• Apr 24, 2025

Hasbro (NASDAQ:HAS) Delivers Impressive Q1, Stock Soars

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.

  • Apr 24, 2025

Nasdaq beats Q1 profit estimates on market volatility, strong product demand

(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.

  • Apr 24, 2025

IBM slides as federal spending cuts, uncertain economy impact consulting business

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.

  • Apr 24, 2025

Coinbase waives fees on PayPal’s stablecoin in crypto payments push

(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.

  • Apr 24, 2025

Strategic Education’s (NASDAQ:STRA) Q1 Sales Beat Estimates

Higher education company Strategic Education (NASDAQ:STRA) reported Q1 CY2025 results beating Wall Street’s revenue expectations, with sales up 4.6% year on year to $303.6 million. Its non-GAAP profit of $1.30 per share was 34.9% above analysts’ consensus estimates.

  • Apr 24, 2025

Apogee (NASDAQ:APOG) Exceeds Q1 Expectations, Full-Year Sales Guidance is Optimistic

Architectural products company Apogee (NASDAQ:APOG) reported revenue ahead of Wall Street’s expectations in Q1 CY2025, but sales fell by 4.5% year on year to $345.7 million. The company’s full-year revenue guidance of $1.4 billion at the midpoint came in 2% above analysts’ estimates. Its non-GAAP profit of $0.89 per share was 2.3% above analysts’ consensus estimates.

  • Apr 24, 2025

S&P 500, Nasdaq inch higher on tech boost, earnings weigh on Dow

Wall Street's main indexes were mixed on Thursday, with the S&P 500 and the Nasdaq rising, as investors assessed a slew of mixed corporate results and monitored developments in U.S.-China trade war. The White House on Wednesday indicated that it was open to reducing sweeping tariffs on China, and President Donald Trump stepped back from his attacks on Federal Reserve Chairman Jerome Powell, sending stock indexes higher. But the optimism faded when Treasury Secretary Scott Bessent said a move to reduce levies would not come unilaterally, while China said in response that the U.S. should lift all unilateral tariff measures against China if it "truly" wanted to solve the trade issue.