Latest news with #financialguidance
Bloomberg
3 hours ago
- Business
- Bloomberg
Steven Madden Blames Tariffs for Uncertainty, Pulls 2025 Forecast
Steven Madden Ltd. said tariffs are making it too hard to gauge how its business will perform, so it's not providing an outlook for the rest of the year. The 'continued macroeconomic uncertainty related to the impact of new tariffs on goods imported into the United States' means the shoe retailer 'is not providing 2025 financial guidance at this time,' it said in a statement.
Wall Street Journal
3 hours ago
- Business
- Wall Street Journal
Steven Madden Withdraws 2025 Guidance as Tariffs Weigh
Steven Madden swung to a second-quarter loss as costs tied to U.S. tariffs weighed on its performance, prompting the fashion footwear company to withdraw its financial guidance for the year. The footwear company on Wednesday posted a net loss of $39.5 million, or 56 cents a share, compared with profit of $35.4 million, or 49 cents a share, in the same quarter a year ago.
Wall Street Journal
a day ago
- Automotive
- Wall Street Journal
Stellantis Reinstates Guidance, Expects Second-Half Rebound Despite Tariffs
Stellantis STLA -4.24%decrease; red down pointing triangle reinstated financial guidance for the year, saying it expects to report a sequential improvement in revenue and profitability in the second half of the year. The carmaker had suspended its full-year guidance in April as it became difficult to predict the impact of President Trump's 25% tariffs on market volumes and the competitive landscape and has been working to improve sourcing opportunities and cut production.
Yahoo
2 days ago
- Business
- Yahoo
Why Centene (CNC) Stock Is Down Today
What Happened? Shares of health coverage company Centene (NYSE:CNC) fell 3% in the morning session after the company was downgraded by Cantor Fitzgerald, which also lowered its price target on the stock. The downgrade from Cantor Fitzgerald analyst Sarah James added to a period of negative sentiment surrounding the health insurer. The negative outlook stemmed from Centene's recent withdrawal of its 2025 financial guidance. The company pulled its forecast after an independent report revealed that its Affordable Care Act (ACA) marketplace plans had slower-than-expected membership growth and higher-than-anticipated morbidity, which is the rate of disease or illness. This resulted in a significant $1.8 billion downward revision in expected revenue. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Centene? Access our full analysis report here, it's free. What Is The Market Telling Us Centene's shares are somewhat volatile and have had 13 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 3 days ago when the stock gained 5.9% on the news that the company reported second-quarter results that missed earnings estimates, but the stock rallied as investors looked past the disappointment. Centene posted its first quarterly earnings miss in four years, swinging to an adjusted loss per share of $0.16, a stark contrast to the profit recorded in the same quarter last year. The company also set its 2025 earnings guidance significantly below analyst expectations, citing worse-than-expected cost trends in its Affordable Care Act (ACA) Marketplace business. Despite the profitability issues, total revenues for the quarter came in strong at $48.7 billion, handily beating expectations. While the stock initially dropped sharply in pre-market trading on the earnings miss, it reversed course and rallied during the company's earnings call. This turnaround suggested investors may have gained confidence from management's commentary and their stated plan to address the cost issues and restore profitability. Centene is down 54.4% since the beginning of the year, and at $27.59 per share, it is trading 65.6% below its 52-week high of $80.23 from September 2024. Investors who bought $1,000 worth of Centene's shares 5 years ago would now be looking at an investment worth $429.47. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Argaam
23-07-2025
- Business
- Argaam
Mobily eyes revenue growth, up to 38% EBITDA margin: Acting CFO
Etihad Etisalat Co. (Mobily) is one of the few Saudi companies providing annual financial guidance, according to Acting CFO Ibrahim Al Tukhaifi, who said the company targets single-digit revenue growth and an EBITDA margin of 37% to 38% in Q3 2025. In an interview with Argaam, Al Tukhaifi said Mobily aims to maintain a net debt-to-EBITDA ratio of 1x and keep capital expenditure at 16%–18% of revenue, noting that H1 results reflect solid progress toward these targets and support long-term value creation for shareholders and stakeholders. He reported that Mobily delivered solid financial and operational results in Q2, with earnings growth driven by increased revenue across all segments and ongoing efficiency gains that supported EBITDA. Gross profit and EBITDA rose 10.3% and 10.5% year-on-year (YoY), respectively, as the enterprise segment expanded through new data centers and the consumer segment benefited from loyalty programs and strategic partnerships. He added that the carrier segment contributed by delivering tailored digital solutions to businesses and cloud providers. He pointed out that Mobily's mobile subscriber base reached 12.8 million by the end of Q2, marking a 5% YoY increase, while fiber subscribers totaled 289,000, supported by expanded service offerings and improved support channels, noting that the company has maintained a strong EBITDA margin over the past five years. The company's long-term investment strategy focuses on digital transformation and infrastructure upgrades, including 5G, IoT, data centers, and subsea cables, CFO added. During the period, Mobily launched the Red Sea Cable, the first fully Saudi-owned subsea cable, linking Saudi Arabia and Egypt, with the aim of enhancing digital connectivity between Asia, Africa, and Europe. Mobily secured new spectrum licenses to enhance network quality and capacity, with Al Tukhaifi stating that infrastructure investments will continue while the company maintains a healthy capital structure and delivers strong returns.
