Online marketplace eBay (NASDAQ:EBAY) reported Q1 CY2025 results topping the market’s revenue expectations, with sales up 1.1% year on year to $2.59 billion. Guidance for next quarter’s revenue was better than expected at $2.63 billion at the midpoint, 0.9% above analysts’ estimates. Its non-GAAP profit of $1.38 per share was 3.2% above analysts’ consensus estimates.
Commercial vehicle retailer Rush Enterprises (NASDAQ:RUSH.A) reported Q1 CY2025 results beating Wall Street’s revenue expectations, but sales fell by 1.1% year on year to $1.85 billion. Its GAAP profit of $0.73 per share was 1.4% above analysts’ consensus estimates.
Manufacturing equipment and systems provider Advanced Energy (NASDAQ:AEIS) reported revenue ahead of Wall Street’s expectations in Q1 CY2025, with sales up 23.6% year on year to $404.6 million. On top of that, next quarter’s revenue guidance ($420 million at the midpoint) was surprisingly good and 5.4% above what analysts were expecting. Its non-GAAP profit of $1.23 per share was 16.1% above analysts’ consensus estimates.
A ban on de minimis exemptions will go into effect Friday and allows imports under $800 to be duty-free.
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.
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.
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.
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.
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 reported better-than-expected quarterly earnings, sending shares higher in extended trading Wednesday.
