Goldman Sachs' Timothy Moe on market reaction to the escalation of Israel-Iran tensions
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Yahoo
an hour ago
- Yahoo
Arkansas Governor Sarah Huckabee Sanders will visit Israel, meet officials to discuss economic ties
Huckabee Sanders said that she will meet with Israeli government officials and business leaders and strengthen economic ties between Israel and Arkansas. Arkansas Governor Sarah Huckabee Sanders announced that she will visit Israel in the coming weeks in a post to X/Twitter on Thursday. Huckabee Sanders said that she will meet with Israeli government officials and business leaders and strengthen economic ties between Israel and Arkansas. She mentioned Israel's innovation within agriculture and manufacturing and spoke of her father, Ambassador Mike Huckabee, and his love for Israel. "As my dad likes to say, it's the one place in the world you visit for the first time and it feels like coming home.' After visiting Israel, Huckabee Sanders will visit the UAE to further efforts in attracting more foreign investment and creating jobs in Arkansas. Mike Huckabee's role in Israel The governor's father, Mike Huckabee, currently serves as the US Ambassador to Israel. An evangelical Christian, Mike Huckabee has been a vocal supporter of Israel throughout his political career, including defending Israel's expansion of settlements in the West Bank.
Yahoo
2 hours ago
- Yahoo
ODDITY Q2 Earnings & Sales Beat Estimates, DTC Sales Rise Y/Y
ODDITY Tech Ltd. ODD reported impressive second-quarter 2025 results, wherein both net sales and earnings surpassed the Zacks Consensus Estimate. Also, the top and bottom lines increased year over year. Also, direct-to-consumer (DTC) sales improved year over by robust top-line growth, expanding innovation investments and a strong liquidity position, ODDITY raised its full-year outlook. The company's ongoing strategy to disrupt the beauty and wellness space through technology, product development and data science-driven personalization supported yet another quarter of double-digit growth and high profitability. ODDITY Tech Ltd. Price, Consensus and EPS Surprise ODDITY Tech Ltd. price-consensus-eps-surprise-chart | ODDITY Tech Ltd. Quote More on ODD's Q2 Results ODDITY reported adjusted earnings per share (EPS) of 92 cents, beating the Zacks Consensus Estimate of 88 cents. Also, the bottom line increased 12.2% from the year-ago quarter's reported sales totaled $241.1 million, which surpassed the Zacks Consensus Estimate of $239 million and increased 25.1% from $192.8 million in the prior-year quarter. The rise was driven by a strong digital performance, with online DTC sales increasing 29.6% to $235.2 million from $181.5 million a year ago. This represented 98% of total sales, up from 94% in the prior year. Sales from other sources, which include Israeli retail and marketing affiliates, declined 47.1% to $5.98 million from $11.3 million, contributing just 2% of total sales versus 6% in the prior-year period. ODDITY's Margin & Cost Details Gross profit was $174.4 million, up 25.3% from $139.1 million last year. We note that the gross margin increased 10 basis points year over year to 72.3% in the quarter under general and administrative (SG&A) expenses for the quarter were $117.3 million, rising 36.3% from $86.1 million in the prior-year period. SG&A expenses, as a percentage of net sales, rose 200 basis points year over year to 48.6%.Operating income for the quarter was $57.1 million, up 7.6% year over year, whereas the operating margin declined 380 basis points year over year to 23.7% in the second EBITDA came in at $69.5 million, a 11.6% increase from $62.3 million in the year-ago period. The adjusted EBITDA margin stood at 28.8%, down 350 basis points from 32.3% in the prior-year period. ODD Stock Past 3-Month Performance Image Source: Zacks Investment Research ODD's Financial Health Snapshot As of June 30, 2025, ODD's cash and cash equivalents were $656.8 million, with no long-term debt and shareholders' equity of $351.2 million. The operating cash flow as of the second quarter was $101.4 million and the free cash flow was $99.4 million. ODDITY's Strategic & Operational Highlights ODD reached several milestones in the second quarter, reinforcing the strength of its business model and future growth brands IL MAKIAGE and SpoiledChild delivered double-digit online sales growth, supported by robust consumer engagement and personalization through ODDITY's AI-driven direct-to-consumer platform. The company also accelerated its international expansion, tapping into new geographic markets to broaden its global continued on the development and commercialization of brand launches. Brand 3, which targets the medical-grade dermatology segment, remains on track for a formal launch in the fourth quarter of 2025, marking ODDITY's entry into the healthcare space. Meanwhile, Brand 4 is progressing as planned and is expected to launch in investments were made into ODDITY Labs, the company's proprietary biotech and molecule discovery platform, which is the key to driving product innovation across current and future brands. In support of these strategic initiatives, ODDITY completed its first-ever exchangeable note offering, raising $600 million with a 0% coupon, underscoring investor confidence in its long-term strategy. What to Expect From ODD in Q3 & FY25? Given the strong second-quarter performance and high order visibility, ODDITY has raised its 2025 guidance. The company expects net sales between $799 million and $804 million, indicating 23-24% year-over-year growth, up from the previously mentioned $790-$798 million. The gross margin is expected to be 71%.Adjusted EBITDA is forecast between $160 million and $162 million compared with the prior mentioned $157-$161 million. Adjusted EPS is projected between $2.06 and $2.09, up from the earlier stated $1.99-$2.04. For the third quarter of 2025, the company expects net sales between $144 million and $146 million, implying year-over-year growth of 21-23%. The gross margin is expected to be 68%, whereas adjusted EBITDA is forecast between $26 million and $28 million. Adjusted EPS is expected to be 33-36 of this Zacks Rank #2 (Buy) company have gained 12.7% in the past three months compared with the industry's growth of 20.7%. Key Picks Bumble Inc. BMBL is the parent company of Badoo and Bumble, two of the world's highest-grossing dating apps with millions of users worldwide. BMBL presently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks Zacks Consensus Estimate for Bumble's current financial year's earnings indicates growth of 122.8% from the year-ago period's reported figure. BMBL delivered a trailing four-quarter earnings surprise of 34.3%, on Ltd. KARO is a provider in the telematics industry that offers real-time mobility data analytics solutions for smart transportation. It currently flaunts a Zacks Rank of delivered a trailing four-quarter earnings surprise of 10.5%, on average. The consensus estimate for Karooooo's current fiscal-year sales and earnings indicates growth of 23% and 18.4%, respectively, from the year-ago period's reported Ltd. STNE provides financial technology solutions. It sports a Zacks Rank of 1 at present. STNE delivered a trailing four-quarter average earnings surprise of 6.4%.The consensus estimate for STNE's current financial-year sales and earnings indicates growth of 7.6% and 10.4%, respectively, from the prior-year reported levels. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report StoneCo Ltd. (STNE) : Free Stock Analysis Report Bumble Inc. (BMBL) : Free Stock Analysis Report Karooooo Ltd. (KARO) : Free Stock Analysis Report ODDITY Tech Ltd. (ODD) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research 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
Entrepreneur
5 hours ago
- Entrepreneur
Goldman Sachs Data Shows AI's Unemployment Impact
AI has led to an increase in unemployment for 20- to 30-year-old tech workers, according to Goldman Sachs. AI is eliminating jobs in the U.S., especially for young tech workers just starting in their careers. In a Monday Goldman Sachs note, obtained by Business Insider, the investment firm wrote that since ChatGPT was introduced in November 2022, the tech sector's share of U.S. employment, which had just hit its highest point, has been declining. Unemployment is especially high for 20- to 30-year-olds aiming to work in the tech sector, the report found. Since the start of 2024, the unemployment rate for that group has risen by nearly 3%, more than four times greater than the overall rate. Goldman Sachs says that the increase is an indicator that AI is starting to take over white-collar work, starting at the entry level. Related: Here Are the Odds of Landing a Summer Internship at Goldman Sachs or JPMorgan The bank's Chief Economist, Jan Hatzius, estimated in the note that AI will replace 6% to 7% of all U.S. workers within the next decade. However, he predicted that the unemployment rate would only grow by a "manageable" 0.5% due to AI, because affected workers would shift to other industries. AI isn't just increasing unemployment by taking over entry-level tech jobs — it is also causing mass layoffs. According to a Tuesday report shared by the coaching company Challenger, Gray & Christmas with CBS, AI has directly caused more than 27,000 job cuts in the private sector since 2023. "The industry is being reshaped by the advancement of artificial intelligence," Challenger, Gray & Christmas told CBS. Related: Is AI the Reason for Your Layoff? New York Becomes the First State to Require Companies to Disclose If So. Tech leaders are also sounding the alarm on the technology's ability to replace jobs. Dario Amodei, the 42-year-old CEO of AI startup Anthropic, predicted in May that AI could eliminate half of all entry-level, white-collar work and result in unemployment rising to as much as 20%. AI will affect white-collar industries like technology, law, and finance, Amodei said. Nobel Prize winner Geoffrey Hinton, 78, had a similar prediction. Hinton, who is often called the Godfather of AI because of his pioneering work on neural networks, forecast in June that "AI is just going to replace everybody" in white-collar jobs. "I think for mundane intellectual labor, AI is just going to replace everybody," Hinton said at the time. Join top CEOs, founders and operators at the Level Up conference to unlock strategies for scaling your business, boosting revenue and building sustainable success.
