ZIM Integrated Shipping Services reports Q4 sales up 80% to $2.17B, beating consensus of $2.06B. EPS of $4.66 vs loss of $1.23 last year. Board declared $3.17/share dividend. 2025 outlook: adjusted EBITDA of $1.6B-$2.2B, adjusted EBIT of $350M-$950M.
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On an adjusted basis, the company posted earnings of $0.26 per share for the three months ended Dec. 31, compared with average analysts’ estimate of a loss of $0.15 per share.
Abercrombie & Fitch reported strong Q2 FY24 earnings, with sales up 21% to $1.134 billion and gross profit margin expanding 240 basis points. The company raised its full-year outlook and expects continued growth in Q3.
Enovix to supply silicon batteries for mixed reality headsets, with initial payment for tooling and future payments for sample and production quantities. Company's high-performance batteries use active silicon anode, targeting smartphone and IoT markets.
Super Micro Computer, Inc (SMCI) stock trades lower due to price hike news for its AI chip production services. Supermicro also launched new X14 server portfolio with improved performance and energy efficiency.
