Posts with tag: technology
Zurich Insurance reports higher-than-expected annual operating profit of $7.8 billion, slightly edging out analysts' estimates. Facing climate disasters and wars, insurers remain resilient. The company plans for 9% compound annual growth in core earnings per share from 2025-2027.
Published on: February 20, 2025, 03:01 PM UTC
Sabre (SABR) Q4 sales met estimates with a 4% YoY increase to $714.7 million. Non-GAAP loss per share was $0.08, exceeding analyst consensus by 22%. Revenue growth of 9.3% over the last two years is above the five-year trend. The company's free cash flow margin is 9.3%, but it has declined slightly from the previous quarter. Overall, Sabre had a solid earnings report but faces some demand challenges in the near term.
Published on: February 20, 2025, 02:04 PM UTC
Jobless claims rise slightly, but labor market remains healthy. Weekly applications for jobless benefits increased by 5,000 to 219,000, but the four-week average fell to 215,250. Despite layoffs at some high-profile companies, the labor market is still strong with plentiful jobs and a low unemployment rate. The Federal Reserve is monitoring inflation and the labor market for signs of a weakening economy.
Published on: February 20, 2025, 02:04 PM UTC
Cushman & Wakefield reports Q4 net income of $112.9 million, matching estimates but missing revenue expectations. Full-year profit was $131.3 million on revenue of $9.45 billion.
Published on: February 20, 2025, 01:09 PM UTC
Wayfair Inc. (W) reported a fourth-quarter loss of $128 million, or $1.02 per share, missing Wall Street expectations. Revenue of $3.12 billion surpassed forecasts, while the company reported a loss of $492 million, or $4.01 per share, for the year.
Published on: February 20, 2025, 01:08 PM UTC
TripAdvisor Q4 earnings top Wall Street forecasts; revenue of $411 million
Published on: February 20, 2025, 01:08 PM UTC
Cheniere Energy Inc. reported fourth-quarter net income of $977 million, which beat Wall Street expectations.
Published on: February 20, 2025, 01:07 PM UTC
DigitalBridge Group reported a Q4 loss of $5.1 million, or 12 cents per share, but adjusted earnings of 11 cents topped Wall Street views.
Published on: February 20, 2025, 01:07 PM UTC
Ardelyx Inc. (ARDX) reported fourth-quarter net income of $4.6 million, meeting Wall Street expectations. Revenue was $116.1 million, beating forecasts. For the year, the company's loss narrowed to $39.1 million, or 17 cents per share. Revenue was $333.6 million.
Published on: February 20, 2025, 01:06 PM UTC
Wayfair's (W) Q4 beats on revenue but stock drops. Revenue was flat year on year at $3.12 billion, but non-GAAP loss of $0.25 per share was below estimates. Active customers declined by 1 million year on year to 21.4 million. Guidance to come on the earnings call shortly.
Published on: February 20, 2025, 01:04 PM UTC