Beverage company Keurig Dr Pepper (NASDAQ:KDP) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 5.2% year on year to $4.07 billion. Its non-GAAP profit of $0.58 per share was in line with analysts’ consensus estimates.
Cloud computing provider DigitalOcean (NYSE: DOCN) announced better-than-expected revenue in Q4 CY2024, with sales up 13.3% year on year to $204.9 million. The company expects next quarter’s revenue to be around $208 million, close to analysts’ estimates. Its non-GAAP profit of $0.49 per share was 43.7% above analysts’ consensus estimates.
Solar energy systems company Shoals (NASDAQ:SHLS) announced better-than-expected revenue in Q4 CY2024, but sales fell by 18% year on year to $107 million. On the other hand, next quarter’s revenue guidance of $75 million was less impressive, coming in 25% below analysts’ estimates. Its non-GAAP profit of $0.08 per share was 16.7% below analysts’ consensus estimates.
Healthcare services provider AdaptHealth Corp. (NASDAQ:AHCO) reported Q4 CY2024 results exceeding the market’s revenue expectations, but sales were flat year on year at $856.6 million. On the other hand, the company’s full-year revenue guidance of $3.29 billion at the midpoint came in 1.2% below analysts’ estimates. Its GAAP profit of $0.34 per share was 34.8% above analysts’ consensus estimates.
Kitchen product manufacturer Middleby (NYSE:MIDD) announced better-than-expected revenue in Q4 CY2024, but sales were flat year on year at $1.01 billion. Its non-GAAP profit of $2.88 per share was 14.2% above analysts’ consensus estimates.
Medicine and manufacturing technology provider Novanta (NASDAQ:NOVT) missed Wall Street’s revenue expectations in Q4 CY2024, but sales rose 12.5% year on year to $238.1 million. Next quarter’s revenue guidance of $234 million underwhelmed, coming in 4.4% below analysts’ estimates. Its non-GAAP profit of $0.76 per share was 6.5% above analysts’ consensus estimates.
Doughnut chain Krispy Kreme (NASDAQ:DNUT) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 10.4% year on year to $404 million. The company’s full-year revenue guidance of $1.6 billion at the midpoint came in 10.4% below analysts’ estimates. Its non-GAAP profit of $0.01 per share was 89.8% below analysts’ consensus estimates.
The tech-heavy Nasdaq led Wall Street declines on Tuesday, hitting a six-week low after fresh economic data indicated a deterioration in consumer sentiment and investors braced for the potential impact of tighter U.S. trade curbs on Beijing. A Conference Board report showed an index tracking consumer confidence stood at 98.3 in February compared with an estimate of 102.5, according to economists polled by Reuters. Investors also focused on a report that said the U.S. was planning further restrictions on Nvidia's chip exports to China and that Washington was consulting with allies about tightening chip controls on China.
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Children’s apparel manufacturer Carter’s (NYSE:CRI) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, but sales were flat year on year at $859.7 million. On the other hand, next quarter’s revenue guidance of $620 million was less impressive, coming in 5.3% below analysts’ estimates. Its non-GAAP profit of $2.39 per share was 24.6% above analysts’ consensus estimates.