DoD tests AI models that make it easy to switch from vendors like Palantir
After-hours movers:
Zoom (NASDAQ:ZM) fell 2% after guidance missed estimates. Zoom sees Q1 2026 revenue of $1.162-1.167 billion, versus the consensus of $1.175 billion.
Hims & Hers Health (HIMS) fell 16% despite results that showed strong growth, after EPS missed estimates and management said they will pull commercial doses of its copycat of Ozempic. Revenue guidance topped views.
Tempus AI (TEM) fell 9% despite year-over-year revenue growth of 35.8%. Tempus now expects full year 2025 revenue of approximately $1.24 billion for the consolidated Tempus and Ambry Genetics business, which represents approximately 79% annual growth, and Adjusted EBITDA of $5 million for full year 2025, an improvement of approximately $110 million over 2024.
Topgolf Callaway Brands (MODG) rose 3% after it reported a narrow loss per share in the fourth quarter, despite guidance that missed consensus. Shares initially dropped 9% but quickly recovered.
EverQuote (NASDAQ:EVER) rose 28% after beating estimates on the top and bottom line.
Trex (TREX) rose 3% after better than expected revenue and EPS. Fourth quarter 2024 net sales were $168 million, a decrease of 14.4% compared to $196 million reported in the prior-year quarter, impacted by a reduction in channel inventory of approximately $45 million. Gross profit was $55 million and gross margin was 32.7%.
Cleveland-Cliffs (NYSE:CLF) fell 2.5% after it reported results that trailed estimates. Fourth-quarter 2024 consolidated revenues were $4.3 billion, compared to prior-year fourth-quarter consolidated revenues of $5.1 billion.