Engineering and design software provider PTC (NASDAQ:PTC) reported Q4 CY2024 results beating Wall Street’s revenue expectations, with sales up 2.7% year on year to $565.1 million. On the other hand, next quarter’s revenue guidance of $605 million was less impressive, coming in 5.8% below analysts’ estimates. Its GAAP profit of $0.68 per share was 26.6% above analysts’ consensus estimates.
Watch These Alphabet Price Levels as Stock Tumbles After Earnings Report
Alphabet shares fell sharply Wednesday as investors responded to the Google parent's weaker-than-expected revenue numbers and big AI spending plans. Monitor these important chart levels.
Palantir stock is on a wild hot streak. Here's why so few analysts are bullish.
Palantir stock is trading at a lofty valuation "which history suggests is nearly impossible to grow into," Deutsche Bank's Brad Zelnick said.
Bitcoin approaches $100,000 as Trump's pro-crypto policies take shape
The Trump administration has signaled a strong desire to overhaul regulation of the crypto industry.
Fed officials note abundance of uncertainty in Trump's policy moves
WASHINGTON (Reuters) -Federal Reserve officials on Wednesday pointed to the large policy uncertainty around tariffs and other issues arising from the early days of President Donald Trump's administration as among the top challenges in figuring out where to take U.S. monetary policy in the months ahead. Chicago Fed President Austan Goolsbee warned that ignoring the potential inflationary impact of tariffs would be a mistake, whereas Richmond Fed President Thomas Barkin said it remains impossible at this early stage to know where cost increases from any tariffs might be absorbed or passed along to consumers.
Texas wants Bitcoin reserves before the Fed, Blockchain leader says
Texas and Florida are pushing for state-held Bitcoin reserves, aiming to outpace federal efforts.
AMD Stock Slumps as Analysts Cut Price Targets After Data Center Revenue Misses Estimates
Advanced Micro Devices shares plunged Wednesday and several analysts lowered their price targets after the chipmaker’s data center sales missed expectations.
FMC Stock Biggest S&P Decliner With Q4 Net Loss, Sees Lowest Level in 9 Years
Shares of FMC Corp. lost roughly a third of their value Wednesday, making the stock by far the biggest decliner in the S&P 500 after it reported a net loss for the fourth quarter.
Why Nvidia, Broadcom, and Other Chip Stocks Are Surging Wednesday
Shares of several tech companies specializing in artificial intelligence products soared Wednesday after Google parent Alphabet said it plans to ramp up spending on AI.
Bitcoin no longer a ‘fringe asset,’ says top Bitcoin mining exec
Bitcoin is no longer a “fringe asset,” says Bitdeer exec, pointing to institutional adoption, growing liquidity, and mainstream accessibility through ETFs.