News

S&P Global forecasts annual profit above estimates on strong demand for its offerings

S&P Global on Tuesday forecast 2025 adjusted earnings per share above Wall Street estimates, as the financial information company anticipated increasing demand for its data and analytics offerings amid macroeconomic uncertainty. Demand for market analytical tools has risen as investors try to capture alpha in a post-U.S. election market rally over anticipation of deregulation and tax cuts under the Trump administration. The New York-based company, which is the largest credit ratings agency in the U.S., also announced a $650 million accelerated share repurchase program.

IPG Photonics’s (NASDAQ:IPGP) Q4 Sales Top Estimates But Quarterly Revenue Guidance Significantly Misses Expectations

Fiber laser manufacturer IPG Photonics (NASDAQ:IPGP) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, but sales fell by 21.6% year on year to $234.3 million. On the other hand, next quarter’s revenue guidance of $225 million was less impressive, coming in 3.8% below analysts’ estimates. Its GAAP profit of $0.18 per share was 11.3% below analysts’ consensus estimates.

Shopify (NYSE:SHOP) Surprises With Q4 Sales But Stock Drops

E-commerce software platform Shopify (NYSE:SHOP) announced better-than-expected revenue in Q4 CY2024, with sales up 31.2% year on year to $2.81 billion. The company expects next quarter’s revenue to be around $2.33 billion, close to analysts’ estimates. Its GAAP profit of $0.99 per share was significantly above analysts’ consensus estimates.