Posts with tag: technology
Escalating tensions between pharmaceutical companies and pharmacy benefit managers (PBMs) in Washington, DC, as President Trump's administration seeks to prioritize patients over PBM profits.
Published on: February 19, 2025, 11:00 PM UTC
PRA Group Inc. (PRAA) reported fourth-quarter profit of $18.5 million, or 47 cents per share, topping Wall Street expectations. Revenue was $293.2 million. For the year, the company reported profit of $70.6 million, or $1.79 per share, on revenue of $1.11 billion.
Published on: February 19, 2025, 10:10 PM UTC
Walmart's strong profit margins could drive its stock to $150, Morgan Stanley analysts predict, while other analysts see limited upside ahead of earnings.
Published on: February 19, 2025, 10:09 PM UTC
US Treasury Secretary Scott Bessent will skip the G20 finance ministers meeting in South Africa, sending a senior official in his stead. The decision follows Secretary of State Marco Rubio's snub of the G20 gathering of foreign ministers this week.
Published on: February 19, 2025, 10:09 PM UTC
TrueBlue Inc. (TBI) reported a Q4 loss of $11.7 million, or 40 cents per share. Adjusted for non-recurring and amortization costs, the loss was 2 cents per share. Revenue for the quarter was $386 million.
Published on: February 19, 2025, 10:08 PM UTC
Sabra Healthcare REIT Inc. (SBRA) reported fourth-quarter FFO of $0.36 per share, matching estimates. Revenue missed expectations, coming in at $182.3 million versus the $183.2 million consensus.
Published on: February 19, 2025, 10:06 PM UTC
Intel (INTC) shares fell sharply on Wednesday, reversing a recent surge that was fueled by speculation over potential deals with TSMC (TSM) and Broadcom (AVGO). Analysts have expressed skepticism over the reported interest, citing concerns about antitrust scrutiny and the complexity of integrating Intel's manufacturing with TSMC's processes.
Published on: February 19, 2025, 10:03 PM UTC
Carvana reports a profitable Q4, with revenue and EPS beats. Despite the 32% YoY revenue increase, shares experience an after-hours decline following a 52-week high. The online car retailer anticipates continued growth in sales and EBITDA for 2025.
Published on: February 19, 2025, 10:02 PM UTC
Fed Holds Rates Amid Inflation, Trump Policy Uncertainty
Published on: February 19, 2025, 10:00 PM UTC
US stocks were mostly higher on Wednesday as investors considered President Trump's latest 25% tariff announcement and digested the Federal Reserve's minutes for insights into future policy.
Published on: February 19, 2025, 09:01 PM UTC