🧑💻 Zoom Communications slumped by 8.48% today even though the video conferencing platform exceeded market expectations in the fourth quarter of 2024. The problem was a gloomy revenue forecast that came in lower than analysts wanted. All told, the stock has plummeted 86% since its all-time high on Oct. 19, 2020, amid the height of the pandemic. Back then, Zoom rooms were all the rage, but now, many more WFHers are trudging back to the office.
- EPS: $1.41, beating expectations of $1.30
- Revenue: $1.184 billion, edging out estimates of $1.179 billion
🔨 Home Depot jumped 2.80% after it beat Wall Street’s forecasts in Q4, announcing a recovery in same-store sales after backsliding for eight straight quarters. High home prices and interest rates have thrown a wrench in the home improvement chain’s business, and management expects more of the same ahead, with Q1 and full-year sales forecasts coming in lower than anticipated.
- EPS: $3.02, slightly higher than the expected $3.01
- Revenue: $39.70 billion, a slim win over the anticipated $39.16 billion
☕ Keurig Dr Pepper climbed 2.40% after the K-cup coffee and beverage company left analysts’ Q4 revenue expectations in the dust. US coffee sales sank 2.4%, but stronger US refreshment beverage sales, which includes Dr Pepper, Canada Dry, and Snapple, helped offset the decline, as did higher international sales. Even better: the company increased prices this year and sales volume still rose overall, a great sign for pricing power.—JD
- EPS: $0.58, a bit better than Wall Street’s estimate of $0.57
- Revenue: $4.07 billion, blazing past the market’s expected $4.01 billion
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