Category: guidance
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Deliveroo raises profit guidance on back of surging orders
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Relationships with retailers such as B&Q, Screwfix and Ann Summers have helped Deliveroo raise its profit forecasts, after the food delivery group recorded a strong rise in orders. The FTSE 250 company, which debuted on the London Stock Exchange in 2021, told shareholders that adjusted underlying profits for the year…
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Freelancers warned of hefty tax bills as HMRC issues new guidance on managed service companies
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HM Revenue & Customs (HMRC) has issued new guidance warning freelancers, contractors and consultants about the risks associated with managed services companies (MSCs) – complex tax arrangements that can leave freelancers facing tax bills of up to tens of thousands of pounds. The MSC legislation, introduced in 2007, aims to…
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Wix soars on strong Q3 results, raises guidance
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Israeli website building platform company WEX.COM LIMITED. (Nasdaq: Weeks) reported revenue of $445 million in the third quarter of 2024, up 12.9% from the corresponding quarter in 2023, and non-GAAP net earnings of $89.3 million ($1.50 per share), up 37% from the quarter. The opposite. GAAP net income was $26.8…
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Monday.com plunges despite beating analysts, raising guidance
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Tel Aviv-based Monday.com’s (Nasdaq: MNDY) stock price fell about 20% after the company released third-quarter results today, even though it beat market estimates and raised its annual guidance. The stock price has since recovered somewhat, and is currently down about 15.5% to $274.13, giving the company a market value of…
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GE Vernova rallies after profitability update, affirming full-year guidance (NYSE:GEV)
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Monte Racusin/Digital Vision via Getty Images GE Vernova (NYSE:GEV) +2.4% In Thursday trading, the stock hit an all-time daily high, reversing an early 4.5% decline after it cut guidance for third-quarter earnings, but Reaffirms its full-year forecast. GE Vernova (GEV) said it still expects to deliver strong organic revenue in…
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PNC Financial stock rises after CEO comments on Q3 NII guidance (NYSE:PNC)
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sharrocks/iStock Not published via Getty Images PNC Financial Services Group (NYSE:PNC) Stock I got 3% In afternoon trading Monday, Chairman and Chief Executive William S. Demchak projected the bank would generate net interest income in the third quarter at the high end of the 1% to 2% growth target it…
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Autodesk rises as Baird praises Q2 results, guidance (ADSK)
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JHVEphoto Autodesk (NASDAQ:ADSK) stocks Up 2% Friday after the architectural software company reported second-quarter results and guidance that investment firm Baird viewed as positive. “FY25 forecasts are on the upside, with greater contribution from the new transaction model (which includes updates to “Billings/revenues were largely in line with our expectations,”…
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US stocks gain after healthy growth data; Nvidia’s guidance disappoints By Investing.com
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U.S. stocks rose on Thursday after stronger-than-expected growth data eased concerns about a sharp slowdown in the U.S. economy. At 09:40 ET (13:40 GMT), the S&P 500 was up about 100 points, or 0.2%, gaining 17 points, or 0.3%, and up 135 points, or 0.8%. GDP growth eases hard landing…
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Kohl’s beats earnings estimates, raises EPS guidance; shares rise By Investing.com
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Kohl’s (NYSE:) reported better-than-expected second-quarter earnings on Thursday, despite a drop in sales, and raised its full-year earnings outlook. The retailer’s shares rose more than 3% on the news. The department store chain reported adjusted earnings per share of $0.59 for the quarter ended Aug. 3, 2024, beating analysts’ estimates…
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Maytronics slumps further as guidance cut, CFO leaving
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Israeli company to manufacture swimming pool cleaning robots Maytornix Co., Ltd. (level:MTRN) continues to disappoint investors on the Tel Aviv Stock Exchange (TASE) by reporting another quarter of disappointing results, and cutting guidance for the second straight quarter. As a result, the company’s share price is currently down 20%, giving…
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ZIM jumps sharply after raising guidance
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ZIM INTEGRATED SHIPPING SERVICES CO., LTD. ZIM (NYSE: ZIM) surprised investors today by significantly raising its annual outlook and beating expectations for the second quarter. The stock opened 14.32% higher on Wall Street, giving it a market cap of $2.622 billion. The Israeli shipping company reported revenue of $1.9 billion…
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Wix reports strong Q2 performance, raises guidance
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Israeli website building platform company Wix.com Limited (NASDAQ: Wix) reported strong second-quarter results while higher demand for its enhanced products builds positive momentum for the second half of 2024 and the company raised its guidance accordingly. Wix allows customers to create and manage websites and online stores on its platform.…
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Wix reports strong Q2 performance, raises guidance
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Israeli website building platform company Wix.com Limited (NASDAQ: Wix) reported strong second-quarter results while higher demand for its enhanced products builds positive momentum for the second half of 2024 and the company raised its guidance accordingly. Wix allows customers to create and manage websites and online stores on its platform.…
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agilon health reports growth in Q2, adjusts full-year guidance By Investing.com
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During the second quarter earnings call, agilon health (AGL) CEO Steve Sell provided an update on the company’s performance and strategic initiatives. agilon health reported substantial growth in its Medicare Advantage membership and revenues, while also announcing adjustments to its full-year guidance. The company is experiencing a significant increase in…
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ZoomInfo stock falls 16% on weak guidance, CFO transition; Analysts downgrade By Investing.com
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ZoomInfo shares fell 10% in after-hours trading Tuesday after the company reported second-quarter earnings that missed analysts’ expectations and gave weaker-than-expected guidance. The product launch services company also announced a leadership change in its finance department. ZoomInfo reported adjusted earnings per share of $0.17 for the second quarter, missing analysts’…
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Mobileye slumps after cutting 2024 guidance
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Israeli Advanced Driving Assistance Systems (ADAS) stock price Mobily International Company (Nasdaq: MBLY) is trading sharply lower in premarket trading on Wall Street after disappointing the market with a lowered outlook. The company, led by CEO and co-founder Amon Shashua, expects annual revenue of $1.6 billion to $1.68 billion, down…
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Veralto Corporation reports robust Q2 growth, raises EPS guidance By Investing.com
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Veralto Corporation, in its Second Quarter 2024 Earnings Call, reported a strong financial performance with net sales of $1.29 billion and a 3.8% core sales growth. The company raised its full-year adjusted earnings per share (EPS) guidance, reflecting confidence in its end markets and strong execution. Veralto highlighted its growth…
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Veralto Corporation reports robust Q2 growth, raises EPS guidance By Investing.com
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Veralto Corporation, in its Second Quarter 2024 Earnings Call, reported a strong financial performance with net sales of $1.29 billion and a 3.8% core sales growth. The company raised its full-year adjusted earnings per share (EPS) guidance, reflecting confidence in its end markets and strong execution. Veralto highlighted its growth…