Estée Lauder Stock Dives on Surprise Loss, Job Cuts as Sales Decline
Estée Lauder shares tumbled 17% Tuesday after the cosmetics giant reported a surprise loss and warned about current-quarter results as sales declined.
US job openings fall to 7.6 million in December, suggesting the job market is slowing but healthy
U.S. job openings fell in December, a sign that the labor market is cooling but still healthy. Openings fell to 7.6 million, from 8.2 million in November, the Labor Department reported Tuesday. The number of layoffs fell, suggesting that Americans enjoy unusual job security.
Merck Stock Slumps as Q4 Profits, 2025 Forecast Fall Short
Merck shares tumbled Tuesday morning after the drugmaker's soft outlook outweighed fourth-quarter revenue and adjusted profits topping expectations.
Trump crying wolf over tariffs has already convinced Wall Street that threats will be short-lived
An eleventh-hour deal achieved President Trump's political aims, but Wall Street remains concerned that tariffs will become a permanent threat in negotiations.
FOX (NASDAQ:FOXA) Reports Upbeat Q4
Cable news and media network Fox (NASDAQ:FOXA) reported Q4 CY2024 results beating Wall Street’s revenue expectations, with sales up 19.9% year on year to $5.08 billion. Its non-GAAP profit of $0.96 per share was 50.2% above analysts’ consensus estimates.
Spotify Stock Jumps as Streaming Giant Hits First Full Year of Profitability
Spotify shares are jumping almost 10% in premarket trading Tuesday, after the Swedish audio streaming giant posted its first full-year profit and quarterly revenue that beat estimates.
5 Things to Know Before the Stock Market Opens
News of the day for Feb. 4, 2025
Lancaster Colony’s (NASDAQ:LANC) Q4 Sales Beat Estimates
Specialty food company Lancaster Colony (NASDAQ:LANC) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 4.8% year on year to $509.3 million. Its GAAP profit of $1.78 per share was 8.2% below analysts’ consensus estimates.
Premier (NASDAQ:PINC) Reports Sales Below Analyst Estimates In Q4 Earnings
Healthcare tech company Premier (NASDAQ:PINC) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 28.2% year on year to $240.3 million. The company’s full-year revenue guidance of $975 million at the midpoint came in 1.6% below analysts’ estimates. Its non-GAAP profit of $0.25 per share was 16% below analysts’ consensus estimates.
Merck’s (NYSE:MRK) Q4 Sales Top Estimates But Stock Drops
Global pharmaceutical company Merck (NYSE:MRK) reported Q4 CY2024 results beating Wall Street’s revenue expectations, with sales up 6.8% year on year to $15.62 billion. On the other hand, the company’s full-year revenue guidance of $64.85 billion at the midpoint came in 3.7% below analysts’ estimates. Its non-GAAP profit of $1.72 per share was 2.4% above analysts’ consensus estimates.