First Community (FCCO) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.43 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10%. A quarter ago, it was expected that this holding company for First Community Bank would post earnings of $0.45 per share when it actually produced earnings of $0.50, delivering a surprise of 11.11%.Over the la ...

DENVER, Jan. 22, 2025 (GLOBE NEWSWIRE) -- The Ferrari Foundation is proud to announce Annie O’Brien, a nursing student at Marquette University, as the 2024 recipient of the Adam Ferrari Health Science Scholarship. Selected from a highly competitive pool of applicants, Annie impressed the scholarship committee with her academic excellence, dedication to healthcare, and her inspiring commitment to advocating for individuals with physical disabilities. Annie’s passion for nursing was deeply influenced by her c ...

FRESNO, Calif., Jan. 22, 2025 (GLOBE NEWSWIRE) -- FFB Bancorp (the “Company”) (OTCQX: FFBB), the parent company of FFB Bank (the “Bank”), today reported net income of $9.72 million, or $3.05 per diluted share, for the fourth quarter of 2024, an increase of 13% from the $8.56 million, or $2.69 per diluted share, reported for the third quarter of 2024. The Bank reported $7.57 million, or $2.39 per diluted share, for the fourth quarter of 2023. For the year ended December 31, 2024, net income was $34.15 millio ...

Labor Dispute and Union Actions - Over 18,000 Costco employees, represented by the Teamsters, have voted to strike on January 31 due to unresolved labor disputes [1] - The Teamsters and Costco have been in negotiations since mid-December, but 85% of union members voted for a strike after the company rejected proposals for increased seniority pay, paid family leave, bereavement policies, sick time, and safeguards against surveillance [2] - The strike will impact approximately 50 of Costco's 624 U.S. stores, primarily in California, New York, New Jersey, Virginia, and Washington [3] - The Teamsters allege that Costco has expelled union representatives from stores, harassed workers for wearing union buttons, and blocked union updates on in-store bulletin boards during negotiations [4] Financial Performance and Union Demands - Since the Teamsters' current contract in 2022, Costco's revenues have increased by 12%, from $222.7 billion to $249.6 billion, and profits have grown by 26%, reaching $7.4 billion from $5.8 billion [5] - The Teamsters argue that Costco should recognize the contributions of its union members to the company's financial success rather than prioritizing Wall Street shareholders [5] Employee Sentiment and Corporate Culture - Christopher Reed, a Costco employee and Teamster member, expressed dissatisfaction with the company's corporate culture, stating that management has become disconnected and dismissive, prioritizing shareholders over workers [6] - Costco's former CEO Craig Jelinek and current CEO Ron Vachris acknowledged a failure in leadership after workers in Norfolk, VA voted to join the Teamsters, stating they were "disappointed in ourselves as managers and leaders" [9] Compensation and Reputation - Costco is known for its industry-leading pay and benefits, with an average hourly pay rate of about $31 last year, translating to approximately $64,000 annually for full-time employees [8] - Entry-level jobs at Costco start at $19.50 per hour [8] Shareholder Proposal on DEI Policies - Costco faces a shareholder proxy vote regarding its diversity, equity, and inclusion (DEI) policies, with the board unanimously rejecting the proposal and urging shareholders to do the same [7] - The board stated that its DEI efforts help attract and retain employees who contribute to the company's success [8]

The industrial company reported mixed fourth-quarter results.Textron (TXT -4.48%), a multifaceted industrial company known for its aviation and defense businesses, released its fourth-quarter 2024 earnings results on Jan. 22. The company posted adjusted earnings per share (EPS) of $1.34, surpassing the consensus expectation of $1.28 by 4.7%. Revenue reached $3.613 billion, slightly missing the expected $3.748 billion. Despite certain segmental headwinds, Textron ended the quarter on a positive note.MetricQ4 ...

Netflix stock flirted with the $1,000 mark Wednesday, hitting all-time highs in the wake of the company’s spectacular earnings report. In detailing its fourth-quarter financials Tuesday, Netflix said it added a company-record 18.9 million subscribers during the period to reach 301.6 million worldwide. It also exceeded forecasts for revenue and earnings per share. Investors piled into the stock on the news, sending shares up more than 10% to as high as $999 before they settled closer to $960. It’s a dramat ...

Earnings Expectations - Wall Street expects Automatic Data Processing (ADP) to report a year-over-year increase in earnings and revenues for the quarter ended December 2024 [1] - The stock price may move higher if the actual results exceed expectations, or lower if they miss, with the earnings report expected on January 29 [2] - The sustainability of the stock price change will depend on management's discussion of business conditions during the earnings call [2] Financial Estimates - ADP is expected to post quarterly earnings of $2.27 per share, representing a year-over-year increase of 6.6% [3] - Revenues are expected to be $4.97 billion, up 6.4% from the year-ago quarter [3] - The consensus EPS estimate has remained unchanged over the last 30 days, reflecting analysts' reassessment of initial estimates [4] Earnings Surprise Prediction - The Zacks Earnings ESP (Expected Surprise Prediction) model compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the former being a more recent version [6] - A positive Earnings ESP indicates a likely deviation of actual earnings from the consensus estimate, with predictive power significant for positive readings only [7] - Stocks with a positive Earnings ESP and a Zacks Rank of 1 (Strong Buy), 2 (Buy), or 3 (Hold) produce a positive surprise nearly 70% of the time [8] ADP's Earnings Outlook - For ADP, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +1.15% [10] - The stock currently carries a Zacks Rank of 2, indicating a high likelihood of beating the consensus EPS estimate [11] - ADP has beaten consensus EPS estimates in each of the last four quarters, with a surprise of +5.91% in the last reported quarter [12][13] Investment Considerations - An earnings beat or miss may not be the sole basis for a stock's movement, as other factors can influence investor sentiment [14] - Betting on stocks expected to beat earnings expectations increases the odds of success, making it important to check a company's Earnings ESP and Zacks Rank ahead of its quarterly release [15] - ADP appears to be a compelling earnings-beat candidate, but investors should also consider other factors before making investment decisions [16]

Wall Street expects a year-over-year increase in earnings on lower revenues when Canadian Pacific Kansas City (CP) reports results for the quarter ended December 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released ...

Applied Industrial Technologies (AIT) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on January 29, 2025, might help the stock move higher if these key numb ...

Core Laboratories (CLB) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on January 29, 2025, might help the stock move higher if these key numbers are bette ...