Toyota shares hit record high after earnings upgrade, domestic rivals in focus
TOKYO (Reuters) – Toyota Motor shares hit a record high on Wednesday after its earnings upgrade the prior day, with rivals Honda and Nissan also posting gains on expectations their solid hybrid…
Sensor maker TE Connectivity beats profit estimates, forecasts robust Q2 earnings
(Reuters) – TE Connectivity Ltd on Wednesday provided an upbeat forecast for second-quarter profit after reporting a better-than-expected quarterly profit, helped by component demand from electric vehicle makers. Shares of the Switzerland-based…
US equity funds see big outflows on rate-cut uncertainty, earnings caution
(Reuters) – U.S. equity funds saw large outflows in the seven days to Jan. 17 as a solid retail sales report and pushback from Federal Reserve officials tempered hopes about a policy…
Fourth-quarter US earnings seen up 4.4% as reporting period kicks off
By Caroline Valetkevitch NEW YORK (Reuters) – Fourth-quarter earnings for S&P 500 companies overall are expected to have increased 4.4% from a year earlier, LSEG data showed on Friday, just as results…
Regional bank ETF’s options draw defensive plays with earnings ahead
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Traders in the U.S. equity options market are guarding against a drop in shares of the biggest regional bank exchange-traded fund, days before reports…
Big US banks to headline corporate bond calendar after earnings
By Matt Tracy (Reuters) – U.S. banks are expected to dominate corporate bond issuance following several major players’ earnings on Friday and early next week, according to bond investors and analysts. January…
High market hopes raise stakes as US stocks face inflation data, earnings
By Lewis Krauskopf NEW YORK (Reuters) – Investors’ hopes are running high to start 2024, which could set up U.S. stocks for a rocky stretch if some expectations are not met. Despite…
Air NZ sees first-half earnings at lower end of forecast
By Echha Jain (Reuters) – Air New Zealand said on Wednesday it expects its first-half earnings to be at the lower end of its forecast, due to weak travel demand and increased…
Citi strategists upbeat on US stocks in 2024, fueled by earnings
By Lewis Krauskopf NEW YORK (Reuters) – The S&P 500 is poised for solid gains next year on strong earnings growth and a broadening of the stock market’s rally, strategists at Citigroup…
Fonterra hikes 2024 earnings, milk price outlook on strong demand
(Reuters) – New Zealand’s Fonterra Co-operative on Thursday increased its fiscal 2024 earnings and farmgate milk price forecasts, citing strengthening demand for reference commodity products from key importing regions. The company hiked…
Prosus reports $2 billion in core earnings, sees e-commerce profitability earlier
By Toby Sterling AMSTERDAM (Reuters) -Prosus NV, a large technology investor, said on Wednesday its core headline earnings increased 118% in the first half of 2024, citing improved profitability in its stable…
Chinese firms set for best earnings growth in seven years in 2024
By Patturaja Murugaboopathy and Gaurav Dogra (Reuters) – Chinese firms are on track for their strongest earnings expansion in seven years in 2024, LSEG estimates based on analysts’ expectations for government measures…
Trading in Nvidia ETFs shows traders preparing for upbeat earnings
By Suzanne McGee (Reuters) – Trading volumes in leveraged ETFs tied to Nvidia on Tuesday showed many traders anticipate yet another upside earnings surprise and bullish outlook when the chipmaker reports quarterly…
Japan’s Nikkei seen rising to 35,000 by mid-2024 on earnings boost: Reuters poll
By Kevin Buckland TOKYO (Reuters) – Japan’s Nikkei 225 share average will continue its more-than-28% rally this year into 2024 to reach a three-decade high of 35,000 by end-June, according to analyst…
Wegovy craze was all the rage on Q3 earnings calls
By Bhanvi Satija and Savyata Mishra (Reuters) – Weight loss was the talk of this earnings season, making names such as Wegovy, Ozempic and Mounjaro the water-cooler discussion that companies across the…
Brazil’s Azul lowers 2023 earnings forecast but sees better 2024
SAO PAULO (Reuters) – Brazilian airline Azul on Tuesday reduced its forecast for core earnings this year due to slower capacity growth and higher jet fuel price volatility but raised its view…
Walmart, Target earnings to offer clues on crucial holiday season
By Siddharth Cavale NEW YORK (Reuters) – With a mixed picture of consumer demand emerging over the past quarter, earnings results from Walmart and Target on Wednesday and Thursday respectively will shed…
Improved profit margins ‘bright spot’ in US earnings season -Goldman strategists
By Lewis Krauskopf NEW YORK (Reuters) – Improving profit margins among U.S. companies are supporting a stronger-than-expected earnings season even as revenues top estimates at rates below the historical long-term average, according…
US company earnings set for biggest quarterly gain in over a year
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. companies are set for their biggest year-over-year gain in quarterly earnings since the second quarter of 2022 after a high percentage of S&P 500…
Half of Japanese firms see earnings risks from Israel-Hamas conflict: Reuters poll
By Daniel Leussink TOKYO (Reuters) – Almost half of Japanese companies see the conflict between Israel and Palestinian militants Hamas potentially hitting their earnings, citing concerns about a further rise in oil…
From Amazon to McDonald’s, strong earnings show U.S. consumer resilience
By Ananya Mariam Rajesh and Aishwarya Venugopal (Reuters) – In a strong quarter for earnings, the big consumer stocks have shone even brighter, thanks to results from McDonald’s, Chipotle Mexican Grill and…
Third-quarter US earnings now seen growing 4.3% year-on-year -LSEG data
NEW YORK (Reuters) – U.S. third-quarter earnings estimates are looking more optimistic, with overall S&P 500 earnings expected to have increased 4.3% from a year ago, LSEG data showed on Friday. That…
Third-quarter US earnings estimate improves slightly -LSEG
NEW YORK (Reuters) – The estimate for U.S. third-quarter earnings has improved slightly this week, with more S&P 500 companies including Microsoft reporting stronger-than-expected results. With results in from 146 of the…
BlackRock warns of US earnings stagnation, remains bullish on AI, Japan
By David Randall NEW YORK (Reuters) – Investors looking toward U.S. corporate earnings growth to revive the rally in the benchmark S&P 500 may be disappointed as inflation remains volatile, strategists at…
Marketmind: Stocks struggle as yields rise, tech earnings loom
A look at the day ahead in European and global markets from Wayne Cole. It’s been a cautious start to the week in Asia as markets wait to see when, or whether,…
Blackstone’s Q3 earnings miss shows toll of interest rate rises
By Chibuike Oguh NEW YORK (Reuters) -Blackstone Inc said on Thursday that its third-quarter distributable earnings fell by a steeper-than-expected 12% year-on-year, as high interest rates weighed on asset values and discouraged…
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