News

Online reputation and search platform Yext (NYSE:YEXT) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 11.9% year on year to $113.1 million. Its non-GAAP profit of $0.12 per share was 9.4% below analysts’ consensus estimates.

Healthcare software provider Veeva Systems (NASDAQ:VEEV) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 14.3% year on year to $720.9 million. The company expects next quarter’s revenue to be around $727.5 million, close to analysts’ estimates. Its non-GAAP profit of $1.74 per share was 10.1% above analysts’ consensus estimates.

Bedding manufacturer and retailer Sleep Number (NASDAQ:SNBR) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 12.3% year on year to $376.8 million. Its GAAP loss of $0.21 per share was 10.6% above analysts’ consensus estimates.

Custom-engineered solutions manufacturer Methode Electronics (NYSE:MEI) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 7.6% year on year to $239.9 million. Next quarter’s revenue guidance of $247.5 million underwhelmed, coming in 15.4% below analysts’ estimates. Its non-GAAP loss of $0.21 per share was significantly below analysts’ consensus estimates.

Cloud security platform Zscaler (NASDAQ:ZS) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 23.4% year on year to $647.9 million. The company expects next quarter’s revenue to be around $666 million, close to analysts’ estimates. Its non-GAAP profit of $0.78 per share was 12.7% above analysts’ consensus estimates.

Database software company MongoDB (MDB) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 19.7% year on year to $548.4 million. The company expects next quarter’s revenue to be around $526.5 million, close to analysts’ estimates. Its non-GAAP profit of $1.28 per share was 91.1% above analysts’ consensus estimates.

Palantir shares surged Wednesday as William Blair analysts suggested the company’s software could be well positioned to support Department of Government Efficiency efforts to trim spending.