News

Shares of flow control equipment manufacturer Flowserve (NYSE:FLS) fell 9.8% in the pre-market session after the company reported disappointing fourth-quarter results: Its EPS missed significantly, and its revenue fell short of Wall Street's estimates. On the other hand, Flowserve blew past analysts' backlog expectations this quarter. Still, this was a weaker quarter.

Shares of medical device company Penumbra (NYSE:PEN) jumped 13.6% in the afternoon session after the company reported impressive fourth-quarter 2024 results, which blew past analysts' constant currency revenue, EBITDA, and earnings expectations. Sales grew by 10.8% compared to the previous year due to strong performance in its U.S. thrombectomy business, which surged 27.3%. This strength helped offset a 16.5% decline in international sales, largely due to weaker performance in China. However, de

Trump looks to post less on the stock market.

CEOs are pulling out all the stops to boost productivity—ditching remote work, setting up AI war rooms, and now, tightening the purse strings on bonuses.

On Wednesday, shares of Bumble tumbled after the online dating service issued a weaker-than-expected first-quarter outlook and said it lost 57,000 paying customers in the fourth quarter versus the third.

Major U.S. indexes were mixed and little changed at midday Wednesday ahead of the release of minutes from the Federal Reserve's January meeting.

Toll Brothers shares slumped Wednesday after the homebuilder posted weaker-than-expected results and warned about demand in some markets.