Tag Archives: earnings

IBM’s results outpaced expectations for income and revenue. The company began selling the z16 mainframe computer during the quarter, leading Z systems sales to jump 69%, compared with a decline of 19% in the prior quarter.IBM’s revenue rose 9% year over year in the quarter, according to a statement. Income …

US equities fell sharply into the final hour of trading Monday following Apple’s plans to slow hiring and curb spending next year to prepare for a possible recession. The hiring slowdown and cuts to spending will take place across certain divisions and stem from a move to “be more careful …

Oil prices are expected to slip towards $90.00 due accelerating global recession-linked fears. Lockdown in China and interest rate hikes by Western central banks have also trimmed oil price forecasts.WTI futures have displayed a steep downside after surrendering the psychological support of 100.00 last week. Crude oil recorded three-month low …

PepsiCo reported strong performance on several fronts. On Tuesday morning, premarket session did not look as positive as Monday’s Wall Street. Awaiting US CPI data has turned Tuesday into a kind of a waiting lounge for the markets. The Earnings season is starting this week, and one of the first …

The three major US equity indices drop between 0.29% and almost 2%. Risk-aversion dominates Monday’s trading session. China’s covid-linked fears, in addition to hot inflation drag corporate profits lower as the earnings session approaches. US equities broke five days of consecutive gains, trading lower on Monday, courtesy of risk aversion …

Citigroup Inc. C, +1.91% and Wells Fargo & Co. WFC, +1.91% both report earnings on Friday, July 15, while Bank of America Corp. BAC, +1.38% and Goldman Sachs Group Inc. GS, +0.74% weigh in on July 18. The detachment between healthy business performance and poorly share prices in 2022 seems …

US equities ended a choppy session higher on Friday, as equities steadied after their worst start to the year in decades. The S&P 500 rose by about 1.1% to end at 3,825.33 after fluctuating between gains and losses throughout the session. The Dow Jones Industrial Average added 322 points, or …

The Bank of Japan will announce its monetary policy decision on Friday, June 17 at 03:00 GMT and as we get closer to the release time, here are the expectations forecast by the economists and researchers of six major banks.The BoJ could most likely remain the same dovish stance by …

The China Passenger Car Association (CPCA) said US electric car maker Tesla sold more than 32,000 Chinese-made cars in May, including 22,000 that were exported. The association added that the Tesla factory in Shanghai produced more than 33.5 thousand cars in May, an increase of 212% from April, and total …

Microsoft stock slips to become the latest company to warn of the US dollar’s impact on financials. The Tech giant also dropped its gross-margin guidance.Microsoft cut sales and earnings guidance for the current quarter, citing the impact of foreign exchange rates as the stronger dollar takes a toll. The software …