News

Fabless chip and software maker Broadcom (NASDAQ:AVGO) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 24.7% year on year to $14.92 billion. Guidance for next quarter’s revenue was better than expected at $14.9 billion at the midpoint, 0.5% above analysts’ estimates. Its non-GAAP profit of $1.60 per share was 6.1% above analysts’ consensus estimates.

Proponents claim a state Bitcoin reserve will serve as hedge against inflation in the world's eighth-largest economy.

Medical device company CooperCompanies (NASDAQ:COO) fell short of the market’s revenue expectations in Q4 CY2024 as sales rose 3.6% year on year to $964.7 million. On the other hand, the company’s outlook for the full year was close to analysts’ estimates with revenue guided to $4.12 billion at the midpoint. Its non-GAAP profit of $0.92 per share was in line with analysts’ consensus estimates.

Recreational products manufacturer American Outdoor Brands (NASDAQ:AOUT) reported Q4 CY2024 results beating Wall Street’s revenue expectations, with sales up 9.5% year on year to $58.51 million. The company expects the full year’s revenue to be around $208.5 million, close to analysts’ estimates. Its GAAP profit of $0.01 per share was significantly above analysts’ consensus estimates.

Internet of Things company Samsara (NYSE:IOT) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 25.3% year on year to $346.3 million. On the other hand, next quarter’s revenue guidance of $351 million was less impressive, coming in 0.6% below analysts’ estimates. Its non-GAAP profit of $0.11 per share was 55.7% above analysts’ consensus estimates.

Refrigerant services company Hudson Technologies (NASDAQ:HDSN) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 22.8% year on year to $34.64 million. Its GAAP loss of $0.06 per share was $0.03 below analysts’ consensus estimates.

Enterprise technology company Hewlett Packard Enterprise (NYSE:HPE) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 16.3% year on year to $7.85 billion. On the other hand, next quarter’s revenue guidance of $7.4 billion was less impressive, coming in 6.4% below analysts’ estimates. Its non-GAAP profit of $0.49 per share was in line with analysts’ consensus estimates.