S&P 500 Gains and Losses Today: CVS Stock Jumps as Pharmacy Segment Delivers Growth
The S&P 500 dropped 0.3% on Wednesday, Feb. 12, as hotter-than-expected inflation data in the January CPI report weighed on the interest rate outlook.
MGM Resorts (NYSE:MGM) Posts Better-Than-Expected Sales In Q4, Stock Soars
Hospitality and casino entertainment company MGM Resorts (NYSE:MGM) reported Q4 CY2024 results exceeding the market’s revenue expectations, but sales were flat year on year at $4.35 billion. Its non-GAAP profit of $0.45 per share was 33% above analysts’ consensus estimates.
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.
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.
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.
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.
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.
Why Alibaba Stock Closed at a 2-Year High on Wednesday
Shares of Alibaba Group listed in the U.S. extended their rally into Wednesday after reports that the Chinese tech and e-commerce giant is partnering with Apple to create artificial intelligence features for Apple products in China.
Robinhood (NASDAQ:HOOD) Reports Strong Q4, Stock Soars
Financial services company Robinhood (NASDAQ:HOOD) announced better-than-expected revenue in Q4 CY2024, with sales up 115% year on year to $1.01 billion. Its GAAP profit of $1.01 per share was significantly above analysts’ consensus estimates.
The Trade Desk (NASDAQ:TTD) Reports Sales Below Analyst Estimates In Q4 Earnings, Stock Drops 23.3%
Advertising software maker The Trade Desk (NASDAQ:TTD) missed Wall Street’s revenue expectations in Q4 CY2024, but sales rose 22.3% year on year to $741 million. Next quarter’s revenue guidance of $575 million underwhelmed, coming in 1.2% below analysts’ estimates. Its non-GAAP profit of $0.59 per share was 3.6% above analysts’ consensus estimates.