On an adjusted basis, the company reported a net income of $0.93 per share for the fourth quarter, missing the Wall Street estimate of $0.96 per share, according to FinChat data.
The company said its 2025 earnings would be between $27 and $27.30 per share, compared with the market estimate of $27.94 per share, according to FinChat data.
Communications and industrials climbing the rankings isn’t bearish. This week will give us a classic example of what to trust: the news or the money flows.
Wall Street paused for a breather on Friday, with the S&P 500 index hovering around the flatline at midday trading in New York after a five-day rally that pushed the market to fresh record highs this week. Meanwhile, investor attention shifted to forex and gold markets.
On an adjusted basis, the company reported earnings of $1.32 per share for the fourth quarter, beating the average analysts’ estimate of $1.04 per share, as per FinChat data.
Wall Street traded slightly higher during midday Thursday as investors assessed the ongoing earnings season while closely monitoring policy signals from President Donald Trump.
According to TheFly, Wells Fargo analyst Joseph O'Dea upgraded the stock to ‘Overweight’ from ‘Equal Weight’ and raised the price target to $170 from $140.
Wall Street saw a strong preference for small and mid-cap equities, with the Russell 2000 index leading the market as investors bet on more domestic-friendly policies following Donald Trump's inauguration on Jan. 20 as the 47th U.S. president.
Analysts have decided to support this manufacturing stock's case for good, as it combines the industrial and energy upside for 2025, called for by Goldman.
