The number of Americans filing new applications for unemployment benefits decreased last week, suggesting the labor market remained stable early in February. Initial claims for state unemployment benefits fell 7,000 to a seasonally adjusted 213,000 for the week ended February 8, the Labor Department said on Thursday.
Global car rental company Hertz (NASDAQ:HTZ) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 6.6% year on year to $2.04 billion. Its non-GAAP loss of $1.18 per share was 63.9% below analysts’ consensus estimates.
Welding equipment manufacturer Lincoln Electric (NASDAQ:LECO) beat Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 3.4% year on year to $1.02 billion. Its non-GAAP profit of $2.57 per share was 28.9% above analysts’ consensus estimates.
Hospitality company Hyatt Hotels (NYSE:H) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 3.5% year on year to $1.6 billion. Its non-GAAP profit of $0.42 per share was 46.8% below analysts’ consensus estimates.
Semiconductor quality control company Nova (NASDAQ:NVMI) reported Q4 CY2024 results beating Wall Street’s revenue expectations, with sales up 45.1% year on year to $194.8 million. On top of that, next quarter’s revenue guidance ($210 million at the midpoint) was surprisingly good and 10.6% above what analysts were expecting. Its non-GAAP profit of $1.94 per share was 6.6% above analysts’ consensus estimates.
Animal health company Zoetis (NYSE:ZTS) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 4.7% year on year to $2.32 billion. On the other hand, the company’s full-year revenue guidance of $9.3 billion at the midpoint came in 2.8% below analysts’ estimates. Its non-GAAP profit of $1.40 per share was 4.7% above analysts’ consensus estimates.
Scientific instrument company Bruker (NASDAQ:BRKR). reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 14.6% year on year to $979.6 million. On the other hand, the company’s full-year revenue guidance of $3.51 billion at the midpoint came in 1.8% below analysts’ estimates. Its non-GAAP profit of $0.76 per share was 3.2% above analysts’ consensus estimates.
(Bloomberg) -- European investors are starting to wonder just how long the hot winning streak for the region’s stocks is going to last, even as possible talks to end the war in Ukraine send the market to fresh record highs.The Stoxx Europe 600 Index has risen 8% this year through Wednesday versus a gain of less than 3% for the US S&P 500. The outperformance has been fueled by what seems a convincing investment case: Shares are cheap, interest rates are going down and earnings are holding up.Skep
The parent company of Reuters News said it expects to start trading on the Nasdaq on or about February 25, adding that the move will have no impact on its shares listed in Canada on the Toronto Stock Exchange.