Palantir Technologies led the charge in market movements, with shares surging 21% following impressive fourth-quarter results. The defense tech company reported revenue of $828 million, surpassing analyst expectations of $776 million. Additionally, Palantir's adjusted earnings of $1.31 per share exceeded the $1.11 per share forecasted by FactSet analysts. CEO Alex Karp attributed much of the company's success to its strategic use of artificial intelligence.
NXP Semiconductors also reported strong performance, with shares gaining nearly 2%. The chip company posted fourth-quarter revenue of $3.11 billion, slightly above the consensus estimate of $1.78 billion. Adjusted earnings came in at $3.18 per share, showcasing robust growth in its sector.
AECOM, an infrastructure consulting firm, saw a 2% increase in its shares after exceeding both earnings and revenue expectations for the fiscal first quarter. This positive performance underlines the company’s ongoing strength in the infrastructure sector.
In contrast, Woodward experienced a decline in its stock value by 2.9% after reporting weaker-than-expected revenue of $773 million for its fiscal first quarter. Analysts had anticipated revenue to be slightly higher at $775.4 million, leading to a negative market response.
Healthpeak Properties reported strong quarterly results, boosting its stock by approximately 2%. The real estate investment trust company announced a quarterly dividend increase of 1.7% and reported adjusted funds from operations of 46 cents per share, surpassing analysts' expectations of 45 cents a share.
Kyndryl Holdings faced a downturn, with shares slipping nearly 2% due to disappointing fiscal third-quarter revenue figures. The IT infrastructure company reported $3.74 billion in revenue, falling short of Wall Street's expectations of $3.81 billion. Despite this, Kyndryl managed to report adjusted earnings of 14 cents per share, surpassing the forecasted 11 cents per share.
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