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Lennar (NYSE:LEN) Reports Sales Below Analyst Estimates In Q4 Earnings, Stock Drops
Homebuilder Lennar (NYSE:LEN) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 9.3% year on year to $9.95 billion. Its GAAP profit of $4.06 per share was 2.5% below analysts’ consensus estimates.
No Surprises In Micron’s (NASDAQ:MU) Q4 Sales Numbers But Stock Drops 13.4%
Memory chips maker Micron (NYSE:MU) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 84.3% year on year to $8.71 billion. On the other hand, next quarter’s revenue guidance of $7.9 billion was less impressive, coming in 11.9% below analysts’ estimates. Its non-GAAP profit of $1.79 per share was 1.4% above analysts’ consensus estimates.
Why Peloton (PTON) Stock Is Nosediving
Shares of exercise equipment company Peloton (NASDAQ:PTON) fell 8.4% in the afternoon session as stocks tumbled (Nasdaq down 1.3%, S&P 500 down 1.1%) after the Fed signaled that there would be fewer cuts ahead (than expected) during the December 2024 FOMC meeting.
Why Wayfair (W) Shares Are Plunging Today
Shares of online home goods retailer Wayfair (NYSE: W) fell 7.4% in the afternoon session as stocks tumbled (Nasdaq down 1.3%, S&P 500 down 1.1%) after the Fed signaled that there would be fewer cuts ahead (than expected) during the December 2024 FOMC meeting.
Why UiPath (PATH) Shares Are Sliding Today
Shares of automation software company UiPath (NYSE:PATH) fell 5% in the afternoon session as stocks tumbled (Nasdaq down 2%, S&P 500 down 1.5%) after the Fed signaled that there would be fewer cuts ahead (than expected) during the December 2024 FOMC meeting. This announcement followed the committee's decision to reduce rates by 0.25% to a range of 4.25%–4.5%, which was largely in line with consensus forecasts. Looking ahead to 2025, the Fed is expected to implement two quarter-point rate cuts, suggesting that future policy adjustments will be implemented at a slower pace, with the committee reiterating a data-driven approach that factors future inflation data and updates on the labor market. As a reminder, the driver of a stock's value is the sum of its future cash flows discounted back to today. The result of lower interest rates, all else equal, is higher stock valuations. This is especially true for higher-growth stocks, such as those in the technology sector, where the current value depends more on cash flows many years out in the future.
Why Atlassian (TEAM) Shares Are Falling Today
Shares of IT project management software company, Atlassian (NASDAQ:TEAM) fell 5.9% in the afternoon session as stocks tumbled (Nasdaq down 2%, S&P 500 down 1.7%) after the Fed signaled that there would be fewer cuts ahead (than expected) during the December 2024 FOMC meeting.
Why Tesla (TSLA) Stock Is Trading Lower Today
Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) fell 7.1% in the afternoon session as stocks tumbled (Nasdaq down 2%, S&P 500 down 1.5%) after the Fed signaled that there would be fewer cuts ahead (than expected) during the December 2024 FOMC meeting.
Worthington (WOR) Stock Trades Up, Here Is Why
Shares of diversified industrial manufacturing company Worthington (NYSE:WOR) jumped 16.8% in the morning session after the company reported strong third-quarter (FQ2 2025) results that exceeded analysts' EPS and EBITDA expectations, while revenue came in roughly in line with Wall Street's estimates. While the top line implied a growth deceleration, this was due to an unfavorable comparison caused by the divestiture of its Sustainable Energy Solutions segment. Zooming out, we think this quarter featured some important positives.
Why Are Rapid7 (RPD) Shares Soaring Today
Shares of cybersecurity software maker Rapid7 (NASDAQ:RPD) jumped 6.7% in the afternoon session after Reuters reported that publicly traded holding company Cannae is interested in separate talks to acquire Rapid7. The sources added that Cannae has "de-grouped" from activist investor Jana Partners, which had also been actively pursuing the acquisition of Rapid7.
Why Rivian (RIVN) Shares Are Getting Obliterated Today
Shares of electric vehicle manufacturer Rivian (NASDAQ:RIVN) fell 5.2% in the morning session after Baird analyst Ben Kallo downgraded the stock from Buy to Hold and lowered the price target from $18 to $16. Kallo pointed out that the recently completed Volkswagen joint venture and the unexpected boost from the Department of Energy's funding announcement are "in the rearview." The analyst believes there are limited new catalysts to drive the company's performance in 2025. As a result, Kallo thinks the stock will struggle.