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Progressive Corp. Reports January Profit Of $701 Mln
Insurer Progressive Corp. (PGR) reported that January 2024 net income was $700.7 million or $1.18 per share and net premiums written for the month were $5.50 billion and net premiums earned were $5.39 billion.
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Před 556 dny
Eurozone GDP Flatlines As Estimated
The euro area economy came to a standstill at the end of 2023 as initially estimated, but with nil growth the single currency bloc managed to escape a technical recession.
Gross domestic product posted nil growth in the fourth quarter after shrinking 0.1 percent in the preceding period, the flash estimate from Eurostat showed Wednesday.
At the same time, GDP gained 0.1 percent.
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Před 556 dny
UK's Stable Inflation Raises Hopes Of Rate Cut
UK consumer price inflation remained stable unexpectedly in January raising hopes of an interest rate cut from the Bank of England as early as June. Data from the Office for National Statistics published on Wednesday revealed that the consumer price index, or CPI, advanced 4.0 percent on a yearly basis, the same rate as seen in December. Inflation was forecast to climb to 4.1 percent.
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Před 556 dny
Ball Corp. Receives All Regulatory Approvals And Clearances To Close Sale Of Ball Aerospace To BAE
Ball Corp. (BALL), the producer of sustainable aluminum packaging, announced Wednesday that the U.S. Department of Justice has ended its review, and allowed its review period to expire, under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 with respect to the announced sale of Ball's aerospace business to BAE Systems, Inc. for approximately $5.6 billion in cash proceeds.
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Před 556 dny
Healthcare Services Group Q4 Results Top Estimates; Guides Q1 Revenues In Line
Healthcare Services Group, Inc. (HCSG) reported Wednesday that fourth-quarter net income increased to $22.60 million or $0.31 per share from $16.16 million or $0.22 per share in the prior-year quarter.
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Před 556 dny
IQVIA Holdings Guides FY24 In Line With Estimates - Update
While reporting financial results for the fourth quarter on Wednesday, life sciences services company IQVIA Holdings Inc. (IQV) initiated its adjusted earnings and revenue guidance for the full-year 2024, in line with analysts' estimates.
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Před 556 dny
Ryder System Guides FY24 Adj. EPS In Line With Estimates - Update
While reporting financial results for the fourth quarter on Wednesday, Ryder System, Inc. (R) initiated its earnings, comparable earnings and revenue growth guidance for the full-year 2024. The company also provided financial outlook for the first quarter.
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Před 556 dny
more news
Canadian Stocks May Edge Higher On Bargain Hunting
Canadian shares may open higher Wednesday morning, as some bargain hunting is likely at several counters after the sharp setback in the previous session. Still, with the possibility of an early rate cut by the Fed taking a hit after the latest inflation data, the market's upside is likely to be somewhat limited.
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Před 556 dny
Sonic Automotive Q4 Results Miss Estimates
Automotive retailer Sonic Automotive, Inc. (SAH) reported Wednesday net income for the fourth quarter of $38.7 million or $1.11 per share, compared to a net loss of $190.90 million or $5.22 per share in the prior-year quarter.
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Před 556 dny
Taylor Morrison Home Q4 Results Top Estimates
Taylor Morrison Home Corp. (TMHC) reported Wednesday that net income for the fourth quarter plunged to $172.59 million or $1.58 per share from $275.33 million or $2.51 per share in the prior-year quarter.
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Před 556 dny
Sensex, Nifty Recover From Early Slide; Tech And Pharma Stocks Underperform
Indian shares ended modestly higher on Wednesday, revering from an early slide.
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Před 556 dny
Thyssenkrupp Stock Down On Q1 Loss, FY24 Warning; To Cut 2,370 Jobs
Shares of thyssenKrupp AG were losing around 9 percent in the morning trading on Germany's XETRA after the industrial engineering and steel company reported Wednesday a net loss in its first quarter, compared to prior year's profit as sales and order intake were lower as expected due to market effects. The company also trimmed its earnings and sales forecast for fiscal 2024 on weak demand.
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Před 556 dny
European Shares Inch Higher As UK Inflation Unexpectedly Holds Steady
European stocks were flat to slightly higher on Wednesday as investors digested mixed earnings updates and weaker-than-expected U.K. inflation data.
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Před 556 dny
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