Q4 2018 earnings

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

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 Oklahoma City Thunder guard Josh Giddey had a spectacular rookie season. The second-youngest player in the NBA during the 2021-22 season, he proved to be one of the most promising prospects in the league. As such, Giddey earned Kia NBA All-Rookie Second Team honors on Wednesday night. He became one of ten rookies to be named to an NBA All-Rookie team and made Thunder history as the fourth player in franchise history to earn NBA All-Rookie team honors. First Team: Scottie Barnes (Toronto) Cade Cunningham (Detroit) Jalen Green (Houston) Evan Mobley (Cleveland) Franz Wagner (Orlando) Second Team: Ayo Dosunmu (Chicago) Chris Duarte (Indiana) Josh Giddey (Oklahoma City) Bones Hyland (Denver) Herbert Jones (New Orleans) A starter from day one in Oklahoma City, Giddey immediately made it clear why he was the No. 6 overall pick in the 2021 NBA Draft. With a unique combination … [Read more...] about Future Thunder Star Josh Giddey Earns NBA All-Rookie Second Team Honors

A management reset may be in order at The Boeing Company (BA) , contends the CEO of Irish budget carrier Ryanair Holdings PLC ( RYAOF ), after a string of delivery delays and disputes over pricing negotiations have clouded the business relationship of the two companies. Key Takeaways Ryanair CEO Michael O'Leary said that Boeing's management needs a shakeup after a number of delivery delays and stalled pricing negotiations with the company. Ryanair ended negotiations to purchase up to 250 MAX 10 planes in September 2021 after pricing negotiations with Boeing broke down. Boeing's 737 MAX 10 and 787 Dreamliner have suffered major delivery delays due to certification and manufacturing issues. Faster-than-expected deliveries of Boeing's MAX 10 and Dreamliner could bring on a sharp rally in the company's share price. Ryanair Chief Executive Michael O'Leary lambasted the aerospace company's management at the airline's quarterly earnings conference call on Monday, … [Read more...] about Boeing (BA) Takes Heat From Top European Customer Ryanair

- 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

Maya Sree operating a drone Maya Sree, who goes by only one name, left her hometown in 2018, when she decided to live her life as a transwoman. Her parents did not accept her the way she was, or the jobs that she had taken up earlier to support herself. “But when my parents came to know that I was working for Dhaksha in Anna University campus, I received a call from my family, and they spoke to me, and told me that they were very proud of me. Personally, it’s not just a job for me but a new life,” Maya Sree, a Directorate General of Civil Aviation (DGCA)-certified drone pilot of the Chennai-based Dhaksha Unmanned Systems (DUMS) told Moneycontrol. Maya Sree, along with course mates Pragya, Sai and Rahmatullah, are the first from the transgender community in India to be appointed as drone pilots. They underwent intensive training before being absorbed by the company which operates drones with applications in surveillance, agriculture and defence. For them, this job at DUMS gives … [Read more...] about For four from trans community, drone pilot jobs give the wind beneath their wings

Share to Twitter Share to Linkedin Topline The U.S. Soccer Federation has reached new historic collective bargaining agreements to ensure equal pay and prize money for its men’s and women’s national teams, it said Wednesday morning, following a years-long battle fought by the four-time World Cup-champion women’s national team to guarantee equal compensation. Key Facts The two collective bargaining agreements—which last through 2028—include identical pay for all international soccer competitions, including the FIFA World Cup. U.S. Soccer will become the first national governing body to ensure equal prize money from FIFA by pooling prize funds and splitting them equally among the men and women’s national teams beginning with the 2022 Men’s tournament and the 2023 Women’s World Cup. Men’s and women’s national team players will also earn identical game bonuses, the federation said. The deals come three months after U.S. Soccer settled … [Read more...] about Soccer Federation Reaches Historic Deals Guaranteeing Equal Pay For Men And Women Players

Graphics chipmaker NVIDIA Corporation ( NVDA ) has agreed to pay $5.5 million to settle charges leveled by the Securities and Exchange Commission (SEC) that it failed to adequately inform investors about the demand cryptocurrency miners had placed on its graphics cards. Crypto mining involves obtaining rewards earned in cryptocurrency for verifying transactions on distributed blockchain ledgers. Key Takeaways NVIDIA has agreed to pay $5.5 million for failing to adequately inform investors about the demand cryptocurrency miners had placed on its graphics cards. The SEC claimed NVIDIA failed to report that crypto mining had generated significant revenue growth in two consecutive quarters during its 2018 fiscal year. In March 2021, NVIDIA released a new series of semiconductors called Cryptocurrency Mining Processor (CMP), specifically designed for mining Ether. Demand for the company's CMP hardware has slumped in line with sharp falls in cryptocurrency prices. … [Read more...] about NVIDIA (NVDA) Fined $5.5M for Failing to Disclose Crypto Mining Impact

In a landmark deal, soccer players of the U.S. men’s and women’s national teams will now be paid equally, including per-game fees and prize money from official tournaments, such as the FIFA World Cup. advertisement advertisement The agreement is a major win for women’s soccer —a victory claimed just six months before men’s soccer kicks off its quadrennial World Cup in Qatar this fall. According to the terms of the new deal, U.S. men’s and women’s players will take home the same paychecks for international matches ($18,000 to $24,000, depending on the tier of competition), and more notably—in a groundbreaking scheme for the sports world—will pool the prize money received from FIFA, the global governing body of soccer, for participating in the World Cup, to be divided evenly among the two teams. That first-of-its-kind scheme resolves what was the greatest tripping point on the path to equal pay. Historically, the gulf in prize money has been … [Read more...] about Equal pay comes to U.S. soccer: Here’s what to know about the landmark win for women players