Earth imaging satellite company Planet Labs (NYSE:PL) fell short of the market’s revenue expectations in Q4 CY2024 as sales rose 4.6% year on year to $61.55 million. Next quarter’s revenue guidance of $62 million underwhelmed, coming in 5.1% below analysts’ estimates. Its non-GAAP loss of $0.08 per share was significantly below analysts’ consensus estimates.
Micron Technology reported quarterly results that topped analysts’ estimates and issued a better-than-expected outlook, sending shares higher in extended trading Thursday.
Don't forget about the small-cap names in tech.
Women’s plus-size apparel retailer Torrid Holdings (NYSE:CURV) reported Q4 CY2024 results beating Wall Street’s revenue expectations, but sales fell by 6.1% year on year to $275.6 million. On the other hand, next quarter’s revenue guidance of $269 million was less impressive, coming in 3% below analysts’ estimates. Its GAAP loss of $0.03 per share was 60% above analysts’ consensus estimates.
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Cava Group shares jumped Thursday after the fast casual chain restaurant got an upgrade from JPMorgan analysts, expecting growth as Cava expands its locations.
Memory chips maker Micron (NYSE:MU) reported Q1 CY2025 results exceeding the market’s revenue expectations, with sales up 38.3% year on year to $8.05 billion. On top of that, next quarter’s revenue guidance ($8.8 billion at the midpoint) was surprisingly good and 3.2% above what analysts were expecting. Its non-GAAP profit of $1.56 per share was 9.5% above analysts’ consensus estimates.
Shares of government consulting firm Booz Allen Hamilton (NYSE:BAH) fell 8.3% in the afternoon session as stocks of consulting firms fell after Defense Secretary Pete Hegseth announced that the government would cancel some consulting contracts.
Shares of technology and consulting giant IBM (NYSE:IBM) fell 6% in the morning session as consulting stocks fell after Defense Secretary Pete Hegseth announced that the government would cancel some consulting contracts.
Shares of research and advisory firm Gartner (NYSE:IT) fell 8% in the afternoon session after Defense Secretary Pete Hegseth announced that the government would cancel some consulting contracts, including those with Gartner. Also, another consulting firm, Accenture, reported its Q4 2024 (fiscal Q2 2025) financial results and raised concerns about weaker sales in the fed vertical. Accenture CEO Julie Spellman Sweet noted that the new administration is focused on improving government efficiency, l