British Airways owner's stock is flying high as strong demand for air travel boosts IAG profits
IAG, the owner of airlines including British Airways, Iberia and Aer Lingus, reported a 27% rise in annual operating profit to 4.4 billion euros.
IAG, the owner of airlines including British Airways, Iberia and Aer Lingus, reported a 27% rise in annual operating profit to 4.4 billion euros.
Global hedge funds sold more stocks than they bought by the largest amount in a year, mainly driven by their bets that stocks will drop, a Goldman Sachs note showed on Friday. Goldman Sachs said the gloomy sentiment was spread across all geographic regions, but mainly in North America and part of Asia, and was seen in almost all company sectors, except for communications services. In healthcare, net selling by hedge funds was entirely driven by short positions and ranked close to the highest level seen over the past five years.
Super Micro stock plunged 26% this week, extending the stock’s long streak of volatility as investors weigh the company’s AI-fueled growth against questionable accounting practices, growing competition, and larger economic uncertainties.
KPMG has been granted a license to practice law in the US by the Arizona Supreme Court in a first for a Big Four firm.
Shares of traffic solutions company Verra Mobility (NYSE:VRRM) fell 12.2% in the morning session after the company reported mixed fourth quarter 2024 results as its EBITDA forecast came in a little shy of expectations. Despite this, revenue increased 5% year-on-year, driven by strong demand in the Commercial Services and Government Solutions segments, with travel-related tolling activity and automated traffic enforcement programs contributing to the gains. However, the Parking Solutions segment
Shares of live sports and TV streaming service fuboTV (NYSE:FUBO) fell 22.2% in the morning session after the company reported weak fourth-quarter results, with next-quarter revenue guidance missing expectations and international subscriber numbers falling short of Wall Street's estimates. While revenue grew 8% year-on-year, this marked a slowdown from previous quarters due to weaker subscriber additions.
Shares of energy and renewable energy projects company Ameresco (NYSE:AMRC) fell 32.9% in the afternoon session after the company reported weak fourth quarter results: its full-year EBITDA and revenue guidance fell short of Wall Street's estimates. On the other hand, Ameresco blew past analysts' EBITDA and its EPS outperformed Wall Street's estimates. Still, this was a weaker quarter.
Shares of neighborhood social network Nextdoor (NYSE:KIND) fell 32.5% in the afternoon session after the company reported weak fourth-quarter 2024 results: its number of weekly active users fell short of expectations, and revenue and EBITDA guidance for the next quarter missed Wall Street estimates, signaling a tougher road ahead. Revenue guidance reflects a decline in ad impressions as Nextdoor prioritizes product transformation over immediate monetization, while EBITDA guidance suggests a retu
Shares of programmatic advertising platform Pubmatic (NASDAQ: PUBM) fell 24% in the morning session after the company reported weak fourth-quarter results: its revenue and EBITDA guidance for the next quarter fell short of Wall Street's estimates. On the other hand, PubMatic beat analysts' EPS and EBITDA expectations this quarter. We note that ad tech companies had weaker quarters in general, as both The Trade Desk and DoubleVerify missed on revenue and guided below for next quarter. PubMatic wa
Zelenskiy is "not ready for Peace if America is involved," U.S. President Donald Trump said in a post on Truth Social on Friday, following a contentious meeting between the leaders in the Oval Office. The S&P 500 briefly dipped then rallied back to close 1.5% higher at 5,954.50.