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Parsons (NYSE:PSN) Misses Q4 Revenue Estimates, Stock Drops

Infrastructure and defense services provider Parsons (NYSE:PSN) fell short of the market’s revenue expectations in Q4 CY2024, but sales rose 16.1% year on year to $1.73 billion. The company’s full-year revenue guidance of $7.25 billion at the midpoint came in 1.3% below analysts’ estimates. Its non-GAAP profit of $0.78 per share was 14.6% below analysts’ consensus estimates.

Walmart faces some tariff challenges as Wall Street awaits record-breaking sales

Penny-pinching Walmart shoppers focus much more on getting the lowest prices than on whether products are made in the U.S., Canada, China or elsewhere, Walmart executives have said. When Walmart discloses results on Thursday, the chain of more than 4,600 U.S. stores is likely to show that it rang up record annual sales, according to LSEG estimates. Walmart revenue rose by roughly 5% to $680.47 billion for the year ending January 31, 2025, according to LSEG estimates ahead of the results.

Fed concerns rise as tariff threats ratchet higher and wider

U.S. Federal Reserve officials remain uncertain about the impact tariffs might have on inflation, but have begun outlining more serious risks to supply chains, public expectations and ultimately prices as the scope of the Trump administration's plans for import taxes has become clearer. The trade war touched off during President Donald Trump's first term eventually prompted the Fed to lower interest rates because, rather than feeding inflation, the global and U.S. growth outlook began to dim. But with a high inflation episode still top of mind, consumers still spending, and higher sensitivity at the Fed to how supply disruptions can create persistent inflation, the sweep and extent of Trump's plans are causing concern.

Thinking of Buying Dogecoin or $TRUMP? Stop Right There and Do This Instead.

Many investors flirt with the idea of buying a meme coin like Dogecoin, (CRYPTO: DOGE) or perhaps a newer issue like the Official Trump coin, which is on the Solana (CRYPTO: SOL) blockchain with the ticker $TRUMP. It is understandable why investors gravitate toward meme coins for a return. The period when you are the most likely to hear about Dogecoin, or any other meme coin, is during the sharpest ascent of its price.