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J. Edward Moreno2/27/25

Cronos Group rises after cheery earnings report

Canadian cannabis operator Cronos Group rose in early trading after it reported growing sales and improved profitability.

The company reported earnings per share of $0.11, compared to the loss per share of $0.18 it reported in the same period last year. Cronos Group also booked revenue of $117.6 million for 2024 as a whole, up 35% from 2023. The company attributed the growth to higher sales in Canada and Israel.

Cronos stock ticked up more than 3% in early trading. The company is down more than 16% in the past year, which is still better than some of its competitors like Tilray and Canopy Growth, as Canadian cannabis companies have struggled to find growth domestically or new markets to enter.

Cronos Group Reports 2024 Fourth Quarter and Full-Year Results | The Cronos Group

Cronos Group Reports 2024 Fourth Quarter and Full-Year Results | The Cronos Group

Cronos stock ticked up more than 3% in early trading. The company is down more than 16% in the past year, which is still better than some of its competitors like Tilray and Canopy Growth, as Canadian cannabis companies have struggled to find growth domestically or new markets to enter.

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DoorDash dives after earnings miss

DoorDash fell after it reported earnings results that missed Wall Street estimates.

The company reported earnings per share of $0.55, less than the $0.68 analysts polled by FactSet were expecting. It also reported a gross order value — a key metric that measures the total amount spent on the platform — of $25 billion, more than the $24.5 billion the Street was expecting.

DoorDash's report comes as some of the companies that sell meals delivered through its platform have reported gloomy quarters. Bowl-based restaurants like Chipotle and Cava have been hit particularly hard, which they attribute to cash-strapped younger consumers.

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IonQ posts huge sales beat in Q3

IonQ posted a monster top-line beat in the third quarter, along with a smaller loss than analysts had feared.

The results:

Revenue: $39.9 million (estimate: $27 million, guidance for $27 million)
Adjusted earnings per share: -$0.17 (estimate: -$0.31)

Management boosted its full-year revenue outlook to a range of $106 million to $110 million (previously $82 million to $100 million).

The prospect of government support has been a major catalyst for the quantum space in recent months, including the US government deeming the technology an R&D priority, which was followed by a report that the Trump administration was in talks to accumulate equity stakes in IonQ and its peers. That report, however, was quickly contradicted by separate reports.

Over the course of Q3, IonQ signed an agreement with the Department of Energy to advance the development and deployment of quantum technology in space, and also announced plans to acquire quantum sensor company Vector Atomic. It carried some of this momentum through early in Q4, claiming a “quantum computing world record” for the accuracy of its two-qubit gate model.

Shares of the trapped ion pure-play quantum computing company peaked at nearly $85 in mid-October, but slumped into the mid-$50s ahead of this report as part of a broad pullback across many speculative pockets of the market.

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Qualcomm beats on Q4 sales and earnings; Q1 revenue guidance well ahead of estimates

Qualcomm reported a beat on the top and bottom lines in its fiscal fourth quarter, along with a bright outlook for the start of its next fiscal year

Here are the Q4 results:

Revenues: $11.27 billion (estimate: 10.77 billion, guidance for about $10.7 billion)
Adjusted earnings per share: $3 (estimate: $2.88, guidance for about $2.85)

Its guidance for the current quarter (fiscal Q1 2026) was stellar:

Revenues: $12.2 billion (estimate: $11.59 billion)
Adjusted earnings per share: $3.40 (estimate: $3.26)

Shares soared today ahead of the release, outperforming peers in a broad-based rebound for semiconductor stocks. Qualcomm has declined in the session following each of its past five earnings reports.

Qualcomm is readying itself for a bigger push in the AI market, having recently announced new chips for data centers expected to be available in 2026 and 2027, with Saudi Arabia’s HUMAIN as the first big buyer.

The chips that go in smartphones are still Qualcomm’s biggest business, but gauging potential demand for these upcoming chips will also be in focus during the company’s earnings call with analysts.

Luke Kawa, Toby Bochan

Markets rally as SCOTUS looks likely to weigh against tariffs and hope rises for end to US government shutdown

Markets bounced back from a rough Tuesday to finish higher on Wednesday

Cowboy

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Qualcomm surges ahead of earnings

Qualcomm has more than erased Tuesday’s losses with a gain of more than 5% through 2:11 p.m. ET, with the company slated to released quarterly results in just a couple hours.

The same can’t be said for the semi space at large: while theVanEck Semiconductor ETF is putting in a solid rally, the ETF is still in the red over the past two sessions.

Call demand is a touch elevated: 72,229 contracts have changed hands already today, versus a 20-day average of just short of 73,000 for a full session.

Analysts are expecting the chip designer to deliver adjusted earnings per share of $2.88 on adjusted revenues of $10.77 billion for its fiscal fourth quarter.

The last five times it’s reported quarterly results, Qualcomm has declined in the following session.

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