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Jobless Claims Come in Lower
ZACKS· 2025-05-08 16:15
Economic Indicators - Initial Jobless Claims were reported at 228K, slightly below the estimated 230K, marking a decrease of 13K from the previous week's revised figure of 241K, indicating stability in the labor market [2] - Continuing Claims reached 1.879 million, consistent with trends over the past six months, although the previous week reported 1.916 million, the first print above 1.9 million since November 2021 [3][4] - Q1 U.S. Productivity showed a negative growth of -0.8%, which was 10 basis points lower than expected, following a +1.5% in Q4 2024, marking the first negative print since Q2 2022 [5] - Unit Labor Costs increased by 5.7%, exceeding the expected 5.1%, the highest level since Q3 2020, indicating potential economic challenges [6] Company Earnings - Shopify (SHOP) reported Q1 earnings of 25 cents per share, missing consensus by a penny, while revenues of $2.36 billion exceeded expectations by 1.32%, but shares fell by 7% [7] - ConocoPhillips (COP) surpassed earnings estimates with $2.09 per share, exceeding consensus by 3 cents, and reported revenues of $17.1 billion, outperforming by 3.37% compared to the previous year [8] - Crocs (CROX) reported earnings of $3.00 per share, beating expectations by 19.5%, and revenues of $937.3 million, slightly below year-ago levels, with shares up 4.7% in pre-market trading [9]
Jobless Claims, Q1 Productivity Hit Multi-Year Levels
ZACKS· 2025-05-08 15:30
Market Overview - Pre-market futures indicate a positive market sentiment with the Dow up 300 points, S&P 500 up 50 points, Nasdaq up 250 points, and Russell 2000 up 25 points, despite less favorable economic reports [1] Employment Data - Initial Jobless Claims were reported at 228K, slightly below the estimated 230K, marking a decrease of 13K from the previous week's revised figure of 241K, indicating stability in the labor market [2] - Continuing Claims reached 1.879 million, consistent with trends over the past six months, although the previous week reported 1.916 million, the first print above 1.9 million since November 2021 [3][4] Productivity and Labor Costs - Q1 U.S. Productivity showed a negative growth of -0.8%, which is 10 basis points lower than expectations, following a +1.5% growth in Q4 2024, marking the first negative print since Q2 2022 [5] - Unit Labor Costs increased by 5.7%, exceeding the expected 5.1%, the highest level since Q3 2020, indicating potential challenges for economic growth [6] Company Earnings Reports - Shopify (SHOP) reported Q1 earnings of $0.25 per share, missing consensus by a penny, while revenues of $2.36 billion exceeded expectations by 1.32%, but shares fell by 7% [7] - ConocoPhillips (COP) surpassed earnings estimates with $2.09 per share and revenues of $17.1 billion, outperforming the previous year's $14.48 billion, leading to a 1.6% increase in shares [8] - Crocs (CROX) reported earnings of $3.00 per share, exceeding expectations by 19.5%, with revenues of $937.3 million slightly below year-ago levels, resulting in a 4.7% increase in shares [9]
Fortuna Reports Results for the First Quarter of 2025
Globenewswire· 2025-05-08 00:02
Financial Performance - The company reported a record free cash flow from operations of $111.3 million in Q1 2025, a 30% increase quarter over quarter [6][14] - Attributable net income from continuing operations was $61.7 million or $0.20 per share, a 131% increase compared to Q4 2024 [11][17] - Consolidated sales for Q1 2025 were $290.1 million, a 44% increase from $200.9 million in Q1 2024 [6][8] Cost Metrics - Consolidated cash cost per gold equivalent ounce from continuing operations was $929 in Q1 2025, up from $888 in Q4 2024 [8][15] - All-in sustaining costs (AISC) per gold equivalent ounce from continuing operations decreased to $1,640 in Q1 2025 from $1,690 in Q4 2024 [10][16] - The company achieved a free cash flow margin of 38% in Q1 2025, up from 31% in the previous quarter [6] Production and Operations - Gold equivalent production for Q1 2025 was 103,459 ounces, with a consolidated cash cost of $929 per ounce [6][8] - The Séguéla Mine produced 38,500 ounces of gold at an average grade of 2.76 g/t, a 12% increase in production compared to Q1 2024 [25][23] - The Yaramoko Mine produced 33,073 ounces of gold, with a cash cost of $1,059 per ounce, reflecting a 22% increase in tonnes milled [31][32] Strategic Developments - The company closed the sale of the San Jose Mine in Mexico and entered into a share purchase agreement to sell its interest in Roxgold Sanu SA, which is expected to provide $70 million in cash [6][14] - The divestment strategy aims to reallocate approximately $50 million in capital towards higher-value opportunities [6][7] Safety and Environmental Performance - The total recordable injury frequency rate (TRIFR) improved to 0.98 in Q1 2025 from 1.33 in Q4 2024, with zero lost time injuries reported [6][10] - Despite safety improvements, a fatal accident involving a subcontractor occurred at the Séguéla Mine in February [6]
Torex Gold Reports Q1 2025 Results
Newsfile· 2025-05-07 22:00
Core Viewpoint - Torex Gold Resources Inc. reported Q1 2025 results that align with expectations, highlighting significant milestones including the commencement of commercial production at the Media Luna project and a focus on returning to positive free cash flow generation [1][2][4]. Financial Performance - The company generated revenue of $170.0 million, with a record average realized gold price of $2,793 per ounce, despite lower sales volumes due to a four-week tie-in period at the processing plant [7][12]. - Reported net income was $39.0 million, or $0.45 per share, with adjusted net earnings of $35.9 million, or $0.42 per share [12][26]. - EBITDA for the quarter was $88.1 million, while adjusted EBITDA was $91.8 million [12][27]. Production and Costs - Gold equivalent payable production for the quarter was 59,630 ounces, with annual guidance maintained at 400,000 to 450,000 ounces [7][12]. - All-in sustaining costs were $1,405 per ounce sold, slightly above the guidance range of $1,400 to $1,600 per ounce [12][14]. - The company experienced a negative free cash flow of $133.3 million, attributed to lower sales volumes and capital expenditures of $123.5 million [12][28]. Project Updates - The Media Luna project achieved commercial production on April 26, 2025, following a successful tie-in period at the processing plant [2][4]. - The company invested $55.5 million in the Media Luna project during the quarter, with physical progress reported at approximately 98% [12][22]. Safety and Environmental Performance - The company recorded one lost-time injury during the quarter, resulting in a lost-time injury frequency of 0.59 per million hours worked [5][12]. - A comprehensive 'Next Level Safety' program has been initiated to maintain a fatality-free status in operations [5]. Exploration Activities - Ongoing drilling at Media Luna West and initial testing at Media Luna East have shown promising results, indicating exploration upside and potential resource expansion [8][12]. - The company plans to conduct approximately 125,000 meters of drilling in 2025, nearly double the amount drilled in 2024, to enhance production profiles and extend reserve life [8][12].
Ethan Allen Hit By Traffic Slowdown, Cuts 2025 Outlook
Benzinga· 2025-05-06 15:29
Ethan Allen Interiors Inc ETD reported a 2.5% decline in its fiscal third-quarter sales due to double-digit declines in order intake in January and February.The Ethan Allen Analyst: Telsey Advisory Group’s Cristina Fernández maintained a Market Perform rating, while reducing the price target from $32 to $30.The Ethan Allen Interiors Thesis: The 11% decline in the company's order intake in the latest quarter followed a 14% increase in the fiscal second quarter, Fernández said in the note.Check out other anal ...
Is Coca-Cola a Safe Dividend Stock to Buy Amid Macroeconomic Uncertainty?
The Motley Fool· 2025-05-02 09:15
Coca-Cola (KO -1.76%) is exercising its pricing power to offset the rising costs of goods after the increase in tariffs.*Stock prices used were the afternoon prices of April 29, 2025. The video was published on May 1, 2025. ...
Eldorado Gold Reports Solid First Quarter 2025 Financial and Operational Results; Skouries Progressing to Plan
Globenewswire· 2025-05-01 21:00
(All amounts expressed in U.S. dollars unless otherwise noted) VANCOUVER, British Columbia, May 01, 2025 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado”, "Eldorado Gold" or “the Company”) today reports the Company’s financial and operational results for the first quarter of 2025. For further information please see the Company’s Consolidated Financial Statements and Management’s Discussion and Analysis ("MD&A") filed on SEDAR+ at www.sedarplus.com under the Company’s profile. First Quarter 2025 Hig ...
Options Traders Pounce on eBay Stock on CFO News, Q2 Forecast
Schaeffers Investment Research· 2025-05-01 17:39
Group 1 - eBay Inc is experiencing unusual options activity with 18,000 calls and 15,000 puts traded, which is five times the average intraday volume [1] - The surge in options activity follows the announcement of CFO Steve Priest's resignation in May, with Peggy Alford from PayPal set to replace him, alongside better-than-expected revenue for Q1 and an optimistic Q2 forecast [2] - eBay's stock has a 10-day put/call volume ratio of 7.86, indicating a significant increase in put buying, ranking higher than 99% of readings from the past year [3] Group 2 - Despite positive news and bullish options flow, eBay's stock is trading lower, down 1% at $67.51 after briefly exceeding $70, pulling back from a year-to-date gain of over 10% [4] - The 126-day moving average near $65 is identified as a key support level, having contained multiple pullbacks throughout April [4]
First Commonwealth Financial(FCF) - 2025 Q1 - Earnings Call Transcript
2025-04-30 19:02
First Commonwealth Financial (FCF) Q1 2025 Earnings Call April 30, 2025 02:00 PM ET Company Participants Ryan Thomas - Vice President of Finance and Investor RelationsThomas Michael Price - President & CEOJames Reske - Executive VP, CFO & TreasurerDaniel Tamayo - Vice PresidentMike McCuen - EVP & Chief Lending OfficerJane Grebenc - EVP, CRO and President - First Commonwealth BankFrank Schiraldi - Managing DirectorKarl Shepard - Assistant Vice PresidentKelly Motta - Managing DirectorMatthew Breese - Managing ...
DSV, 1155 - INTERIM FINANCIAL REPORT Q1 2025
Globenewswire· 2025-04-30 05:36
Core Viewpoint - The company reported higher earnings in Q1 2025, driven by improved gross profit, particularly in the Air & Sea division, despite facing market uncertainties related to global trade [2][4][7]. Financial Performance - Revenue for Q1 2025 was DKK 41,680 million, an increase from DKK 38,340 million in Q1 2024 [3]. - Gross profit rose to DKK 10,991 million, up 6.2% from DKK 10,265 million in the previous year [3][4]. - Operating profit (EBIT) before special items increased by 4.8% to DKK 3,860 million compared to DKK 3,641 million in Q1 2024 [3][4]. - Profit for the period improved to DKK 2,812 million from DKK 2,393 million year-on-year [3]. - Adjusted earnings for the period were DKK 2,874 million, up from DKK 2,463 million [3]. - Adjusted free cash flow surged to DKK 3,165 million from DKK 443 million in Q1 2024 [3][7]. Segment Performance - The Air & Sea division reported a gross profit increase of 9.5%, with EBIT before special items growing by 10.6% compared to the same period last year [5][7]. - Sea freight volumes grew by 3% year-on-year, aligning with estimated market growth, while air freight volumes remained stable [5]. - The Road segment experienced lower EBIT before special items due to weaker market conditions and cost inflation, although earnings improved sequentially from Q4 2024 [6][7]. - Solutions segment saw a revenue growth of 4.9% and a gross profit increase of 6.7%, but EBIT before special items decreased by 6.3% due to higher costs [9]. Strategic Developments - The completion of the Schenker acquisition marks a significant milestone in the company's growth strategy, expected to enhance its position in the transport and logistics sector [2][7]. - Full-year 2025 guidance for EBIT before special items has been upgraded to DKK 19.5-21.5 billion, reflecting the anticipated contribution from Schenker [7][14]. - Annual synergies from the Schenker integration are estimated at DKK 9.0 billion by the end of 2028, with total transaction and integration costs expected to be around DKK 11.0 billion [12][14]. Outlook - The company will include Schenker in its consolidated results starting May 1, 2025, with an update on integration expected in the H1 interim financial report [10]. - The effective tax rate is projected to remain at approximately 24% [14].