Eli Lilly surprised investors with an earnings beat, while missing revenue expectations in its fourth-quarter results. The pharmaceutical giant's performance aligned with the preliminary figures released earlier in January. Meanwhile, Helmerich & Payne reported fiscal first-quarter revenue of $677.3 million, falling short of FactSet's consensus estimate of $692.6 million. In a significant leadership shift, Skyworks Solutions announced that current president and CEO Liam Griffin will step down, with Inseego executive chairman Philip Brace stepping into the role, leading to a nearly 30% decline in the company's shares.
Arm Holdings projected full-year revenue between $3.94 billion and $4.04 billion, affirming investor confidence after surpassing analyst estimates in its third-quarter results. Brands stock rose approximately 3% following slightly better-than-expected fourth-quarter earnings. In contrast, Qualcomm experienced a 5% decline despite reporting quarterly earnings per share of $3.41 on an adjusted basis and revenue of $11.67 billion, both exceeding forecasts.
Bristol Myers Squibb saw its shares pull back nearly 6% after its full-year outlook fell short of Wall Street expectations. Honeywell remains optimistic, projecting adjusted earnings per share ranging from $10.10 to $10.50. Roblox faced a setback, falling 20% as its fourth-quarter bookings of $1.36 billion missed the anticipated $1.37 billion.
Peloton surged over 15% after reporting second-quarter revenue that exceeded projections, signaling strong market demand for its products. Conversely, Molina Healthcare's shares dipped by 9% when its fourth-quarter adjusted earnings of $5.05 per share missed the forecasted $5.88 per share.
Ford's shares dropped more than 5% in premarket trading after issuing soft guidance for 2025, raising concerns among investors about the company's future performance.
Leave a Reply