{"id":24617,"date":"2025-02-28T05:50:05","date_gmt":"2025-02-28T11:50:05","guid":{"rendered":"https:\/\/www.eoption.com\/morning-preview-february-28-2025\/"},"modified":"2025-02-28T05:50:05","modified_gmt":"2025-02-28T11:50:05","slug":"morning-preview-february-28-2025","status":"publish","type":"post","link":"https:\/\/www.eoption.com\/morning-preview-february-28-2025\/","title":{"rendered":"Morning Preview: February 28, 2025"},"content":{"rendered":"\n
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Early Look<\/span><\/b><\/p>\n

Friday, February 28, 2025<\/span><\/b><\/p>\n\n\n\n\n\n\n
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Futures<\/span><\/p>\n<\/td>\n

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Up\/Down<\/span><\/p>\n<\/td>\n

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%<\/span><\/p>\n<\/td>\n

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Last<\/span><\/p>\n<\/td>\n<\/tr>\n

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Dow<\/span><\/b><\/p>\n<\/td>\n

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139.00<\/span><\/p>\n<\/td>\n

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0.32%<\/span><\/p>\n<\/td>\n

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43,435<\/span><\/p>\n<\/td>\n<\/tr>\n

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S&P 500<\/span><\/b><\/p>\n<\/td>\n

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20.25<\/span><\/p>\n<\/td>\n

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0.34%<\/span><\/p>\n<\/td>\n

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5,896<\/span><\/p>\n<\/td>\n<\/tr>\n

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Nasdaq<\/span><\/b><\/p>\n<\/td>\n

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52.50<\/span><\/p>\n<\/td>\n

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0.26%<\/span><\/p>\n<\/td>\n

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20,658<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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U.S. stock futures are looking at a higher open right now, looking to pare previous day losses, but a key inflation data report at 8:30 am et could determine the direction of stocks the remainder of the day. Stocks tumbled on Thursday, ending at the lows, led by weakness in the tech-heavy Nasdaq Composite which fell -2.78% while the S&P 500 declined -1.58%, both falling for the 5th<\/sup> time in the last 6-days after President Trump said that 25% tariffs on Canada and Mexico would come into force from March 4, undermining hopes he might reverse course after a previous delay. He also said Chinese imports would face a further 10% levy, prompting officials in Beijing to promise “all necessary measures” in response. The focus on trade tensions led to a broad risk-off decline across markets on Friday, pushing down almost all Asian stock markets and fueling declines in European futures. Concerns about a slowing U.S. economy also outweighed optimism arising from an upbeat earnings outlook from AI<\/span> bellwether Nvidia, though shares reversed to the downside, below key technical levels, sending semis\/AI<\/span>\/data center\/power names lower as the SOX index fell -6%. With Nvidia out of the way, the focus shifts to the monthly Personal Consumption Expenditure data (PCE), the Federal Reserve’s preferred inflation measure, due out on Friday morning at 8:30 am et. In Asian markets, The Nikkei Index tumbles -1,100 points or 2.88% to 37,155, the Shanghai Index declined -67 points or nearly 2% to 3,320, and the Hang Seng Index plunged -776 points or 3.28% to 22,941. In Europe, the German DAX<\/span> is down -74 points to 22,476, while the FTSE 100 is up 26 points to 8,782.<\/span> Bitcoin prices are down -4.4% to $80,500 after hitting overnight lows around $78,000 (lowest since early November), now down 25% from its all-time highs less than 6-weeks ago of $109,241 on 1\/20. Overall, animal spirits are in retreat across global markets, with investors increasingly concerned about the economy and the threat of US<\/span> tariff and its potential impact on companies, inflation and sentiment.<\/span><\/p>\n

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Market Closing Prices Yesterday<\/p>\n

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  • The S&P 500 Index<\/span><\/b> <\/span>tumbled -94.49 points<\/span>, or 1.59%, to 5,861.57.<\/span><\/li>\n<\/ul>\n<\/div>\n
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    • The Dow Jones Industrial Average<\/span><\/b> <\/span>fell -193.62 points<\/span>, or 0.45%, to 43,239.50.<\/span><\/li>\n
    • The Nasdaq Composite <\/span><\/b>plunged<\/span>-530.84 points<\/span>, or 2.78%, to 18,544.42.<\/span><\/li>\n
    • The Russell 2000 Index<\/span><\/b> <\/span>declined -34.51 points<\/span>, or 1.59% to 2,139.66.<\/span><\/li>\n<\/ul>\n
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      Economic Calendar for Today<\/p>\n

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      • 8:30 AM<\/span> ET<\/span>                  Personal Income M\/M for January…est. +0.3%<\/li>\n<\/ul>\n<\/div>\n
          \n
        • 8:30 AM<\/span> ET<\/span>                  Personal Spending M\/M for January…prior +0.4%<\/li>\n
        • 8:30 AM<\/span> ET<\/span> PCE<\/span> Price Index M\/M for January…est. +0.3% (prior +0.3%)<\/li>\n
        • 8:30 AM<\/span> ET<\/span> PCE<\/span> Price Index Y\/Y for January…est. +2.5% (prior +2.6%)<\/li>\n
        • 8:30 AM<\/span> ET<\/span>                  Core PCE Price Index M\/M for January…est. +0.3% (prior +0.2%)<\/li>\n
        • 8:30 AM<\/span> ET<\/span>                  Core PCE Price Index Y\/Y for January…est. +2.6% (prior +2.8%)<\/li>\n
        • 8:30 AM<\/span> ET<\/span>                  Advance Goods Trade Balance for January<\/li>\n
        • 9:45 AM<\/span> ET<\/span>                  Chicago PMI for February…est. 40.6 (prior 39.5)<\/li>\n
        • 1:00 PM<\/span> ET<\/span>                   Baker Hughes Weekly rig count data<\/li>\n<\/ul>\n
          \n

          Earnings Calendar: <\/p>\n

            \n
          • Earnings Before the Open: AMR<\/span> AMRX<\/span> ANIP<\/span> APLS<\/span> BFLY<\/span> CLMT<\/span> FLGT<\/span> GLP<\/span> GTLS<\/span> NWN<\/span> OMI<\/span> PAR<\/span> WULF<\/span><\/li>\n<\/ul>\n<\/div>\n
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            Other Key Events: <\/p>\n

              \n
            • China NBS Manufacturing PMI for February<\/li>\n<\/ul>\n<\/div>\n
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              • China Caixin Manufacturing PMI for February<\/li>\n<\/ul>\n

                 <\/span><\/p>\n

                 <\/span><\/p>\n\n\n\n\n\n\n\n\n\n
                \n

                Macro<\/span><\/p>\n<\/td>\n

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                Up\/Down<\/span><\/p>\n<\/td>\n

                		\n

                Last<\/span><\/p>\n<\/td>\n<\/tr>\n

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                Nymex<\/span><\/b><\/p>\n<\/td>\n

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                -0.93<\/span><\/p>\n<\/td>\n

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                69.42<\/span><\/p>\n<\/td>\n<\/tr>\n

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                Brent<\/span><\/b><\/p>\n<\/td>\n

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                -1.01<\/span><\/p>\n<\/td>\n

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                73.03<\/span><\/p>\n<\/td>\n<\/tr>\n

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                Gold<\/span><\/b><\/p>\n<\/td>\n

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                -22.90<\/span><\/p>\n<\/td>\n

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                2,873.00<\/span><\/p>\n<\/td>\n<\/tr>\n

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                EUR\/USD<\/span><\/b><\/p>\n<\/td>\n

                		\n

                -0.0004<\/span><\/p>\n<\/td>\n

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                1.0391<\/span><\/p>\n<\/td>\n<\/tr>\n

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                JPY\/USD<\/span><\/b><\/p>\n<\/td>\n

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                0.62<\/span><\/p>\n<\/td>\n

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                150.44<\/span><\/p>\n<\/td>\n<\/tr>\n

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                10-Year Note<\/span><\/b><\/p>\n<\/td>\n

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                -0.029<\/span><\/p>\n<\/td>\n

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                4.258%<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

                 <\/span><\/p>\n

                \n

                Sector News Breakdown<\/p>\n

                Consumer<\/p>\n

                  \n
                • Monster Beverage (MNST<\/span>)<\/b> Q4 EPS $0.38 vs. est. $0.40; Q4 revs rose 4.7% y\/y to $1.81B vs. est. $1.8B; Q4 Gross Profit as a percentage of net sales improves to 55.5% on a Non-GAAP Adjusted Basis; Q4 operating Income Rose 7.9% to $517.9M on a Non-GAAP adjusted basis.<\/li>\n<\/ul>\n<\/div>\n
                    \n
                  • Tesla (TSLA<\/span>)<\/b> has applied for a permit typically associated with chauffeur-operated services, according to California regulators, marking the first phase of a series of regulatory approvals required for the electric car maker to eventually launch a promised robotaxi service.<\/li>\n<\/ul>\n
                    \n

                    Energy, <\/p>\n

                      \n
                    • ARRAY Technologies (ARRY<\/span>)<\/b> Q4 adj EPS $0.16 vs est. $0.17, adj EBITDA $45.2Mm vs est. $47.6Mm on revs $275.2Mm vs est. $268.5Mm, gr mgn 28.5%; guides Q1` revs $260-270Mm vs est. $292.17Mm and adj EBITDA mgn 11-13%; sees FY revs $1.05-1.15B vs est. $1.127B, adj EBITDA $180-200Mm vs est. $225.45Mm and adj EPS $0.60-0.70 vs est. $0.79.<\/li>\n<\/ul>\n<\/div>\n
                        \n
                      • Bloom Energy Corp. (BE<\/span>)<\/b> Q4 adj EPS $0.43 vs est. $0.30 on revs $572.4Mm vs est. $508.28Mm, gr mgn 38.3%, o p mgn 18.3%; guides FY revs $1.65-1.85B vs est. $1.671B, adj gr mgn approx 29% and adj op Inc $135-165Mm vs est. $126.44Mm.<\/li>\n
                      • EOG Resources (EOG<\/span>)<\/b> Q4 adj EPS $2.74 vs. est. $2.57; Q4 revs $5.59B vs. est. $5.95B; Q4 Oil and gas volumes, and total per-unit operating costs better than guidance midpoints; announced $6.2 billion 2025 capital plan to grow oil production 3% and total production 6%; EOG and Bapco Energies entered into a strategic agreement in Bahrain.<\/li>\n
                      • Sunrun (RUN<\/span>)<\/b> Q4 revenue $518.5M vs. est. $537.9M; said Storage Capacity Installed of 392 Megawatt hours in Q4, exceeding high-end of guidance range and representing 78% year-over-year growth, as storage attachment rates reach 62%; cash generation is expected to be in a range of $40M-$50M in 1Q25.<\/li>\n
                      • Talen Energy (TLN<\/span>)<\/b> full year adjusted EBITDA of $770 million and adjusted free cash flow of $283 million, exceeding the 2024 guidance midpoints; reaffirming 2025 guidance; 2026 outlook unchanged.<\/li>\n
                      • Tidewater Inc. (TDW<\/span>)<\/b> Q4 revs $345.1M vs. est. $340.1M and adj EBITDA $138.4M, in-line with ests; sees FY revenue $1.32B-$1.38B vs. est. $1.44B and gross margin 48% to 50%, vs. est. 50.1%.<\/li>\n<\/ul>\n
                        \n

                        Financials<\/p>\n

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                        • CubeSmart (CUBE<\/span>)<\/b> Q4 AFFO\/share $0.68 vs est. $0.68, adj EPS $0.45 vs est. $0.46 on sales $231.4Mm vs est. $266.395Mm; guides FY<\/span> AFFO<\/span>\/shr $2.50-2.59 vs est. $2.68 and EPS $1.40-1.49 vs est. $1.76.<\/li>\n<\/ul>\n<\/div>\n
                            \n
                          • Green Dot Corp. (GDOT<\/span>)<\/b> Q4 EPS $0.40 vs. est. $0.35; Q4 revs $455.02M vs. est. $421.85M; sees FY25 EPS $1.05-$1.20 vs. consensus $1.50 and sees FY25 adjusted EBITDA $145M-$155M; said 2025 guidance expects embedded finance including BaaS and money movement to drive 2025 growth.<\/li>\n
                          • Redfin Corp. (RDFN<\/span>)<\/b> Q4 EPS loss (-$0.29) vs. est. loss (-$0.23); Q4 revs rose 12% y\/y to $244.3M vs. est. $242.5M; sees Q1 revenue $214M-$225M, below consensus $242.8M and sees Q1 total net loss is expected to be between ($94M-$83M); Q4 adj Adjusted EBITDA was $2.9M.<\/li>\n
                          • Rocket Companies (RKT<\/span>)<\/b> Q4 adj EPS $0.04 vs. est. $0.03; Q4 total revs $1.76B and adj revs of $1.2B, the high end of guidance; guides Q1 revs $1.17B-$1.325B.<\/li>\n<\/ul>\n
                            \n

                            Healthcare<\/p>\n

                              \n
                            • Acadia Healthcare (ACHC<\/span>)<\/b> Q4 adj EPS $0.64 vs est. $0.71, adj EBITDA$153.1Mm vs est. $171.4Mm on revs $774.238Mm vs est. $779Mm; guides FY revs $3.3-3.4B vs est. $3.441B, adj EBITDA $675-725Mm vs est. $747.92Mm and adj EPS $2.50-2.80 vs est. $3.35.<\/li>\n<\/ul>\n<\/div>\n
                                \n
                              • Iovance Biotherapeutics (IOVA<\/span>)<\/b> Q4 EPS loss (-$0.26) vs. est. loss (-$0.27); Q4 revs $73.69M vs. est. $72.17M; reaffirming Fy25 total product revenue guidance of $450M-$475M; Demand for Amtagvi continues with total product revenue of $73.7M in 4Q24 and $164.1M in FY24.<\/li>\n
                              • Natera Inc. (NTRA<\/span>)<\/b> Q4 EPS ($0.41) vs est. ($0.42) on sales $476.1Mm vs est. $428.55Mm; guides FY revs $1.87-1.95B vs est. $1.819B, gr mgn approx 60-64%.<\/li>\n
                              • Pacira BioSciences (PCRX<\/span>)<\/b> Q4 EPS $0.96 vs. est. $0.83; Q4 revs $187.3M vs. est. $185.38M; sees FY25 revenue $725M-765M vs. est. $747.55M and sees FY25 non-GAAP gross margin of 76%-78%, FY25 non-GAAP<\/span> R<\/span>&D expense of $90M-$105M, and FY25 non-GAAP<\/span> SG<\/span>&A expense of $290M-$320M.<\/li>\n
                              • Progyny Inc. (PGNY<\/span>)<\/b> Q4 adj EPS $0.42 vs est. $0.10, adj EBITDA $47.514Mm vs est. $41.8Mm on revs $298.4Mm vs est. $276.685Mm; guides Q1 revs $300-318Mm vs est. $280.25Mm, adj EBITDA $53-57Mm vs est. $47.15Mm and adj EPS $0.44-0.47 vs est. $0.15; sees FY revs $1.175-1.225B vs est. $1.159B, adj EBITDA $188-201Mm vs est. $191.6Mm and adj EPS $1.52-1.62 vs est. $0.60.<\/li>\n
                              • RadNet Inc. (RDNT<\/span>)<\/b> Q4 adj EPS $0.22 vs est. $0.20, adj EBITDA $75Mm vs est. $74.75Mm on revs $477.1Mm vs est. $461.79Mm; guides FY revs $1.825-1.875B vs est. $1.979B, adj EBITDA $265-273Mm vs est. $309.28Mm and FCF $70-80Mm.<\/li>\n
                              • Solventum Corp (SOLV<\/span>)<\/b> Q4 adj EPS $1.41 vs est. $1.32 on revs $2.074B vs est. $2.05B; guides FY adj EPS $5.45-5.65 vs est. $5.49.<\/li>\n
                              • TransMedics Group (TMDX<\/span>)<\/b> Q4 EPS $0.19 vs est. $0.16 on revs $121.6Mm vs est. $110.29Mm, gr mgn 59%; guides FY revs $530-552Mm vs est. $528.64Mm.<\/li>\n<\/ul>\n
                                \n

                                Industrials and Materials<\/p>\n

                                  \n
                                • Boeing (BA<\/span>),<\/b> Safran ask suppliers to evaluate the impact of blaze at Pennsylvania plane parts factory, Reuters reported noting Safran notes it is assessing the situation and seeking alternative sources after SPS technologies factory fire. GE Aerospace (GE<\/span>)<\/b> notes it is taking proactive steps to minimize disruption and ensure continued delivery to customers after fire.<\/li>\n<\/ul>\n<\/div>\n
                                    \n
                                  • Archer Aviation (ACHR<\/span>)<\/b> Q4 adj Ebitda $-94.8M while operating expense rose 16% y\/y to $124.2M; posted net loss $198.1M, +82% y\/y; guides Q1 adj Ebitda loss of (-$95M-$110M).<\/li>\n
                                  • MasTec Inc. (MTZ<\/span>)<\/b> Q4 EPS $1.44 vs. est. $1.26; Q4 revs rose 3.8% y\/y to $3.4B vs. est. $3.32B; guides Q1 EPS $0.34 vs. est. $0.39; l 2025 Guidance Including Revenue of $13.45B, a 9% Increase Over 2024, GAAP Net Income of $327M to $366M, Adjusted EBITDA of $1.10B to $1.15B.<\/li>\n
                                  • Mosaic (MOS<\/span>)<\/b> Q4 adj EPS $0.45 vs. est. $0.57; Q4 revs $2.8B vs. est. $2.92B; said Q4 missed Wall Street profit expectations, hurt by lower potash prices and sales; Q4 net sales volume in its potash segment was at 2.2M tonnes, down about 15% y\/y, while average sales price fell 18% to $199 per tonne; Q4 potash segment was down 25% y\/y at $600M, while adjusted core profit for the segment was down 24% at $95M.<\/li>\n
                                  • Rocket Lab USA (RKLB<\/span>)<\/b> Q4 adj EBITDA ($23.194)Mm vs est. ($29.11)Mm on revs $84Mm vs est. $130.6Mm; guides Q1 revs $117-123Mm vs est. $135.67Mm, adj gr mgn 30-32%, adj EBITDA ($35)Mm-($33)Mm vs est. ($27.8)Mm.<\/li>\n<\/ul>\n
                                    \n

                                    Technology, Media & Telecom<\/p>\n

                                      \n
                                    • Autodesk Inc. (ADSK<\/span>)<\/b> Q4 adj EPS $2.29 vs est. $2.14 on revs $1.6B vs est. $1.632B, adj EBIT mgn 37%; guides Q1 revs $1.6-1.61B vs est. $1.598B, adj EPS $2.14-2.17 vs est. $2.08; sees FY revs $6.895-6.965B vs est. $6.902B, adj op mgn 36-37% and adj EPS $9.34-9.67 vs est. $9.24.<\/li>\n<\/ul>\n<\/div>\n
                                        \n
                                      • Dell Inc. (DELL<\/span>)<\/b> Q4 adjusted EPS $2.68 vs. est. $2.52; Q4 revs $23.9B vs. est. $24.57M; sees Q1 adj EPS $1.65 vs. est. $1.83B and revs $22.5B-$23.5B vs. est. $23.72B; guides FY26 midpoint in-line with consensus; raises annual dividend to $2.10, up 18% and announces $10B stock buyback plan.<\/li>\n
                                      • DoubleVerify (DV<\/span>)<\/b> Q4 adj EBITDA $73.8Mm vs est. $76.48Mm on revs $190.6Mm vs est. $196.9Mm; guides Q1 revs $151-155Mm vs est. $157.5Mm and FY revs about +10% vs est. +12.59%.<\/li>\n
                                      • Duolingo Inc. (DUOL<\/span>)<\/b> Q4 EPS $0.28 vs est. $0.48on revs $209.6Mm vs est. $205.4Mm, paid subs 9.5Mm, DAU 40.5Mm, MAU 1167Mm; guides Q1 revs $220.5-223.5Mm vs est. $221.07Mm and FY revs $962.5-978.5Mm vs est. $965.88Mm.<\/li>\n
                                      • Elastic N.V. (ESTC<\/span>)<\/b> shares jumped on results; Q3 adj EPS $0.63 vs est. $0.47, adj op Inc $64Mm vs est. $55.4Mm on revs $3825Mm vs est. $368.7Mm; sees Q4 revs $379-3814Mm vs est. $374.2Mm, adj op mgn approx 13.5% and adj EPS $0.36-0.37 vs est. $0.31.<\/li>\n
                                      • HP Inc. (HPQ<\/span>)<\/b> Q1 adj EPS $0.74, in-line with consensus and revs $13.5B vs. est. $13.364B; beat driven by strength in its personal systems segment and growing demand for artificial intelligence-capable systems; Personal Systems segment revs, home to its desktop and notebook PCs, rose 5% to $9.2B and commercial PS net revenue grew 10%; guides Q2 EPS $0.75-$0.85 (est. $0.86) and year EPS $3.45-$3.75 (est. $3.59).<\/li>\n
                                      • iHeartMedia (IHRT<\/span>)<\/b> Q4 adj EBITDA $246Mm vs est. $291.3Mm on revs $1.118B vs est. $1.166B; guides Q1 adj EBITDA $100-110Mm vs est. $120.25Mm.<\/li>\n
                                      • NetApp Inc. (NTAP<\/span>)<\/b> Q3 EPS $1.91, in-line with consensus $1.91 and revs $1.64B vs. est. $1.7B; guides Q4 EPS and revs below midpoint for Q4 and sees FY25 EPS $7.17-$7.27 vs. est. $7.33 and sees FY25 revenue $6.49B-$6.64B below consensus $6.67B.<\/li>\n
                                      • SoundHound AI (SOUN<\/span>)<\/b> Q4 adj EPS ($0.05) vs est. ($0.10) on revs $34.5Mm vs est. $33.69Mm; guides FY revs $157-177Mm vs est. $165.26Mm.<\/li>\n<\/ul>\n<\/div>\n

                                        <\/p>\n