14 Mins Ago
First Solar stock jumps after earnings beat
First Solar‘s stock popped nearly 5% in extended trading after the company beat Wall Street’s earnings expectations.
The solar panel manufacturer booked net income of $349.2 million for the fourth quarter, an increase of 30% compared to the year-ago period.
First Solar posted a profit of $3.25 per share, beating Wall Street’s expectations of $3.13 per share. The company generated revenue of $1.16 billion for the quarter, missing Street expectations of $1.31 billion.
First Solar expects net sales of $4.4 billion to $4.6 billion in 2024 and adjusted earnings of $13 to $14 per share this year, which is largely in line with expectations.
— Spencer Kimball
15 Mins Ago
Stock futures are little changed
Stock futures were little changed on Tuesday, with investors turning their attention to fresh inflation data later this week.
Futures tied to the Dow Jones Industrial Average slipped 32 points, or 0.08%. S&P 500 Futures hovered near the flatline, while Nasdaq 100 futures fell 0.04%.
— Brian Evans
This article was originally published by a www.cnbc.com . Read the Original article here. .