Shares of Alphabet Inc (NASDAQ:GOOG) plunged almost 7% afterhours as it posted a revenue miss for the fourth quarter and announced ambitious capital spending plans for 2025.
Revenue of $96.5 billion marked a 12% year-over-year increase but missed Street estimates of $96.7 billion.
Estee Lauder Companies Inc (NYSE:EL, ETR:ELAA) fell almost 17% after the cosmetics company issued a weak forecast for the fiscal third quarter and announced plans to reduce its headcount.
The company, whose brands include Too Faced, Mac Cosmetics, and Aveda, guided adjusted earnings per share (EPS) for the current quarter to be between $0.20 and $0.30, significantly below analysts' expectations of around $0.62.
Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF) announced that it expects to see strong sales growth in 2025 starting in January, building on its strong performance last year.
The company, a provider of augmented reality (AR) and artificial intelligence (AI) technologies, on Tuesday reported preliminary unaudited revenue of $3.1 million for 2024.
Century Lithium Corp. (TSX-V:LCE, OTCQX:CYDVF) announced that it has successfully implemented process enhancements at its Lithium Extraction Facility in Amargosa Valley, Nevada, marking a key milestone for its wholly owned Angel Island project near Silver Peak.
The company said these advancements, developed in collaboration with Amalgamated Research (ARi), have improved the efficiency of its Direct Lithium Extraction (DLE) system.
Merck & Co Inc (NYSE:MRK, ETR:6MK) shares fell more than 10% after the drugmaker issued weak guidance for 2025 and announced it would halt shipments of its HPV vaccine Gardasil to China until at least the middle of the year due to declining demand.
The company reported a 17% year-over-year decline in Gardasil sales to $1.55 billion for the fourth quarter.
Pfizer Inc (NYSE:PFE, ETR:PFE) posted stronger-than-expected financial results for the fourth quarter and reaffirmed its 2025 revenue guidance.
The company continues to expect between $61 billion and $64 billion in revenue this year, with sales from Covid products expected to be stable year-over-year.
Spotify Technology SA (NYSE:SPOT) shares were blasted to a new all-time high on Tuesday as the music and podcast streamer turned in better fourth-quarter revenue and 2025 guidance than expected.
The Sweden-headquartered group posted results showing quarterly revenue of €4.24 billion, up 16% compared to a year earlier and beating the average Wall Street estimate of €4.14 billion.
Shares in Infineon Technologies (ETR:IFX, OTC:INFNNY) surged 10% as the German semiconductor giant posted solid quarterly results amidst a weak automotive market, but raised its outlook for the year due to demand for artificial intelligence.
Revenue came to €3.4 billion in the first quarter of its financial year, which was down 13% from the preceding quarter and down 8% year-on-year.