Manufacturer of analog chips, Analog Devices (NASDAQ:ADI) announced better-than-expected revenue in Q4 CY2024, but sales fell by 3.6% year on year to $2.42 billion. Guidance for next quarter’s revenue was better than expected at $2.5 billion at the midpoint, 1.9% above analysts’ estimates. Its non-GAAP profit of $1.63 per share was 5.7% above analysts’ consensus estimates.
Trimble’s (NASDAQ:TRMB) Q4: Beats On Revenue
Geospatial technology provider Trimble (NASDAQ:TRMB) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 5.5% year on year to $983.4 million. The company expects next quarter’s revenue to be around $809 million, close to analysts’ estimates. Its non-GAAP profit of $0.89 per share was in line with analysts’ consensus estimates.
Apple to launch new lower-cost iPhone to capture a broader market
The fourth generation of the lower-cost model, so far known as iPhone SE, will take on popular Android smartphones at a time when consumer electronics makers are looking to add artificial intelligence tools into their devices. The current-generation of iPhone SE, released in 2022, is available at $429 and the latest version is likely to be priced at a premium to the outgoing model. "If the SE 4 offers meaningful upgrades in design, performance, and AI features, it could reinvigorate its market appeal and strengthen Apple's position across different price segments," Counterpoint Research senior analyst Varun Mishra said.
Here's How Warren Buffett Might Approach Dogecoin
Dogecoin (CRYPTO: DOGE) is the antithesis of the type of investment that legendary value proponent Warren Buffett tends to make. Chasing the crowd in hype-driven plays with no real fundamental value is the total opposite of his patient, farsighted, and totally grounded approach to buying stocks.
DeFi Platform MANTRA Secures Dubai License, Expanding Global Reach
The platform recently added Google as a primary validator and infrastructure to its blockchain.
Here Are 20 New Reasons to Buy $5,000 of Bitcoin and Hold It Until the Cows Come Home
It's no secret that if the answer is yes, it would be a major positive driver of Bitcoin prices for years, and possibly forever. And don't sell your coins the moment there's some volatility or the price drops.
Parsons (NYSE:PSN) Misses Q4 Revenue Estimates, Stock Drops
Infrastructure and defense services provider Parsons (NYSE:PSN) fell short of the market’s revenue expectations in Q4 CY2024, but sales rose 16.1% year on year to $1.73 billion. The company’s full-year revenue guidance of $7.25 billion at the midpoint came in 1.3% below analysts’ estimates. Its non-GAAP profit of $0.78 per share was 14.6% below analysts’ consensus estimates.
Walmart faces some tariff challenges as Wall Street awaits record-breaking sales
Penny-pinching Walmart shoppers focus much more on getting the lowest prices than on whether products are made in the U.S., Canada, China or elsewhere, Walmart executives have said. When Walmart discloses results on Thursday, the chain of more than 4,600 U.S. stores is likely to show that it rang up record annual sales, according to LSEG estimates. Walmart revenue rose by roughly 5% to $680.47 billion for the year ending January 31, 2025, according to LSEG estimates ahead of the results.
Fed concerns rise as tariff threats ratchet higher and wider
U.S. Federal Reserve officials remain uncertain about the impact tariffs might have on inflation, but have begun outlining more serious risks to supply chains, public expectations and ultimately prices as the scope of the Trump administration's plans for import taxes has become clearer. The trade war touched off during President Donald Trump's first term eventually prompted the Fed to lower interest rates because, rather than feeding inflation, the global and U.S. growth outlook began to dim. But with a high inflation episode still top of mind, consumers still spending, and higher sensitivity at the Fed to how supply disruptions can create persistent inflation, the sweep and extent of Trump's plans are causing concern.
Investors aren't just buying US stocks anymore: Morning Brief
The mood has shifted sharply from last year's overwhelming bullishness for American stock performance.