Snap stock craters after it reveals an $800 loophole could endanger more than $1 billion in ad revenue
A ban on de minimis exemptions will go into effect Friday and allows imports under $800 to be duty-free.
MYR Group’s (NASDAQ:MYRG) Q1: Strong Sales
Electrical construction and infrastructure services provider MYR Group (NASDAQ:MYRG) beat Wall Street’s revenue expectations in Q1 CY2025, with sales up 2.2% year on year to $833.6 million. Its GAAP profit of $1.45 per share was 23.5% above analysts’ consensus estimates.
Align Technology (NASDAQ:ALGN) Reports Q1 In Line With Expectations, Stock Jumps 10.3%
Dental technology company Align Technology (NASDAQ:ALGN) met Wall Street’s revenue expectations in Q1 CY2025, but sales fell by 1.8% year on year to $979.3 million. The company expects next quarter’s revenue to be around $1.06 billion, coming in 0.8% above analysts’ estimates. Its non-GAAP profit of $2.13 per share was 7.1% above analysts’ consensus estimates.
Meta, Microsoft reports lift AI-related stocks
The reports appeared to boost demand for shares in AI chip leader Nvidia Corp, which rose 2.8% in late trading, and chip rival Advanced Micro Devices, which rose 2%. Shares in Amazon.com, which competes with Microsoft in cloud-computing and is due to report results on May 1, were up 3% with strong after-the-bell volume. Shares in Microsoft soared more than 6% in late trading after it topped quarterly revenue expectations on strong Azure cloud-computing growth, reassuring investors its hefty AI investments were paying off.
S&P 500 Gains and Losses Today: Seagate Technology Stock Jumps as Earnings Underscore Storage Demand
The S&P 500 rose 0.2% on Wednesday, April 30, with stocks rallying late in the session to maintain its seven-day winning streak.
Meta’s capex inflation: Mark Zuckerberg’s AI appetite and the Trump tariffs are boosting infrastructure spending to as much as $72 billion
The social media company cited its aggressive AI goals and rising hardware costs for its decision to raise capex spending by billions of dollars from the range it had set just three months ago.
Meta Stock Rallies as Earnings Top Estimates, Meta AI Hits User Milestone
Meta reported better-than-expected quarterly earnings, sending shares higher in extended trading Wednesday.
Service International (NYSE:SCI) Surprises With Q1 Sales, Stock Soars
Funeral services company Service International (NYSE:SCI) reported Q1 CY2025 results exceeding the market’s revenue expectations, with sales up 2.8% year on year to $1.07 billion. Its non-GAAP profit of $0.96 per share was 5.7% above analysts’ consensus estimates.
Mister Car Wash’s (NASDAQ:MCW) Q1 Sales Beat Estimates
Conveyorized car wash service company Mister Car Wash (NYSE:MCW) reported revenue ahead of Wall Street’s expectations in Q1 CY2025, with sales up 9.4% year on year to $261.7 million. The company expects the full year’s revenue to be around $1.06 billion, close to analysts’ estimates. Its non-GAAP profit of $0.11 per share was in line with analysts’ consensus estimates.
Guardant Health’s (NASDAQ:GH) Q1: Strong Sales, Stock Soars
Diagnostics company Guardant Health (NASDAQ:GH) reported Q1 CY2025 results topping the market’s revenue expectations, with sales up 20.8% year on year to $203.5 million. The company’s full-year revenue guidance of $885 million at the midpoint came in 3.2% above analysts’ estimates. Its non-GAAP loss of $0.49 per share was 17% above analysts’ consensus estimates.