ABM Industries Inc. ( ABM ) shares are trading lower after the company reported fourth-quarter FY24 earnings. Sales grew 4.0% year over year to $2.18 billion, beating the consensus of $2.079 billion. Revenue growth was driven by Technical Solutions (+35% Y/Y) and Aviation (+11%), with Education revenue being flat Y/Y. Operating expenses increased 5.4% to $1.91 billion, and operating profit declined 81.9% to $19.2 million in the quarter. Adjusted EBITDA fell 11% to $128.0 million,...

11:46 AM EST, 12/18/2024 (MT Newswires) -- (Updates with latest stock movement in the headline and first paragraph.) Jabil ( JBL ) shares were over 10% higher in recent Wednesday trading after the company delivered a fiscal Q1 revenue beat. The company reported fiscal Q1 core earnings of $2 per diluted share, down from $2.60 a year earlier. No comparable...

11:46 AM EST, 12/18/2024 (MT Newswires) -- Salesforce ( CRM ) is well-placed to benefit from the growing market for artificial intelligence technologies as it executes its revenue-generation strategy for its Agentforce AI platform, Wedbush said in a note Wednesday. The company has launched the newest version of its digital labor platform for enterprises, Agentforce 2.0, which enables businesses to...

11:50 AM EST, 12/18/2024 (MT Newswires) -- (Updates shares.) Bitfarms ( BITF ) late on Tuesday said it filed a second amended and restated prospectus supplement to a US$375 million base shelf prospectus in relation to a proposed merger with Stronghold Digital Mining. The bitcoin miner said the filing incorporates updated pro forma financial statements for the proposed merger and...