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News of the day for Feb. 13, 2025

(Bloomberg) -- European investors are starting to wonder just how long the hot winning streak for the region’s stocks is going to last, even as possible talks to end the war in Ukraine send the market to fresh record highs.The Stoxx Europe 600 Index has risen 8% this year through Wednesday versus a gain of less than 3% for the US S&P 500. The outperformance has been fueled by what seems a convincing investment case: Shares are cheap, interest rates are going down and earnings are holding up.Skep

The parent company of Reuters News said it expects to start trading on the Nasdaq on or about February 25, adding that the move will have no impact on its shares listed in Canada on the Toronto Stock Exchange.

Telecommunications and cable services provider Altice USA (NYSE:ATUS) met Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 2.9% year on year to $2.24 billion. Its GAAP loss of $0.12 per share was significantly below analysts’ consensus estimates.

Cloud monitoring software company Datadog (NASDAQ:DDOG) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 25.1% year on year to $737.7 million. The company expects next quarter’s revenue to be around $739 million, close to analysts’ estimates. Its non-GAAP profit of $0.49 per share was 13.3% above analysts’ consensus estimates.

S&P Global completed the list of top credit rating agencies to warn that an "unprecedented" U.S. withdrawal from the World Bank and other top multilateral lenders would damage their prized triple-A credit ratings. President Donald Trump signed an Executive Order last week for a six-month review of U.S. support to all international intergovernmental organisations to decide whether it should withdraw from them, or seek their reform. S&P said the current triple-A ratings of the World Bank and other top development banks assume the U.S. remaining in place.

The move comes as bitcoin has stuttered around $96,000.

Fast-food chain Wendy’s (NASDAQ:WEN) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 6.2% year on year to $574.3 million. Its non-GAAP profit of $0.25 per share was in line with analysts’ consensus estimates.

Footwear company Crocs (NASDAQ:CROX) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 3.1% year on year to $989.8 million. On the other hand, next quarter’s revenue guidance of $905.8 million was less impressive, coming in 2.3% below analysts’ estimates. Its non-GAAP profit of $2.52 per share was 11.3% above analysts’ consensus estimates.

Energy and industrial distributor DistributionNOW (NYSE:DNOW) announced better-than-expected revenue in Q4 CY2024, with sales up 2.9% year on year to $571 million. Its non-GAAP profit of $0.25 per share was 92.3% above analysts’ consensus estimates.