Altria earnings estimates

Key Takeaways Analysts estimate adjusted EPS of $1.48 vs. $1.69 in Q1 FY 2022. U.S. comparable sales (excluding fuel sales) are expected to rise YOY, but at less than half the pace of the same quarter a year ago. Revenue is expected to barely increase for the second straight quarter as the boost from the pandemic continues to wear off. Walmart Inc. ( WMT ), one of the world's biggest retailers, enjoyed unusually strong earnings and revenue growth during the past two years. The key driver was consumers who changed their buying patterns in several ways during the pandemic. Walmart's e-commerce sales soared as people sheltering at home boosted their shopping online. And consumers also spent more on manufactured goods as they spent less on dining out and traveling. But these pandemic-related forces are beginning to lose momentum. As a result, Walmart's growth has begun to slow sharply. Investors will be watching whether Walmart can reverse its slowdown in growth when … [Read more...] about Walmart Q1 FY2023 Earnings Report Preview

Shares of Target ( TGT ) fell nearly 25% in early Wednesday trading, after the retailer reported earnings that came in far below analysts’ expectations. The company reported adjusted earnings per share (EPS) of $2.19, far below consensus estimates of $3.07. Key factors weighing on the company’s first-quarter earnings included higher freight costs associated with supply chain disruptions, higher markdowns , and lower-than-expected sales of discretionary items. Despite these challenges, the company reported better-than-expected revenue of $25.17 billion, versus expectations of $24.49 billion. Net income , however, came in decisively below expectations at $1.01 billion, or $2.16 per share, compared to $2.1 billion a year earlier. The retailer’s adjusted earnings per share of $2.19, which excludes certain items, fell 41% compared to a year prior. Target’s disappointing earnings report comes a day after rival retailer Walmart ( WMT ) also underperformed its earnings … [Read more...] about Target Earnings Disappoint

Share to Twitter Share to Linkedin Faster, higher, stronger: It’s an attitude that pays off on the field as well as off it. The world’s 50 highest-paid athletes raked in $2.97 billion before taxes and agents’ fees over the 12 months ending May 1, smashing 2021’s record total of $2.76 billion. This year’s list features many more notable numbers, however. Here’s a breakdown. 3: The number of athletes who surpassed $100 million in total earnings over the last 12 months. LeBron James, with $121.2 million, reaches the milestone for the first time on the Forbes athletes list while Lionel Messi ($130 million) and Cristiano Ronaldo ($115 million) are each five-time members of the century club. Only seven other athletes have ever accomplished the feat: Roger Federer, Floyd Mayweather, Conor McGregor, Neymar, Manny Pacquiao, Dak Prescott and Tiger Woods. 6: The number of athletes in the top 50 who had never appeared on a Forbes athletes list: … [Read more...] about The 50 Highest-Paid Athletes Made Nearly $3 Billion; Here’s A Breakdown Of The Numbers

U.S. equity markets are falling as tensions ratchet higher between Russia and Ukraine, with U.S. officials saying they expect a Russian attack on its neighbor shortly. Major indexes are heading for weekly declines and the Nasdaq is adding to its nearly 14% drop so far this year. Key Takeaways U.S. equity markets are falling as investors watch developments in the ongoing tensions between Russia and Ukraine. Major indexes are heading for weekly declines and the Nasdaq is adding to its nearly 14% drop so far this year. Roku shares are plunging while FAAMG stocks, Tesla, and Intel all slide. Shares of all the FAAMG tech companies are lower. Tesla Inc. ( TSLA ) shares are declining 3%. Shares of semiconductor companies are dropping after Intel Corp. ( INTC ) warned of lower profit margins this year. Roku Inc. ( ROKU ) shares are plunging on its earnings report (more below). Shares of big industrial firms including Boeing Co. ( BA ), Honeywell International … [Read more...] about Russia–Ukraine Tensions Soar as Shelling, War Talk Increase; Investors Flee Stocks

- A + A KUALA LUMPUR (May 18): Lion Posim Bhd is forming an unincorporated joint venture (JV) to undertake a mixed residential and commercial development in Shah Alam, with a gross development value of RM867 million. The group, via its unit Lion Posim Waterfront Sdn Bhd on Wednesday (May 18) entered into a conditional development agreement with a unit of Selangor Menteri Besar Inc, Landasan Lumayan Sdn Bhd, for the development on a parcel of land to be alienated by the Selangor State Government to Landasan Lumayan, measuring approximately 26.29 acres in Section 24, Shah Alam. “The land is accessible via Federal Highway, Lebuhraya Kemuning Shah Alam (LKSA) and Konsortium Expressway Shah Alam Selangor (KESAS) and has a long river frontage of Sungai Klang and is mostly surrounded by low and medium-end housing. The area is densely populated, which is suitable for residential development. Currently, there are no new developments of residential and commercial properties in … [Read more...] about Lion Posim forms JV with Selangor government for mixed residential development in Shah Alam

SLUM COMPLEX = Residents of a small apartment building in Tondo, Manila, do their house chores outside their units. A Philippine household needs to earn more than P12,082 a month to meet its members’ basic needs. (REUTERS FILE PHOTO) MANILA, Philippines — An estimated 10.9 million Filipino families considered themselves “poor” in the first quarter of the year, the latest Social Weather Stations (SWS) survey showed. A survey conducted from April 19 to 27 showed that 43 percent of Filipinos rated themselves as “poor” while 34 percent felt “borderline poor.” Twenty-three percent, meanwhile, considered themselves “not poor,” according to the survey, which was released Wednesday. The SWS said these levels are similar to those in December last year, when 43 percent of families felt “poor,” 39 percent considered themselves as “borderline poor” while 19 percent felt “not poor.” “The estimated numbers of Self-Rated Poor families are 10.9 million in April 2022 and 10.7 … [Read more...] about 10.9M Filipino families felt ‘poor’ in Q1 of 2022 – SWS survey

- A + A HONG KONG (May 18): Smarting from HSBC Holdings Plc’s move to scrap its dividend during the height of the pandemic, the bank’s largely silent mass of retail shareholders in Hong Kong is warming up to the idea of a breakup. Splitting up Europe’s biggest bank to separate out its Asian operations is being pushed by its largest investor, Ping An Insurance Group Co, based just across the border in Shenzhen. The call is winning support in Hong Kong’s retail base, which owns about a third of the bank, with some seeing it as a surefire way of preventing the steady stream of payouts from being cut off again. Their loyalty has been tested as numerous pivots in strategy fail to impress the market, leaving dividends at half of what they were in 2018 and the stock down more than 40%. The former British colony is the beating heart of the bank’s global operations, accounting for about 30% of the group’s 2021 adjusted profits. Yet decisions such as the halting of dividends … [Read more...] about HSBC’s mass of Hong Kong retail investors warms to breakup

For many investors, retirement planning represents the bulk, or even the sum total, of their investment activity. As of 2020, there were roughly 60 million active 401(k) participants, in addition to former employees and retirees. But while millions of adults in the United States contribute toward retirement, views on retirement investing and all that goes along with it are anything but uniform. Investopedia conducted a online survey of 4,000 U.S. adults to quantify Americans’ understanding of financial literacy on a generational level, from baby boomers down to Generation Z. Below, we explore some of the top findings of this survey as it pertains to retirement investing and planning. Key Takeaways A small majority of U.S. adults expect to retire, with Gen Z the most optimistic about retiring early. Two-thirds of millennials and Gen X adults are planning for retirement, as are 42% of Gen Z members. Younger generations believe that cryptocurrencies will feature … [Read more...] about Multigenerational Survey Shows How Retirement Planning Is Changing

Share to Twitter Share to Linkedin Topline One of the rarest and most valuable rookie cards of basketball legend Michael Jordan is expected to sell for as much as $3 million when it goes to auction next month as the market demand for sports memorabilia continues to ramp up, particularly for items tied to Jordan in the wake of the popular 2020 documentary series The Last Dance . Key Facts A Michael Jordan Upper Deck Signed 1986 Fleer #57 Rookie Card in top condition is estimated to sell for between $2 million and $3 million as part of a special online-only auction next month at Christie’s, the auction house said. If the card sells within that seven-figure price range, it will rank among the most expensive trading cards ever sold, led by a Lebron James Rookie Patch Auto Parallel card that fetched a record-breaking $5.2 million last year. Between 2006 and 2007, buyers who were lucky enough to pull a rare Fleer 20th anniversary card … [Read more...] about Rare Michael Jordan Rookie Basketball Card Could Sell For Up To $3 Million At Auction