Telecommunications company Dycom (NYSE:DY) reported Q4 CY2024 results beating Wall Street’s revenue expectations, with sales up 13.9% year on year to $1.08 billion. On the other hand, next quarter’s revenue guidance of $1.18 billion was less impressive, coming in 5.6% below analysts’ estimates. Its GAAP profit of $1.11 per share was 33.3% above analysts’ consensus estimates.
German advertiser Stroeer's sale in doubt as economy falters
LONDON/FRANKFURT (Reuters) -German group Stroeer's sale of its multi-billion-euro outdoor advertising business has suffered a setback as two bidders balked at the asking price, amid worries over the country's economy, three people familiar with the talks told Reuters. Stroeer, Germany's leading outdoor advertiser, is a bellwether of Europe's biggest economy, which is deep in recession and uncertainty as it awaits the outcome of negotiations to establish a government. Stroeer said in January it had received indicative offers from private equity investors for its "out-of-home" advertising business that is responsible for thousands of posters, billboards and digital screens across the country's train stations, shopping centres and town squares.
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Photronics (NASDAQ:PLAB) Surprises With Q4 Sales But Quarterly Revenue Guidance Significantly Misses Expectations
Semiconductor photomask manufacturer Photronics (NASDAQ:PLAB) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, but sales fell by 1.9% year on year to $212.1 million. On the other hand, next quarter’s revenue guidance of $212 million was less impressive, coming in 5.8% below analysts’ estimates. Its non-GAAP profit of $0.52 per share was 10.6% above analysts’ consensus estimates.
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It’s 5 minutes to midnight for Germany’s economy, Bundesbank chief warns after central bank’s first loss in 45 years
The Bundesbank racked up its first loss since 1979, as president Joachim Nagel called on Germany's incoming government to save the economy.
Stellantis Stock Slips as Profit Plunges
Stellantis shares fell in premarket trading Wednesday after the struggling automaker's 2024 profit disappointed investors, although the Jeep and Chrysler parent said it expects to return to revenue growth this year.
Bitcoin's Lofty Max Pain Suggests Higher Spot Prices as $5B Options Expiry Approaches
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National Vision (NASDAQ:EYE) Posts Better-Than-Expected Sales In Q4, Stock Jumps 17.9%
Optical retailer National Vision (NYSE:EYE) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 3.9% year on year to $437.3 million. The company’s full-year revenue guidance of $1.93 billion at the midpoint came in 2% above analysts’ estimates. Its non-GAAP loss of $0.04 per share was in line with analysts’ consensus estimates.
Nasdaq leads Wall St higher with spotlight on Nvidia results
The tech-heavy Nasdaq led Wall Street's main indexes higher on Wednesday as chip stocks rebounded ahead of Nvidia's results that are crucial to illuminating future demand for AI. At 09:58 a.m. ET, the Dow Jones Industrial Average rose 117.59 points, or 0.27%, to 43,738.75, the S&P 500 gained 31.42 points, or 0.53%, to 5,986.67 and the Nasdaq Composite gained 155.11 points, or 0.82%, to 19,181.49. Eight of the S&P 500's 11 sectors traded higher, with technology stocks rising 1.2%.