Shares of cloud computing provider DigitalOcean (NYSE: DOCN) jumped 21% in the pre-market session after the company reported strong fourth-quarter 2024 results, surpassing analysts' expectations for revenue, EPS, and EBITDA. Revenue grew 13% y/y, driven by a sharp rise in spending from its top-tier customers, whose contribution to overall revenue jumped 37%. Additionally, full-year EPS guidance came in above Wall Street estimates. Overall, we think this was still a solid quarter with some key ar
Why Is Sealed Air (SEE) Stock Soaring Today
Shares of integrated packaging solutions provider Sealed Air Corporation (NYSE:SEE) jumped 11.6% in the morning session after the company reported impressive fourth-quarter 2024 results that outperformed analysts' EPS and EBITDA estimates, even as revenue remained mostly flat year on year. Looking ahead, Sealed Air's full-year 2025 revenue and EPS guidance disappointed, both falling short of analyst expectations. Still, this was a decent quarter.
Why FARO (FARO) Stock Is Up Today
Shares of 3D measurement and imaging company FARO (NASDAQ:FARO) jumped 18.1% in the afternoon session after the company reported a strong Q4 2024 quarter, with revenue, EBITDA, and EPS surpassing Wall Street's estimates. While revenue did decline 5% y/y due to softer demand, the real story here is margin expansion. Gross margins jumped to 56.7% from 50.9% last year, helping drive profitability gains.
Fed’s Barr Says Monetary Policy ‘Inextricably’ Tied to Stability
(Bloomberg) -- Federal Reserve Vice Chair for Supervision Michael Barr says monetary policy and financial stability are “inextricably linked.” Most Read from BloombergNYC’s Congestion Pricing Pulls In $48.6 Million in First MonthNYC to Shut Migrant Center in Former Hotel as Crisis EasesThe Trump Administration Takes Aim at Transportation ResearchDC Mayor Re-ups Call for Statehood as Trump Threatens TakeoverShelters Await Billions in Federal Money for Homelessness ProvidersBarr’s speech Tuesday f
Wall Street Gamblers Get Crushed as Leveraged ETF Losses Hit 40%
(Bloomberg) -- They were all the rage on the way up: high-risk, high-return exchange-traded funds, minted in bulk by Wall Street product managers in the euphoria of the post-election bull market.Most Read from BloombergNYC’s Congestion Pricing Pulls In $48.6 Million in First MonthNYC to Shut Migrant Center in Former Hotel as Crisis EasesDC Mayor Re-ups Call for Statehood as Trump Threatens TakeoverThe Trump Administration Takes Aim at Transportation ResearchShelters Await Billions in Federal Mon
Watch These Palantir Stock Price Levels as Sell-Off From Last Week's High Accelerates
Shares Have Plunged 30% After Hitting a Record Closing High a Week Ago
Former Binance CEO predicts Bitcoin will reach $1 million despite crypto market crash
Binance’s former CEO Changpeng "CZ" Zhao believes Bitcoin could eventually reach $1 million, even as it tumbles below $87,000.
3 Consumer Stocks in Hot Water
Consumer discretionary businesses are levered to the highs and lows of economic cycles. This sensitive demand profile can lead to some stock price volatility, but over the past six months, the industry has stayed on track as its 6.3% return was close to the S&P 500’s.
3 Consumer Stocks Skating on Thin Ice
The performance of consumer discretionary businesses is closely linked to economic cycles. This sensitive demand profile can lead to some stock price volatility, but over the past six months, the industry has stayed on track as its 6.3% return was close to the S&P 500’s.
Tesla Stock Tumbles Again, This Time as European EV Registrations Plunge
Tesla shares are extending this year’s declines, dropping almost 8% Tuesday, as Elon Musk’s company recorded a 45% plunge in European EV registrations last month.