Key Takeaways Analysts estimate adjusted EPS of $1.30 vs. $0.91 in Q1 FY 2022. Data center revenue is expected to rise at a torrid pace YOY. Companywide revenue is expected to increase, but at a slower pace than in recent quarters. Nvidia Corp. ( NVDA ) is coming off two years of soaring profits and revenue, much of it spurred by the rise in online activity during the COVID-19 pandemic. The shift to online entertainment and remote work during the pandemic helped fuel demand for both Nvidia's gaming and data center products. Now, Nvidia says it is focusing on building on that growth by investing in new products, including on chips aimed at expanding its lead in artificial intelligence (AI). Investors will be watching to see if Nvidia can maintain its growth when the company reports earnings on May 25, 2022 for Q1 FY 2023. Nvidia's latest fiscal year ( FY ) ended Jan. 30, 2022. Analysts expect adjusted earnings per share ( EPS ) and revenue to grow, but at a … [Read more...] about Nvidia Q1 FY2023 Earnings Report Preview: What To Look For
Evri q2 earnings
Daily Voice | We do not see any significant earnings downgrade risk in Q4FY22, says Shiv Chanani of Elara Securities
Shiv Chanani is the Head of Research at Elara Securities India. "Given that much of the increase in commodity prices has taken place in the second half of the quarter, we do not expect a significant impact on margins in Q4 as companies will be running down inventories," Shiv Chanani, head of research at Elara Securities India, said in an interview to Moneycontrol. However, investors will be interested in listening to the management commentary about the next quarter's outlook, he added. Elara is positive on the BFSI space as it believes that the twin factors of rebound in credit growth and sustained low credit cost would drive earnings growth in the sector, says Chanani, who has more than two decades of experience in equity research and fund management. How do you approach the equity markets shifting focus from geopolitical tensions to corporate earnings and US Fed moves? The market has been able to climb the wall of multiple worries ranging from geo-political issues to … [Read more...] about Daily Voice | We do not see any significant earnings downgrade risk in Q4FY22, says Shiv Chanani of Elara Securities
Plantation and manufacturing segments lift KLK’s 2Q earnings 11.44% y-o-y to RM546.57m
- A + A KUALA LUMPUR (May 24): The plantations and manufacturing segments have lifted Kuala Lumpur Kepong Bhd’s (KLK) net profit for the second quarter ended March 31, 2022 (2QFY22) to RM546.57 million, up 11.44% from RM490.44 million a year earlier. Earnings per share increased to 50.7 sen from 45.5 sen in the previous year. A bourse filing showed that KLK’s revenue in 2QFY22 climbed 41.56% to RM6.38 billion from RM4.51 billion in 2QFY21. The company also declared an interim dividend of 20 sen per share, to be paid on Aug 2. KLK’s plantations segment's 2QFY22 revenue grew 65.4% to RM423.3 million from RM255.87 million, driven by higher crude palm oil (CPO) and palm kernel selling prices and profit contribution from newly acquired subsidiaries. The manufacturing segment’s revenue, meanwhile, jumped 72.6% to RM377.89 million from RM218.97 million on higher contributions from oleochemical division and refineries as well as kernel crushing operations. For the … [Read more...] about Plantation and manufacturing segments lift KLK’s 2Q earnings 11.44% y-o-y to RM546.57m
YouTuberA4 Tops New Survey Of Highest-Earning Gaming Channels – Most Won’t Be So Lucky
Share to Twitter Share to Linkedin A new study conducted by Casinoscore , which analyzed YouTube and Google search data for the most-followed gaming YouTubers, and ranked them according to their estimated earnings per video, found that Belarusian gaming and lifestyle YouTuber A4 has the highest-earning gaming channel on the platform. A4 reportedly made more than $53,000 per video, and had third most followed YouTube gaming channel, registering 39.8 million subscribers, following PewDiePie (111 million) and Fernanfloo (44.9 million). The Latin American YouTuber Fernanfloo also had the second highest-paid channel, earning estimated $42,000 per video, followed by FGTeeV, who made an estimated $27,336 per video. The recent study also found that despite being the most-followed YouTuber, PewDiePie was now sixth in the ranking, earning an average of $14,177 per video. "These figures demonstrate that for millions of people, watching video gamers on … [Read more...] about YouTuberA4 Tops New Survey Of Highest-Earning Gaming Channels – Most Won’t Be So Lucky
What To Watch For Urban Outfitters Stock Past Earnings?
Share to Twitter Share to Linkedin Urban Outfitters (NASDAQ NDAQ : URBN), a lifestyle retailer focusing on young adults and teenagers, is scheduled to report its first-quarter fiscal 2023 (year ending January 2023) results on Tuesday, May 24. We expect the company to likely beat revenue and earnings expectations marginally. Urban Outfitters has performed well in recent years, where in its FY 2022 (year ended Jan 2022) revenues grew 32% to $4.5 billion and earnings per share grew to $3.17 from a mere 1 cent in FY 2021. URBN’s stock is down 11% in the last week after Target TGT warned of rapid changes in consumer spending during the first quarter. While supply chain and inflationary pressures are a major headwind for URBN as well for the upcoming quarter, we believe that URBN’s stock drop came without reward to its individual revenue or expenses considerations. And, that this sell-off in URBN stock might be a tad overdone. Our forecast indicates that … [Read more...] about What To Watch For Urban Outfitters Stock Past Earnings?
HLIB cuts Leong Hup earnings forecasts, downgrades stock to ‘hold’ after 1QFY22 miss
- A + A KUALA LUMPUR (May 25): Hong Leong Investment Bank (HLIB) Research on Wednesday (May 25) cut its earnings forecasts for Leong Hup International Bhd and downgraded the stock to "hold" from "buy" after the company’s latest results missed expectations. The local research house also lowered its target price for the stock to 56 sen from 66 sen. HLIB Research analyst Chye Wen Fei in a Wednesday note cut her core earnings forecasts for Leong Hup for the financial year ending Dec 31, 2022 (FY22) and FY23 by 19.7% and 26.4% respectively, mainly to account for higher feed cost, finance and depreciation charges. The new target price was based on 18 times revised FY23 core earnings per share of 3.1 sen, she added. According to her, Leong Hup's core net profit for the first quarter ended March 31, 2022 (1QFY22) of RM23.5 million (-34.7% quarter-on-quarter; -67.3% year-on-year) missed expectations, accounting for only 14.2% to 17.5% of the consensus and her full-year … [Read more...] about HLIB cuts Leong Hup earnings forecasts, downgrades stock to ‘hold’ after 1QFY22 miss
Farm Fresh 4Q earnings up 51% on increase in sales and price hikes, FY22 profit up 121%
- A + A KUALA LUMPUR (May 24): Farm Fresh Bhd's net profit for the fourth quarter ended March 31, 2022 (4QFY22) surged 50.63% to RM17.68 million from RM11.74 million a year earlier, on a higher gross profit margin. In a bourse filing on Tuesday (May 24), the group said the higher gross margin reflected both an increase in sales as well as a price increase of its chilled ready-to-drink (RTD) milk products and ambient RTD products by an average of 5% which it implemented in September and December 2021 respectively. It noted that gross profit margin improved from 27.6% to 28.6% a year ago. Meanwhile, quarterly revenue was marginally up by 0.44% to RM128.07 million from RM127.51 million. It noted that its Malaysian operation's revenue grew by 6.16% to RM120.68 million from RM113.68 million a year ago, driven by the recovery in economic activities and consumer confidence on the heels of further easing of restrictions and reopening of borders. However, revenue fell … [Read more...] about Farm Fresh 4Q earnings up 51% on increase in sales and price hikes, FY22 profit up 121%
Grasim Industries Q4 Result | Consolidated net profit surges 62% YoY to Rs 2,777 crore
Grasim Industries | CMP: Rs 1,401 | The stock was down over 3 percent after the company declared its March quarter earnings. Aditya Birla Group's flagship firm posted a consolidated net profit of Rs 3,656 crore for the March quarter (Q4FY22), up 57% from a year ago, helped by higher revenues and tax write back. Revenue from operations surged 18% from the year-ago period to Rs 28,811 crore versus Rs 24,402 crore last year in the same quarter. Tax write back for the quarter stood at Rs 464 crore against Rs tax paid of Rs 1,064 crore a year ago. Standalone net profit for the quarter stood at Rs 1,068 crore, up 122% from the March 2012 quarter. Revenue advanced 45% to Rs 6,376 crore. Tax write back for the quarter stood at Rs 406 crore versus tax paid of Rs 126 crore last year. Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Aditya Birla … [Read more...] about Grasim Industries Q4 Result | Consolidated net profit surges 62% YoY to Rs 2,777 crore
Divi’s Lab declines 5% amid concern over ‘unsustainable’ growth
Representative image Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Divi's Laboratories Ltd fell nearly 5 percent to hit near 13-month low on Tuesday, despite a robust performance after analysts warned that the abnormal growth looks unsustainable as the pandemic eased globally. The stock hit a low of Rs 3,676.85 a share on the BSE -- a level lase seen on 5 April 2021 and fell as much as 5 percent from its previous close. At 9.40am, the scrip was trading at Rs 3725 on BSE, down 4.42 percent from its previous close. Divi's Lab net profit increased by 78 percent to Rs 895 crore in the March quarter against Rs 502 crore a year ago. Revenue from operations rose 40 percent to Rs 2,518 crore as against Rs 1,788 crore a year ago. "We believe this abnormal growth was derived from Covid-led drugs (similar to last quarter) and is … [Read more...] about Divi’s Lab declines 5% amid concern over ‘unsustainable’ growth
Meet Rashad And Troy, The Financial Powerhouses Of REVOLT’s Assets Over Liabilities
Share to Twitter Share to Linkedin Rashad Bilal , a financial advisor, and Troy Millings , an educator, have quickly become the cultural kings of financial literacy. The dynamic duo from the Bronx is on a quest to provide access to financial knowledge that the Black community can use to effect real change. They saw a scarcity of information in the financial literacy field when it came to the Black community and began the famed podcast Earn You Leisure (EYL) in January 2019. With just an iPhone, shotgun mics, and the knowledge they held, the cultural shifters had a vision that led them to a level of popularity that piqued the interest of high-profile celebrities such as Steve Harvey, Nick Cannon, Jemele Hill, and many more. Rashad and Troy have since become the go-to resource for financial literacy in the Black community. They sat down with For(bes) The Culture to talk about how they developed their podcast and secured their television deal with … [Read more...] about Meet Rashad And Troy, The Financial Powerhouses Of REVOLT’s Assets Over Liabilities