Empower Posts Record $973M Base Earnings in 2024, Up 30%; White Mountains Sees 3% Q4 Book Value Drop, $122M MediaAlpha Loss; Frontier Hits $1B Q4 Revenue, Expands A321neo Fleet.
Market-Moving Event Alerts
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This week, StockNews.AI identified and published 272 successful event alerts across multiple sectors, with 17% of them highlighting price movements exceeding 10%, primarily driven by strong financial reports!
*Data Captured Between 2/3 00:00am - 2/7 11:00 am EDT.
*Penny stocks are excluded from the 10%+ price change analysis.
Top 3 AI Events you can’t miss for today, 2/7.
Business Wire
VeryBullishLongTermEMPWEarnings
Empower Achieves Record Base Earnings of $973M in 2024, up 30% From Prior Year
- Empower achieved $973 million in base earnings, up 30% from 2023.
- Net earnings growth was 42% for 2024, showcasing strong business momentum.
- Empower administers $1.8 trillion in assets for over 19 million individuals.
- The integration of Prudential’s business boosted Empower’s earnings growth.
- Empower Personal Wealth saw a 29% growth in average assets under administration.
PRNewsWire
BearishShortTermWTMEarnings
WHITE MOUNTAINS REPORTS FOURTH QUARTER RESULTS
- WTM's book value per share decreased 3% in Q4 2024.
- MediaAlpha's decline led to a $122M mark-to-market loss.
- Ark reported $264M in gross written premiums, up 14% YoY.
- Kudu's portfolio value surpassed $1 billion despite a tough quarter.
- Bamboo's premium growth was driven by new business volume.
PRNewsWire
BullishShortTermULCCEarnings
Frontier Airlines Reports Solid Fourth Quarter 2024 Financial Results on Record Revenue
- Frontier achieved record $1 billion revenue in Q4 2024, up 12%.
- Total liquidity increased to $935 million, 25% of trailing revenue.
- RASM rose to 10.23 cents, reflecting strong demand despite lower capacity.
- Delivered six A321neo aircraft, enhancing fuel efficiency to 82% of fleet.
- Adjusted CASM (excluding fuel) down 1.2% year-over-year, cost-efficient performance.
Here’re the top 5 most-surged stocks captured by our AI Event signal this week.
*Penny stocks are not included in the list.
GlobeNewsWire
BullishLongTerm 196.34%IVVDEarnings
Invivyd Announces Preliminary Fourth Quarter 2024 Financial Results, Strong Revenue Growth, and Reiterates Goal of Near-Term Profitability
- IVVD reported Q4 2024 net revenue of $13.8 million, 48% growth.
- Operating costs fell by 55% to approximately $32 million.
- Cash and equivalents stood at $69.3 million, indicating financial stability.
- Company targets near-term profitability by mid-2025 amid ongoing operational improvements.
- PEMGARDA aims to provide protection against COVID-19 variants via emergency use.
PRNewsWire
BullishShortTerm 96.46%APPSEarnings
Digital Turbine Reports Fiscal 2025 Third Quarter Financial Results
- Q3 revenue rose 13% QoQ, but fell 6% YoY.
- GAAP net loss increased to $23.1 million, EPS at ($0.22).
- Non-GAAP EBITDA decreased 13% YoY, but increased 44% QoQ.
- Future outlook upgraded, expecting $485-$490 million in revenue for FY 2025.
- Strong demand drives growth in On-Device solutions and App Growth Platform.
GlobeNewsWire
BullishShortTerm 80.23%LIPOFDA Approval
Lipella Pharmaceuticals Granted FDA Approval for Expanded Access Program for LP-310 in Oral Lichen Planus
- Lipella's LP-310 gains FDA approval for Expanded Access Program.
- LP-310 targets oral lichen planus, affecting 6 million Americans.
- No FDA-approved therapies currently exist for oral lichen planus.
- Expanded access strengthens LP-310's positioning in the market.
- Ongoing Phase 2a trial is essential for LP-310's further development.
Business Wire
BearishShortTerm -35.18%OMIM&A
Owens & Minor Launches Financing for Rotech Acquisition and Provides Preliminary Fourth Quarter and Full Year 2024 Financial Results Ahead of Investor Meetings
- Owens & Minor reports Q4 2024 revenue between $2.67B and $2.70B.
- Company expects a net loss of $311M to $288M for Q4 2024.
- Preliminary results include a $310M goodwill impairment charge.
- Debt reduction of over $240M achieved during 2024.
- Healthy cash flow aids financing for Rotech Healthcare acquisition.
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Full ArticleGlobeNewsWire
BullishShortTerm 34.17%AMSCEarnings
AMSC Reports Third Quarter Fiscal Year 2024 Financial Results and Provides Business Outlook
- AMSC's revenue grew by 56% to over $61 million this quarter.
- The company reported a net income of $2.5 million versus a loss last year.
- Cash reserves increased to $80 million, signaling financial health.
- Fourth quarter revenue estimate ranges from $59 to $63 million.
- Bookings and backlog remain strong, indicating future growth potential.
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