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  • Feb 20, 2025

US labor market stable, disruptions feared from federal government layoffs

The number of Americans filing new applications for unemployment benefits increased moderately last week, suggesting that the labor market remained on solid ground in February. There were no signs yet in the report from the Labor Department on Thursday of the mass layoffs of federal government workers and deep spending cuts being pursued by Republican President Donald Trump's administration. Economists, who expect a spillover to the private sector, said it was too early for the negative effects to be felt in the broader economy.

  • Feb 20, 2025

Sabre (NASDAQ:SABR) Posts Q4 Sales In Line With Estimates

Travel technology company Sabre (NASDAQ:SABR) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 4% year on year to $714.7 million. Its non-GAAP loss of $0.08 per share was 22% above analysts’ consensus estimates.

  • Feb 20, 2025

Unity’s (NYSE:U) Q4: Beats On Revenue But Stock Drops

Game engine maker Unity (NYSE:U) reported Q4 CY2024 results beating Wall Street’s revenue expectations, but sales fell by 25% year on year to $457.1 million. On the other hand, next quarter’s revenue guidance of $410 million was less impressive, coming in 5.6% below analysts’ estimates. Its GAAP loss of $0.30 per share was 18.6% above analysts’ consensus estimates.

  • Feb 20, 2025

Shyft (NASDAQ:SHYF) Misses Q4 Sales Targets

Vehicle manufacturer Shyft (NASDAQ:SHYF) fell short of the market’s revenue expectations in Q4 CY2024, with sales flat year on year at $201.4 million. On the other hand, the company’s outlook for the full year was close to analysts’ estimates with revenue guided to $920 million at the midpoint. Its non-GAAP profit of $0.15 per share was 18.4% above analysts’ consensus estimates.

  • Feb 20, 2025

Walmart-backed PhonePe prepares for Indian stock market debut

Walmart-backed Indian fintech firm PhonePe is beginning preparatory steps for a public listing on the country's stock exchanges, the company said on Thursday. "PhonePe's strong top-line and bottom-line growth across its diverse business portfolio, as detailed in its FY23-24 annual report, makes this a suitable time to prepare for a public listing," the company said in a statement. The Indian stock market saw a significant upswing for much of 2024, with many companies launching their IPOs, but a downturn since October has weighed on investor sentiment.

  • Feb 20, 2025

Leonardo DRS (NASDAQ:DRS) Posts Better-Than-Expected Sales In Q4, Full-Year Sales Guidance is Optimistic

Aerospace and defense company Leonardo DRS (NASDAQ:DRS) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 5.9% year on year to $981 million. The company’s full-year revenue guidance of $3.48 billion at the midpoint came in 1.6% above analysts’ estimates. Its non-GAAP profit of $0.38 per share was 7.6% above analysts’ consensus estimates.

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