Shares of United Parcel Service (UPS) sank 10% in premarket trading Thursday after the shipping giant reported worse-than-expected fourth-quarter results. The company reported net income of $1.72 billion, or $2.01 per share, on $25.3 billion in revenue. Analysts had expected profit of $2.14 billion, or $2.51 per share, on revenue of $25.35 billion, per Visible Alpha. After stripping out $639 million in charges that were mostly related to pensions, UPS reported adjusted earnings per share (EPS) of $2.75, ab ...

KEY TAKEAWAYSIBM shares are jumping nearly 8% in premarket trading Thursday, a day after the company posted results that topped analysts' estimates as its artificial intelligence-enabled business surged. IBM reported fourth-quarter adjusted EPS of $3.92, ahead of Visible Alpha consensus of $3.79. Revenue of $17.55 billion was a tick higher than expectations.CEO Arvind Krishna said IBM's "generative AI book of business now stands at more than $5 billion inception-to-date, up nearly $2 billion quarter over qu ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

2024 Highlights(Comparisons are year-over-year ("YoY"), unless otherwise noted) Sales of $3.8 billion, a decrease of 1% primarily driven by lower sales in China Net earnings of $533.6 million and diluted earnings per share (EPS) of $3.63, a 2% decrease, primarily due to lower sales as well as a $0.10 reduction to EPS for restructuring and impairment expenses to right size the businesses in China and North America water treatment Adjusted earnings of $548.0 million resulted in adjusted EPS of $3.73, a decrea ...

CHICAGO and MILWAUKEE and NEW YORK, Jan. 30, 2025 (GLOBE NEWSWIRE) -- YieldMax™ announced the launch today of the following ETF: YieldMax™ CARVANA Option Income Strategy ETF (NYSE Arca: CVNY) CVNY seeks to generate current income by pursuing options-based strategies on CARVANA CO. (CVNA). CVNY is actively managed by Tidal Financial Group. CNVY does not invest directly in CVNA. CVNY is the newest member of the YieldMax™ ETF family and like all YieldMax™ ETFs, aims to deliver current income to investors. With ...

Dublin, Jan. 30, 2025 (GLOBE NEWSWIRE) -- The "Oil Refining Industry in Kuwait 2025" report has been added to ResearchAndMarkets.com's offering.This report is a complete source of information on Kuwait's crude oil refining industry. It provides refinery level information relating to existing and planned (new build) refineries such as insights and forecasts of refinery capacities, refined petroleum products production and consumption, refinery complexity factor and comparison against peer group countries in ...

Initiates 2025 guidanceSARASOTA, Fla., Jan. 30, 2025 (GLOBE NEWSWIRE) -- Roper Technologies, Inc. (Nasdaq: ROP) reported financial results for the fourth quarter and full year ended December 31, 2024. The results in this press release are presented on a continuing operations basis. Fourth quarter 2024 highlights Revenue increased 16% to $1.88 billion; acquisition contribution was +9% and organic revenue was +7%Operating cash flow was $722 million; adjusted operating cash flow increased 13%GAAP net earnings ...

COLUMBUS, Ohio, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Bread Financial® Holdings, Inc. (NYSE: BFH), a tech-forward financial services company that provides simple, personalized payment, lending and saving solutions, provided a performance update. The following tables present the Company’s net loss rate and delinquency rate for the periods indicated. For the month ended December 31, 2024 For the three months endedDecember 31, 2024 (dollars in millions)End-of-period credit card and other loans$18,896 $18,896 A ...

Based on my analysis, Lyft (NASDAQ: LYFT ) presents an attractive investment opportunity and is well positioned to continue sustaining its revenue growth and improve its overall profitability and cashflow generation capability. More importantly, based on a valuation analysis, thereWith over 7 years of experience in the buy-side, my investment philosophy is rooted in both fundamental bottom-up analysis and quantitative modelling. My forte lies in identifying perception gaps to capitalize on over-pessimism an ...

PHOENIX, Jan. 30, 2025 (GLOBE NEWSWIRE) -- DataGlobal Hub, a leading content hub for data science and artificial intelligence (AI), recently concluded its Global Data & AI Virtual Tech Conference (Book Authors’ Edition). The event, held on January 18, 2025, was a resounding success, attracting thousands of virtual attendees from more than 60 countries across the globe and generating over 150,000 views across different media platforms. The conference served as a platform for industry leaders, data scientist ...