Burberry Group posted its fourth quarter earnings that fell short of analysts' expectations, even as revenue that exceeded estimates. The British luxury retail company’s earnings came in at £0.62 a share, vs. £0.63 a share expected by analysts polled by Investing.com. Revenue of £1.61 billion, however, surpassed expectations of £1,595M. Burberry is maintaining its forecast of high...
Palo Alto Networks posted its third-quarter fiscal 2022 results, where earnings grew year-over-year and also surpassed Zacks Consensus Estimates. Revenues, too, topped expectations. The cybersecurity company’s non-GAAP earnings rose +29.7% from the year-ago quarter to $1.79 per share, well above the Zacks Consensus Estimate of $1.67. Palo Alto’s fiscal third-quarter revenues of $1.39 billion...
Lowe’s posted its fiscal first quarter earnings that surpassed Zacks consensus expectations, even as revenue missed estimates. The home improvement retailer’s earnings came in at $3.51 a share, exceeding the Zacks Consensus Estimate of $3.24. It is +9.3% higher from the year-ago quarter. Net sales fell -3.1% year-over-year to $23,659 million, below the Zacks Consensus Estimate of $23,731...
Walmart posted its Q1 earnings that missed analysts’ expectations. While its growth is strong, inflation proved to be a headwind to bottom line. The retail giant’s Q1 earnings came in at $1.30, below the Street expectations of $1.48. Total revenue rose to $141.57 billion from $138.31 billion a year earlier, above analysts’ estimates of $138.94 billion. Net sales in the quarter rose +2.3%...
Keysight Technologies, Inc. posted second-quarter fiscal 2022 (ended Apr 30, 2022) earnings surpassed Zacks Consensus expectations. Revenue, too beat estimates. The net income came in at $1.83, beating the Zacks Consensus Estimate by 16 cents. Revenue rose +11% year over year to $1,351 million, exceeding the Zacks Consensus Estimate of $1,302 million. The Communications Solutions Group grew...
Statistics for the Head-and-Shoulders Bottom Pattern
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However, we also know that economists predicted 22 recessions out of 11 that took place since 1945.
Are there real recession signs we should watch for?Indeed, the answer is yes, and here are a few very important ones:
The first one is almost obvious and known to everyone – it is the Fed.
Softbank Group Corp reported a net loss of -1.7 trillion yen (-$13.12 billion) for the year ended in March, compared to the record 4.99 trillion yen profit a year earlier. A year ago, the company got a boost from the listing of South Korean ecommerce firm Coupang, when SoftBank's earnings exceeded that of several global major companies such as Berkshire Hathaway. SoftBank's Vision Fund...
Deutsche Telekom AG posted its first quarter earnings that surpassed analysts' expectations. Revenue, too, beat expectations. The German telecommunications company’s earnings came in at €0.45 a share, well above the €0.2911 a share expected by analysts polled by Investing.com. Revenue rose +6.2% from the year-ago quarter to €28.02 billion, also exceeding analysts’ expectations of €27.97...
Siemens AG posted its second quarter earnings that fell short of analysts' expectations, even as revenue beat estimates. The tech company’s earnings came in at €1.27 a share, below the €2.03 expected by analysts surveyed by Investing.com. Revenue of €17.04B surpassed analysts’ expectations of €16.87B. JPMorgan Chase & Co. lowered its price target on Siemens shares from €190.00 ($200.00) to...
Tesla CEO Elon Musk has decided to put his Twitter acquisition on hold temporarily, according to his latest tweets on the same. "Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users," Musk tweeted, while adding he was "still committed to acquisition." The initial tweet followed a May 2 story published by...
Honda posted full-year results, which revealed a strong, +7.6% increase in net profit in the financial year to March, on the back of strong motorbike sales and a weaker yen. Sales surged +10.5% over the year, largely owing to increased sales revenue in motorcycle business and financial services business operations as well as positive foreign currency translation effects – as indicated by the...
Allianz reported first quarter operating profit of 3.2 billion euros – which remains solid, albeit with a mild, -2.9% decrease amidst higher claims from natural catastrophes. The insurance company’s total revenues in the quarter were 44.0 billion euros, up +6.2% from the year-ago quarter. Internal revenue growth (which adjusts for foreign currency translation and consolidation effects) was...
Bridgestone posted its first quarter adjusted operating earnings, that rose +19% year-over-year to ¥10 billion. Its revenue came in at ¥891 billion, up +22.5% year-over-year. The Japanese auto and truck parts company now expects earnings per share in the range of $3.42-$3.42 for the period. Its revenue guidance is $31.42 billion-$31.42 billion...
Brookfield Asset Management reported quarterly earnings of $0.81 per share , exceeding consensus estimate of $0.70. The company had an EPS of $1.80 a share in the year-ago quarter. Revenue came in at $21.88 billion during the quarter, higher than analyst estimates of $18.35 billion. The company recently announced a quarterly dividend of $0.14, to be paid out on June 30th to stockholders of...
Toyota Motor Corp. expects its profits to decrease in the coming fiscal year due to increasing material costs and other operating challenges, amidst the COVID-19 pandemic, the war in Ukraine and shortages of semiconductors. For the fiscal year ending March 31, the automaker’s net profit increased 26.9% annually. Sales rose 15.3%, due to strength in its markets in the United States and Asia...
Duke Energy Corporation posted its first-quarter 2022 earnings that missed Zacks Zacks Consensus Estimate. The electric power company’s adjusted earnings rose +3.2% from the year-ago quarter to $1.30 per share, which fell short of the Zacks Consensus Estimate of $1.34 by 3%. Higher volumes in the Electric Utilities and Infrastructure segment, along with growth and rate case contributions in...
The Walt Disney Company posted second-quarter fiscal 2022 adjusted earnings, which rose +36.7% from the year-ago quarter to $1.08 per share. However, the figure missed the Zacks Consensus Estimate by -10%. The entertainment giant’s revenues surged + 23% year over year to $19.24 billion but missed the consensus mark by 4.96%. Revenues from Media and Entertainment Distribution (70.8% of...
Welltower posted earnings of $0.14 per share for the first quarter, falling short of the consensus expectations of $0.82 (based on MarketWatch Earnings reports). The healthcare infrastructure company’s revenue rose +32.7% from the year-ago quarter to $1.40 billion during the quarter, compared to analyst estimates of $1.38 billion. Looking ahead, Welltower boosted its forecast for Q2 2022 to...
Sony Group Corp. posted its fourth-quarter fiscal 2021 net income per share (on a GAAP basis) of ¥88.98 (77 cents) per share, compared to Zacks Consensus Estimate of 82 cents. The figure is +67% higher from the year-ago quarter. Total revenues were up + 1% year over year to ¥2,264 billion ($19,486.3 million). The Zacks consensus estimate was $20,818.7 million. The company’s revenue from Game...