Clinical research company Medpace Holdings (NASDAQ:MEDP) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 7.7% year on year to $536.6 million. On the other hand, the company’s full-year revenue guidance of $2.16 billion at the midpoint came in 3.5% below analysts’ estimates. Its GAAP profit of $3.67 per share was 24.1% above analysts’ consensus estimates.
Semiconductor packaging and testing company Amkor Technology (NASDAQ:AMKR) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 7% year on year to $1.63 billion. Next quarter’s revenue guidance of $1.28 billion underwhelmed, coming in 14.1% below analysts’ estimates. Its GAAP profit of $0.43 per share was 16.2% above analysts’ consensus estimates.
Material handling equipment manufacturer Columbus McKinnon (NASDAQ:CMCO) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 7.9% year on year to $234.1 million. Its non-GAAP profit of $0.56 per share was 23.3% below analysts’ consensus estimates.
Inflation likely started off 2025 by continuing to overstay its welcome, with price increases still gnawing away at the buying power of household budgets.
SpringWorks Therapeutics stock surged over Monday after a report from Reuters that German medical tech giant Merck KGaA could be close to acquiring the company.
The “buy now, pay later” company is backed by venture capital firm, Sequoia Capital, which has a 22% stake.
NEW YORK (Reuters) -Coffee futures in New York rose more than 6% on Monday in the ICE exchange to a fresh all-time high above $4.30 per pound, with some market participants citing panic in the market amid limited coffee availability. Arabica coffee futures hit a record for the 13th straight trading session. Reports of a dry, hot weather system forming over Brazil's coffee areas helped to drive the new price peaks, as farmers in the world's top grower are reluctant to sell.
Nineteen U.S. states are weighing bills to put public money into digital assets, some of them similar to the federal pursuit of a Strategic Bitcoin Reserve.
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