Sales: Increased 1% year over year to $940 million. Operating Margin: Improved by 80 basis points over 2024. Adjusted EPS: $0.99, up approximately 8% versus prior year. Mobile Solutions Sales: $583 million, roughly flat with prior year. Industrial Solutions Sales: Rose 5% to $283 million. Aerospace and Defense Sales: Reached a record $52 million. Life
Net Revenue: $185.8 million, compared to $188.3 million in the prior year quarter; $193 million on a constant currency basis. Adjusted Net Revenue: $206 million, excluding strategic decisions impacting revenue. Gross Margin: Increased by 200 basis points to 28% from 26% in the prior year quarter. Net Loss: $793.5 million, primarily due to a $700
(Bloomberg) — US Treasuries consolidated gains in a choppy trading session with markets remaining confident that policymakers at the Federal Reserve are still on a path toward lower interest rates. Most Read from Bloomberg The advance on Thursday briefly pushed yields on five-year notes below 4% for the first time since mid-March, with action in
The biggest bull run in China’s bond market in a decade has faltered, as the central bank’s delay in easing monetary policy weighed on investors’ confidence about liquidity in the economy, while a re-rating of the stock market sapped demand for debt. The yield on the benchmark 10-year government bond has been driven up to
Earnings Per Share (EPS): $1.28 per diluted share for Q4 2024, compared to $1.32 in the previous quarter and $1.16 in Q4 2023. Adjusted Return on Assets: 1.31% for Q4 2024. Pre-Provision Return on Assets: 1.80% for Q4 2024. Net Interest Margin: Remained above 4% and was essentially flat compared to the previous quarter. Loan
(Bloomberg) — Stocks rallied across the board and bond yields tumbled, with Jerome Powell giving its clearest signal yet that the Federal Reserve will begin cutting interest rates in September. Most Read from Bloomberg While Wall Street had already priced in the start of policy easing next month, Powell’s comments that the “time has come”
(Bloomberg) — Bond yields fell as a big downward revision of US payrolls reinforced bets the Federal Reserve will cut rates in September. Most Read from Bloomberg Treasuries rose across the curve, with the move led by shorter maturities. Swap traders are pricing in about 100 basis points worth of easing in 2024. The implied
(Bloomberg) — A flurry of data spurring optimism that America will avoid a recession has put US stocks on course for their strongest week of the year. Most Read from Bloomberg The latest readings, from inflation to jobless claims and retail sales, have reassured investors and supported hopes that the world’s biggest economy is heading
(Bloomberg) — Stocks in Asia rallied on bets that the upcoming US consumer price report will allow the Federal Reserve to start easing in September. The New Zealand dollar slumped following a surprise rate cut by the country’s central bank. Most Read from Bloomberg The MSCI Asia Pacific Index climbed for a fourth session, with