Polycab India reported a 10.9% rise in net profit to Rs 458 crore and a 20.4% surge in revenue to Rs 5,226 crore in Q3 FY25. Despite the strong results, the company’s stock price dipped over 8%. EBITDA also saw improvement, growing 26.6% to Rs 720 crore.
Western Digital’s stock saw fluctuations following its Q4 results and the announcement of its CFO’s retirement. Revenue is expected to meet the midpoint of guidance, while EPS will be at the low end, due to a more challenging NAND pricing environment. Analysts offer mixed opinions, with some maintaining positive ratings while others express caution. The company’s planned NAND asset separation is proceeding as scheduled.
Goldman Sachs awarded its CEO and President $80 million each in restricted stock units (RSUs) to retain top talent and ensure leadership continuity. The RSUs vest in 2030 and are tied to performance and risk management. This comes after Goldman Sachs reported strong Q4 and full-year 2024 results, exceeding revenue expectations.
BNY Mellon exceeded Q4 2024 earnings expectations, reporting adjusted EPS of $1.72, surpassing estimates and showing a 33% YoY increase. Analysts from Goldman Sachs, Keefe, Bruyette & Woods, and Truist Securities have maintained positive ratings and increased price targets, citing strong growth prospects and improved deposit behavior. While the stock is trading slightly lower, the overall outlook remains bullish.
Stellantis reported a 9% year-over-year decline in global shipments for Q4 2024, reaching 1.395 million units. This improvement from the previous quarter is credited to inventory adjustments and new product launches. Strong demand for next-generation models and a 5% increase in “Third Engine” shipments provide optimism despite regional challenges.
Citigroup’s Q4 2024 earnings exceeded expectations, with revenue up 12% year-over-year to $19.58 billion. Strong performance across key segments like services, markets, and banking drove the growth. The company announced a new $20 billion share buyback program, reflecting confidence in future prospects. The stock price saw a premarket surge of 4.59%.
IAMGOLD reported a 43% increase in gold production in 2024, reaching 667,000 ounces, exceeding revised guidance. Strong performance at Essakane, Westwood, and Côté Gold mines drove the results. Côté Gold’s rapid ramp-up is expected to significantly boost production in 2025, positioning IAMGOLD for substantial future growth.
BlackRock reported exceptional fourth-quarter earnings, exceeding expectations with a 23% year-over-year revenue increase to $5.68 billion. AUM hit a record $11.6 trillion, driven by strong net inflows and strategic acquisitions. The company’s adjusted EPS rose 23% to $11.93, and its stock price surged on the positive news.
Velan Inc. reported strong Q3 2024 results with 18% sales growth, driven by increased shipments to the oil and gas, and petrochemical sectors. Despite significant restructuring costs, the company announced the divestment of asbestos liabilities and the sale of its French subsidiaries, strengthening its financial outlook. Adjusted net income and EBITDA also improved significantly. Velan anticipates sales growth in fiscal 2025, boosted by prospects in the nuclear energy market.
Applied Digital Corp. exceeded Q2 expectations, reporting $63.9 million in revenue, a 51% year-over-year increase driven by strong growth in cloud services (523% YoY). The company is expanding its data center capacity and is in advanced talks with major hyperscalers. Its stock price rose after-hours.
