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KoreanSemiconductor designer Power Integrations (NASDAQ:POWI) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 17.6% year on year to $105.3 million. On the other hand, next quarter’s revenue guidance of $105,250 was less impressive, coming in 99.9% below analysts’ estimates. Its non-GAAP profit of $0.30 per share was 8.7% above analysts’ consensus estimates.
How The Immigration Surge Boosted The Economy
President Donald Trump's crackdown on the border could stifle a surge of immigration that gave an $8.9 trillion boost to the economy, according to one recent analysis.
Fed’s Waller Says Stablecoins Could Back Dollar’s Reserve Status
(Bloomberg) -- Federal Reserve Governor Christopher Waller said he’s supportive of stablecoins because they are likely to propagate the dollar’s status as a reserve currency, though they need a clear set of rules and regulations.Most Read from BloombergCitadel to Leave Namesake Chicago Tower as Employees RelocateNYC Sees Pedestrian Traffic Increase in Congestion-Pricing ZoneTransportation Memos Favor Places With Higher Birth and Marriage RatesState Farm Seeks Emergency California Rate Hike After
Pinterest (NYSE:PINS) Surprises With Q4 Sales, Stock Jumps 15.4%
Social commerce platform Pinterest (NYSE: PINS) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 17.6% year on year to $1.15 billion. Guidance for next quarter’s revenue was better than expected at $844.5 million at the midpoint, 1% above analysts’ estimates. Its non-GAAP profit of $0.56 per share was 13.5% below analysts’ consensus estimates.
Expedia (NASDAQ:EXPE) Surprises With Strong Q4, Stock Soars
Online travel agency Expedia (NASDAQ:EXPE) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 10.3% year on year to $3.18 billion. Its non-GAAP profit of $2.39 per share was 13.9% above analysts’ consensus estimates.
Arm, Qualcomm stocks fall as investors wait for AI to drive new demand for smartphones, PCs
Arm and Qualcomm stocks dropped more than 4% Thursday despite their above-forecast quarterly earnings results the day prior — a sign that investors aren’t so patiently waiting to see if artificial intelligence will drive a wave of demand for consumer devices that rely on the companies’ chips.
Amazon’s (NASDAQ:AMZN) Q4 Earnings Results: Revenue In Line With Expectations But Quarterly Revenue Guidance Misses Expectations
Cloud computing and online retail behemoth Amazon (NASDAQ:AMZN) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 10.5% year on year to $187.8 billion. On the other hand, next quarter’s revenue guidance of $153.3 billion was less impressive, coming in 3.4% below analysts’ estimates. Its GAAP profit of $1.86 per share was 25.4% above analysts’ consensus estimates.