Business

Silgan Holdings (SLGN) reported in-line Q4 revenue of $1.41 billion, with non-GAAP EPS of $0.85 beating estimates. Despite missing adjusted EBITDA estimates, the company provided guidance indicating a potential 8.8% revenue growth over the next 12 months. Silgan Holdings' historical sales growth and operating margins have been mixed, but EPS growth has been solid. However, its recent EPS decline raises concerns. Overall, the quarter's results were mixed, but the market reacted positively. For a more in-depth analysis of Silgan Holdings' fundamentals and valuation, refer to our full research report.

Published on: January 29, 2025, 01:06 PM UTC

Monro Muffler Brake Inc. (MNRO) reported a fiscal third-quarter net income of $4.6 million, missing Wall Street expectations. The automotive repair chain posted revenue of $305.8 million, also missing Street forecasts.

Published on: January 29, 2025, 01:05 PM UTC

M/I Homes reports fourth-quarter net income, revenue misses estimates.

Published on: January 29, 2025, 01:05 PM UTC

ADP's Q2 earnings surpassed revenue estimates, driven by increased demand for its employee management and payroll services due to strong spending by small and medium businesses. PEO segment revenue reached $1.66 billion, surpassing expectations. ADP's revenue rose 8% to $5.05 billion, exceeding estimates. Adjusted EPS was $2.35, also exceeding estimates. Shares rose 1.2% pre-market.

Published on: January 29, 2025, 01:05 PM UTC

The European Commission unveils its strategy to revitalize industry, boost competitiveness, lower energy costs, streamline bureaucracy, and encourage innovation in fields such as AI and quantum tech.

Published on: January 29, 2025, 01:04 PM UTC

Published on: January 29, 2025, 01:04 PM UTC

Spirit Airlines anticipates bankruptcy exit in Q1, rejecting Frontier merger as unfavorable.

Published on: January 29, 2025, 01:04 PM UTC

The Container Store emerges from bankruptcy leaner and with a healthier balance sheet. The home goods retailer was able to refinance its debt, raise new funds, and reduce its long-term obligations. The company remains private after the restructuring process and is focused on growth and profitability.

Published on: January 29, 2025, 01:03 PM UTC

Starbucks aims to rebound with CEO Niccol's plan focusing on core products, pricing, and service, reporting first-quarter results with declines but beating expectations. Global same-store sales fell 4%, but the average ticket size rose 3%. Starbucks plans to reduce menu offerings by 30%, increase marketing, and improve staffing levels. Despite negative same-store sales trends, Wall Street sees potential for momentum in future quarters.

Published on: January 29, 2025, 01:02 PM UTC

President Trump wants TikTok to be sold to an American company within 30 days, and he's named Microsoft, Oracle, and Elon Musk as potential buyers.

Published on: January 29, 2025, 01:02 PM UTC