Business

Billionaire investor Bill Ackman's Pershing Square has revised its bid to purchase $900 million of Howard Hughes Holdings (HHH) shares, giving it 48% ownership and plans to turn the real estate developer into a modern-day Berkshire Hathaway.

Published on: February 18, 2025, 11:01 PM UTC

Dairy giant Fonterra to explore sale or IPO of global consumer and integrated businesses, names key management team for potential IPO.

Published on: February 18, 2025, 11:00 PM UTC

Mondelez CEO warns of price hikes due to 'Make America Healthy Again' movement's reformulation requirements, including ingredient swaps and removal of food dyes.

Published on: February 18, 2025, 11:00 PM UTC

Shift4 Payments tops Wall Street earnings forecasts, misses on revenue in Q4

Published on: February 18, 2025, 10:11 PM UTC

Halozyme Therapeutics Inc. (HALO) reported fourth-quarter profit of $137 million, or $1.06 per share. Adjusted earnings were $1.26 per share, exceeding Wall Street expectations of $1.16 per share. Revenue was $298 million, also surpassing forecasts of $284 million. For the year, the company reported profit of $444.1 million, or $3.43 per share, on revenue of $1.02 billion. Halozyme expects full-year earnings in the range of $4.95 to $5.35 per share, with revenue in the range of $1.15 billion to $1.23 billion.

Published on: February 18, 2025, 10:10 PM UTC

Rush Enterprises Inc. (RUSHA) reports fourth-quarter earnings of $74.8 million, or 91 cents per share, on revenue of $2.01 billion. For the year, the company reported profit of $304.2 million, or $3.72 per share, on revenue of $7.8 billion.

Published on: February 18, 2025, 10:10 PM UTC

Devon Energy Corp. reported fourth-quarter profit of $639 million, surpassing Wall Street's expectations. Adjusted EPS was $1.16, revenue of $4.4 billion also beat estimates. For the year, the company reported profit of $2.89 billion on revenue of $15.94 billion.

Published on: February 18, 2025, 10:10 PM UTC

International Flavors & Fragrances Inc. (IFF) reported a loss of $46 million in its fourth quarter, but earnings, adjusted for non-recurring costs, were 97 cents per share, beating Wall Street expectations. For the year, the company reported a profit of $243 million, or 95 cents per share.

Published on: February 18, 2025, 10:10 PM UTC

Lyft faces intense competition from Uber, threatening its margins and limiting growth potential. Analysts downgrade Lyft to sell, with only 1 sell rating out of 46. Uber's response to Lyft's innovations and new services raises concerns about Lyft's ability to maintain market share. Autonomous vehicle companies also pose risks to Lyft's business model.

Published on: February 18, 2025, 10:10 PM UTC

La-Z-Boy Inc. (LZB) reported earnings of $28.4 million for its fiscal third quarter. The company had a net income of 68 cents per share and posted revenue of $521.8 million.

Published on: February 18, 2025, 10:09 PM UTC