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Industry News

ZoomInfo (NASDAQ:ZI) Reports Upbeat Q4, Stock Jumps 12.7%

Sales intelligence platform ZoomInfo beat Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 2.3% year on year to $309.1 million. Guidance for next quarter’s revenue was better than expected at $295.5 million at the midpoint, 1.2% above analysts’ estimates. Its non-GAAP profit of $0.26 per share was 14.8% above analysts’ consensus estimates.

Stock Market’s Engine Sputters in Latest Worrying Sign for Bulls

(Bloomberg) -- With frothy corners of the US stock market under duress as investors grow concerned about the economy and the threat from inflation, Wall Street bulls are finding little solace in the one area that’s been unshakable for two years: megacap tech.Most Read from BloombergNYC’s Congestion Pricing Pulls In $48.6 Million in First MonthNYC to Shut Migrant Center in Former Hotel as Crisis EasesDC Mayor Re-ups Call for Statehood as Trump Threatens TakeoverThe Trump Administration Takes Aim

First Solar (NASDAQ:FSLR) Posts Better-Than-Expected Sales In Q4

Solar panel manufacturer First Solar (NASDAQ:FSLR) announced better-than-expected revenue in Q4 CY2024, with sales up 30.7% year on year to $1.51 billion. The company expects the full year’s revenue to be around $5.55 billion, close to analysts’ estimates. Its GAAP profit of $3.65 per share was 23.9% below analysts’ consensus estimates.

Axon’s (NASDAQ:AXON) Q4: Beats On Revenue, Stock Jumps 11.5%

Aerospace and defense company AXON (NASDAQ:AXON) reported Q4 CY2024 results beating Wall Street’s revenue expectations, with sales up 33.6% year on year to $575.1 million. The company’s full-year revenue guidance of $2.6 billion at the midpoint came in 1.8% above analysts’ estimates. Its non-GAAP profit of $2.08 per share was 48.2% above analysts’ consensus estimates.

Tesla Market Value Slips Below $1 Trillion as Europe Sales Sink

(Bloomberg) -- A quick unwind in the shares of Tesla Inc. pushed the electric-vehicle maker’s market capitalization below the coveted $1 trillion-mark on Tuesday, amid reports of a stark slowdown in car sales in Europe. Most Read from BloombergNYC’s Congestion Pricing Pulls In $48.6 Million in First MonthNYC to Shut Migrant Center in Former Hotel as Crisis EasesDC Mayor Re-ups Call for Statehood as Trump Threatens TakeoverThe Trump Administration Takes Aim at Transportation ResearchShelters Awai