Business

Despite recent retail investor outflows, institutional investors are reportedly accumulating Nvidia stock, indicating their confidence in the company's long-term prospects. Palantir has also seen significant retail demand, despite insider selling, as investors seek growth potential in the tech sector.

Published on: February 13, 2025, 03:01 PM UTC

RFR Holding Refinances Seagram Building Debt with $1.2 Billion CMBS

Published on: February 13, 2025, 03:00 PM UTC

Cisco Systems shares surged after the company raised its revenue forecast for the current quarter, driven by strong demand for networking gear from businesses investing in AI technology. Cisco's switches and routers are essential for directing data traffic in and out of networks, and the company has also expanded into software and services, benefiting from the acquisition of Splunk last year. Recurring revenue grew 9% in the second quarter, and the company's financial projections include the impact of tariffs on costs.

Published on: February 13, 2025, 03:00 PM UTC

Lincoln Electric (NASDAQ: LECO) beat Wall Street's revenue estimates for Q4 2024, with revenue of $1.02 billion. Non-GAAP EPS of $2.57 per share was 28.9% above analyst expectations. Read the full report for insights on the company's performance, growth trends, and future outlook.

Published on: February 13, 2025, 02:08 PM UTC

TriNet Group Inc. reports Q4 loss of $23 million, but beats Wall Street expectations with adjusted earnings of 44 cents per share. Full-year profit reaches $173 million, with revenue at $1.26 billion.

Published on: February 13, 2025, 02:08 PM UTC

Hertz (HTZ) missed revenue expectations for Q4 CY2024, with sales dipping 6.6% to $2.04 billion. Non-GAAP loss per share at $1.18 fell short of estimates by 63.9%. Despite challenging results, analysts forecast EPS improvement over the next 12 months. Explore our full research report for in-depth analysis and investment insights.

Published on: February 13, 2025, 02:07 PM UTC

Shoe designer Steven Madden to acquire UK luxury brand Kurt Geiger in a $360 million deal, expanding its international presence.

Published on: February 13, 2025, 02:07 PM UTC

Cisco Systems Inc. (CSCO) provides an upbeat sales forecast for the current quarter, aided by increased corporate spending on AI-related computing infrastructure. Cisco projects Q1 revenue between $13.9B and $14.1B, exceeding analyst expectations, and raises its fiscal 2025 target to over $56B. The company's shares surge over 6% premarket on the positive outlook.

Published on: February 13, 2025, 02:07 PM UTC

Ardmore Shipping Corp. reports Q4 earnings of $6.9 million, or 12 cents per share. Adjusted earnings were 25 cents per share, on revenue of $49.3 million.

Published on: February 13, 2025, 02:07 PM UTC

Global Payments sees profit rise in Q4 as consumer spending surges in holiday season amid strong labor market.

Published on: February 13, 2025, 02:06 PM UTC