates

Chicken producer Pilgrim’s Pride (NASDAQ:PPC) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 3.5% year on year to $4.37 billion. Its non-GAAP profit of $1.35 per share was 16.9% above analysts’ consensus estimates.

  • Feb 12, 2025

Reddit (NYSE:RDDT) Posts Better-Than-Expected Sales In Q4 But Stock Drops 15.1%

Online community and discussion platform Reddit (NYSE:RDDT) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 71.3% year on year to $427.7 million. Guidance for next quarter’s revenue was better than expected at $365 million at the midpoint, 1.3% above analysts’ estimates. Its GAAP profit of $0.36 per share was 44.3% above analysts’ consensus estimates.

  • Feb 12, 2025

Rapid7’s (NASDAQ:RPD) Q4: Beats On Revenue But Full-Year Sales Guidance Misses Expectations Significantly

Cybersecurity software maker Rapid7 (NASDAQ:RPD) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 5.4% year on year to $216.3 million. On the other hand, next quarter’s revenue guidance of $208 million was less impressive, coming in 2.8% below analysts’ estimates. Its non-GAAP profit of $0.48 per share was 3.4% below analysts’ consensus estimates.

  • Feb 12, 2025

Dutch Bros (NYSE:BROS) Reports Strong Q4, Stock Jumps 26.9%

Coffee chain Dutch Bros (NYSE:BROS) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 34.9% year on year to $342.8 million. The company’s full-year revenue guidance of $1.57 billion at the midpoint came in 2.3% above analysts’ estimates. Its non-GAAP profit of $0.07 per share was significantly above analysts’ consensus estimates.

  • Feb 12, 2025

Advanced Energy (NASDAQ:AEIS) Reports Bullish Q4, Provides Encouraging Quarterly Revenue Guidance

Manufacturing equipment and systems provider Advanced Energy (NASDAQ:AEIS) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 2.5% year on year to $415.4 million. Guidance for next quarter’s revenue was optimistic at $392 million at the midpoint, 2.3% above analysts’ estimates. Its non-GAAP profit of $1.30 per share was 18% above analysts’ consensus estimates.

  • Feb 12, 2025

Fastly (NYSE:FSLY) Surprises With Q4 Sales But Stock Drops 17.2%

Content delivery company Fastly (NYSE:FSLY) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 2% year on year to $140.6 million. Guidance for next quarter’s revenue was better than expected at $138 million at the midpoint, 0.8% above analysts’ estimates. Its non-GAAP loss of $0.03 per share was $0.03 below analysts’ consensus estimates.

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