News

Shares of local broadcasting and digital media company Nexstar (NASDAQ:NXST) jumped 12.5% in the morning session after the company reported impressive fourth-quarter 2024 results that beat analysts' revenue estimates, driven by a sharp increase in political ad spending. EBITDA also beat Wall Street's expectations, fueled by revenue growth and disciplined cost management. On the other hand, its EPS missed. Overall, this was a mixed yet decent quarter.

Shares of aerospace and defense company HEICO (NSYE:HEI) jumped 14.1% in the afternoon session after the company reported strong fourth-quarter results, with revenue, EBITDA, and EPS all surpassing expectations by significant margins. Sales grew 15% year-on-year, driven by strong organic demand in both the Flight Support and Electronic Technologies segments, along with contributions from recent acquisitions. Overall, this was a solid performance for the quarter.

Shares of water handling and recycling company Aris Water (NYSE:ARIS) jumped 23.6% in the afternoon session after the company reported impressive fourth-quarter results that blew past analysts' revenue and EBITDA estimates. Looking ahead, EBITDA guidance for the next quarter came in below Wall Street estimates, partly due to anticipated customer shut-ins from weather disruptions. Meanwhile, the company raised its quarterly dividend by 33%, signaling confidence in its cash flow despite near-term

Despite the record outflows, Bloomberg analyst says it’s “par for the course.”

Shares of eBay fell Thursday, a day after the e-commerce marketplace issued current-quarter revenue and gross merchandise volume guidance that was weaker than analysts' estimates.

Five states' crypto efforts faltered as Texas advances and Utah nears a final vote, leaving the state-level push for digital asset reserves with mixed results.

“Please share five things you did for Tesla shareholders this week.”

BitMEX appointed boutique investment bank Broadhaven late last year to assist with the sales process, according to sources.

Federal Reserve Bank of Cleveland President Beth Hammack said on Thursday she expects U.S. central bank interest rate policy is on hold for the time being amid a hunt for evidence that inflation pressures are easing back to the 2% target. With a healthy job market and an uneven and slowing process of easing inflation pressures, “I believe that monetary policy has the luxury of being patient as we assess the path forward, and this will likely mean holding the federal funds rate steady for some time,” Hammack said in the text of a speech prepared for delivery before an event held at Columbia University. Before supporting a rate cut, Hammack said she seeks additional evidence that price pressures are easing back to 2% so long as the job market remains “healthy.”

Nvidia shares gave up early gains Thursday after the chipmaker reported earnings that topped Street estimates. Investors may have expected more from the AI darling.