Klarna Stumbles After First Post-IPO Earnings
Buy-now-pay-later platform Klarna slid nearly 7% after reporting its first quarterly results since its September IPO, revealing an $83 million operating loss compared with a $13 million profit a year earlier. The results raise questions about its path to profitability as consumer spending remains uneven.
Crypto Proxy Strategy Rises on Bitcoin Recovery
Shares of Strategy jumped 8% as bitcoin bounced off multi-month lows. The move follows sharp pressure across the crypto complex last week, with traders now watching whether renewed market stability can hold.
Cloudflare Drops After Major Outage
Cloudflare fell more than 2% after an outage rippled across the internet, disrupting high-profile platforms including X and ChatGPT. The incident underscores growing resilience concerns as cloud and cybersecurity infrastructure faces heavier AI-driven traffic loads.
Cogent Communications Jumps on Buyback Restart
Cogent Communications rose 9% after reinstating its $100 million share repurchase program, signaling confidence from management despite a volatile year for internet access providers.
Fox Factory Gains on Insider Buying
Fox Factory climbed 5% after CEO Michael Dennison disclosed the purchase of 22,000 shares, a move often read as management conviction during a period of softer demand in outdoor and off-road markets.
J&J Snack Foods Pops on Earnings Beat
J&J Snack Foods rose 5% after posting stronger-than-expected quarterly earnings. The company also launched a major business transformation plan targeting $20 million in annualized operating income, signaling new efficiency initiatives heading into 2025.
Medtronic Rallies on Strong Medical-Tech Earnings
Medical device giant Medtronic added 6% after reporting better-than-expected quarterly results:
- EPS: $1.36 vs. $1.31 expected
- Revenue: $8.96B vs. $8.87B expected
Analysts flagged strength across cardiovascular and surgical innovation lines.
Energizer Holdings Plunges on Weak Outlook
Energizer cratered 18% after missing earnings expectations and issuing soft Q1 guidance. Management warned the upcoming quarter will be heavily impacted by temporary tariff costs, pressuring margins.
Ceva Drops on Share Offering
Ceva fell 11.5% after announcing a public offering of 3 million shares, with JPMorgan and UBS underwriting. The dilution weighed sharply on investor sentiment.
Helmerich & Payne Slips on Earnings Miss
Drilling contractor Helmerich & Payne fell 5% after reporting an adjusted loss of 1 cent per share — far below expectations for a 23-cent profit — though revenue came in ahead of analyst forecasts.
Home Depot Pulls Back on Soft Results
Home Depot dropped nearly 4% after missing Q3 earnings expectations and cutting its full-year outlook. EPS of $3.74 fell short of the expected $3.84 as homeowners continue to restrain big-ticket discretionary purchases.
Amer Sports Jumps on Earnings Beat
Sports equipment maker Amer Sports rose almost 8% after beating both earnings and revenue expectations, driven by strong performance across premium outdoor and performance brands.
James Hardie Rallies on Outlook Upgrade
Building materials provider James Hardie climbed 7% after reporting revenue of $1.29 billion, slightly ahead of forecasts, and raising full-year EBITDA guidance — signaling resilience in global housing and construction markets.
WSA Take
A volatile midday session reflected a broader market tug-of-war: cloud infrastructure concerns after the Cloudflare outage, growth pressure on consumer-facing platforms like Klarna, and renewed defensiveness in staples like Energizer. Meanwhile, strength in Medtronic and Amer Sports suggests pockets of dependable earnings support heading into year-end.
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