Energy drink company Celsius (NASDAQ:CELH) missed Wall Street’s revenue expectations in Q1 CY2025, with sales falling 7.4% year on year to $329.3 million. Its non-GAAP profit of $0.15 per share was 24.1% below analysts’ consensus estimates.
Online platform company Coupang (NYSE:CPNG) fell short of the market’s revenue expectations in Q1 CY2025, but sales rose 11.2% year on year to $7.91 billion. Its non-GAAP profit of $0.05 per share was in line with analysts’ consensus estimates.
Benchmark increased its price target to $180 from $160, and kept a ‘Buy’ rating on EA’s shares, citing that the primary driver for the stock remains the expected launch of Battlefield in a window free of Take-Two's GTA 6.
U.S. stocks traded mixed at midday Wednesday, as investors remained cautious ahead of the Federal Reserve’s upcoming policy decision, with Chair Jerome Powell set to speak at 2:30 p.m. ET.
Performance Food Group (NYSE:PFGC) posted Q3 FY25 revenue of $15.31B, up 10.5% YoY but missing the $15.40B estimate. Growth was fueled by acquisitions, including Cheney Bros, and higher case volumes. Adjusted EPS missed at $0.79 vs. $0.87 expected. Despite strong EBITDA growth of 20.1% to $385.1M, PFGC cut the top end of its FY25 sales outlook amid inflationary pressures and higher operating costs.
The economic outlook is not bad if decisions on tariffs are concluded this summer. That’s true even if the tariffs end up significantly above last year’s rates.
