S&P 500 Gains and Losses Today: Stocks Fall for Fourth Day, Led by Weak Sempra Earnings
Major U.S. equities indexes were mixed after a weak consumer confidence report and losses from several noteworthy tech firms.
Lucid (NASDAQ:LCID) Delivers Impressive Q4, Stock Soars
Luxury electric car manufacturer Lucid (NASDAQ:LCID) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 49.2% year on year to $234.5 million. Its GAAP loss of $0.22 per share was 15.7% above analysts’ consensus estimates.
Masimo (NASDAQ:MASI) Posts Better-Than-Expected Sales In Q4
Medical tech company Masimo (NASDAQ:MASI) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 9.4% year on year to $600.7 million. Its non-GAAP profit of $1.80 per share was 26.3% above analysts’ consensus estimates.
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Merit Medical Systems’s (NASDAQ:MMSI) Q4 Sales Top Estimates
Medical device company Merit Medical Systems (NASDAQ:MMSI) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 9.4% year on year to $355.2 million. The company expects the full year’s revenue to be around $1.48 billion, close to analysts’ estimates. Its non-GAAP profit of $0.93 per share was 12.2% above analysts’ consensus estimates.
Couchbase’s (NASDAQ:BASE) Q4: Beats On Revenue
Database as a service company Couchbase (NASDAQ: BASE) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 9.6% year on year to $54.92 million. On the other hand, next quarter’s revenue guidance of $55.5 million was less impressive, coming in 1.9% below analysts’ estimates. Its non-GAAP loss of $0 per share was significantly above analysts’ consensus estimates.
Olo’s (NYSE:OLO) Q4: Beats On Revenue, Stock Jumps 13.9%
Restaurant software company (NYSE:OLO) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 20.7% year on year to $76.07 million. Guidance for next quarter’s revenue was better than expected at $77.45 million at the midpoint, 1.4% above analysts’ estimates. Its non-GAAP profit of $0.06 per share was in line with analysts’ consensus estimates.
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Inter Parfums (NASDAQ:IPAR) Posts Q4 Sales In Line With Estimates
Fragrance and perfume company Inter Parfums (NASDAQ:IPAR) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 10% year on year to $361.5 million. The company’s outlook for the full year was close to analysts’ estimates with revenue guided to $1.51 billion at the midpoint. Its GAAP profit of $0.75 per share was 5.7% below analysts’ consensus estimates.
Grocery Outlet’s (NASDAQ:GO) Q4 Sales Top Estimates But Stock Drops 12.6%
Discount grocery store chain Grocery Outlet (NASDAQ:GO) announced better-than-expected revenue in Q4 CY2024, with sales up 10.9% year on year to $1.10 billion. The company expects the full year’s revenue to be around $4.75 billion, close to analysts’ estimates. Its non-GAAP profit of $0.15 per share was 10.3% below analysts’ consensus estimates.