Earnings
British bank Barclays posts 2024 pretax profit hike, launches £1 billion share buyback
Key Points British bank Barclays posted a rise in full-year pre-tax profit that came in just ahead of analyst expectations, while also launching a £1 billion share buyback. Pretax profit rose by 24% to £8.108 billion in 2024, just above analyst expectations of £8.081 billion, according to LSEG. Source
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Germany’s second-largest lender Commerzbank to cut 3,900 jobs as it unveils new targets
The logo of German bank Commerzbank seen on a branch office near the Commerzbank Tower in Frankfurt. Daniel Roland | Afp | Getty Images Germany’s second-largest lender Commerzbank on Thursday announced it will eliminate 3,900 full-time positions by 2028, largely in its native Germany, as it unveiled a spate of new strategic targets. The job […]
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AppLovin soars almost 30% on earnings, guidance beat
Adam Foroughi, CEO of AppLovin. CNBC AppLovin shares soared almost 30% in extended trading on Wednesday after the company reported earnings and revenue that sailed past analysts’ estimates and issued better-than-expected guidance. Here’s how the company performed compared with analysts’ expectations, according to LSEG: Earnings per share: $1.73 vs. $1.24 expected Revenue: $1.37 billion vs. […]
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Stocks making the biggest moves after hours: Reddit, Robinhood, Dutch Bros, MGM Resorts and more
Check out the companies making headlines in postmarket trading: Reddit — The social media platform slid 17% after Reddit’s user numbers fell short of Wall Street’s expectations. Daily active uniques averaged 101.7 million for the fourth quarter, reflecting growth of 39% year over year but missing analysts’ call for 103.1 million, per StreetAccount. Separately, Reddit […]
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Cisco pops on increased full-year revenue forecast
Cisco CEO Chuck Robbins speaking on CNBC’s “Squawk Box” outside the World Economic Forum in Davos, Switzerland, on Jan. 22, 2025. Gerry Miller | CNBC Cisco shares climbed about 6% in extended trading on Wednesday after the networking hardware maker reported fiscal second-quarter results and guidance that topped Wall Street’s expectations. Here’s how the company […]
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Stocks making the biggest moves premarket: CVS, Super Micro Computer, Meta Platforms and more
Check out the companies making headlines before the bell: CVS — Shares jumped more than 8% after the pharmacy operator reported fourth-quarter results that beat analysts’ expectations. The company earned an adjusted $1.19 per share on revenue of $97.71 billion. Analysts polled by LSEG expected a profit of 93 cents per share on revenue of […]
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Lyft shares sink 9% on underwhelming fourth-quarter results
Lyft shares shed more than 9% after the ride-sharing app reported lackluster fourth-quarter results and offered weak bookings guidance as it lowers prices to keep up with competition. The company reported revenues of $1.55 billion, versus the $1.56 billion expected by analysts polled by LSEG. Bookings, which measures the charges posed to customers for rides […]
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Restaurant Brands reports 2.5% same-store sales growth, fueled by Burger King and Popeyes
The Burger King logo is displayed at a Burger King fast food restaurant on January 17, 2024 in Burbank, California. Mario Tama | Getty Images Restaurant Brands International on Wednesday reported same-store sales growth of 2.5%, fueled by the better-than-expected performance from Burger King’s and Popeyes’ restaurants. Shares of the company rose roughly 3% in […]
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Biogen beats estimates on cost cuts and new drugs like Leqembi, but profit outlook falls short
A test tube is seen in front of displayed Biogen logo in this illustration taken on, December 1, 2021. Dado Ruvic | Reuters Biogen on Wednesday posted fourth-quarter revenue and profit that topped expectations as its cost cuts showed progress and new products, including its breakthrough Alzheimer’s treatment Leqembi, saw growth. But the biotech company’s […]
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CVS results top estimates even as high medical costs drag down insurance unit
An exterior view of a CVS pharmacy in Danville, Pennsylvania. Paul Weaver | Lightrocket | Getty Images CVS Health on Wednesday reported fourth-quarter revenue and profit that topped estimates, even as its troubled insurance business continued to see higher medical costs. The company also issued a full-year 2025 adjusted earnings outlook of $5.75 to $6 […]
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