• Feb 06, 2025

Arrow Electronics’s (NYSE:ARW) Q4 Sales Top Estimates But Stock Drops

Global electronics components and solutions distributor Arrow Electronics (NYSE:ARW) reported Q4 CY2024 results exceeding the market’s revenue expectations, but sales fell by 7.2% year on year to $7.28 billion. On the other hand, next quarter’s revenue guidance of $6.28 billion was less impressive, coming in 3.3% below analysts’ estimates. Its non-GAAP profit of $2.97 per share was 11% above analysts’ consensus estimates.

  • Feb 06, 2025

Russian Oil Falls Back Below $60 Price Cap as US Sanctions Bite

(Bloomberg) -- Russia’s flagship crude oil has dropped back below a price cap of $60 a barrel for the first time since December, one of several indicators that fresh US sanctions on Moscow may be biting.Most Read from BloombergCitadel to Leave Namesake Chicago Tower as Employees RelocateState Farm Seeks Emergency California Rate Hike After FiresTransportation Memos Favor Places With Higher Birth and Marriage RatesNYC Sees Pedestrian Traffic Increase in Congestion-Pricing ZoneSan Francisco Wants

  • Feb 06, 2025

Market Adds Bets on BOE Easing, Defying Bank’s Rate Comments

(Bloomberg) -- Traders upped bets for further interest-rate cuts from the Bank of England this year after policymakers lowered borrowing costs by a quarter point as expected — with two voting for a bigger reduction.Most Read from BloombergCitadel to Leave Namesake Chicago Tower as Employees RelocateState Farm Seeks Emergency California Rate Hike After FiresTransportation Memos Favor Places With Higher Birth and Marriage RatesSan Francisco Wants Wealthy Donors to Help Fix Fentanyl CrisisNY Transi

  • Feb 06, 2025

MasterCraft’s (NASDAQ:MCFT) Q4 Sales Beat Estimates, Stock Soars

Sport boat manufacturer MasterCraft (NASDAQ:MCFT) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, but sales fell by 36.3% year on year to $63.37 million. On the other hand, next quarter’s revenue guidance of $75 million was less impressive, coming in 7.2% below analysts’ estimates. Its non-GAAP profit of $0.10 per share was significantly above analysts’ consensus estimates.

  • Feb 06, 2025

MACOM’s (NASDAQ:MTSI) Q4 Sales Top Estimates, Provides Encouraging Quarterly Revenue Guidance

Network chips maker MACOM Technology Solutions (NASDAQ: MTSI) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 38.8% year on year to $218.1 million. Guidance for next quarter’s revenue was optimistic at $230 million at the midpoint, 2.1% above analysts’ estimates. Its non-GAAP profit of $0.79 per share was in line with analysts’ consensus estimates.

  • Feb 06, 2025

Roblox’s (NYSE:RBLX) Q4 Sales Top Estimates But Stock Drops 21.5%

Gaming metaverse operator Roblox (NYSE:RBLX) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 31.8% year on year to $988.2 million. The company expects next quarter’s revenue to be around $1.00 billion, coming in 2.5% above analysts’ estimates. Its GAAP loss of $0.33 per share was 26.2% above analysts’ consensus estimates.