Beyond forecasts, Amazon’s performance during Q1 was a remarkable success, with continued dominance in both cloud computing and e-commerce. The path ahead is not free from challenges, though. To sustain development trajectory, Amazon needs to strategically manage issues including consumer spending patterns, address intensifying competition, and economic concerns. The massively …
Read More »British Retail Sales Remain Steady in February
British retail sales defied expectations by holding steady in February, following a revised 3.6% increase in January, according to figures released by the Office for National Statistics on Friday. Economists surveyed by Reuters had anticipated a 0.3% decline in sales volumes for the month. Heather Bovill, senior statistician at the …
Read More »Nvidia’s Q4 results beat Wall Street’s expectations
Nvidia stock is soaring despite Wall Street’s bad week. Nvidia will pay its next quarterly cash dividend of $0.04 per share on March 27, 2024, to all shareholders of record on March 6, 2024.Nvidia reported earnings after the bell, on Wednesday, beating analysts’ estimates on the top and bottom lines. …
Read More »McDonald’s stock slightly dipped after sales disappoint
McDonald’s stock fell marginally in premarket trade Monday as the world’s largest fast food restaurant failed earnings projections and, like Starbucks last week, blamed weaker sales on the Israel-Hamas war.McDonald’s reported Q4’s revenue of $6.41 billion, 7.5% higher than the $5.92 billion recorded in the same period previous year and …
Read More »McDonald’s earnings higher than market expectations
McDonald’s achieved profits that surpassed market expectations after achieving significant growth in its international sales in the quarter ending last September.McDonald’s profits rose to $3.19 per share in the third quarter of 2023, versus expectations of $3.00 per share.The company’s revenues also rose to $6.69 billion in the quarter ending …
Read More »UK retail sales rise more than expected in April
Retail sales climbed by 0.5% after falling by 1.2% in March. This was more than the 0.3% growth predicted by experts. Food shop sales increased by 0.7%, while non-food store sales increased by 1%. Other retail and department store sales increased by 2.1% and 1.7%, respectively, month over month. ONS …
Read More »UK retail sales dip in May
The CBI said sales balance decreased to -10 in May from +5 the previous month, falling short of consensus estimates of +10. “Retailers continue to face a challenging trading environment, with firms reporting disappointing sales and formidable inflationary pressures,” said CBI chief economist Martin Sartorius. As a result, they must …
Read More »UK Retail Sales fall 1.0% MoM in December
The UK Retail Sales arrived at -1.0% over the month in December vs. -0.5% previous. The Core Retail Sales, stripping the auto motor fuel sales, fell by 1.1% MoM vs. -0.3% previous. On an annualized basis, the UK Retail Sales plunged 5.8% in December versus -5.7% prior while the Core …
Read More »Retail sales in Britain contracted and recorded a negative reading
The data of the National Statistics Office issued in Britain today, Friday, showed that the retail sales index recorded a negative reading, as Britain witnessed a contraction in retail sales by 0.4% last November, which is worse than the market’s expectations of an index growth of about 0.3%, after the …
Read More »UK Retail Sales jump 0.6% MoM in October
The UK retail sales arrived at 0.6% over the month in October vs. 0% expected and -1.5% previous. The core retail sales, stripping the auto motor fuel sales, rose 0.3% MoM vs. 0.6% expected and -1.5% previous. On an annualized basis, the UK retail sales plunged 6.1% in October versus …
Read More »