Crocs Stock Leaps 20% After it Reports Higher Revenue Than Expected
The shoe company forecasts that revenue will grow 2% to 2.5% during the full fiscal year despite potential unfavorable currency exchange rates and tariffs.
Argentina monthly inflation slows to lowest in over 4 years in January
Argentina's monthly inflation rate slowed to 2.2% in January, its lowest level since mid-2020, while landing slightly below analyst estimates, data from the INDEC statistics agency showed on Thursday. Inflation in the 12 months through January reached 84.5%, also slowing from a rate of 117.8% recorded in the previous month and in line with Reuters' expectations.
Hedge Fund Startup That Replaced Analysts With AI Beats the Market
(Bloomberg) -- A hedge fund startup that uses artificial intelligence to do work typically handled by analysts has outperformed the global stock market in its first six months while slashing research costs.Most Read from BloombergCan Portland Turn a Corner?Why American Mobility Ground to a HaltSaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterSpaceX Bid to Turn Texas Starbase Into City Is Set for Vote in MayCutting Arena Subsidies Can Help Cover Tax Cuts, Think Tank SaysThe Sydney-base
The Biggest Driver Of Inflation Is Getting Less Severe
Housing cost increases have settled back down to pre-pandemic levels, providing some hope that inflation could slow this year despite surging costs for food, energy, and other necessities.
Why Himax (HIMX) Stock Is Trading Up Today
Shares of semiconductor maker Himax Technologies (NASDAQ:HIMX) jumped 14.4% in the pre-market session after the company reported strong fourth quarter 2024 results, with revenue rising 6.7% sequentially and 4.2% y/y, exceeding Wall Street's estimates. Operating income rose sharply to 9.7% of sales from 2.6% in the prior quarter, contributing to a solid earnings beat. Looking ahead, the company guided for sequential revenue decline in Q1, citing seasonality from the Lunar New Year holiday. Howeve
Why Is AppLovin (APP) Stock Rocketing Higher Today
Shares of mobile app advertising platform AppLovin (NASDAQ: APP) jumped 34.2% in the morning session after the company delivered strong fourth quarter 2024 results, exceeding analysts' expectations for revenue, EPS, and EBITDA. Sales surged 44% y/y, driven by a 73% jump in advertising revenue. Profitability improved meaningfully, with adjusted EBITDA soaring 78%. Looking ahead, AppLovin provided bullish EBITDA and sales estimates for the next quarter, well above analyst estimates.
Why Is Manitowoc (MTW) Stock Rocketing Higher Today
Shares of crane and lifting equipment company Manitowoc (NYSE:MTW) jumped 21.9% in the morning session after the company reported strong fourth-quarter results that significantly exceeded analysts' EPS expectations, with EBITDA also outperforming Wall Street estimates by a wide margin. However, backlog declined notably, and revenue remained flat compared to the prior year, inline with expectations. Looking ahead, the company remains focused on growing its non-new machine sales and expanding its
Thoma Bravo-backed SailPoint valued at $12.8 billion in muted market return
(Reuters) -SailPoint was valued at $12.8 billion after its shares debuted in line with their offer price on Thursday, marking a tepid return to the stock market for the Thoma Bravo-backed identity security company. The IPO market's recovery has been uneven so far in 2025, with traders weighing the push for deregulation against policy uncertainty and a likely delay in rate cuts. Shares of defense and space firm Karman Holdings, which also started trading on Thursday, soared 36%.
Why Datadog (DDOG) Stock Is Nosediving
Shares of cloud monitoring software company Datadog (NASDAQ:DDOG) fell 14.9% in the pre-market session after the company reported disappointing fourth quarter results and provided full-year revenue and EPS guidance below Wall Street's estimates. Despite strong revenue growth of 25% year on year, operating margins shrunk, and the outlook suggests a slowdown in growth. Notably, the guidance implied a 10% y/y decline in net new revenue, and when combined with the weaker margins, could suggest the c
Why Reddit (RDDT) Stock Is Down Today
Shares of online community and discussion platform Reddit (NYSE:RDDT) fell 19.8% in the pre-market session after the company reported mixed fourth-quarter results: revenue, EPS, and EBITDA all outperformed Wall Street's estimates, but lower-than-anticipated domestic user growth weighed on investor sentiment. Reddit also provided optimistic revenue and EBITDA guidance for the next quarter, which blew past analysts' expectations.
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