Biotech company Biogen (NASDAQ:BIIB) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 2.9% year on year to $2.45 billion. Its non-GAAP profit of $3.44 per share was 2.3% above analysts’ consensus estimates.
BDIC outlined plans for expansion into South East Asia by Q4 2025, with the aim of offering wider Asia-Pacific coverage by 2026.
Automotive retailer Lithia Motors (NYSE:LAD) announced better-than-expected revenue in Q4 CY2024, with sales up 20.2% year on year to $9.22 billion. Its non-GAAP profit of $7.79 per share was 8.2% above analysts’ consensus estimates.
In the past five- and 10-year periods, the world's top digital asset has rocketed 840% and 44,020% higher, respectively, even though it trades about 12% below its peak of $109,000 reached in late January (as of Feb. 11). Here's why those who believe a $200,000 price target is likely in 2025 might be wrong.
Packaged foods company Kraft Heinz (NASDAQ:KHC) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 4.1% year on year to $6.58 billion. Its non-GAAP profit of $0.84 per share was 7.8% above analysts’ consensus estimates.
Some traders expect a dollar unwind on any indications of a rate cut — which could bump risk assets and provide an entry for crypto investors looking to bet on higher prices.
Diner restaurant chain Denny’s (NASDAQ:DENN) fell short of the market’s revenue expectations in Q4 CY2024, with sales flat year on year at $114.7 million. Its non-GAAP profit of $0.14 per share was 8.6% below analysts’ consensus estimates.
(Bloomberg) -- Traders who have been piling into wagers for higher US yields ever since last week’s jobs report will see their convictions tested with the latest inflation readings. Most Read from BloombergSaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterWhy American Mobility Ground to a HaltThe Forgotten French Architect Who Rebuilt MarseilleIn New Orleans, an Aging Dome Tries to Stay SuperTreasury yields remained higher on Wednesday after steadily climbing in the wake of data Friday
While Bank of America CEO Brian Moynihan called the recent regulatory shift “classic re-engineering,” one peer exec said the changes “are taking all the oxygen in the room.”
The final inflation report covering the Biden administration is expected to show President Donald Trump inheriting an unfavorable inflation situation.
