Freight and logistics provider Covenant Logistics (NASDAQ:CVLG) missed Wall Street’s revenue expectations in Q4 CY2024 as sales only rose 1.2% year on year to $277.3 million. Its non-GAAP profit of $0.49 per share was in line with analysts’ consensus estimates.
Freight rail services provider CSX (NASDAQ:CSX) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 3.8% year on year to $3.54 billion. Its non-GAAP profit of $0.42 per share was in line with analysts’ consensus estimates.
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Analog chip manufacturer Texas Instruments (NASDAQ:TXN) reported Q4 CY2024 results exceeding the market’s revenue expectations, but sales fell by 1.7% year on year to $4.01 billion. Guidance for next quarter’s revenue was better than expected at $3.9 billion at the midpoint, 1.3% above analysts’ estimates. Its GAAP profit of $1.30 per share was 8.3% above analysts’ consensus estimates.
Shares of insurance industry-focused software maker Guidewire (NYSE:GWRE) jumped 9.7% in the afternoon session after Goldman Sachs analyst Adam Hotchkiss initiated coverage of the stock with a Buy rating and a $210 price target. Hotchkiss thinks Guidewire's leadership in the key end markets and the momentum from customers migrating to the cloud should continue to support growth.
Shares of memory chips maker Micron (NYSE:MU) fell 5.3% in the morning session after peer, SK Hynix, raised concerns about potential demand challenges. During the earnings call, CFO Woo-Hyun Kim stated, "2025's memory demand outlook is clouded by inventory adjustments from PC and smartphone OEMs [original equipment manufacturers] as well as strengthened protective trade policies and geopolitical risks." This cautious outlook highlights broader industry pressures that could also affect competitor
Shares of leasing services company GATX (NYSE:GATX) jumped 6.5% in the afternoon session after the company reported strong fourth-quarter results, surpassing Wall Street's expectations for revenue and EPS, driven by robust demand for railcars. Looking ahead, GATX's full-year EPS guidance also exceeded analysts' expectations. Overall, we think this quarter was impressive.
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Shares of defense contractor Leidos (NYSE:LDOS) fell 7.5% in the morning session after peer, CACI, reported fourth-quarter earnings results, with markets increasingly worried that new cost-cutting initiatives by the US government would affect Defense contracts. Although CACI reported a strong quarter with revenue, EBITDA, EPS ahead of Wall Street's expectations as well as a statement that they're well on their way to meet the three-year financial targets unveiled during the November 2024 Investo
Shares of defense, intelligence, and IT solutions provider CACI International (NYSE:CACI) fell 9.1% in the morning session after the company reported fourth-quarter earnings results, with markets increasingly worried that new cost-cutting initiatives by the US government would affect Defense contracts. Although CACI reported a strong quarter with revenue, EBITDA, EPS ahead of Wall Street's expectations as well as a statement that they're well on their way to meet the three-year financial targets