Today’s Top Performers
Top stock gainers
After returning to profitability in Q4 for the first time in three years, Coinbase Global (NASDAQ:COIN) stock rose 14%. Stablecoin reserves earned more interest during a crypto bull market. The business expects Q1 subscription and services revenue of $410M–$480M, beating the consensus of $373.1M. It expects sales and marketing costs to drop to $85M-$100M.
Applied Materials (NASDAQ:AMAT) shares rose 12% after announcing higher FQ1 results and a positive outlook. The semiconductor equipment producer predicts adjusted EPS between $1.79 and $2.15, vs. $1.80, and revenue between $6.1B and $6.9B, vs. $6.34B.
The Trade Desk (NASDAQ:TTD) shares rose over 19% after mixed Q4 earnings as the business issued positive 2024 forecast. The Trade Desk anticipates $478M in revenue, exceeding analyst expectation of $452.3M. The company expects $130M adjusted EBITDA.
Top stock losses
Roku’s (NASDAQ:ROKU) shares fell 15% after reporting a loss in Q4 despite exceeding expectations. The company faced fierce competition from well-funded rivals and declining video streaming spending.
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Today’s Top Performers Today’s Top Performers