This news roundup highlights a range of corporate earnings reports across various sectors, showcasing a mix of positive and negative results. Amazon's first-quarter sales forecast disappointed analysts, while companies like Take-Two Interactive, Affirm, Pinterest, Expedia, and Fortinet exceeded expectations. Conversely, Bill Holdings and E.l.f Beauty issued less optimistic guidance, and while Monolithic Power Systems delivered strong performance, some companies like Bill Holdings faced stock declines.
Amazon projected first-quarter sales between $151 billion and $155.5 billion, falling short of analysts' expectations of $158.5 billion. Despite this, the company's fourth-quarter earnings and revenue exceeded consensus estimates. In other corporate news, Take-Two Interactive, the video game company, saw its stock jump nearly 7% despite reporting fiscal third-quarter revenue of $1.37 billion, slightly below analysts' projections of $1.39 billion.
The company anticipates current-quarter revenue between $1.48 billion and $1.58 billion, compared to the estimated $1.54 billion. Affirm reported $866 million in revenue, surpassing the anticipated $807 million, with gross merchandise volume expanding 35% year-over-year in the previous quarter. Pinterest also exceeded expectations, reporting revenue of $1.15 billion, slightly ahead of analyst estimates of $1.14 billion, and forecast revenue of $837 million to $852 million in the first quarter, exceeding the $833 million analysts sought. Expedia's stock surged 11% after its fourth-quarter results beat Wall Street expectations, posting adjusted earnings of $2.39 per share on revenue of $3.18 billion, compared to analysts' estimates of $2.04 per share on $3.07 billion in revenue. The company also reinstated its quarterly dividend at 40 cents per share. Conversely, Bill Holdings' shares plunged about 32% after the company issued disappointing fiscal third-quarter revenue guidance, projecting revenue between $352.5 million and $357.5 million, falling short of analysts' expectations of $360.4 million. However, the company's second-quarter earnings and revenue exceeded analysts' forecasts. Meanwhile, Fortinet's cybersecurity stock rallied 11% following better-than-expected fourth-quarter results and strong full-year guidance. The company anticipates full-year revenue between $6.65 billion and $6.85 billion, surpassing the $6.63 billion analyst estimate. E.l.f Beauty's fiscal third-quarter guidance fell short of consensus estimates, projecting sales ranging from $1.3 billion to $1.31 billion, below the $1.34 billion estimate. Adjusted earnings for the third quarter narrowly missed expectations, coming in at 74 cents per share versus analysts' forecast for 75 cents a share. Finally, Monolithic Power Systems' semiconductor stock soared 16% following robust fourth-quarter results, reporting adjusted earnings of $4.09 per share on revenue of $621.7 million, exceeding analysts' projections of $3.98 per share on $608.1 million in revenue. The company also announced a better-than-expected revenue forecast for the current quarter and a $500 million stock repurchase program, along with a nearly 25% increase in the quarterly dividend.
AMZN TAKE-TWO AFFIRM PINTEREST EXPEDIA BILLHOLDINGS FORTINET ELF BEAUTY MONOLITHIC POWERSYSTEMS EARNINGS REVENUE GUIDANCE STOCK PERFORMANCE
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