News

Shares of shoe maker Skechers slumped 12% in premarket trading Friday following a disappointing outlook and the CEO's comments on the potential impact of tariffs.

News of the day for Feb. 7, 2025

Amazon's light guidance overshadows an otherwise solid quarter.

Expedia also approved the reinstatement of a quarterly cash dividend after suspending it in the second quarter of 2020 due to the uncertainty amid the COVID-19 pandemic. Excluding items, Seattle-based Expedia posted quarterly earnings per share of $2.39, higher than average analyst estimate of $2.04, as per data compiled by LSEG. "Travel demand remained healthy in Q4 despite price increases... Like last quarter, international demand was stronger than in the US," said Expedia CEO Ariane Gorin on the company's post-earnings conference call.

Civil infrastructure company Construction Partners (NASDAQ:ROAD) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 41.6% year on year to $561.6 million. The company’s full-year revenue guidance of $2.7 billion at the midpoint came in 5.9% above analysts’ estimates. Its non-GAAP profit of $0.25 per share was 68.5% above analysts’ consensus estimates.

E.l.f. Beauty shares are sinking in premarket trading, a day after the cosmetics retailer lowered its outlook for its fiscal full year following soft sales in January.

(Bloomberg) -- Bank of America Corp. strategists expect US stock-market outperformance to continue to fade after a relentless run was halted in the early part of 2025.Most Read from BloombergCitadel to Leave Namesake Chicago Tower as Employees RelocateNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeNYC Sees Pedestrian Traffic Increase in Congestion-Pricing ZoneHow London’s Taxi Drivers Navigate the City Without GPSTransportation Memos Favor Places With Higher Birth and Marria