News

Morning Bid: Trump tariff grenade threatens market calm

A tumultuous week rounds off with investors in Asia taking their cue from more U.S. 'Big Tech' earnings, digesting Fed Chair Jerome Powell's guidance from earlier in the week, but bracing for U.S. tariff-related volatility. The global macro backdrop is broadly supportive, after the European Central Bank's rate cut and indication of more to come, the Bank of Canada's cut earlier this week, and expectations the Bank of England will ease next week. But just before the Wall Street close on Thursday President Donald Trump said the U.S. could slap 25% tariffs on Mexico and Canada.

Adtalem (NYSE:ATGE) Reports Upbeat Q4, Stock Soars

Vocational education company Adtalem Global Education (NYSE:ATGE) announced better-than-expected revenue in Q4 CY2024, with sales up 13.9% year on year to $447.7 million. The company’s full-year revenue guidance of $1.75 billion at the midpoint came in 1.5% above analysts’ estimates. Its non-GAAP profit of $1.81 per share was 32.1% above analysts’ consensus estimates.

Boot Barn (NYSE:BOOT) Reports Q4 In Line With Expectations But Stock Drops

Clothing and footwear retailer Boot Barn (NYSE:BOOT) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 16.9% year on year to $608.2 million. The company expects next quarter’s revenue to be around $455.5 million, close to analysts’ estimates. Its GAAP profit of $2.43 per share was 0.8% above analysts’ consensus estimates.

Deckers (NYSE:DECK) Surprises With Q4 Sales But Stock Drops 15.8%

Footwear and apparel conglomerate Deckers (NYSE:DECK) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 17.1% year on year to $1.83 billion. On the other hand, the company’s full-year revenue guidance of $4.9 billion at the midpoint came in 0.7% below analysts’ estimates. Its GAAP profit of $3 per share was 14.9% above analysts’ consensus estimates.

Intel (NASDAQ:INTC) Beats Q4 Sales Targets But Quarterly Revenue Guidance Significantly Misses Expectations

Computer processor maker Intel (NASDAQ:INTC) reported Q4 CY2024 results topping the market’s revenue expectations, but sales fell by 7.4% year on year to $14.26 billion. On the other hand, next quarter’s revenue guidance of $12.2 billion was less impressive, coming in 5.4% below analysts’ estimates. Its non-GAAP profit of $0.13 per share was 8.7% above analysts’ consensus estimates.

Atlassian (NASDAQ:TEAM) Reports Upbeat Q4, Stock Jumps 17.7%

IT project management software company, Atlassian (NASDAQ:TEAM) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 21.4% year on year to $1.29 billion. Guidance for next quarter’s revenue was optimistic at $1.35 billion at the midpoint, 2.4% above analysts’ estimates. Its non-GAAP profit of $0.96 per share was 27.1% above analysts’ consensus estimates.

KLA Corporation (NASDAQ:KLAC) Delivers Strong Q4 Numbers, Next Quarter’s Sales Guidance is Optimistic

Semiconductor manufacturing equipment maker KLA Corporation (NASDAQ:KLAC) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 23.7% year on year to $3.08 billion. On top of that, next quarter’s revenue guidance ($3 billion at the midpoint) was surprisingly good and 3.8% above what analysts were expecting. Its non-GAAP profit of $8.20 per share was 5.7% above analysts’ consensus estimates.

Intel (NASDAQ:INTC) Q4: Beats On Revenue But Quarterly Revenue Guidance Significantly Misses Expectations

Computer processor maker Intel (NASDAQ:INTC) reported Q4 CY2024 results beating Wall Street’s revenue expectations, but sales fell by 7.4% year on year to $14.26 billion. On the other hand, next quarter’s revenue guidance of $12.2 billion was less impressive, coming in 5.4% below analysts’ estimates. Its non-GAAP loss of $0 per share was significantly below analysts’ consensus estimates.