Category: earnings
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Asia stocks fall with Nvidia earnings on tap; Australia dips on sticky CPI By Investing.com
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Most Asian shares fell on Wednesday as technology-based indexes fell ahead of earnings from market darling Nvidia, while Australian shares fell on weak inflation data. Ongoing concerns about China also kept sentiment towards Asia on edge, after Canada said it would impose steep trade tariffs on the region’s largest economy.…
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Nvidia Will Beat Wall Street’s Earnings Estimate by 10% or More on Wednesday
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AI Giant Nvidia (NASDAQ: NVDA) Saudi Telecom Company (SABIC) is scheduled to announce its results for the second quarter of fiscal year 2025 (ending July 28, 2024) on Wednesday, August 28, after market close. Nvidia’s upcoming earnings release is widely seen as the most anticipated of this quarterly earnings season,…
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HP Q3 2024 Earnings Preview: In-line expectations on seasonal demand (NYSE:HPQ)
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HP (NYSE:HPQSaudi Telecom Company (SABIC) is scheduled to announce its third-quarter earnings results on Wednesday, August 28, after the market closes. Analysts expect earnings of $0.86 per share (flat year-over-year) on revenue of $13.36 billion (+1.2% year-over-year). The company is expected to post consistent results. With the onset of seasonal…
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S&P 500, Nasdaq slump as Nvidia struggles ahead of earnings
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U.S. stocks were mixed in choppy trading on Monday, with technology leading the declines as investors assessed the imminent arrival of interest rate cuts and prepared for a busy week dominated by Nvidia’s (NVDA) earnings report. The Dow Jones Industrial Average (^DJI) briefly hit fresh intraday highs before paring gains…
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US stock futures edge lower with Nvidia earnings, rate cuts in focus By Investing.com
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U.S. stock index futures were lower in overnight trading on Sunday, slowing after a rally on Wall Street as comments from Federal Reserve officials bolstered expectations for an interest rate cut in September. But caution is setting in ahead of a series of key signals this week, most notably earnings…
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US stock futures edge lower with Nvidia earnings, rate cuts in focus By Investing.com
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U.S. stock index futures were lower in overnight trading on Sunday, slowing after a rally on Wall Street as comments from Federal Reserve officials bolstered expectations for an interest rate cut in September. But caution is setting in ahead of a series of key signals this week, most notably earnings…
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Newsquawk Week Ahead: Highlights include US PCE, UoM, Global CPI’s, and NVDA earnings
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MondayUK Market Holiday (Bank Holiday), German Ifo Index (August) Tuesday: China central bank meeting minutes, China industrial profits (July), German GfK consumer confidence (September) Get married:Australian CPI (July), NVIDIA (NVDA) Earnings (Q2) ThursdaySpanish CPI (Aug), German Länder CPI (Aug), Eurozone Sentiment Survey (Aug), US GDP (2nd) and Personal Spending Index…
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Akash, Render, Bittensor tokens brace for Nvidia earnings
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Cryptocurrencies and AI-focused stocks will be in the spotlight next week when Nvidia releases its quarterly results after the closing bell on Wednesday, August 28. Prior to the event, Akash Network (AKT) had surged by 10% in the past seven days. Similarly, Bittensor (TAO), Render Token (RNDR), and Artificial Superintelligence…
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Earnings season was a better guide to the economy than the data
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Walmart CEO Doug McMillon The stock market’s big turnaround in August was impressive in many ways, but when I step back, there’s a big question being asked and answered: Is the Fed behind the curve? This issue involves a set of assumptions about the US economy, and if we look…
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Cava reports juicy earnings as steak launch, sales growth pushes stock to all-time high
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CAVA is offering some tasty numbers to its investors. After the market closed on Thursday, the Mediterranean fast-food chain reported second-quarter results that beat estimates across revenue, earnings and same-store sales. Net sales rose 35.2% year over year to $233.5 million, compared with expectations of $219 million. Adjusted earnings per…
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Buffett’s new stock pick likely to deliver an earnings miss: Citi By Investing.com
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Warren Buffett’s latest investment in Ulta Beauty (NASDAQ:) could get off to a rocky start, according to analysts at Citi. Despite the excitement surrounding Berkshire Hathaway’s (NYSE:) new stake in the beauty retailer, Citi expects Ulta Beauty to likely miss its Q2 2024 earnings targets, citing several factors. As a…
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Australia’s Westpac posts steady Q3 profit, helped by higher capital earnings By Reuters
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(Reuters) – Australia Westpac Banking New York Stock Exchange (NYSE:) Corp. said Monday that third-quarter net income was largely in line with a year ago, as higher gains on capital and protected deposits offset rising expenses and bad loans. Based on the company’s average quarterly performance in the first half…
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The focus will shift to the US consumer with retail sales and Walmart earnings Thursday
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On Thursday, the focus of U.S. markets will shift from inflation to consumer health. Interest rates are starting to weigh on the market as a number of major companies, including Home Depot and McDonald’s, announce spending cuts. Spending so far appears to have been hit hardest in interest-rate sensitive areas,…
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Sportradar sees bulls and bears weigh in after earnings (NASDAQ:SRAD)
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Just_Super/E+ via Getty Images Jefferies has updated Sportradar Group AG (NASDAQ: SARAD) to a Buy rating from Hold on Wednesday after reading the company’s second-quarter earnings report. Analyst David Katz highlighted the significant progress Sportradar (SRAD) has made in demonstrating the strength of “The industry dynamics are currently in favor…
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Australia’s Challenger climbs to 1-1/2-year high on bright outlook, annual earnings beat By Reuters
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By Rajasik Mukherjee (Reuters) – Challenger Ltd shares rose to their highest in about 16 months on Tuesday after the Australian investment manager beat estimates on annual profit, while investors also welcomed its earnings outlook for fiscal 2025. The stock rose about 10% to its highest level since Feb. 20,…
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Hard hats or party hats? Walmart earnings could shake up the retail sector (NYSE:WMT)
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Marvin Samuel Tolentino Pineda Walmart (New York:WMT) is heading into its earnings report on August 15 with high expectations after a 29% year-to-date surge. Consensus estimates from analysts are calling for Walmart (WMT) to report revenue of $167.3 billion, earnings per share of $0.65, and comparable sales growth in the…
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Pagaya surpasses Q2 2024 earnings, raises full-year outlook By Investing.com
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Pagaya Technologies Inc. (NASDAQ:), a leading financial technology company, has reported robust financial results for the second quarter of 2024, exceeding its own revenue and adjusted EBITDA guidance. The company has raised its full-year outlook for both metrics, citing strong growth in fee revenue less production costs (FRLPC) and the…
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Outset Medical reports disappointing earnings in second-quarter By Investing.com
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Outset Medical (NASDAQ: OM), a medical technology company, reported second-quarter earnings for 2024 that missed market expectations, primarily due to a slower ramp-up of its TabloCart product and an extended sales cycle. Despite these challenges, the company highlighted several positive aspects of its performance, such as strong treatment sales and…
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10 learnings from this earnings season By Investing.com
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The second quarter saw a mix of positive and negative surprises, leading to increased market volatility in recent weeks. In a note to clients published Wednesday, analysts at Societe Generale highlighted 10 lessons learned from the ongoing reporting season. 1)’Strong EPS, Weak SalesIn the second quarter, 78% of companies exceeded…
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What will be the main earnings releases for the week starting August 5
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This week was certainly the biggest of the quarter, with 4 of the 7 “Magnificent 7” announced including Meta, Apple, Amazon and Microsoft. How did those stocks perform this week? Two stocks rose and two fell, with Amazon the worst performer as it failed to generate revenue (its first failure…