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Donegal Group Inc. (DGICA) reported fourth-quarter earnings of $24 million, or 70 cents per share. Adjusted earnings were 69 cents per share.
Published on: February 20, 2025, 12:05 PM UTC
Esab Corp (ESAB) reported Q4 EPS of $1.28, exceeding Wall Street expectations of $1.15. Revenue of $670.8 million fell short of estimates, with adjusted revenue of $633.2 million missing forecasts. For the year, the company reported EPS of $4.31 on revenue of $2.59 billion. Esab projects FY23 EPS in the range of $5.10 to $5.25.
Published on: February 20, 2025, 12:05 PM UTC
Waabi, founded by Raquel Urtasun in 2021, has raised $280 million in funding to advance its AI-powered self-driving technology. Backed by investors like Nvidia and Uber, Waabi aims to revolutionize the transportation industry.
Published on: February 20, 2025, 12:04 PM UTC
Mercedes-Benz expects its carmaking margin to drop to as low as 6% this year due to competition and uneven demand. The company plans to reduce production costs by 10% and work with suppliers to lower material expenses. Despite shifting upmarket, weak demand for top-end models in China has weighed on the strategy.
Published on: February 20, 2025, 12:04 PM UTC
Centrica claims UK energy bills rose £200 due to lack of gas storage capacity; Rough facility could save £5bn if expanded, says CEO, but £2bn investment needs "cap and floor" mechanism.
Published on: February 20, 2025, 12:04 PM UTC
Walmart forecasts sales growth below estimates, signaling inflation-weary consumers may pull back.
Published on: February 20, 2025, 12:03 PM UTC
Carvana beats revenue and profit estimates for Q4, posting record sales and adjusted EBITDA. Despite the strong results, shares fell over 8% in pre-market trading amid ongoing concerns about inventory and rising interest rates.
Published on: February 20, 2025, 12:02 PM UTC
Italian spirits group Davide Campari plans restructuring to regain financial health, considering workforce reduction by 10%.
Published on: February 20, 2025, 12:01 PM UTC
Ant Group's Quarterly Profit Skyrockets With $618 Million Boost From Investment
Published on: February 20, 2025, 12:00 PM UTC
Hasbro forecasts 2025 revenue below Wall Street estimates, citing subdued demand and impact of US tariffs on imports from China.
Published on: February 20, 2025, 12:00 PM UTC