News

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.

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.

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.”

Diversified healthcare company CVS Health (NYSE:CVS) announced better-than-expected revenue in Q4 CY2024, with sales up 4.2% year on year to $97.71 billion. Its non-GAAP profit of $1.19 per share was 29.6% above analysts’ consensus estimates.

Restaurant Brands International reported better-than-expected fourth-quarter results Wednesday, sending shares higher in premarket trading.

Rail equipment company Westinghouse Air Brake Technologies (NYSE:WAB) fell short of the market’s revenue expectations in Q4 CY2024 as sales rose 2.3% year on year to $2.58 billion. The company’s full-year revenue guidance of $10.88 billion at the midpoint came in 1.5% below analysts’ estimates. Its non-GAAP profit of $1.68 per share was 3% below analysts’ consensus estimates.

Shares of CVS Health surged Wednesday morning after the health insurance and pharmacy giant reported better-than-expected fourth-quarter results.