Trader Michael Milano works March 12, 2019, on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, April 23. (AP Photo/Richard Drew, File) The S&P 500 hit an all-time high Tuesday, marking the stock market’s complete recovery from a nosedive at the end of last year. The benchmark index’s previous record was set last September, shortly before the market sank in the fourth quarter amid fears of a recession, an escalating trade war between the U.S. and China, and concern the Federal Reserve was moving too aggressively to raise interest rates. Those concerns have eased or taken a back seat to more optimism among investors this year. Investors are more confident in the prospects for steady, if slower, growth. And they’ve been encouraged by an increasingly hands-off Federal Reserve, which has signaled this year that it may not raise interest rates at all in 2019 after seven increases the prior two years. Traders are also … [Read more...] about First-quarter earnings may boost S&P 500 index to record high
First quarter earnings
SEOUL (Reuters) - Samsung Electronics said on Tuesday that it expects its first quarter earnings to fall short of market expectations as declines in its memory chip prices have increased. In a rare announcement ahead of its actual earnings guidance, Samsung pointed to weak chip demand and slowing demand from its display panels customers. "The company expects the scope of price declines in main memory chip products to be larger than expected," Samsung said in a regulatory filing. The South Korean tech giant is expected to post its guidance for first quarter earnings early next month. "Inventories piling up on its memory chip side and weak performance of its display panels business due to bad sales in Apple's iPhones bring worse profitability for Samsung," said Lee Won-sik, an analyst at Shinyoung Securities. Samsung is the world's biggest memory chip maker and also manufactures display panels for smartphones. Samsung did not elaborate on the purpose of its regulatory filing. A company … [Read more...] about Samsung Electronics expects first quarter earnings to miss market forecasts
FILE PHOTO - Attendees at Samsung Electronics Co LtdÕs Unpacked event test out the company's new devices in in San Francisco, California, U.S., February 20, 2019 REUTERS/Stephen Nellis SEOUL (Reuters) - Samsung Electronics said on Tuesday that it expects its first quarter earnings to fall short of market expectations as declines in its memory chip prices have widened. Samsung in a regulatory filing pointed to weak chip demand and slowing demand from its display panels customers. The South Korean tech giant is expected to post its guidance for first quarter earnings early next month. Reporting by Ju-min Park and Heekyong Yang; Editing by Richard Pullin … [Read more...] about Samsung Electronics expects first-quarter earnings to miss market…
NEW YORK (Reuters) - Analysts expect first-quarter earnings for S&P 500 companies to decline 0.1 percent from a year earlier, which would be the first quarterly profit decline for the group since 2016, according to IBES data from Refinitiv. The latest forecast is down sharply from the start of the year, when analysts estimated growth of 5.3 percent for the first quarter. The second quarter of 2016 was the last in a four-quarter profit recession for the S&P 500. Profit estimates have fallen sharply in recent months amid increased worries over lower global growth, particularly in China, and weaker outlooks from top technology names like Apple. Forecasts for energy companies have dropped as well, following the recent plunge in oil prices. (Reporting by Caroline Valetkevitch) … [Read more...] about S&P 500 first quarter earnings seen declining from year earlier
By Jay Greene The Wall Street Journal Wed., Oct. 24, 2018 Microsoft Corp., whose earnings in recent years have been driven by gains in its cloud-computing and productivity-software businesses, is scheduled to report fiscal first-quarter earnings after the market closes Wednesday. Here’s what to expect. EARNINGS FORECAST: As of Tuesday, analysts surveyed by S&P Global Market Intelligence expected Microsoft to report earnings of 96 cents a share. A year ago, the company had $6.58 billion (U.S.) in net. REVENUE FORECAST: The analysts expected revenue of $27.92 billion, up from $24.54 billion a year earlier. What to Watch: AZURE DECELERATION: Microsoft’s Azure cloud-computing business has been a key engine of growth for the last several years. But it is getting to a size where the pace of gains is unlikely to continue, said Stifel Nicolaus & Co. analyst Brad Reback. Azure revenue likely grew about 85% from a year earlier, Mr. Reback wrote in a recent … [Read more...] about What to expect when Microsoft Corp reports fiscal first-quarter earnings.