Tag: inspiration

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Fortinet Forecasts Strong 2023 Revenue Driven by Cybersecurity Demand

Fortinet predicts full-year revenue surpassing Wall Street estimates, driven by growing demand for AI-powered cybersecurity solutions due to digitalization and rising cyber threats.

Belden Reports Q4 Net Income of $58.4 Million

Belden Inc. reported a fourth-quarter net income of $58.4 million, or $1.42 per share. Adjusted earnings were $1.92 per share. Revenue was $666 million. The company expects earnings per share in the range of $1.43 to $1.53 and revenue in the range of $605 million to $620 million for the current quarter.

Advanced Drainage (WMS) Q4 CY2024 Earnings Preview: Revenue Beat, EPS Miss

Advanced Drainage Systems (WMS) reports Q4 revenue beat estimates of $690.5 million, despite a 9.8% miss in non-GAAP earnings per share of $1.09. Full-year revenue guidance remains at $2.94 billion, in line with analysts' estimates. Assess the company's financial performance, long-term growth prospects, and investment potential in our comprehensive research report.

US Stocks Recover From Losses After Earnings Disappointments

US stocks rebounded on Wednesday after falling at the open to close higher on the day. Earnings from Alphabet (GOOG, GOOGL) and AMD (AMD) disappointed, but Big Tech received a boost from an increase in Nvidia (NVDA) stock. The tech-heavy Nasdaq Composite (^IXIC) gained 0.2%, while the benchmark S&P 500 (^GSPC) rose 0.4%. The Dow Jones Industrial Average (^DJI) led the gains, rising 0.7%, or over 300 points.

Ford Beats Earnings and Revenue Estimates But Issues Muted Guidance

Ford beats Q4 estimates but issues muted FY23 guidance, citing headwinds, expects losses in Model e to persist in 2025, and calls for comprehensive tariff policy.

Seven & i Management Buyout Bid Taps Citi, BofA for Financing

Citigroup and Bank of America to Finance Seven & i Holdings Buyout, Adding to Consortium of Banks and Investors

Shein Faces Greater Hit Than Temu from US Import Tax Changes

The Trump administration's move to stop low-cost imports from entering the U.S. tariff-free will likely hit fast-fashion retailer Shein harder than online dollar store Temu. Both sites have expanded rapidly in the U.S. in recent years due to a loophole that exempted shipments worth less than $800 from import duties. However, Temu has been quicker to adapt its shipping strategy and diversify its product offerings.

Presidential Spending Authority: The Impoundment Debate

Several high-profile confrontations in the first weeks of the Trump administration center around questions of presidential spending authority, potentially setting the stage for a bigger battle to come. At issue is whether a president has the authority to treat spending laws passed by Congress as proposals rather than directives.

Insurance Issues Threaten Maui Wildfire Settlement

The fate of a $4 billion settlement for victims of Maui's historic 2023 wildfire hangs in the balance as Hawaii's Supreme Court examines insurance companies' demands for the right to pursue defendants separately.

Asian Stocks Advance as US Shares, Bonds Rebound

Asian equities rise following gains on Wall Street; Japanese yen strengthens. US futures are steady after a second day of gains for the S&P 500 and Nasdaq 100. Treasuries are stable after rallying overnight.