Two interest rate decisions and Chinese house prices top the Asia-Pacific calendar on Wednesday, with markets still pretty buoyant even as investors navigate the increasingly powerful crosscurrents of global trade and geopolitical uncertainty. When it comes to U.S. monetary policy, the Federal Reserve is adopting a similar stance too. The Reserve Bank of New Zealand on Wednesday is expected to lop another 50 basis points off borrowing costs to counter slowing growth, while Bank Indonesia is set to hold rates to shore up the weak exchange rate, according to Reuters polls.
Perdoceo Education (NASDAQ:PRDO) Surprises With Q4 Sales
Higher education company Perdoceo Education (NASDAQ:PRDO) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 19.3% year on year to $176.4 million. Its non-GAAP profit of $0.50 per share was 4.2% above analysts’ consensus estimates.
Bel Fuse (NASDAQ:BELFA) Beats Expectations in Strong Q4, Stock Soars
Electronic system and device provider Bel Fuse (NASDAQ:BELFA) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 7% year on year to $149.9 million. On top of that, next quarter’s revenue guidance ($149 million at the midpoint) was surprisingly good and 14.4% above what analysts were expecting. Its GAAP loss of $0.14 per share was significantly below analysts’ consensus estimates.
Meta's stock closes down, snapping 20-session winning streak
Meta stock fell Tuesday, snapping its 20-session winning streak.
Lyft Gets Lone Sell Rating as Arete Downgrades Stock on Uber Competition
(Bloomberg) -- The intense competition Lyft Inc. faces from rival Uber Technologies Inc. is threatening to pressure its margins, according to an analyst who has become the lone bear on the stock.Most Read from BloombergWhy Barcelona Bought the Building That Symbolizes Its Housing CrisisPor qué Barcelona compró el edificio que simboliza su crisis inmobiliariaTrump Child Refugee Agency Shares Data With Immigration EnforcersA Filmmaker’s Surreal Journey Into His Own Private WinnipegArete Research S
Why retail investors are excited and scared about market volatility
Some see market volatility as a way to mint big returns, while others view it as a reason to be cautious about where they put their money.
Rush Enterprises’s (NASDAQ:RUSHA) Q4: Strong Sales
Commercial vehicle retailer Rush Enterprises (NASDAQ:RUSH.A) reported Q4 CY2024 results exceeding the market’s revenue expectations, but sales were flat year on year at $2.01 billion. Its GAAP profit of $0.91 per share was 9% above analysts’ consensus estimates.
Intel stock posts biggest five-day gain in history amid report of potential breakup
Intel (INTC) stock jumped Tuesday following a Wall Street Journal report that its rivals Broadcom and TSMC are exploring potential deals with the chipmaker that would split it into two.
Why Bath & Body Works Stock Jumped Nearly 10% on Tuesday
Bath & Body Works (BBWI) shares closed almost 10% higher Tuesday after analysts from JPMorgan upgraded the stock, citing encouraging recent product launches and shrinking post-pandemic headwinds.
Compass (NYSE:COMP) Surprises With Strong Q4, Stock Jumps 10.5%
Real estate technology company Compass (NYSE:COMP) reported Q4 CY2024 results beating Wall Street’s revenue expectations, with sales up 25.9% year on year to $1.38 billion. On top of that, next quarter’s revenue guidance ($1.41 billion at the midpoint) was surprisingly good and 6.3% above what analysts were expecting. Its GAAP loss of $0.08 per share was in line with analysts’ consensus estimates.