Global airline American Airlines (NASDAQ:AAL) announced better-than-expected revenue in Q4 CY2024, with sales up 4.6% year on year to $13.66 billion. Its non-GAAP profit of $0.86 per share was 30.1% above analysts’ consensus estimates.
Ongoing presidential backing for digital assets is a key determinant for the continuation of 'crypto's golden era,' the report said.
Commercial lighting and retail display solutions provider LSI (NASDAQ:LYTS) reported Q4 CY2024 results beating Wall Street’s revenue expectations, with sales up 35.5% year on year to $147.7 million. Its non-GAAP profit of $0.26 per share was 30% above analysts’ consensus estimates.
Electronic Arts shares are tumbling in premarket trading Thursday, a day after slumping demand for its EA SPORTS FC 25 video game prompted the company to cut its outlook.
Industrial conglomerate General Electric (NYSE:GE) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 27.2% year on year to $10.81 billion. Its non-GAAP profit of $1.32 per share was 26.9% above analysts’ consensus estimates.
Shares of GE Aerospace surged Thursday morning after the company reported fourth-quarter results far above analysts' estimates.
Wednesday's tech-led jump in U.S. equity indexes, infused by Trump's plan to boost investment in artificial intelligence and impressive Netflix results, saw the S&P500 clock a new intraday record and volatility gauges subside to the lowest of the year so far. Benign inflation readings from the United States, Canada and Europe have helped and, at 46 basis points, the estimated "term premium" embedded in 10-year Treasuries has slipped back to its smallest of the year. Also helping has been the retreat in U.S. crude oil prices to two-week lows, in part due to Trump's pro-drilling push.
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“Bitcoin bonds” offer insurers a less risky way to purchase cryptocurrency.
Nissan Motor plans to procure batteries for electric vehicles sold in the U.S. from South Korea's SK On from around 2028 onwards, the Nikkei newspaper said on Thursday, as the troubled Japanese automaker looks to ramp up its EV business as part of a planned turnaround. Separately, a Nissan executive said the automaker was considering plans to produce compact EVs at its plant on Japan's southern island Kyushu, confirming a 2024 Reuters report. Nissan, which is in talks to merge with Honda Motor, has been seeking to slash 9,000 jobs and 20% of its global manufacturing capacity in a turnaround plan laid out last year.
