Posts with tag: technology
Donald Trump's potential import taxes on vehicles and auto parts from Mexico and Canada have the auto industry on edge, as manufacturers scramble to assess the potential financial fallout and mitigate potential damage.
Published on: February 04, 2025, 12:09 PM UTC
Cybersecurity company SailPoint targets up to $11.5 billion valuation in US IPO. SailPoint, backed by private equity firm Thoma Bravo, offers 50 million shares priced between $19 and $21. The IPO will test investor appetite and set the tone for other firms considering listings.
Published on: February 04, 2025, 12:09 PM UTC
Amcor plc reports second-quarter profit of $163 million, meeting Wall Street expectations.
Published on: February 04, 2025, 12:08 PM UTC
Oaktree Specialty Lending Corp. reports Q1 profit of $7.2 million, in line with expectations. Revenue missed estimates with $86.6 million.
Published on: February 04, 2025, 12:07 PM UTC
Axalta Coating Systems (AXTA) beats earnings and revenue expectations for Q4, with earnings per share of 60 cents and revenue of $1.31 billion. For the year, the company reports profit of $391 million or $1.78 per share, with revenue of $5.28 billion. Axalta forecasts earnings of 54 cents per share for the current quarter and $2.50 to $2.60 per share for the full year, with revenue between $5.35 billion and $5.4 billion.
Published on: February 04, 2025, 12:07 PM UTC
Merck reports Q4 net income of $3.74B, surpassing expectations with $1.72 EPS, revenue of $15.62B. The company forecasts 2023 earnings between $8.88-$9.03 per share and revenue between $64.1B-$65.6B.
Published on: February 04, 2025, 12:06 PM UTC
Marathon Petroleum Corp. (MPC) reported fourth-quarter profit of $371 million, or $1.15 per share, beating Wall Street expectations of 6 cents per share.
Published on: February 04, 2025, 12:06 PM UTC
Estée Lauder plans to cut 5,800-7,000 jobs amid slumping sales in travel retail and China, as CEO Stéphane de La Faverie unveils turnaround plans to regain market share.
Published on: February 04, 2025, 12:05 PM UTC
Palantir stock surged over 18% premarket as upbeat annual revenue forecast fueled by strong demand for its AI-powered software solutions from businesses embracing generative AI technology.
Published on: February 04, 2025, 12:05 PM UTC
Top U.S. refiner Marathon Petroleum beat fourth-quarter profit estimates, helped by strength in its midstream and renewable diesel segment.
Published on: February 04, 2025, 12:04 PM UTC