GE Vernova's shares fell 4% on Friday after Guggenheim downgraded the stock from a "buy" to a "neutral" rating. Analyst Joseph Osha attributed this decision to the stock's recent strong performance and a slowdown in upward revisions. Meanwhile, CF Industries faced a significant drop of 7.5% as JPMorgan shifted its rating to "underweight" from "neutral." This adjustment comes amidst rising domestic natural gas prices, which are expected to impact earnings estimates for 2025 and 2026.
"Increases in domestic natural gas prices, which is the primary raw material for the manufacture of nitrogen fertilizers, should lead to Consensus earnings estimate cuts for 2025 and for 2026." – JPMorgan
American Express experienced a modest decline of 1% following a slowdown in its projected revenue growth for 2025 compared to 2024. Despite this, the company reported a fourth-quarter revenue beat and earnings that met analysts' expectations. Similarly, Intuitive Surgical saw its shares slip by 4% after forecasting an adjusted gross profit margin of between 67% and 68% for 2025.
NextEra Energy bucked the trend with a 5% increase after reporting fourth-quarter adjusted earnings of 53 cents per share, aligning with FactSet consensus estimates. Conversely, Ericsson's U.S.-listed shares plummeted 14% due to an earnings miss in the fourth quarter. The company posted an adjusted EBITA of 10.25 billion Swedish kroner, falling short of the analyst consensus of 10.69 billion Swedish kroner.
Elsewhere, Grindr's stock surged by 8% following the release of fresh guidance indicating expected full-year 2024 revenue between $343 million and $345 million. This surpassed FactSet analysts' expectations of $338 million. CSX Corp's shares dipped 3% as their reported fourth-quarter revenue of $3.54 billion missed analysts' projections from LSEG, which stood at $3.58 billion.
Novo Nordisk delivered positive news with favorable results from an early-stage trial for its amycretin obesity drug. In contrast, Verizon Communications experienced a 1% rise in shares, marking its strongest quarterly wireless subscriber growth in five years.
Finally, Twilio provided optimistic projections during its Thursday investor event. The company announced expectations for its adjusted operating margin to reach as high as 22% by 2027.
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