Latest news with #AatreyeeDasgupta
The Star
08-05-2025
- Business
- The Star
TASER maker Axon raises annual revenue forecast, shares jump
People gathers at the Axon booth on the exhibit floor during the annual International Association of Chiefs of Police (IACP) conference in San Diego, California, U.S.,October 16, 2023. REUTERS/Mike Blake (Reuters) -TASER maker Axon Enterprise raised its full-year revenue forecast on Wednesday, banking on sustained demand for its software products and security devices, sending its shares up more than 7% after the bell. The Arizona-based company makes law enforcement technology such as body cameras, drones and sensors. Axon expects 2025 revenue to be between $2.60 billion and $2.70 billion, compared with its prior range of $2.55 billion to $2.65 billion. Analysts on average estimate of $2.62 billion, according to data compiled by LSEG. The company is the leading maker of police body cameras in the U.S. and supplies drones to law enforcement authorities across North America, Europe and Australia. Capital expenditure for the year is expected to be in the range of $160 million to $180 million, excluding costs related to investments in a new headquarters, the company said. On an adjusted basis, Axon earned $1.41 per share for the first quarter ended March 31, while analysts estimated $1.27 per share. Its quarterly revenue was $603.6 million, compared with the estimate of $583.8 million. (Reporting by Aatreyee Dasgupta and Abhinav Parmar in Bengaluru; Editing by Shilpi Majumdar)
Yahoo
07-05-2025
- Business
- Yahoo
TASER maker Axon raises annual revenue forecast, shares jump
(Reuters) -TASER maker Axon Enterprise raised its full-year revenue forecast on Wednesday, banking on sustained demand for its software products and security devices, sending its shares up more than 7% after the bell. The Arizona-based company makes law enforcement technology such as body cameras, drones and sensors. Axon expects 2025 revenue to be between $2.60 billion and $2.70 billion, compared with its prior range of $2.55 billion to $2.65 billion. Analysts on average estimate of $2.62 billion, according to data compiled by LSEG. The company is the leading maker of police body cameras in the U.S. and supplies drones to law enforcement authorities across North America, Europe and Australia. Capital expenditure for the year is expected to be in the range of $160 million to $180 million, excluding costs related to investments in a new headquarters, the company said. On an adjusted basis, Axon earned $1.41 per share for the first quarter ended March 31, while analysts estimated $1.27 per share. Its quarterly revenue was $603.6 million, compared with the estimate of $583.8 million. (Reporting by Aatreyee Dasgupta and Abhinav Parmar in Bengaluru; Editing by Shilpi Majumdar)
Yahoo
29-04-2025
- Business
- Yahoo
Sabre to cut debt with $1.1 billion sale of hospitality software to TPG, shares jump
By Aatreyee Dasgupta (Reuters) -Sabre Corp said on Monday it will sell its hospitality software platform to asset manager TPG for $1.1 billion and use the cash to pare its debt, lifting the travel technology provider's shares nearly 26% in early trading. The stock is now up 13.5%. The company had a market capitalization of $845 million as of last close, according to data compiled by LSEG. In contrast, its total debt stood at about $4.5 billion, net of cash, as of the end of December, according to its annual filing. Sabre has made several moves to pare its debt, including a refinancing in December and the repayment of debt maturities earlier this month, the company said. Monday's deal comes a month after Reuters reported that Sabre was exploring a sale of its hospitality software SynXis to help pare its debt. TPG will invest in the unit through its U.S. and European private equity platform, with the transaction expected to close by the end of the third quarter 2025. Sabre's SynXis serves as an integrated system of record for reservation and guest information for hotels. The company's customers include top airlines, travel agencies, hotels, tour operators, car rental brands and rail carriers. "This divestiture positions Sabre to focus on our core airline IT and travel marketplace platforms," said CEO Kurt Ekert. The deal also comes at a time of uncertainty for the travel industry due to fears of an economic recession stemming from U.S. President Donald Trump's sweeping import tariffs. Many airlines, including legacy carriers Delta, Southwest and American, have withdrawn their full-year financial forecasts in view of the ambiguity. "Amid uncertain near-term travel demand and enduring elevated financing costs, the sale should alleviate investor concerns about Sabre's ability to meet its debt obligations and continue financing its core distribution business, given its 2024 debt/adjusted EBITDA ratio of 10 times," analyst Dan Wasiolek said in a Morningstar note. Sign in to access your portfolio
Yahoo
06-02-2025
- Business
- Yahoo
Bombardier beats profit estimates, puts off 2025 forecast on US tariff uncertainty
By Allison Lampert and Aatreyee Dasgupta MONTREAL (Reuters) -Canadian planemaker Bombardier on Thursday beat quarterly profit estimates on aftermarket business strength, and delayed its 2025 forecast, citing uncertainty related to U.S. President Donald Trump's tariffs. Resilient demand for private flying has boosted jet makers' order books and their aftermarket businesses, despite a slower-than-expected recovery in the aerospace supply chain. But Trump's 25% tariff on Canadian and Mexican imports is creating uncertainty for planemakers, even though the duties have been delayed by 30 days. Bombardier sells most of its Canadian-assembled jets to U.S. customers, while aerospace major RTX's Pratt & Whitney Canada unit produces jet engines for U.S.-based Textron and General Dynamics' Gulfstream. Planemakers including Bombardier have been wrestling with supply-chain snags that have weighed on production. Supply-chain giant Honeywell, which provides engines to Bombardier, on Thursday announced a deal to split into three independently listed companies. For the fourth quarter, Montreal-based Bombardier posted a 1.5% rise in revenue to $3.11 billion, compared with analysts' estimate of $3.18 billion, according to data compiled by LSEG. On an adjusted basis, it earned $3.01 per share in the fourth quarter, compared with analysts' estimate of $2.04. Its full-year revenue rose 8% to $8.67 billion. The company's services business generated $2.04 billion in annual revenue, hitting a company target a year earlier than expected. In 2024, Bombardier delivered 146 aircraft, up from 138 in 2023, but below its November forecast of 150-155 jets. The company reported $232 million in full-year free cash flow, a metric closely watched by investors, in-line with its targets. The planemaker's backlog rose 1% from $14.2 billion to $14.4 billion in 2024.
