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Wall Street Breakfast

Rocketlab drops, SoundHound climbs in premarket trading

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8950 Ratings

🗓️ 28 February 2025

⏱️ 5 minutes

🧾️ Download transcript

Summary

Biggest stock movers Friday: HPQ, SOUN, and more. (00:27) Edison (EIX) says confident in California wildfire fund that may shield it from claims. (01:05) TikTok (BDNCE) to park $8.8B for data centers in Thailand - report. (01:51)

Episode transcripts seekingalpha.com/wsb.

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Transcript

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0:00.0

Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

0:08.1

Good morning. Today is Friday, February 28th. I'm Julie Morgan. Rocket Lab and Soundhound are on the biggest movers list ahead of the opening bell.

0:18.7

Edison leans in on California's Wildfire Fund,

0:22.4

and Bight Dance is planning a multi-billion dollar investment in Thailand.

0:27.7

Rocket Lab USA is down 11% in pre-market action.

0:32.2

Shares plunged on a soft outlook despite a record-setting year,

0:36.1

with annual revenue reaching $436.2 million, up 78% year

0:41.7

over year, and a record Q4 revenue of 132.4 million, up 121% year over year. The company expects

0:50.4

Q1 2025 revenue between 117 and 123 million, below the 135.67 million consensus,

1:00.2

and an adjusted EBAA loss between 33 and 35 million.

1:05.6

Soundound is up 7% pre-market.

1:08.9

Share surged after Q4 results beat estimates with revenue rising 101% year-over-year.

1:16.1

Strong year-end performance propelled the company to the top end of its revenue guidance range,

1:21.3

driven by momentum and voice-enabled agentic AI. Sounddown ended the year with nearly $200 million in cash and no debt.

1:30.3

The company raised its full year 2025 revenue outlook to a range of 157 to 177 million,

1:38.3

up from the prior range of 155 to 175 million. You can check out the full list of the biggest stock movers on this final day of

1:47.5

February. The link is in show notes. Edison International is counting on California's wildfire fund

1:55.2

if the company's equipment is found to have caused last month's deadly eaten fire near Los Angeles. The Southern California

2:02.9

Edison Utility faces a rising number of lawsuits claiming its power lines caused last month's fire.

2:09.8

But according to Reuters, the CEO said on Thursday on the company's earnings call that they

2:15.3

have confidence in the California Wildfire Fund. The fund allows

2:19.2

the state's utilities to recover some wildfire related claims payments. It has $21 billion and has

...

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