Ahead of earnings, several brokerages upped their price targets for Credo, highlighting that the growing demand for artificial intelligence (AI) applications bodes well for the company.
Intrepid Potash reported a loss of $0.11 per share, significantly higher than an estimated loss of $0.04 per share. The company posted a loss of $0.41 per share during the same period from a year earlier.
Its quarterly net revenue was $100.9 million compared with $73.2 million a year earlier. Wall Street expected the company to report $95.27 million in revenue.
Chairman and CEO Boris Jordan pointed to the company's strengthened cash position, with $107 million in cash at year-end, and operating and free cash flow of $163 million and $70 million.
If Okta manages to hold on to its after-market gains when the markets open on Tuesday, it would be a nine-month high for the San Francisco-based identity solutions provider.
Analysts suggested that Tesla's 2025 deliveries could decline annually but saw this as an "attractive entry point" into their "preferred embodied AI name."
The company’s net income rose to $5.8 million, or $0.25 per share, for the three months ended Dec. 31, compared with $2.1 million, or $0.09 per share, last year.
