News

Medical technology company Intuitive Surgical (NASDAQ:ISRG) reported Q1 CY2025 results beating Wall Street’s revenue expectations, with sales up 19.2% year on year to $2.25 billion. Its non-GAAP profit of $1.81 per share was 4.4% above analysts’ consensus estimates.

(Reuters) -U.S. stocks rebounded on Tuesday as a spate of quarterly earnings reports and hints at the de-escalation of U.S.-China trade tensions brought buyers in from the sidelines. U.S. stocks jumped further in extended trade after President Donald Trump said he has no plans to fire Federal Reserve Chair Jerome Powell, stepping back from his recent rhetoric against the central bank chief. In a sign that traders expect Wall Street to rally on Wednesday, S&P 500 futures jumped almost 2% following Trump's comments, while and Amazon.com and Nvidia were last up 3% each and Apple climbed 2% in after-hours trading.

Supply chain optimization software maker Manhattan Associates (NASDAQ:MANH) announced better-than-expected revenue in Q1 CY2025, with sales up 3.2% year on year to $262.8 million. The company’s full-year revenue guidance of $1.07 billion at the midpoint came in 0.7% above analysts’ estimates. Its non-GAAP profit of $1.19 per share was 15.7% above analysts’ consensus estimates.

Enterprise workflow software provider Pegasystems (NASDAQ:PEGA) reported Q1 CY2025 results beating Wall Street’s revenue expectations, with sales up 44.1% year on year to $475.6 million. Its non-GAAP profit of $1.53 per share was significantly above analysts’ consensus estimates.

Electric vehicle pioneer Tesla (NASDAQ:TSLA) fell short of the market’s revenue expectations in Q1 CY2025, with sales falling 9.2% year on year to $19.34 billion. Its GAAP profit of $0.12 per share was 58.4% below analysts’ consensus estimates.

The provider of systems to run finance, sales, supply chain and other corporate functions on Tuesday reported an adjusted operating profit of 2.5 billion euros ($2.86 billion) for the first quarter, beating analysts' expectations for 2.22 billion. Analysts said the stock performance was due to improved results on the most important metrics - free cash flow, cloud order backlog and operating profit - and SAP maintaining its outlook for cloud revenues in a range of 21.6 billion euros ($24.60 billion) to 21.9 billion euros for this year. Finance chief Dominik Asam said the operating profit was "testament to our cost discipline".

The S&P 500 climbed 2.5% after a broad market selloff on Monday.