Life sciences company Neogen (NASDAQ:NEOG) missed Wall Street’s revenue expectations in Q1 CY2025, with sales falling 3.4% year on year to $221 million. The company’s full-year revenue guidance of $895 million at the midpoint came in 1.7% below analysts’ estimates. Its non-GAAP profit of $0.10 per share was 13% below analysts’ consensus estimates.
Packaged food company Simply Good Foods (NASDAQ:SMPL) reported revenue ahead of Wall Street’s expectations in Q1 CY2025, with sales up 15.2% year on year to $359.7 million. Its non-GAAP profit of $0.46 per share was 14.7% above analysts’ consensus estimates.
Global stocks are in turmoil and bond yields are spiking after President Donald Trump's "Liberation Day" tariffs went into effect, with Chinese imports facing a 104% levy.
Delta Air Lines shares jumped Wednesday morning after the carrier's fiscal first-quarter results came in better than analysts had expected.
(Bloomberg) -- Traders are looking for a US stock-market bottom after the biggest four-day rout in five years, but key technical indicators suggest more pain is ahead.Stocks are the most oversold since the depths of the pandemic, conditions that briefly lifted the S&P 500 Index by as much as 4% higher Tuesday. But the US equity benchmark erased its gains to end the session 1.6% lower at about 4,983 — teetering on the brink of a bear market — amid mounting trade tensions between the US and China.
Individual investors have been working the phones for advice in the wake of U.S. President Donald Trump's sweeping tariff announcements which have sparked fears of a recession. Among the most nervous are those approaching retirement, as the market slide wreaks havoc with portfolios. Still, despite the trillions of dollars wiped off stock market values, most have been riding it out rather than ditching everything and moving to cash, financial advisers said.
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Wall Street's main indexes inched higher on Wednesday as investors lapped up cheaper technology stocks in a choppy session that remained centered on tariff moves as China retaliated with more levies on U.S. goods. "The reflex to buy the dip is very strong and certainly the wipeout you've seen in tech stocks makes them cheap relative to where they were," said Chris Beauchamp, chief strategist at IG. Despite the early gains, all three benchmarks were down more than 10% from the levels seen before the reciprocal U.S. tariffwere announced last week.
Donald Trump’s tariffs have triggered a “fire sale” in bond markets in one of the clearest signs yet that US assets are losing their status as a safe haven for investors.