24H | Axon Enterprise Surges 16%; CAVA Group Jumps 9%; Lucid Falls 4%; HP Drops 5%; First Solar Sinks 12%

Tiger Newspress
Yesterday

Taser-maker Axon Enterprise beat Wall Street estimates for fourth-quarter profit, driven by strong demand for its security devices and software products. Shares of the Arizona-based company were up 15.7% in overnight trading.

CAVA Group forecast annual same-store sales above Wall Street estimates, betting on resilient demand for its healthy Mediterranean bowls, even as higher commodity and tariff-related costs pressure its margins. Shares of the company were up 8.6% in overnight trading after Cava also posted a surprise rise in quarterly same-store sales.

MercadoLibre posted a 12.5% decline in quarterly profit, missing analysts' projections, as the e-commerce firm was hit by credit and logistics investments. Revenue, however, came in above estimates, helped by business in Brazil and Mexico. Shares of the Uruguay-headquartered firm fell 3.9% in overnight trading, after initially gaining as much as 7% following the results. The stock had risen 3% during the regular session ahead of the earnings release.

Lucid forecast 2026 production to grow at a slower pace than last year, and reported a larger-than-expected loss for the fourth quarter on Tuesday, as various supply-chain setbacks and tariffs disrupted manufacturing plans and exacerbated costs. The shares were down 4.4% in overnight trading.

Precision medicine technology company Tempus AI reported fourth-quarter results that exceeded analyst expectations, though shares fell 4.6% in overnight trading as the company’s 2026 revenue guidance failed to significantly surpass Wall Street estimates.

HP said it expected volatility in memory chips to persist even into next year and forecast a slump in its PC shipments, sending its shares down 5.5% in overnight trading.

Workday forecast fiscal 2027 subscription revenue below Wall Street estimates, signaling slower new client wins as corporations scrutinize large software purchases amid economic uncertainty. Shares of the enterprise software maker fell 9% in overnight trading.

First Solar, the largest U.S.-based solar panel maker, projected annual sales below Wall Street estimates, citing customer headwinds such as permitting delays under the Donald Trump administration, sending its shares down 12.4% in overnight trading.

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