Posts with tag: technology
Macro trader Said Haidar led his hedge fund Haidar Jupiter to a 15.8% gain in January, its biggest in 19 months, after a 62% plunge over the previous two years.
Published on: February 06, 2025, 03:04 PM UTC
UK economy faces recession as Bank of England fails to take bold action on interest rates, despite worsening economic data and job losses.
Published on: February 06, 2025, 03:01 PM UTC
Ford shares are dropping after the automaker's disappointing outlook, with losses in its EV business offsetting higher-than-estimated quarterly results. Ford Model e reported a $5.1 billion EBIT loss for 2024, and CEO Farley warned of tariffs' impact on the industry and consumer prices.
Published on: February 06, 2025, 03:00 PM UTC
Gates Industrial Corp. (GTES) reported fourth-quarter earnings of $36.6 million, or 14 cents per share. Adjusted earnings were 36 cents per share. Revenue was $829.4 million. For the year, the company reported profit of $194.9 million, or 74 cents per share, on revenue of $3.41 billion. Gates Industrial expects full-year earnings in the range of $1.36 to $1.52 per share.
Published on: February 06, 2025, 02:08 PM UTC
Ralph Lauren Beats on Q3 Earnings and Revenue, with EPS at $4.66 and Revenue at $2.14B
Published on: February 06, 2025, 02:08 PM UTC
Huntington Ingalls (NYSE: HII) reported Q4 earnings below analyst estimates, with revenue declining 5.4% YoY. Its EPS missed consensus by 10.8%. The company's operating margin and free cash flow margin decreased compared to the same quarter last year. Read our full research report for insights on HII's stock and long-term performance.
Published on: February 06, 2025, 02:06 PM UTC
MACOM Technology Solutions (NASDAQ: MTSI) Q4 2024 results beat revenue expectations, with sales up 38.8% YoY to $218.1 million. Guidance for next quarter's revenue is optimistic at $230 million, above analysts' estimates. Is now the time to buy MACOM? Find out in our full research report.
Published on: February 06, 2025, 02:06 PM UTC
Traders expect further interest rate cuts from the Bank of England after policymakers lowered costs, with two voting for a bigger reduction. Money markets fully price two more quarter-point cuts and an 80% chance of a third. The pound fell, while UK bonds initially rallied.
Published on: February 06, 2025, 02:05 PM UTC
Sonos Inc. reports net income of $50.2 million in its fiscal first quarter. The company posted revenue of $550.9 million, topping Street forecasts.
Published on: February 06, 2025, 02:05 PM UTC
Zimmer Biomet forecasts below-estimate profit due to currency headwinds, despite strong Q4 results.
Published on: February 06, 2025, 02:04 PM UTC