Dental products company Dentsply Sirona (NASDAQ:XRAY) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 10.6% year on year to $905 million. The company’s full-year revenue guidance of $3.55 billion at the midpoint came in 5% below analysts’ estimates. Its non-GAAP profit of $0.26 per share was 40.1% below analysts’ consensus estimates.
Behavioral health company LifeStance Health (NASDAQ:LFST) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 16% year on year to $325.5 million. Revenue guidance for the full year exceeded analysts’ estimates, but next quarter’s guidance of $330 million was less impressive, coming in 2.3% below expectations. Its GAAP loss of $0.02 per share was $0.02 above analysts’ consensus estimates.
(Bloomberg) -- Royal Bank of Canada beat estimates on higher results in its capital-markets and wealth-management divisions as both units benefited from strong markets.Most Read from BloombergThe Trump Administration Takes Aim at Transportation ResearchShelters Await Billions in Federal Money for Homelessness ProvidersNYC’s Congestion Pricing Pulls In $48.6 Million in First MonthNew York’s Congestion Pricing Plan Faces Another Legal ShowdownNYC to Shut Migrant Center in Former Hotel as Crisis Ea
President Trump has redefined the presidential powers in his second term, with little pushback from Congress or the judiciary. But as the economic mood sours, markets may present themselves as a tempering influence.
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The Canadian central bank's move to lower interest rates, along with strong economic data, has helped equity markets soar and boosted investors' appetite to strike more deals. CIBC's Capital Markets unit reported a net income of C$619 million for the first quarter, up C$97 million or 19% from the first quarter a year ago. The bank's adjusted net income rose to C$2.18 billion ($1.52 billion), or C$2.20 per share, in the three months ended January 31, from C$1.77 billion, or C$1.81 per share, a year earlier.
(Reuters) -Wall Street took a dim view of Nvidia's quarterly forecast on Thursday with investors pushing the stock down more than 8%, piling pressure on the "Magnificent Seven" stocks that have garnered market skepticism in the last three months. The stock closed lower at $120.15, while other members of the group such as Microsoft and Amazon also ended the session weaker, after Nvidia's earnings failed to inspire the kind of gains that became a hallmark of the AI rally through 2023 and 2024. To be sure, Nvidia's first-quarter revenue forecast was better than market estimates, with CEO Jensen Huang also noting the company was seeing "amazing" demand for its new Blackwell chips.
(Bloomberg) -- US stocks will struggle early March amid weaker economic data before they rally once again later in spring, according to JPMorgan Chase & Co.’s Ilan Benhamou.Most Read from BloombergThe Trump Administration Takes Aim at Transportation ResearchShelters Await Billions in Federal Money for Homelessness ProvidersNYC’s Congestion Pricing Pulls In $48.6 Million in First MonthNew York’s Congestion Pricing Plan Faces Another Legal ShowdownNYC to Shut Migrant Center in Former Hotel as Cris
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Revolve (NYSE:RVLV) and the best and worst performers in the online retail industry.
Over the past six months, Skechers’s shares (currently trading at $63.53) have posted a disappointing 9.2% loss, well below the S&P 500’s 6.4% gain. This was partly driven by its softer quarterly results and may have investors wondering how to approach the situation.