Real estate services firm Newmark (NASDAQ:NMRK) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 18.8% year on year to $888.3 million. The company expects the full year’s revenue to be around $3 billion, close to analysts’ estimates. Its non-GAAP profit of $0.55 per share was 13.6% above analysts’ consensus estimates.
Roku shares are jumping Friday, after the streaming company posted better-than-estimated fourth-quarter results.
Moderna beat on fourth quarter 2024 earnings and was in line with estimates for full-year 2024 earnings.
Shares of Palo Alto Networks sank Friday morning despite the cybersecurity firm's results for the second quarter of fiscal 2025 coming in just above estimates.
The credit ratings of Europe's NATO members are likely to suffer if they ramp up defence spending in line with U.S. President Donald Trump's demands although they might drive the region to jointly issue debt, ratings firm S&P Global has said. Despite almost doubling their defence expenditure since Russia annexed Ukraine's Crimea in 2014, European nations on average still spend below NATO's 2% of GDP guidelines, while the U.S. finances nearly two-thirds of NATO's military budget.
Television broadcasting and production company AMC Networks (NASDAQ:AMCX) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 11.7% year on year to $599.3 million. Its non-GAAP profit of $0.64 per share was 38.8% below analysts’ consensus estimates.
Pakistan's largest bank, HBL, and global financial information and analytics firm S&P Global have launched a new index to track the country's manufacturing sector, the companies said on Friday. Rising taxes and power tariffs have led to social unrest and hammered industries in Pakistan's $350 billion economy, as it navigates a tricky path to recovery under a $7 billion IMF program approved in September. The HBL S&P Global Purchasing Managers' Index will be a standardized economic indicator based on a survey of a diverse panel of industries.
Biotechnology company Moderna (NASDAQ:MRNA) met Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 65.6% year on year to $966 million. On the other hand, the company’s full-year revenue guidance of $2 billion at the midpoint came in 9.8% below analysts’ estimates. Its GAAP loss of $2.91 per share was 6.7% below analysts’ consensus estimates.
Japan Tobacco International expects a shift towards cheaper cigarette brands in the United States to reach more than 40% of the market by 2027, its finance chief told Reuters. U.S. smokers have been swapping out brands such as Altria's Marlboro and British American Tobacco's (BAT) Newport, which have been raising prices for years, for less expensive brands as high inflation and interest rates stretch their wallets. BAT's U.S. cigarette volumes fell 10.1% last year in part due to this shift, it reported on Thursday, while Altria has also been losing market share.