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AI helps Pearson grow sales 5% in back-to-school quarter

UPDATE 2-AI helps Pearson grow sales 5% in back-to-school quarter Adds additional CEO comments in paragraphs 6-7, shares and analyst reaction in paragraphs 8-9 By Paul Sandle LONDON, Oct 29 (Reuters) - British education company Pearson PSON.L reported accelerating growth in its third quarter, boosted by AI and a stronger performance in assessment and qualifications, putting it on track to meet market expectations for the year.
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U.S. STOCKS Newmont, Monopar Therapeutics, TKO Group

BUZZ-U.S. STOCKS ON THE MOVE-Newmont, Monopar Therapeutics, TKO Group Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 The Nasdaq jumped on Thursday, driven by Tesla's positive earnings forecast, which buoyed market sentiment despite declines from other corporate results and pressure from rising Treasury yields.
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U.S. STOCKS Teck Resources, Nasdaq, T-Mobile

BUZZ-U.S. STOCKS ON THE MOVE-Teck Resources, Nasdaq, T-Mobile Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 The S&P 500 and the Nasdaq rebounded on Thursday, after Tesla's upbeat earnings forecast lifted market sentiment following a selloff in the previous session, kicking off megacap results on a promising note.
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ServiceNow hits record high after Q4 subscription revenue forecast above estimates

BUZZ-ServiceNow hits record high after Q4 subscription revenue forecast above estimates Updates ** Shares of digital workflow company ServiceNow NOW.N hit record high, last up 6.5% at $964.99 ** NOW expects Q4 subscription revenue between $2.875 bln and $2.880 bln, vs analysts' average estimates of $2.85 bln - LSEG data ** NOW raises annual subscri
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U.S. STOCKS United Parcel Service, Boeing

BUZZ-U.S. STOCKS ON THE MOVE-United Parcel Service, Boeing Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Futures tracking the S&P 500 and the Nasdaq 100 rose on Thursday as an upbeat forecast from Tesla kicked off megacap earnings on a positive note, following declines in major indexes in the previous session.
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ServiceNow rises after Q4 subscription revenue forecast above estimates

BUZZ-ServiceNow rises after Q4 subscription revenue forecast above estimates ** Shares of digital workflow company ServiceNow NOW.N rise 1.1% to $918.00 premarket ** NOW expects Q4 subscription revenue between $2.875 bln and $2.880 bln, vs analysts' average estimate of $2.85 bln - LSEG data ** NOW raises annual subscription revenue forecast to be b
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U.S. Coca-Cola, Nextera Energy Partners, ServiceNow

U.S. RESEARCH ROUNDUP-Coca-Cola, Nextera Energy Partners, ServiceNow Oct 24 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies including Coca-Cola, Nextera Energy Partners, and ServiceNow on Thursday. HIGHLIGHTS * Avery Dennison Corp AVY.N : JP Morgan cuts to neutral from overweight * Coca-Cola Co KO.N : JP Morgan cuts target price to $75 from $78 * Nextera Energy Partners LP NEP.N : JP Morgan raises to neutral from underweight *
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ServiceNow Inc reports results for the quarter ended in September 30 - Earnings Summary

ServiceNow Inc reports results for the quarter ended in September 30 - Earnings Summary ServiceNow Inc NOW.N reported quarterly adjusted earnings of $3.72​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $2.92. The mean expectation of thirty analysts for the quarter was for earnings of $3.46 per share.
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Servicenow Names Enterprise Software Industry Veteran Amit Zavery As President, CPO And COO

BRIEF-Servicenow Names Enterprise Software Industry Veteran Amit Zavery As President, CPO And COO Oct 23 (Reuters) - ServiceNow Inc NOW.N : SERVICENOW NAMES ENTERPRISE SOFTWARE INDUSTRY VETERAN AMIT ZAVERY AS PRESIDENT, CPO, AND COO TO LEAD PRODUCT AND ENGINEERING Source text for Eikon: ID:nBwbc4tbma Further company coverage: NOW.N
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Servicenow Partners With Nvidia To Accelerate Enterprise Adoption Of Agentic Ai

BRIEF-Servicenow Partners With Nvidia To Accelerate Enterprise Adoption Of Agentic Ai Oct 23 (Reuters) - ServiceNow Inc NOW.N : SERVICENOW PARTNERS WITH NVIDIA TO ACCELERATE ENTERPRISE ADOPTION OF AGENTIC AI Source text for Eikon: ID:nBw5srBp9a Further company coverage: NOW.N
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ServiceNow forecasts quarterly subscription revenue above estimates as AI boosts demand

ServiceNow forecasts quarterly subscription revenue above estimates as AI boosts demand Oct 23 (Reuters) - ServiceNow NOW.N forecast fourth-quarter subscription revenue above Wall Street estimates on Wednesday, indicating a robust demand as businesses turn to its AI-driven products for managing their IT services. The Santa Clara, California-based company also raised annual subscription revenue forecast, driven by demand from both new and existing customers.
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ServiceNow Q3 Adjusted Net Income USD 775 Million Vs. IBES Estimate USD 721.6 Million

BRIEF-ServiceNow Q3 Adjusted Net Income USD 775 Million Vs. IBES Estimate USD 721.6 Million Oct 23 (Reuters) - ServiceNow Q3 EPS USD 2.07. Q3 adjusted operating income USD 872 million vs. IBES estimate USD 812.6 million Q3 net income USD 432 million Q3 adjusted free cash flow USD 471 million Q3 subscription revenue USD 2,715 million Q3 operating income USD 418 million Q3 revenue USD 2,797 million vs.
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What to Watch in the Day Ahead - Wednesday, October 23

What to Watch in the Day Ahead - Wednesday, October 23 The Day Ahead is an email and PDF publication that includes the day's major stories and events, analyses and other features. To receive The Day Ahead, Eikon users can register at DAY/US . Thomson One users can register at RT/DAY/US. All times in ET/GMT Wall Street expects Tesla to post a 9% rise in quarterly revenue when the electric vehicle maker reports third-quarter results.
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ServiceNow Inc <NOW.N> expected to post earnings of $3.46 a share - Earnings Preview

ServiceNow Inc expected to post earnings of $3.46 a share - Earnings Preview ServiceNow Inc NOW.N , NOW is expected to show a rise in quarterly revenue when it reports results on October 23 for the period ending September 30 2024 The Santa Clara California-based company is expected to report a 19.9% increase in revenue to $2.743 billion from $2.29 billion a year ago, according to the mean estimate from 30 analysts, based on LSEG data.
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U.S. Centerspace, Gilead, Gitlab

U.S. RESEARCH ROUNDUP-Centerspace, Gilead, Gitlab Oct 21 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Centerspace, Gilead and Gitlab, on Monday. HIGHLIGHTS * Centerspace CSR.N : Raymond James cuts to market perform from outperform * Euronet Worldwide Inc EEFT.O : Citigroup cuts to neutral from buy * Gilead GILD.O : Leerink Partners raises to outperform from market perform * Gitlab Inc GTLB.O : Needham raises to bu
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What to Watch in the Week Ahead and on Monday, October 21

What to Watch in the Week Ahead and on Monday, October 21 The Day Ahead is an email and PDF publication that includes the day's major stories and events, analyses and other features. To receive The Day Ahead, Eikon users can register at DAY/US . Thomson One users can register at RT/DAY/US. All times in ET/GMT ON MONDAY Federal Reserve Bank of Dallas President Lorie Logan will speak and participate in a moderated question-and-answer session before the 2024 SIFMA (Securities Industry and Financial
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U.S. Autozone, State Street, UnitedHealth

U.S. RESEARCH ROUNDUP-Autozone, State Street, UnitedHealth Oct 16 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies including Autozone, State Street and UnitedHealth, on Wednesday. HIGHLIGHTS * Autozone Inc AZO.N : Roth MKM resumes coverage with buy rating; price target $3,634 * Goldman Sachs GS.N : Barclays raises target price to $588 from $565 * ServiceNow Inc NOW.N : Jefferies raises target price to $1,100 from $900 * State St
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Investment wins for UK's new government as it holds summit

FACTBOX-Investment wins for UK's new government as it holds summit Adds further investments LONDON, Oct 14 (Reuters) - British Prime Minister Keir Starmer welcomed global business leaders to London on Monday for an investor summit where companies pledged billions of pounds of investment into Britain. Below is the list of investments announced. IBERDROLA IBE.MC The Spanish renewable power group said it would spend 12 billion pounds ($15.7 billion) to double its investment in its Scottish Power su
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ServiceNow Pledges $1.5 Bln Investment Into UK Business Over Five Years

BRIEF-ServiceNow Pledges $1.5 Bln Investment Into UK Business Over Five Years Oct 14 (Reuters) - ServiceNow Inc NOW.N : SERVICENOW PLEDGES $1.5BN INVESTMENT INTO UK BUSINESS OVER FIVE YEARS SERVICENOW INC - SERVICENOW WILL EXPAND ITS LONDON AND NEWPORT DATA CENTRES WITH NVIDIA GPUS FOR LOCAL PROCESSING OF LLM DATA Source text for Eikon: ID:nBw5SYfT
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US tech firms to invest $8.2 bln in UK data centres

US tech firms to invest $8.2 bln in UK data centres LONDON, Oct 14 (Reuters) - Britain said on Monday that U.S. firms ServiceNow NOW.N , CyrusOne, CloudHQ and CoreWeave would invest a combined 6.3 billion pounds ($8.2 billion) in UK data centre technology. The announcement comes as British Prime Minister Keir Starmer hosts global business leaders at a major investment summit in London.
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