US stock futures traded flat after a mostly upbeat day on Wall Street, driven by fresh signs President Trump is aiming to strike a trade deal with China.
The data center stock shot up after posting better-than-expected earnings and guidance.
Tesla's latest earnings were a mixed bag of good and bad news, Wall Street analysts said. A slew of major banks cut price targets after the results.
Medical device company Penumbra (NYSE:PEN) reported Q1 CY2025 results beating Wall Street’s revenue expectations, with sales up 16.3% year on year to $324.1 million. The company expects the full year’s revenue to be around $1.35 billion, close to analysts’ estimates. Its non-GAAP profit of $0.83 per share was 24.4% above analysts’ consensus estimates.
Racing, gaming, and entertainment company Churchill Downs (NASDAQ:CHDN) met Wall Street’s revenue expectations in Q1 CY2025, with sales up 8.7% year on year to $642.6 million. Its non-GAAP profit of $1.07 per share was 3.5% above analysts’ consensus estimates.
Texas Instruments posted better-than-expected earnings for the first quarter and issued a strong outlook, sending shares higher in extended trading Wednesday.
White House would consider cutting China tariffs as partof talks, source says 2. Bessent says China tariffs are not sustainable as USsignals willingness to de-escalate 3. Americans sour on Trump's handling of the economy,Reuters/Ipsos poll finds 4.
The S&P 500 advanced 1.7% on Wednesday, April 23, as comments from the White House pointed to stability at the Fed and the possibility of easing trade tensions.
Electronic manufacturing services company Plexus (NASDAQ:PLXS) met Wall Street’s revenue expectations in Q1 CY2025, with sales up 1.4% year on year to $980.2 million. The company expects next quarter’s revenue to be around $1.02 billion, close to analysts’ estimates. Its non-GAAP profit of $1.66 per share was 7.8% above analysts’ consensus estimates.
Auto parts and accessories retailer O’Reilly Automotive (NASDAQ:ORLY) fell short of the market’s revenue expectations in Q1 CY2025 as sales rose 4% year on year to $4.14 billion. The company’s full-year revenue guidance of $17.55 billion at the midpoint came in 0.6% below analysts’ estimates. Its GAAP profit of $9.35 per share was 5.6% below analysts’ consensus estimates.