Synchrony Financial reported a fourth-quarter profit of $1.91 per share, slightly missing the FactSet consensus estimate of $1.93. Despite this narrow miss, analysts polled by LSEG had anticipated $1.89 per share and $43.93 billion in revenue, setting a challenging target for the consumer financial services company. Consequently, Synchrony's shares fell 4.6% as investors reacted to the earnings report.
Victoria's Secret experienced a positive shift after Barclays upgraded its rating to overweight from neutral. This upgrade led to a 1.5% rise in the company's shares, reflecting investor confidence in the retail giant's potential growth and market positioning.
JetBlue Airways provided guidance that suggested rising costs, excluding fuel, estimating unit costs could increase as much as 7% year over year by 2025 and 10% year over year for the first quarter. This forecast could imply potential challenges for the airline as it navigates operating expenses in the coming years.
Bitdeer, involved in bitcoin mining and AI data center operations, saw its shares gain approximately 7.3% following successful sales of bitcoin rigs. The surge highlights growing interest and investment in cryptocurrency-related stocks.
Lockheed Martin faced a significant setback, with shares dropping around 9.2% after the company issued disappointing forward guidance and top-line results. The aerospace and defense giant reported an adjusted loss of $5.90 per share, falling short of analysts' expectations of a $3 loss as polled by LSEG. Additionally, Lockheed's fourth-quarter revenue stood at $15.24 billion, underperforming against projections of $16.21 billion.
Boeing's shares advanced 1.5% following statements from CEO Kelly Ortberg regarding the company's recovery efforts. Ortberg emphasized progress in stabilizing production, which reassured investors about Boeing's future trajectory.
General Motors reported earnings of $1.92 per share, excluding items, on revenue of $47.70 billion. Despite these better-than-expected results, GM's shares tumbled 8.9%, indicating investor concerns about external factors influencing the automaker's performance.
RTX Corporation enjoyed a 2.6% climb after delivering strong fourth-quarter results that surpassed market expectations. The company anticipates increased demand to drive "another great year," providing an optimistic outlook for RTX's future performance.
Royal Caribbean emerged as a standout performer, with shares spiking 12% higher following an earnings beat and optimistic first-quarter and full-year guidance. The cruise line operator's robust performance underscores the resilience of the travel and tourism sector amid ongoing recovery efforts.
Leave a Reply