Genomics company Illumina (NASDAQ:ILMN) reported Q4 CY2024 results exceeding the market’s revenue expectations, but sales were flat year on year at $1.1 billion. On the other hand, the company’s full-year revenue guidance of $4.34 billion at the midpoint came in 1.2% below analysts’ estimates. Its non-GAAP profit of $0.86 per share was 6.9% below analysts’ consensus estimates.
Logistics solutions provider Hub Group (NASDAQ:HUBG) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 1.2% year on year to $973.5 million. On the other hand, the company’s outlook for the full year was close to analysts’ estimates with revenue guided to $4.15 billion at the midpoint. Its GAAP profit of $0.40 per share was 17.4% below analysts’ consensus estimates.
US freight market continued to face headwinds in Q4 2024 Data released Tuesday by freight audit and payment provider U.S. Bank showed a trucking industry continuing to battle a variety of headwinds. According to the latest U.S. Bank Freight Payment Index, shipment volumes fell 4.7% from the previous quarter, marking the 10th consecutive quarterly decline. […] The post Q4 freight market continues to face headwinds appeared first on FreightWaves.
Power management chips maker Monolithic Power Systems (NASDAQ:MPWR) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 36.9% year on year to $621.7 million. On top of that, next quarter’s revenue guidance ($620 million at the midpoint) was surprisingly good and 6.5% above what analysts were expecting. Its non-GAAP profit of $4.09 per share was 2.9% above analysts’ consensus estimates.
Pool products retailer Leslie’s (NASDAQ:LESL) reported Q4 CY2024 results topping the market’s revenue expectations, but sales were flat year on year at $175.2 million. On the other hand, next quarter’s revenue guidance of $184 million was less impressive, coming in 3.1% below analysts’ estimates. Its non-GAAP loss of $0.22 per share was 5.8% below analysts’ consensus estimates.
The S&P 500 edged 0.4% higher on Thursday, Feb. 6, as investors responded to the latest earnings results and awaited Friday morning's employment data.
Domain name registry operator Verisign (NASDAQ:VRSN) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 3.9% year on year to $395.4 million. Its GAAP profit of $2 per share was in line with analysts’ consensus estimates.
(Bloomberg) -- Nikola Corp. is exploring a possible bankruptcy filing, the Wall Street Journal reported, sending shares of the hydrogen-vehicle maker down about 30% in postmarket trading.Most Read from BloombergCitadel to Leave Namesake Chicago Tower as Employees RelocateTransportation Memos Favor Places With Higher Birth and Marriage RatesState Farm Seeks Emergency California Rate Hike After FiresNYC Sees Pedestrian Traffic Increase in Congestion-Pricing ZoneHow London’s Taxi Drivers Navigate t
Payments and billing software maker Bill.com (NYSE:BILL) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 13.9% year on year to $362.6 million. On the other hand, next quarter’s revenue guidance of $355 million was less impressive, coming in 1.6% below analysts’ estimates. Its non-GAAP profit of $0.56 per share was 20.1% above analysts’ consensus estimates.
Healthcare professional network Doximity (NYSE:DOCS) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 24.6% year on year to $168.6 million. On top of that, next quarter’s revenue guidance ($133 million at the midpoint) was surprisingly good and 4.7% above what analysts were expecting. Its non-GAAP profit of $0.45 per share was 34% above analysts’ consensus estimates.