Terex press release ( TEX ): Q4 Non-GAAP EPS of $1.12 beats by $0.01 . Revenue of $1.3B (+8.3% Y/Y) in-line. Bookings of $1.9 billion grew 32% year-over-year on a pro forma 13 basis, including growth in all three segments, reflects a book-to-bill of 145%. Q4 bookings of $1.9 billion up 32% YOY 2026 Outlook: Sales of $7.5 billion to $8.1 billion (vs. consensus of $5.57B) and EBITDA of $930 million ...
Terex press release ( TEX ): Q4 Non-GAAP EPS of $1.12 beats by $0.01 . Revenue of $1.3B (+8.3% Y/Y) in-line. Bookings of $1.9 billion grew 32% year-over-year on a pro forma 13 basis, including growth in all three segments, reflects a book-to-bill of 145%. Q4 bookings of $1.9 billion up 32% YOY 2026 Outlook: Sales of $7.5 billion to $8.1 billion (vs. consensus of $5.57B) and EBITDA of $930 million to $1 billion, up $100 million or 12% YOY on a pro forma 13 basis with a 12.4% EBITDA margin at the midpoint More on Terex Seeking Alpha’s Quant Rating on Terex Historical earnings data for Terex Dividend scorecard for Terex Financial information for Terex
Citigroup Inc. thinks it’s too early to sell the pound now, instead targeting a weaker currency in the second quarter when it sees a ramp up in political risks coinciding with interest-rate cuts for a “double whammy” blow. These are already the main reasons to sell sterling, said Citigroup strategist Daniel Tobon . While markets have gotten “some sprinklings of these two risks” in the past week, h...
Citigroup Inc. thinks it’s too early to sell the pound now, instead targeting a weaker currency in the second quarter when it sees a ramp up in political risks coinciding with interest-rate cuts for a “double whammy” blow. These are already the main reasons to sell sterling, said Citigroup strategist Daniel Tobon . While markets have gotten “some sprinklings of these two risks” in the past week, he anticipates the time to bet significantly will come in the lead up to local elections in early May. That’s when more pressure could be heaped on UK Prime Minister Keir Starmer , with polls forecasting a bad showing and his position already under threat . The BOE is also expected to cut rates again in coming months after a surprisingly tight vote to hold them steady last week. “April and May are when these themes will converge, and you’re going to get a much bigger sterling reaction,” Tobon said. “That’s what we want to be in for. It feels a little early right now to really be playing these scenarios in earnest.” The pound has bounced back against the dollar and recovered some ground versus the euro this week after taking a hit when top members of Starmer’s team resigned. With much of its gain this year related to weakness in the greenback, many strategists see the euro-sterling pair as the best way to express UK risks. Tobon sees the pound falling to 88 pence per euro by the end of June, and extending its slide to 90 pence by the end of September, versus around 87 pence currently . That’s more bearish than a median call for 88 pence by strategists in a Bloomberg poll . Options suggest a pick-up in euro-pound selling from March onwards, when the BOE is seen delivering a rate cut. Tobon anticipates the next move in April and then further policymaker action in July and November, more than current market pricing. By then, though, any fallout from the election will be known. “It’s just in the weeks leading into that event, that things could get a little volatile,” he said.
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. Today's guests: Nannette Hechler Fayd'herbe, Lombard Odier, EMEA CIO; Francisco Blanch, Bank of America, Head of Global Commodities & D...
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. Today's guests: Nannette Hechler Fayd'herbe, Lombard Odier, EMEA CIO; Francisco Blanch, Bank of America, Head of Global Commodities & Derivatives Research (Source: Bloomberg)
Blackstone Mortgage Trust press release ( BXMT ): Q4 Distributable EPS priorto charge-offs of $0.51. Revenue of $159.3M (+39.2% Y/Y). Book value per share of $20.75, incorporates $1.76 per share of CECL reserves and $0.47 per share ofaccumulated depreciation and amortization of owned real estate Investment portfolio of $20.0B at year-end, up from $19.3B in Q3. More on Blackstone Mortgage Trust Bla...
Blackstone Mortgage Trust press release ( BXMT ): Q4 Distributable EPS priorto charge-offs of $0.51. Revenue of $159.3M (+39.2% Y/Y). Book value per share of $20.75, incorporates $1.76 per share of CECL reserves and $0.47 per share ofaccumulated depreciation and amortization of owned real estate Investment portfolio of $20.0B at year-end, up from $19.3B in Q3. More on Blackstone Mortgage Trust Blackstone Mortgage Trust: Improving Outlook For 2026 Blackstone Mortgage Trust Q4 2025 Earnings Preview Seeking Alpha’s Quant Rating on Blackstone Mortgage Trust Historical earnings data for Blackstone Mortgage Trust Dividend scorecard for Blackstone Mortgage Trust
AMD is giving away free copies of the highly anticipated Crimson Desert game on PC with eligible Ryzen CPUs, Radeon GPUs, and gaming laptops. TL;DR: Pearl Abyss's Crimson Desert, launching March 20, 2026, is a highly anticipated open-world RPG blending elements from Skyrim and The Witcher. AMD's Game Bundle offers a free copy with select Ryzen CPUs and Radeon RX 9070/9070 XT GPUs, promising optimi...
AMD is giving away free copies of the highly anticipated Crimson Desert game on PC with eligible Ryzen CPUs, Radeon GPUs, and gaming laptops. TL;DR: Pearl Abyss's Crimson Desert, launching March 20, 2026, is a highly anticipated open-world RPG blending elements from Skyrim and The Witcher. AMD's Game Bundle offers a free copy with select Ryzen CPUs and Radeon RX 9070/9070 XT GPUs, promising optimized, smooth gameplay and high-fidelity visuals. Based on the impressive footage and depth shown in its recent gameplay deep dives, Pearl Abyss's Crimson Desert has quickly become one of 2026's most highly anticipated games for fans of single-player open-world adventure and RPG titles. With elements of Skyrim, The Witcher, The Legend of Zelda, and the studio's own Black Desert MMO, Crimson Desert is promising to deliver a sprawling and massive open-world game when it launches on March 20, 2026. 2 VIEW GALLERY - 2 IMAGES And with that, Crimson Desert is the latest game to join AMD's Game Bundle program for Ryzen and Radeon. From February 10 through April 25, 2026, if you purchase an eligible Ryzen 9000 Series GPU, Radeon RX 9000 Series GPU, or laptop with an eligible Ryzen processor, you get a free copy of the game. That said, there are some limitations on the GPU front: Crimson Desert is limited to the Radeon RX 9070 and Radeon RX 9070 XT, so Radeon RX 9060 XT buyers are out of luck. Likewise, on the desktop CPU front, the new Crimson Desert AMD Game Bundle is limited to four desktop X3D CPUs: the AMD Ryzen 9 9950X3D, Ryzen 9 9900X3D, Ryzen 7 9850X3D, and Ryzen 7 9800X3D. The good news is that AMD says Crimson Desert will be optimized for Ryzen and Radeon, so AMD owners should get a smooth experience on day one. AMD says its Ryzen processors and Radeon RX Series graphics cards will deliver "smooth gameplay and high-fidelity visuals" across Crimson Desert's "large-scale environments and combat scenarios." At least on the eligible hardware that's a part of this new bundle. For...
GLOBALFOUNDRIES press release ( GFS ): Q4 Non-GAAP EPS of $0.55 beats by $0.08 . Revenue of $1.83B (flat Y/Y) beats by $30M . Gross margin of 27.8% and Non-IFRS gross margin (1) of 29.0% Operating margin of 13.9% and Non-IFRS operating margin (1) of 18.3% Net income of $200 million and Non-IFRS net income (1) of $310 million Diluted earnings per share of $0.36 and Non-IFRS diluted earnings per sha...
GLOBALFOUNDRIES press release ( GFS ): Q4 Non-GAAP EPS of $0.55 beats by $0.08 . Revenue of $1.83B (flat Y/Y) beats by $30M . Gross margin of 27.8% and Non-IFRS gross margin (1) of 29.0% Operating margin of 13.9% and Non-IFRS operating margin (1) of 18.3% Net income of $200 million and Non-IFRS net income (1) of $310 million Diluted earnings per share of $0.36 and Non-IFRS diluted earnings per share (1) of $0.55 Non-IFRS adjusted EBITDA (1) of $641 million Ending cash, cash equivalents and marketable securities of $4.0 billion Net cash provided by operating activities of $374 million and Non-IFRS adjusted free cash flow (1) of $264 million More on GLOBALFOUNDRIES GlobalFoundries: Repositioning Toward Long-Cycle Growth In An Era Of Semiconductor Reshoring GlobalFoundries Sets Its Sights On Physical AI GlobalFoundries Inc. (GFS) Discusses Market and Strategic Update on Physical AI and Ultra-Low Power Solutions Transcript GLOBALFOUNDRIES Q4 2025 Earnings Preview Semiconductor sales to reach nearly $1T globally in 2026
Shopify Inc press release ( SHOP ): Q4 net income of $743M Revenue of $3.67B (+30.6% Y/Y) beats by $80M . Three months ended December 31, Years ended December 31, 2025 2024 2025 2024 GMV 123,841 94,460 378,441 292,275 MRR 205 178 205 178 Click to enlarge Shopify's Board of Directors has authorized a share repurchase program of up to $2 billion. For the first quarter of 2026, we expect: Revenue to ...
Shopify Inc press release ( SHOP ): Q4 net income of $743M Revenue of $3.67B (+30.6% Y/Y) beats by $80M . Three months ended December 31, Years ended December 31, 2025 2024 2025 2024 GMV 123,841 94,460 378,441 292,275 MRR 205 178 205 178 Click to enlarge Shopify's Board of Directors has authorized a share repurchase program of up to $2 billion. For the first quarter of 2026, we expect: Revenue to grow at a low-thirties percentage rate on a year-over-year basis, similar to Q4 2025; Gross profit dollars to grow at a high-twenties percentage rate on a year-over-year basis; Operating expenses as a percentage of revenue to be 37% to 38%; Stock-based compensation to be $140 million; and Free cash flow margin to be in the low-to-mid teens, slightly below Q1 of 2025. Shares +8% PM. More on Shopify Inc Upgrading Shopify On Agentic Commerce Inflection Point (Earnings Preview) Shopify's Bear Case Is Fading As AI Commerce Accelerates (Rating Upgrade) Shopify: Expecting Choppier Trading Ahead, But Remains A Long-Term Buy Shopify Q4 earnings preview: Agentic commerce and international expansion in focus Earnings week ahead: F, KO, CSCO, SHOP, MCD, BP, AMAT, COIN, MRNA, ROKU, and more
On Feb. 3, 2026, Oxbow Advisors, LLC reported selling 342,176 shares of Vanguard Institutional Index Funds - Vanguard 0-3 Month Treasury Bill ETF (NASDAQ:VBIL) , an estimated $25.83 million trade based on quarterly average pricing. According to a Feb. 3, 2026, SEC filing , Oxbow Advisors, LLC reduced its position in Vanguard Institutional Index Funds - Vanguard 0-3 Month Treasury Bill ETF by 342,1...
On Feb. 3, 2026, Oxbow Advisors, LLC reported selling 342,176 shares of Vanguard Institutional Index Funds - Vanguard 0-3 Month Treasury Bill ETF (NASDAQ:VBIL) , an estimated $25.83 million trade based on quarterly average pricing. According to a Feb. 3, 2026, SEC filing , Oxbow Advisors, LLC reduced its position in Vanguard Institutional Index Funds - Vanguard 0-3 Month Treasury Bill ETF by 342,176 shares. The estimated value of the shares sold was $25.83 million, calculated using the average price during the fourth quarter. The quarter-end value of the VBIL stake declined by $26.20 million, a figure that includes both trading activity and price changes. Vanguard 0-3 Month Treasury Bill ETF provides investors with a cost-effective vehicle for accessing the U.S. Treasury bill market, focusing on securities with maturities of three months or less. The fund's disciplined sampling approach allows it to closely track its benchmark while maintaining a high degree of liquidity and minimal interest rate risk. This strategy appeals to risk-averse investors seeking stability and efficient cash management solutions. Continue reading
alle12 Heineken ( HEINY ) ( HINKF ) reported a solid but mixed 2025, with profit growth driven by price/mix and cost savings against a backdrop of weaker volume and tougher beer demand. For the full year, Heineken ( HEINY ) said 2025 organic operating profit rose 4.4%, with the operating margin expanding by 41 basis points to 15.2%, even as total consolidated volume declined 1.2% and reported reve...
alle12 Heineken ( HEINY ) ( HINKF ) reported a solid but mixed 2025, with profit growth driven by price/mix and cost savings against a backdrop of weaker volume and tougher beer demand. For the full year, Heineken ( HEINY ) said 2025 organic operating profit rose 4.4%, with the operating margin expanding by 41 basis points to 15.2%, even as total consolidated volume declined 1.2% and reported revenue and net revenue fell on currency and consolidation effects. Net revenue was up 1.6% organically, helped by a 3.8% increase in net revenue per hectoliter, and Heineken-branded volume increased 2.7%, supporting the company’s premiumization strategy. Looking ahead, Heineken guided to slower 2026 organic operating-profit growth of 2% to 6%, below the 4% to 8% target previously set for 2025. The beer giant cited a subdued beer consumption environment and macro headwinds. In addition, Heineken ( HEINY ) announced a "significant cost intervention" over the next two years, including plans to cut up to roughly 6,000 roles globally. The company aims for higher people productivity, faster decision-making, and improved efficiency under its EverGreen 2030 framework. Heineken ( HEINY ) also reiterated its focus on premium and alcohol-free brands. Weighing in on the report, RBC Capital Markets analyst James Edwardes Jones said Heineken ( HEINY ) has continued its policy of ensuring expectations and exceeding them. He pointed to the sequential improvement of Q4 organic sales growth as a positive. Shares of Heineken ( HEINY ) were up 3.6% in Amsterdam trading following the earnings update. More on Heineken N.V. Heineken N.V. 2025 Q4 - Results - Earnings Call Presentation Heineken Non-GAAP EPS of €4.78, revenue of €28.75B; initiates FY outlook Seeking Alpha’s Quant Rating on Heineken N.V. Historical earnings data for Heineken N.V. Financial information for Heineken N.V.
onurdongel/iStock via Getty Images Energy Transfer Q4 Earnings Preview I last covered Energy Transfer LP ( ET ) (note that it is an MLP that issues a K-1 tax form) a couple of times last year, where I explained why I decided to add it to my portfolio , despite it not generating as strong returns on its retained distributable cash flow as some of its peers. The reason I bought it was that it had la...
onurdongel/iStock via Getty Images Energy Transfer Q4 Earnings Preview I last covered Energy Transfer LP ( ET ) (note that it is an MLP that issues a K-1 tax form) a couple of times last year, where I explained why I decided to add it to my portfolio , despite it not generating as strong returns on its retained distributable cash flow as some of its peers. The reason I bought it was that it had lagged the broader sector and had therefore become so cheap that it was extremely cheap relative to peers. Since then, there has been significant unit price appreciation, making it a very successful investment. However, despite that unit price appreciation, I still view it as slightly undervalued, especially compared to peers. In this article, I'm going to detail what I'm going to be watching closely heading into its upcoming Q4 earnings report. While obviously the Q4 results will be important and looked at, even more important for ET in this announcement will be the trajectory of where the company is headed. In particular, there will be three main areas where I will be focused that will signal where the company is headed for the long term. Per-Unit Value Creation: Is The Accretion Finally Accelerating? First, I will be asking, what is the outlook for their per-unit value creation? ET has been spending a lot and accomplishing a lot through its growth projects, mergers, and acquisitions in recent years. While it has successfully deleveraged its balance sheet, earned a credit rating upgrade, and grown its distribution, it has not generated nearly the distributable cash flow nor distribution per unit growth that the amount of investment and activity it has engaged in should warrant. Thus, as always, I will be watching to see any signs of management pivoting towards more aggressive distribution growth and/or unit repurchases, though I'm not holding my breath given ET's track record of favoring aggressive capex spending over capital returns to unitholders. Thus, the big takeaway h...
KING OF PRUSSIA, Pa., Feb. 11, 2026 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ: VERX) (“Vertex” or the “Company”), a leading global provider of indirect tax solutions, today announced financial results for its fourth quarter and full year ended December 31, 2025. “In 2025, Vertex delivered double-digit revenue growth and meaningful profitability improvements while making important investments in the...
KING OF PRUSSIA, Pa., Feb. 11, 2026 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ: VERX) (“Vertex” or the “Company”), a leading global provider of indirect tax solutions, today announced financial results for its fourth quarter and full year ended December 31, 2025. “In 2025, Vertex delivered double-digit revenue growth and meaningful profitability improvements while making important investments in the future,” said Christopher Young, President and Chief Executive Officer of Vertex. “We sustained our market position as the leading provider of indirect tax solutions to the enterprise and continued to onboard new customers at a healthy pace. In addition, our e-invoicing business enjoyed accelerating growth in its first full year, while setting the stage for upcoming mandates in key European economies.” Mr. Young continued, “Looking forward, I believe Vertex has a significant opportunity to accelerate revenue growth and improve profitability. We have near-term growth tailwinds including upcoming e-invoicing mandates in France and Germany, the two largest economies in Europe. In addition, Vertex is well-positioned to help tax departments improve their workflows with Artificial Intelligence. As an example, our new AI-driven Smart Categorization offering has delivered early traction, with several marquee wins with our enterprise customers. I am working closely with our teams as we execute on these opportunities, which I believe will extend Vertex’s leadership position, deliver sustainable and accelerating growth, and increase shareholder value.” Fourth Quarter 2025 Financial Results Total revenues of $194.7 million, up 9.1% year-over-year. Software subscription revenues of $166.2 million, up 8.9% year-over-year. Cloud revenues of $94.6 million, up 23.0% year-over-year. Annual Recurring Revenue (“ARR”) was $671.0 million, up 11.3% year-over-year. Average Annual Revenue per direct customer (“AARPC”) was $137,867 at December 31, 2025, compared to $122,706 at December 31, 2024, an...
Kraft Heinz press release ( KHC ): Q4 Non-GAAP EPS of $0.67 beats by $0.06 . Revenue of $6.35B (-3.5% Y/Y) misses by $20M . Gross profit margin decreased 150 basis points to 32.6%; Adjusted Gross Profit Margin decreased 130 basis points to 33.1% Operating Income/(Loss) was income of $1.1 billion; Adjusted Operating Income was $1.2 billion, down 15.9%. Diluted EPS was $0.55, down 68.8%; Adjusted EP...
Kraft Heinz press release ( KHC ): Q4 Non-GAAP EPS of $0.67 beats by $0.06 . Revenue of $6.35B (-3.5% Y/Y) misses by $20M . Gross profit margin decreased 150 basis points to 32.6%; Adjusted Gross Profit Margin decreased 130 basis points to 33.1% Operating Income/(Loss) was income of $1.1 billion; Adjusted Operating Income was $1.2 billion, down 15.9%. Diluted EPS was $0.55, down 68.8%; Adjusted EPS was $0.67, down 20.2% Outlook 2026: Adjusted EPS in the range of $1.98 to $2.10. The Company expects an effective tax rate on Adjusted EPS to be approximately 25.5 percent. More on Kraft Heinz Kraft Heinz: Berkshire May Be Out Of The Equation And What That Means For Shareholders Kraft Heinz: Institutional Investors Likely Reaching A Tipping Point Kraft Heinz: A Deep Value Play With Catalysts Kraft Heinz faces bottom-line pressure as Q4 earnings seen falling 27% Earnings week ahead: F, KO, CSCO, SHOP, MCD, BP, AMAT, COIN, MRNA, ROKU, and more