In a dynamic after-hours trading session, several companies released their fourth-quarter earnings reports, sparking significant market reactions. Block, Celsius, Dropbox, and Rivian were among the key players unveiling their financial performance. Notably, Celsius Holdings experienced a remarkable 28% surge in extended trading after surpassing earnings and revenue expectations. Meanwhile, Rivian anticipated a challenging year ahead with fewer vehicle deliveries in 2025 compared to the previous year.
Block reported adjusted earnings of 71 cents per share on revenue totaling $6.03 billion for the fourth quarter. This performance aligns with market expectations and underscores the company's steady financial trajectory. In contrast, Celsius posted adjusted earnings of 14 cents per share on revenue of $332 million. Analysts had anticipated earnings of $36.03 per share on revenue of $5.18 billion, making Celsius's results a notable surprise that fueled its stock surge.
Dropbox also reported impressive figures, exceeding Wall Street's forecasts with adjusted earnings of $41.55 per share and revenue reaching $5.47 billion. This strong performance has been well-received by investors and analysts alike, signaling Dropbox's robust position in the competitive tech industry.
However, not all companies met investor expectations. Rivian reported an adjusted loss of 46 cents per share for the fourth quarter, reflecting ongoing challenges in the electric vehicle market. Although specific revenue figures were not disclosed, Rivian has indicated that it anticipates fewer deliveries in 2025 compared to last year.
Insulet's earnings report revealed a mixed outcome. While its non-GAAP gross margin of 83.1% aligned with analysts' expectations, the company missed projections for earnings of 87 cents per share on revenue of $6.29 billion. Despite this miss, Insulet is optimistic about future growth, forecasting first-quarter revenue growth between 22% and 25%.
Sprouts Farmers Market delivered a strong fourth-quarter performance, beating both earnings and revenue estimates. Nevertheless, its shares slipped by 2% in after-hours trading, possibly due to market volatility or profit-taking by investors.
Copart exceeded revenue estimates with $1.16 billion for the quarter, surpassing the forecasted $1.13 billion. This positive result reflects Copart's solid business operations and ability to outperform market expectations.
On a less positive note, Akamai Technologies provided guidance for first-quarter earnings and revenue that fell short of analyst projections. This announcement may weigh on investor sentiment as they reassess Akamai's growth prospects.