Although some manufacturing jobs provided high wages for low-skilled work, other industries, such as apparel, paid much lower wages, due to greater competition.
Earlier, it was reported that the U.S. economy contracted by 0.3%; the 0.1 percentage point revision reflects an upward revision to investment that was partly offset by a downward revision to consumer spending.
United and JetBlue’s ‘Blue Sky’ alliance will launch in 2025, expanding flight options, loyalty perks, and booking convenience, while marking the former’s return to John F. Kennedy International Airport.
Material handling equipment manufacturer Columbus McKinnon (NASDAQ:CMCO) fell short of the market’s revenue expectations in Q1 CY2025, with sales falling 7% year on year to $246.9 million. Its non-GAAP EPS of $0.60 per share was 3.4% above analysts’ consensus estimates.
Data storage solutions provider Pure Storage (NYSE:PSTG) missed Wall Street’s revenue expectations in Q1 CY2025, but sales rose 12.3% year on year to $778.5 million. Its non-GAAP EPS of $0.29 per share was 17.1% above analysts’ consensus estimates.
Bank software company nCino (NASDAQ:NCNO) fell short of the market’s revenue expectations in Q1 CY2025, but sales rose 12.5% year on year to $144.1 million. Its non-GAAP profit of $0.16 per share was in line with analysts’ consensus estimates.
Cosmetics company e.l.f. Beauty (NYSE:ELF) missed Wall Street’s revenue expectations in Q1 CY2025 as sales rose 3.6% year on year to $332.6 million. Its non-GAAP EPS of $0.78 per share was 8.3% above analysts’ consensus estimates.
