News

Shares of shoe maker Skechers slumped 12% in premarket trading Friday following a disappointing outlook and the CEO's comments on the potential impact of tariffs.

News of the day for Feb. 7, 2025

Ripple (CRYPTO: XRP) hit a new all-time high in mid-January. Both Ripple and Dogecoin are popular cryptocurrencies, but their underlying reasons for existing couldn't be further apart. Its original name was RipplePay, and the underlying technology was designed to make money transfers easier.

Amazon's light guidance overshadows an otherwise solid quarter.

Expedia also approved the reinstatement of a quarterly cash dividend after suspending it in the second quarter of 2020 due to the uncertainty amid the COVID-19 pandemic. Excluding items, Seattle-based Expedia posted quarterly earnings per share of $2.39, higher than average analyst estimate of $2.04, as per data compiled by LSEG. "Travel demand remained healthy in Q4 despite price increases... Like last quarter, international demand was stronger than in the US," said Expedia CEO Ariane Gorin on the company's post-earnings conference call.

Civil infrastructure company Construction Partners (NASDAQ:ROAD) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 41.6% year on year to $561.6 million. The company’s full-year revenue guidance of $2.7 billion at the midpoint came in 5.9% above analysts’ estimates. Its non-GAAP profit of $0.25 per share was 68.5% above analysts’ consensus estimates.

Strong job growth can lead to fears of inflation and increased interest rates, while weak data might signal an economic slowdown.

E.l.f. Beauty shares are sinking in premarket trading, a day after the cosmetics retailer lowered its outlook for its fiscal full year following soft sales in January.

Your day-ahead look for Feb. 7, 2025

A stronger dollar and economic uncertainty have weighed on crypto, but a new bipartisan push for clear regulations and congressional scrutiny of regulatory overreach could set the stage for a major breakout.