News

Stocks wobbled on Wednesday as hotter inflation pushed back interest rate cut hopes.

Mobile app advertising platform AppLovin (NASDAQ: APP) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 44% year on year to $1.37 billion. On top of that, next quarter’s revenue guidance ($1.37 billion at the midpoint) was surprisingly good and 3.7% above what analysts were expecting. Its GAAP profit of $1.73 per share was 37.5% above analysts’ consensus estimates.

Waste management company Casella (NASDAQ:CWST) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 18.9% year on year to $427.5 million. The company’s full-year revenue guidance of $1.79 billion at the midpoint came in 3.2% above analysts’ estimates. Its non-GAAP profit of $0.41 per share was significantly above analysts’ consensus estimates.

Online work marketplace Upwork (NASDAQ:UPWK) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 4.1% year on year to $191.5 million. The company expects next quarter’s revenue to be around $188.5 million, coming in 2.9% above analysts’ estimates. Its non-GAAP profit of $1.03 per share was significantly above analysts’ consensus estimates.

Aerospace and defense company Curtiss-Wright (NYSE:CW) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 4.9% year on year to $824.3 million. The company’s full-year revenue guidance of $3.36 billion at the midpoint came in 1.7% above analysts’ estimates. Its GAAP profit of $3.09 per share was 2.6% above analysts’ consensus estimates.

Reddit reported fourth-quarter earnings that topped analysts' estimates, but its user growth fell short, sending shares lower in extended trading Wednesday.

Contract logistics company GXO (NYSE:GXO) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 25.5% year on year to $3.25 billion. Its non-GAAP profit of $1 per share was 5.8% above analysts’ consensus estimates.