News

Data warehouse-as-a-service Snowflake (NYSE:SNOW) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 27.4% year on year to $986.8 million. Its non-GAAP profit of $0.30 per share was 67.3% above analysts’ consensus estimates.

Online legal service provider LegalZoom (NASDAQ:LZ) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 1.9% year on year to $161.7 million. Guidance for next quarter’s revenue was better than expected at $177 million at the midpoint, 1% above analysts’ estimates. Its GAAP profit of $0.07 per share was in line with analysts’ consensus estimates.

Artificial intelligence (AI) software company C3.ai (NYSE:AI) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 26% year on year to $98.78 million. The company expects next quarter’s revenue to be around $108.6 million, close to analysts’ estimates. Its non-GAAP loss of $0.12 per share was 52% above analysts’ consensus estimates.

Diabetes technology company Tandem Diabetes Care (NASDAQ:TNDM) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 35% year on year to $282.6 million. The company expects next quarter’s revenue to be around $221.5 million, coming in 1.3% above analysts’ estimates. Its GAAP profit of $0.01 per share was significantly above analysts’ consensus estimates.

Clothing and accessories retailer Urban Outfitters (NASDAQ:URBN) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 9.4% year on year to $1.64 billion. Its non-GAAP profit of $1.04 per share was 9.3% above analysts’ consensus estimates.

Despite gaining renewed prominence under the Trump administration, the memecoin has seen its value plummet recently.

(Bloomberg) -- With the so-called Trump bump fading across markets, Bitcoin options are showing that investors and traders are hedging against a decline in the cryptocurrency to levels last seen just after election day. 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

(Bloomberg) -- Oil slipped to a new low for the year as US President Donald Trump blitzed markets with a slew of conflicting announcements on trade. 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 EasesWest Texas Inter

Australia on Thursday approved Qatar Airways buying a 25% stake in Virgin Australia from U.S. private equity firm Bain Capital, posing a challenge for national flag carrier Qantas that has long dominated Australian air routes. Qatar Airways in October proposed to buy the minority stake for an undisclosed amount after the federal government in 2023 denied the Middle Eastern carrier's requests to fly additional services into Sydney, Melbourne, Brisbane and Perth. Treasurer Jim Chalmers said the deal is expected to boost competition in the aviation sector and follows extensive talks by the government with industry, unions and other stakeholders.

Shares of shoe and apparel company Steven Madden (NASDAQ:SHOO) fell 8.4% in the afternoon session after the company reported weak fourth quarter 2024 results. Its EPS and full-year EPS guidance fell short. On the other hand, Steven Madden blew past analysts' revenue and EBITDA expectations this quarter. Looking ahead, management remains cautious about macroeconomic headwinds, particularly the impact of new tariffs, but expects its pending acquisition of Kurt Geiger to be a meaningful growth driv