Self-storage and building solutions company Janus (NYSE:JBI) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, but sales fell by 12.5% year on year to $230.8 million. The company’s full-year revenue guidance of $875 million at the midpoint came in 3% above analysts’ estimates. Its non-GAAP profit of $0.05 per share was significantly above analysts’ consensus estimates.
Luxury furniture retailer Arhaus (NASDAQ:ARHS) met Wall Street’s revenue expectations in Q4 CY2024, but sales were flat year on year at $347 million. On the other hand, next quarter’s revenue guidance of $313 million was less impressive, coming in 0.8% below analysts’ estimates. Its GAAP profit of $0.15 per share was 16.2% above analysts’ consensus estimates.
The S&P 500 will finish 2025 up about 9% from now, but volatility will likely increase as a barrage of tariff announcements, job cuts and policy changes from President Donald Trump fuels uncertainty, according to equity strategists in a Reuters poll. The year-end target of 6,500 for the benchmark S&P 500, the median forecast of 54 equity strategists, analysts, brokers and portfolio managers collected February 13-25 is unchanged from a Reuters equity poll in November. The index is up 1.3% so far in 2025 following two straight years of gains exceeding 20%, helped largely by gains in megacap tech companies like Nvidia dominating the race for artificial intelligence technology.
Telecommunications company Dycom (NYSE:DY) reported Q4 CY2024 results beating Wall Street’s revenue expectations, with sales up 13.9% year on year to $1.08 billion. On the other hand, next quarter’s revenue guidance of $1.18 billion was less impressive, coming in 5.6% below analysts’ estimates. Its GAAP profit of $1.11 per share was 33.3% above analysts’ consensus estimates.
LONDON/FRANKFURT (Reuters) -German group Stroeer's sale of its multi-billion-euro outdoor advertising business has suffered a setback as two bidders balked at the asking price, amid worries over the country's economy, three people familiar with the talks told Reuters. Stroeer, Germany's leading outdoor advertiser, is a bellwether of Europe's biggest economy, which is deep in recession and uncertainty as it awaits the outcome of negotiations to establish a government. Stroeer said in January it had received indicative offers from private equity investors for its "out-of-home" advertising business that is responsible for thousands of posters, billboards and digital screens across the country's train stations, shopping centres and town squares.
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Semiconductor photomask manufacturer Photronics (NASDAQ:PLAB) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, but sales fell by 1.9% year on year to $212.1 million. On the other hand, next quarter’s revenue guidance of $212 million was less impressive, coming in 5.8% below analysts’ estimates. Its non-GAAP profit of $0.52 per share was 10.6% above analysts’ consensus estimates.
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The Bundesbank racked up its first loss since 1979, as president Joachim Nagel called on Germany's incoming government to save the economy.
Stellantis shares fell in premarket trading Wednesday after the struggling automaker's 2024 profit disappointed investors, although the Jeep and Chrysler parent said it expects to return to revenue growth this year.
