Tag Archives: earnings

As economy and earnings excel, here’s what’s dragging down stocks

Getty Images Pedestrians walk past the New York Stock Exchange. The U.S. economy and corporate earnings continue to impress, but markets’ positive momentum has been sapped by the political follies of the Trump administration. And from a trading perspective, the U.S. dollar is unlikely to stage much of a comeback unless the tone from Washington becomes decidedly more disciplined. It ... Read More »

Market Live: Nifty hits 10,100, Sensex touches 32,600 on F&O expiry, upbeat Q1 earnings

Mumbai: The benchmark BSE Sensex soared to a fresh life-time high of 32,646.21 and the NSE Nifty hit a new high of 10,106.75 on continued buying by investors driven by encouraging earnings by corporates amid positive global cues. Short-covering of bets, Thursday being the last session of July expiry in the derivatives segment, kept the sentiment upbeat. Rising for the second ... Read More »

Earnings, bank shares propel S&P 500 to record high

NEW YORK, JULY 26:   The S&P 500 climbed to an all-time high on Tuesday on a heavy day of corporate results highlighted by well-received reports from McDonald’s and Caterpillar and gains for bank shares. The Nasdaq also managed to set a record high despite declines in Google parent Alphabet after its results. Alphabet shares ended down 2.9 per cent. Shares of McDonald’s rose 4.8 ... Read More »

Market experts analyse Reliance Industries’ Q1 earnings

In an interview to CNBC-TV18’s Anuj Singhal, SP Tulsian of sptulsian.com, Sudeep Anand of IDBI Cap Markets, Prakash Diwan, Market Expert at Altamount Capital Management and Prayesh, AVP -Research IIFL, spoke about Reliance Industries quarterly earnings. Below are excerpts from the conversation Anuj: Looking at the numbers, Rs 7476 crore on refining. Where did that number come from? Tulsian: Extraordinary number, it is ... Read More »

Bank of America Reports Earnings Drop in Q1, Stock Dips

Bank of America has announced its first-quarter results and the outcome is not very positive. The multinational banking corporation has reported a 13 percent decline in first-quarter profit. On a positive note though loan growth and expense cuts have prompted investors to be hopeful about the future. “It wasn’t a great quarter, but it was a normal quarter,” Nancy Bush, ... Read More »

4 Stocks In Buy Range Ahead Of Earnings Reports: Investing Action Plan

Here’s your Investing Action Plan for Tuesday: what you need to know as an investor for the coming day. Fan favorites like Apple (AAPL) and Facebook (FB) give current stockholders reason to cheer but are well above buying range. Even Apple bull Warren Buffett wouldn’t buy its shares again now and is skittish about Amazon.com (AMZN), despite admitting that he ... Read More »

InterGlobe Aviation shares shed 11% to hit one-month low post June quarter earnings

Shares of InterGlobe Aviation tanked over 11 per cent to hit their one-month low after the company, which owns budget carrier IndiGo, reported around 7.4 per cent decline in net profit at Rs 591.77 crore in the June quarter. The company had posted a net profit of Rs 638.89 crore in the same period last fiscal year. Reacting to the ... Read More »

Zim scraps plan to convert dollar earnings to rands, euros

Zimbabwe’s central bank abandoned a plan to convert half of its export earnings into rands and euros as it explores ways to ease a shortage of dollars. In a statement on Tuesday, the institution said it will now require 50% of export earnings to be transferred to a Reserve Bank of Zimbabwe account. The central bank will then immediately credit ... Read More »

Disney reports rare earnings miss, shares sink

Walt Disney Co, an investor favorite for consistently beating Wall Street earnings targets, reported a rare miss on Tuesday as advertising and subscriptions declined at sports channel ESPN and theme park revenue came in weaker than expected. The home of Mickey Mouse got a boost from animated hit film “Zootopia” but it announced an exit from the console video game ... Read More »

Adidas raises 2016 guidance after first-quarter earnings jump

German sporting goods group Adidas (ADSGn.DE) hiked its guidance for 2016 sales and earnings a second time as it reported a 38 percent jump in quarterly underlying profit, citing strong brand momentum. Adidas said on Wednesday it now expected its 2016 currency-adjusted sales to grow by about 15 percent, compared with a previous forecast for a rise of 10 to ... Read More »