Medical technology company Intuitive Surgical (NASDAQ:ISRG) announced better-than-expected revenue in Q4 CY2024, with sales up 25.2% year on year to $2.41 billion. Its non-GAAP profit of $2.21 per share was 23.8% above analysts’ consensus estimates.
Deckers is Leading S&P 500 Decliners After Reporting Earnings Late Thursday
Life sciences company Neogen (NASDAQ:NEOG) beat Wall Street’s revenue expectations in Q4 CY2024, but sales were flat year on year at $231.3 million. Its non-GAAP profit of $0.11 per share was in line with analysts’ consensus estimates.
Shares of footwear and apparel conglomerate Deckers (NYSE:DECK) fell 16.8% in the morning session after the company reported mixed fourth quarter results: its full-year revenue guidance slightly missed even though the company raised it. The sales guidance suggested a steady slowdown in growth to the mid-teens. On the other hand, Deckers blew past analysts' constant currency revenue and EPS estimates. Overall, this quarter had some key positives, but the market was expecting even better results.
Nvidia CEO Jensen Huang is set to meet with President Donald Trump at the White House Friday, after a wild week for the chipmaker's stock.
Hedge funds have bet billions of dollars against Donald Trump’s America amid fears of a market crash.
U.S. equities were mostly higher at midday on positive tech earnings news and a report showing December inflation came in as expected.
Apple shares rose Friday morning after the company reported better-than-expected earnings and said customers are increasingly upgrading their iPhones to take advantage of AI features. Monitor these crucial post-earnings chart levels.
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Apple and other big U.S. companies reporting fatter profits than expected are helping Wall Street shave off more of its sharp losses from the start of the week on Friday. It's on track for just a 0.1% weekly loss after tumbling Monday on worries the artificial-intelligence boom that’s sent it to records may not require as much investment as thought. Apple helped lead the market and rose 3.2% after reporting stronger profit for the latest quarter than analysts expected.