Online work marketplace Upwork (NASDAQ:UPWK) reported revenue ahead of Wall Street’s expectations in Q1 CY2025, but sales were flat year on year at $192.7 million. The company expects next quarter’s revenue to be around $186.5 million, close to analysts’ estimates. Its non-GAAP profit of $0.27 per share was in line with analysts’ consensus estimates.
Semiconductor designer Lattice Semiconductor (NASDAQ:LSCC) met Wall Street’s revenue expectations in Q1 CY2025, but sales fell by 14.7% year on year to $120.2 million. The company expects next quarter’s revenue to be around $123.5 million, close to analysts’ estimates. Its non-GAAP profit of $0.22 per share was in line with analysts’ consensus estimates.
Medical technology company Inspire Medical Systems (NYSE:INSP) announced better-than-expected revenue in Q1 CY2025, with sales up 22.7% year on year to $201.3 million. The company expects the full year’s revenue to be around $947.5 million, close to analysts’ estimates. Its GAAP profit of $0.10 per share was significantly above analysts’ consensus estimates.
Shares of healthcare services company Sotera Health (NASDAQ:)
jumped 5.9% in the pre-market session after Goldman Sachs analyst Matthew Sykes upgraded the stock from Neutral to Buy and raised the price target from $14 to $17. Sykes emphasized that SHC's consistent exposure to the commercial pharmaceutical and medical device sectors, both of which are considered essential and relatively insulated from economic cycles, positions the company as a more compelling investment amid growing macroeconomic uncertainty.
Shares of cloud communications infrastructure company Twilio (NYSE:TWLO)
jumped 5.6% in the afternoon session after HSBC upgraded the stock from Sell to Hold and raised the price target from $77 to $99. Following TWLO's Q1 2025 earnings, the firm highlighted "signs of revenue growth revival.".
Shares of analog chips maker onsemi (NASDAQ:ON)
fell 8% in the afternoon session after the company posted underwhelming results for the first quarter of 2025, with sales down 22% from the previous year. Each of its main business lines (power, analog, and sensing) saw big drops. Another concern was the big hit to profit margins due to write-downs on stock and factory assets.
Even though sales tumbled, the firm still beat earnings forecasts.
For next quarter, the company expects sales to stay flat (q/q) and margins to bounce back a little, though still far from last year's levels. All told, it was a weak quarter.
The yellow precious metal simply corrected to its 38.2% Fibonacci retracement. This is normal; those with gold in their retirement accounts have likely barely noticed any change.
May has been a profitable month for the US stock market in recent decades, with S&P 500 posting an average return of 0.6%. Top performers include Netflix, McKesson, Take-Two, Nvidia, and AMD.
