Earnings Round-Up: US Season Begins to Tail Off
The US March quarter earnings reporting season slows this week, with around 40% of the companies on the S&P 500 still to report from this week onwards.
Read MoreThe US March quarter earnings reporting season slows this week, with around 40% of the companies on the S&P 500 still to report from this week onwards.
Read MoreDemand for gold vanished in the three months to March, especially from the investment sector, which helps explain the softening in prices.
Read MoreUS telco Verizon is looking at getting rid of its media assets including Yahoo and AOL, becoming yet another non-media company taking a massive loss because of its failure in the digital media space.
Read MoreThe quarterly results from Google’s owner Alphabet underline why local media companies and the Australian government are kidding themselves in claiming a big win over Google and Facebook earlier this year.
Read MoreEarlier in the week it was Westpac with some balance sheet tidying up ahead of next week’s interim results; on Friday it was the ANZ with a rather larger amount.
Read MoreCopper heads into the final trading day of April within sight of joining iron ore at all-time highs.
Read MoreAmazon has joined Netflix, Alphabet, Facebook, Apple and Microsoft in confirming that they are now value stocks for the continuing strong growth in earnings.
Read MoreThe first estimate of March quarter economic growth for the US economy confirmed the upgrade from the Federal Reserve to the way it described the growing economic bounce back.
Read MoreFortescue Metals is looking likely to enjoy a substantial surge in revenue for the six months to June that will boost earnings and dividends for shareholders for the full year.
Read MoreSydney based pharmaceutical group Arrotex has entered the McPherson’s fray with their offer of $1.60 a share knocking out the existing $1.34 bid by Melbourne rich-lister Raphael Geminder.
Read MoreShares in Woolworths fell to their lowest level in more than a month on Thursday after the country’s biggest retail group produced weaker than expected sales figures for the third quarter.
Read MoreDespite the upbeat commentary across all its sectors and “strengthening” operating environment, a late selloff saw GPT shares finish Thursday’s trading session marginally weaker.
Read MoreNewcrest Mining, Australia’s biggest gold producer, has joined the generally upbeat parade of Australian resource companies in reporting a solid performance for the three months to March.
Read MoreA bullish third quarter update from property owner and investor GPT with upbeat commentary across all its sectors as the post-pandemic economic recovery continues.
Read MoreApple’s and Facebook’s quarterly performances easily topped all expectations as the megatechs continued to demonstrate why they dominate US investor thinking.
Read MoreWall Street dipped into the red in the final minutes of the session after the US Federal Reserve issued an upbeat assessment of the health of the American economy as it emerges from the pandemic.
Read MoreAustralia exported a record $14 billion worth of iron ore in March, a $2.5 billion increase from February as volumes recovered and prices surged to a series of new highs.
Read MoreAfter being told to expect weaker earnings well in advance, Coles investors were not surprised when the fall did eventuate in the March quarter, according to the retailer’s update on Wednesday.
Read MoreShares in explorer and miner IGO hit a two-month high on Wednesday after a weak underlying quarterly update that was rescued by a huge windfall in currency gains.
Read MoreEconomists think that headline inflation will surge from the March quarter’s annual rate of a weak 1.1% to more than 3% in the current June quarter.
Read MoreUpgrades keep flowing, this time from protective equipment maker Ansell and property and retail group Mirvac, both of whom indicated stronger second quarters.
Read MoreInvestors reacted predictably after long-time JB Hi-Fi CEO Richard Murray sprung a major shock on investors by deciding to leave JBH for the top job at the much smaller Premier Investments.
Read MoreYet another takeover offer for Link Group has fallen over as the group of investors led by the Pacific Equity Partners and the US Carlyle group dropped their bid and departed the arena.
Read MoreThe March quarter Consumer Price Index surprised with a smaller than expected rise of just 0.6% after a 0.9% in the December quarter.
Read MoreThe losses keep mounting for some of the financial world’s biggest names from the shock failure of Archegos Capital — almost a month after the collapse of the US hedge fund.
Read MoreResults from two of the world’s major megatechs – Microsoft and Alphabet – have again underlined who the big winners continue to be in the business world.
Read MoreThere’s nothing like high prices to bring a lot of green to the balance sheets of oil companies and a smile to the faces of their executives, as we saw with Woodside, Santos, and now BP.
Read MoreExporting iron ore to China just got even more profitable thanks to record prices, as was made very clear in the March quarterly financials from Vale, the big Brazilian miner and exporter.
Read MoreHSBC lifted first quarter earnings 79%, as the Asia-skewed lender recovers from the coronavirus pandemic and the problems in Hong Kong in 2019 and 2020.
Read MoreBingo said the shareholders of Sydney waste merchant, Bingo Industries as it finally said ‘yes’ to a bid from Macquarie Infrastructure and Real Assets and its managed funds for $2.3 billion.
Read MoreThe chances have improved for Entain to grab control of Tabcorp’s bookmaking and media division after it sweetened its original $3 billion offer with an additional $500 million.
Read More18 months after warning high iron ore and coking coal prices would damage earnings, BlueScope is more profitable than it ever has been despite ore prices surging even further.
Read MoreA quick turn of events in the going nowhere takeover battle between Melbourne-based multi millionaire, Raphael Geminder and his target, Melbourne-based McPhersons.
Read MorePlumbing and building supplies group Reliance Worldwide shares hardly moved yesterday in the wake of an early solid March quarter sales update.
Read MoreShares in Indonesian-focused Nickel Mines were savaged on Tuesday after the company’s March quarter report revealed lower than expected nickel sales and production.
Read MoreUK punting giant Entain has lifted its offer for Tabcorp’s bookmaking and media division by half a billion dollars, taking the new price to $3.5 billion.
Read MoreTesla shares were all over the place on Monday ahead and after the release of the electric vehicle maker’s March quarter results.
Read MoreThe boom in iron ore prices continues and South Korean steelmaker Posco on Monday provided a good explanation as to why – business is going very well indeed.
Read MoreWestpac’s interim profit next week will take a $582 million hit from provisions, write-downs and a range of other “notable items”, the bank told the ASX in a Monday announcement.
Read MoreCovid has brought a second chance to listed real estate agent McGrath Ltd, with the company telling the ASX it is on track for a significant boost to full year earnings.
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