24H|Boeing and Intuitive Surgical Drop 2%; Twilio Surges 15%; Starbox Soars 122%

Tiger Newspress
24 Jan

Tesla launched a revamped version of its Model Y car in the United States on Thursday, with a starting price of $59,990. The shares rose 0.7% in overnight trading.

Cloud communications software maker Twilio on Thursday issued a hopeful profit forecast for the next few years. The shares surged 15.1% in overnight trading.

Boeing’s loss will exceed expectations when it unveils fourth-quarter results next week, the financially strapped U.S. planemaker said on Thursday, citing charges at its defense unit, lower jetliner deliveries and losses from a crippling strike. The shares dropped 1.8% in overnight trading.

Texas Instruments reported fourth-quarter profits that topped analysts' estimates, but its earnings outlook fell short of expectations, sending shares down 4.6% in overnight trading.

Intuitive Surgical stock fell 2.1% in overnight trading despite beating profit expectations following a strong sales preannouncement that sent shares on a five-day sprint. The robotic surgery titan kept the outlook it issued on Jan. 15 for 13% to 16% procedure growth in 2025, which lags 17% growth in 2024. But the company is known for being conservative in its guidance.

The transportation giant CSX Corp saw shares falling 4.4% in overnight trading after the company reported a revenue miss. CSX reported revenue of $3.54 billion in the latest quarter, lower than the $3.58 billion expected by analysts polled by LESG.

Starbox through its subsidiary Irace Technology Limited, entered into a software purchase agreement with Aurelius Group Limited on Thursday. This agreement involved acquiring a cutting-edge 3D rendering system module for $16 million, paid in 10 million Class A ordinary shares. The shares soared 121.5% in overnight trading.

Allurion Technologies shares soared 83.2% in overnight trading following news the company would initiate a clinical study on the combination of certain weight-loss drugs and its Allurion program with the goal of improving muscle mass.

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