Project management software maker Monday.com (NASDAQ:MNDY) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 32.3% year on year to $268 million. The company expects next quarter’s revenue to be around $275 million, close to analysts’ estimates. Its non-GAAP profit of $1.08 per share was 36.8% above analysts’ consensus estimates.
(Reuters) -McDonald's global comparable sales posted a surprise rise in the fourth quarter on Monday, aided by demand for its affordable burgers and fries among diners in the Middle East, Japan and China. Shares of the burger chain rose nearly 5% in early trading, despite a bigger-than-expected drop in the U.S. comparable sales due to an E.coli outbreak in late October and cautious spending. Demand pressure on fast-food chains operating in the Middle East has slowly begun to ease after widespread informal boycotts of Western fast-food chains over their perceived pro-Israeli stance in the Gaza conflict.
BP's U.S.-listed shares are rising 6% in premarket trading Monday following reports that activist hedge fund Elliott Investment Management has amassed a stake in the British oil giant and is seeking to make changes.
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Personal care company Edgewell Personal Care (NYSE:EPC) met Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 2.1% year on year to $478.4 million. Its non-GAAP profit of $0.07 per share was 41.5% below analysts’ consensus estimates.
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Wall Street's main indexes closed higher on Monday, lifted by Nvidia and other AI-related stocks, while steelmakers surged after U.S. President Donald Trump said he would impose additional tariffs on steel and aluminum imports. Trump's latest potential trade barrier escalation came on Sunday when he said he would introduce 25% tariffs on all U.S. imports of steel and aluminum, on top of existing duties on the metals. Nucor, U.S. Steel and Steel Dynamics rose more than 4% each.