Business

The Bureau of Labor Statistics revised its estimate of job creation in the past year to 598,000 fewer than previously reported. The final nonfarm payrolls benchmark revision was less than the 818,000 reduction estimated in August. Economists had expected the level of employment over the 12-month period to be reduced by about 668,000 jobs following updates to the Quarterly Census of Employment and Wages data.

Published on: February 07, 2025, 02:00 PM UTC

Graham Corporation (NYSE:GHM) reports Q4 FY2024 sales of $47.04 million, below estimates, but up 7.3% YoY. EPS of $0.14 beats consensus by 40%. Despite revenue guidance slightly missing estimates, analysts forecast 12.6% growth over the next 12 months. Read our full report for insights on GHM's growth potential.

Published on: February 07, 2025, 01:06 PM UTC

Plains GP Holdings LP (PAGP) reports a $11 million loss in the fourth quarter, with revenue of $12.4 billion. For the year, the company reports profit of $103 million and revenue of $50.07 billion.

Published on: February 07, 2025, 01:05 PM UTC

Fortive Corp. (FTV) beats Q4 earnings estimates: reported EPS of $1.17, revenue of $1.62B; view Zacks' report: https://www.zacks.com/ap/FTV

Published on: February 07, 2025, 01:05 PM UTC

Expedia Group reports better-than-expected gross bookings for Q4 2024, indicating strong travel demand during the holiday season.

Published on: February 07, 2025, 01:05 PM UTC

Rapyd Financial Network, a digital platform for cross-border financial transactions, is seeking to raise $300 million at a $3.5 billion valuation, down from its 2021 valuation of $9 billion. The company intends to use the funding to acquire a payment processing startup, part of its aggressive acquisition strategy.

Published on: February 07, 2025, 01:04 PM UTC

Skyworks Solutions (SWKS) stock plunged 25% after Apple shifted some orders to Broadcom (AVGO), reducing demand for Skyworks' iPhone chips.

Published on: February 07, 2025, 01:03 PM UTC

Google is backing away from diversity hiring targets, joining Meta in reversing course on certain corporate diversity initiatives. Amidst intensifying scrutiny of DEI goals, many companies are withdrawing from such policies due to legal and political pressure.

Published on: February 07, 2025, 01:03 PM UTC

Amazon Q4 earnings beat estimates, but Q1 guidance disappoints; US stocks mixed on earnings, policy overhaul anticipation

Published on: February 07, 2025, 01:02 PM UTC

Amazon shares fell after mixed Q1 results and guidance despite a strong quarter, primarily due to currency fluctuations and a $104 billion capex guide. Analysts remain bullish due to AWS growth potential and the company's solid performance, including 19% AWS sales growth and its highest quarterly operating income ever.

Published on: February 07, 2025, 01:01 PM UTC