CoreWeave beats revenue projections as backlog swells to nearly $67 billion
CNBC· 2026-02-26 21:20
Core Points - CoreWeave reported a 110% year-over-year revenue growth in the fourth quarter, exceeding Wall Street expectations with revenue of $1.57 billion compared to the expected $1.55 billion [1][5] - The company has 850 megawatts of active power capacity and a contracted power capacity of 3.1 gigawatts, surpassing analyst projections of 827 megawatts [2] - CoreWeave's revenue backlog increased to $66.8 billion from $55.6 billion at the end of the third quarter, indicating strong future revenue potential [2] - Capital expenditures for 2026 were reported at $10.31 billion, which is below the consensus estimate of $12.90 billion [2] - As of December 31, CoreWeave had $21.37 billion in debt [2] - The company has seen a 36% increase in stock price in 2026, contrasting with a nearly 22% decline in the iShares Expanded Tech-Software Sector ETF during the same period [3] - CoreWeave announced a partnership with model builder Poolside and launched an object storage service to enhance its competitive position against larger players like Amazon Web Services [4] - The company increased its credit facility from $1.5 billion to $2.5 billion, providing additional financial flexibility [4]
Netflix CEO Sarandos arrives at White House amid WBD deal pursuit
CNBC· 2026-02-26 21:17
Netflix CEO Ted Sarandos arrives for meetings at the White House on Feb. 26, 2026 in Washington, DC.Netflix CEO Ted Sarandos arrived at the White House on Thursday afternoon for a meeting on his company's effort to buy part of Warner Bros. Discovery.Sarandos is not expected to meet with President Donald Trump, who days ago demanded that Netflix boot Susan Rice from its board of directors."This meeting is not with POTUS," a White House official told CNBC. "Netflix is meeting with staff members at the White H ...
Intuit Logs Higher Second-Quarter Profit, Gives Soft Third-Quarter Outlook
WSJ· 2026-02-26 21:17
The financial technology company's profit guidance for the fiscal third quarter – which overlaps with peak tax season – came in short of Wall Street's expectations. ...
Arcosa, Inc. Announces Fourth Quarter and Full Year 2025 Results
Businesswire· 2026-02-26 21:16
"We¸â€ or "Our† results for the fourth quarter and full year ended December 31, 2025. Fourth Quarter 2025 Highlights Three Months Ended December 31, 2025 2024 % Change ($ in millions, except per share amounts)   Revenues $ 716.7   § 666.2   8 % Net income $ 52.1   $ (7.7 )  N.M. Adjusted Net Income(1) $ 5. DALLAS--(BUSINESS WIRE)--Arcosa, Inc. (NYSE: ACA) ("Arcosa,† the "Company,†...
Tutor Perini Declares Quarterly Dividend
Businesswire· 2026-02-26 21:16
LOS ANGELES--(BUSINESS WIRE)--Tutor Perini Corporation (NYSE: TPC), a leading civil, building and specialty construction company, announced today that its Board of Directors has declared a quarterly cash dividend in the amount of $0.06 per share of Tutor Perini common stock payable on March 26, 2026, to shareholders of record as of the close of business on March 10, 2026. About Tutor Perini Corporation Tutor Perini Corporation is a leading civil, building and specialty construction company offering divers ...
AAR signs new agreement with Otto Instrument Service
Prnewswire· 2026-02-26 21:15
AAR signs new agreement with Otto Instrument Service [Accessibility Statement] Skip NavigationWOOD DALE, Ill., Feb. 26, 2026 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has signed a new agreement with Otto Instrument Service to sell and support the LASEREF IV inertial reference system product line. The agreement reinforces AAR's strategy to broaden its OEM distribution portfolio serving the business aviation market.Co ...
Globant Reports 2025 Fourth Quarter Financial Results
Prnewswire· 2026-02-26 21:15
Core Insights - Globant reported its highest revenue and strongest free cash flow in 2025, with a fourth-quarter revenue of $612.5 million, exceeding guidance and reflecting improved client sentiment [1][3] - The company is transitioning to a token-based, intelligent subscription model, moving beyond the traditional 'seats' model, and focusing on AI-native Pods for software development [1][2] - The company achieved a record quarterly free cash flow of $152.8 million, indicating strong operational discipline [1][3] Fourth Quarter 2025 Financial Highlights - Non-IFRS Adjusted Diluted EPS was $1.54, down from $1.75 in Q4 2024 [1][3] - IFRS Diluted EPS increased to $0.93 from $0.85 in Q4 2024 [1][3] - Non-IFRS Adjusted Profit from Operations Margin was 15.5%, slightly down from 15.7% in Q4 2024 [1][3] - Revenues for Q4 2025 were $612.5 million, representing a 4.7% year-over-year decline [1][3] Full Year 2025 Financial Highlights - Non-IFRS Adjusted Diluted EPS was $6.14, compared to $6.40 in 2024 [1][3] - IFRS Diluted EPS decreased to $2.29 from $3.72 in 2024 [1][3] - Revenues rose to $2,454.9 million, reflecting a 1.6% year-over-year growth [1][3] Customer and Geographic Insights - In 2025, Globant served 944 customers, with 336 accounts generating over $1 million in annual revenues [1][3] - Revenue breakdown for Q4 2025: 53.8% from North America, 21.1% from Latin America, 19.3% from Europe, and 5.8% from New Markets [1][3] Cash Flow and Investment Highlights - The company invested $50 million in its share repurchase program during Q4 2025 [1][3] - Cash and cash equivalents were $250.3 million as of December 31, 2025 [1][3] 2026 Outlook - For FY 2026, Non-IFRS Adjusted Diluted EPS is estimated to be between $6.10 and $6.50 [1][3] - FY 2026 revenues are projected to be between $2,460 million and $2,510 million, indicating a year-over-year growth of 0.2% to 2.2% [1][3] - Q1 2026 revenues are estimated to be between $598 million and $604 million, representing a decline of 2.1% to 1.2% year-over-year [1][3]
MPLX LP files 2025 Form 10-K
Prnewswire· 2026-02-26 21:15
MPLX LP files 2025 Form 10-K [Accessibility Statement] Skip NavigationFINDLAY, Ohio, Feb. 26, 2026 /PRNewswire/ -- MPLX LP (NYSE: MPLX) today filed with the U.S. Securities and Exchange Commission its Annual Report on Form 10-K for the year ended Dec. 31, 2025. The filing can be viewed through a link on MPLX's website at [www.mplx.com] by selecting the "SEC Filings" link under the "Investors" tab.Upon written request, unitholders may receive, free of charge, a hard copy of MPLX's Annual Report on Form 10-K ...
AXIS Capital Declares Quarterly Dividends and Announces New Share Repurchase Authorization
Globenewswire· 2026-02-26 21:15
PEMBROKE, Bermuda, Feb. 26, 2026 (GLOBE NEWSWIRE) -- AXIS Capital Holdings Limited ("AXIS Capital" or the “Company”) (NYSE: AXS) today announced that its Board of Directors has declared a quarterly dividend of $0.44 per common share payable on April 15, 2026 to shareholders of record at the close of business on March 31, 2026. In addition, the Board declared a dividend of $34.375 per Series E 5.50% preferred share (equivalent to $0.34375 per depositary share) payable on April 15, 2026 to shareholders of rec ...
United Rentals Announces Telematics Integration with Procore to Expand Equipment Visibility for Customers
Businesswire· 2026-02-26 21:15
STAMFORD, Conn. & CARPINTERIA, Calif.--(BUSINESS WIRE)--United Rentals Inc. (NYSE: URI), the world's largest equipment rental company, and Procore Technologies (NYSE: PCOR), the leading global provider of construction management software, today announced a new strategic partnership and their first telematics integration. The integration enables shared customers to seamlessly bring United Rentals rental equipment data directly into the Procore Resource Management solution, expanding visibility a. ...