Author: omc_admin
Financial services provider CBIZ (NYSE:CBZ) fell short of the market’s revenue expectations in Q1 CY2025, but sales rose 69.5% year on year to $838 million. The company’s full-year revenue guidance of $2.88 billion at the midpoint came in 1.6% below analysts’ estimates. Its non-GAAP profit of $2.29 per share was 8.7% above analysts’ consensus estimates. Is now the time to buy CBZ? Find out in our full research report (it’s free). Revenue: $838 million vs analyst estimates of $860.2 million (69.5% year-on-year growth, 2.6% miss) Adjusted EPS: $2.29 vs analyst estimates of $2.11 (8.7% beat) Adjusted EBITDA: $237.6 million vs…
Saudi Arabia’s state-owned oil giant Aramco posted first-quarter profits of $26 billion (€23.4bn) on Sunday, down 4.6% from the prior year as falling global oil prices undermine the kingdom’s multi-trillion-dollar development plans. Aramco, formally known as the Saudi Arabian Oil Co., had revenues of $108.1bn (€97.4bn) over the quarter, the company reported in a filing on Riyadh’s Tadawul stock exchange. The company saw $107.2bn (€96.5bn) in revenues and profits of $27.2bn (€24.5bn) the same quarter last year. Saudi Arabia has promised to invest $600bn (€540.2bn) in the US over the course of President Donald Trump’s term. Trump, who is set…
IT services provider ASGN (NYSE:ASGN) beat Wall Street’s revenue expectations in Q1 CY2025, but sales fell by 7.7% year on year to $968.3 million. Guidance for next quarter’s revenue was better than expected at $1 billion at the midpoint, 0.5% above analysts’ estimates. Its non-GAAP profit of $0.92 per share was 2.8% below analysts’ consensus estimates. Is now the time to buy ASGN? Find out in our full research report (it’s free). Revenue: $968.3 million vs analyst estimates of $962.3 million (7.7% year-on-year decline, 0.6% beat) Adjusted EPS: $0.92 vs analyst expectations of $0.95 (2.8% miss) Adjusted EBITDA: $93.6 million…
(Bloomberg) — Traders lowered their bets on the Federal Reserve’s interest-rate cuts this year, pricing in just two reductions for 2025 after the US and China agreed to cut tariffs and moderate their trade war. Most Read from Bloomberg Swaps that track upcoming central bank meetings showed just 56 basis points of easing by December, down from near 75 basis points last week. Traders still see the first quarter-point cut in September. The policy-sensitive two-year yield rose as much as 12 basis points Monday to back above 4%, and was trading around that level late in New York, as traders…