Aerospace and defense company Redwire (NYSE:RDW) fell short of the market’s revenue expectations in Q4 CY2024, but sales rose 9.6% year on year to $69.56 million. On the other hand, the company’s full-year revenue guidance of $570 million at the midpoint came in 24.2% above analysts’ estimates. Its GAAP loss of $1.38 per share was significantly below analysts’ consensus estimates.
Building systems company Limbach (NASDAQ:LMB) fell short of the market’s revenue expectations in Q4 CY2024, with sales flat year on year at $143.7 million. On the other hand, the company’s full-year revenue guidance of $620 million at the midpoint came in 3.8% above analysts’ estimates. Its non-GAAP profit of $1.15 per share was 49.4% above analysts’ consensus estimates.
Wall Street’s stock markets plunged amid fears Donald Trump’s tariff trade war will hammer American growth.
(Bloomberg) -- Cryptocurrency prices extended their slide, sending Bitcoin to the lowest level since November, as escalating tariff-war tensions spurred concern about the economy that offset a wave of pro-crypto announcements from President Donald Trump last week.Most Read from BloombergNJ College to Merge With State School After Financial StressNYC Congestion Pricing Toll Gains Support Among City ResidentsWhere New York City's Zoning Reform Will Add HousingBuffalo’s Billion-Dollar Freeway Fix I
Work management software maker Asana (NYSE: ASAN) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 10% year on year to $188.3 million. On the other hand, the company’s full-year revenue guidance of $786 million at the midpoint came in 2.1% below analysts’ estimates. Its non-GAAP loss of $0 per share was $0.01 above analysts’ consensus estimates.
Upscale restaurant company The One Group Hospitality (NASDAQ:STKS) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 147% year on year to $221.9 million. Revenue guidance for the full year exceeded analysts’ estimates, but next quarter’s guidance of $202.5 million was less impressive, coming in 2.4% below expectations. Its non-GAAP loss of $0.03 per share was significantly below analysts’ consensus estimates.
If forecasts for Wednesday's official report are correct, inflation likely decelerated slightly in February but remained well over the Federal Reserve's 2% annual rate goal.
(Bloomberg) -- Technology shares suffered their biggest one-day plunge since 2022, as investors ditched longtime market leaders on rising worries the economy is headed for a recession.Most Read from BloombergNJ College to Merge With State School After Financial StressNYC Congestion Pricing Toll Gains Support Among City ResidentsWhere New York City's Zoning Reform Will Add HousingBuffalo’s Billion-Dollar Freeway Fix Is on Ice, But Not Because of TrumpInside the ‘Not Architecture’ of High Line Des
Avocado company Mission Produce (NASDAQ:AVO) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 29.2% year on year to $334.2 million. Its non-GAAP profit of $0.10 per share was significantly above analysts’ consensus estimates.
The "Magnificent Seven" stocks were at the center of a sell-off in markets on Monday as investors continue to take risk off the table.
