Economic Updates
Alibaba beats estimates – the stock is rising
Alibaba Group Holding Limited (BABA) reported its latest financial results for the quarter ended March 31, 2022 before the market open on Thursday. The Chinese e-commerce giant posted better than expected results, sending the stock price higher. The company reported revenue of $32.167 billion in the quarter (up 9% year-over-year) vs. $31.444 bil...
NIO Q4 2021 results have arrived
NIO Inc. reported its fourth quarter 2021 financial results after the market close on Wall Street on Thursday. The Chinese electric vehicle maker reported revenue of $1.558 billion (49.1% increase year-over-year) that was above analyst forecast of $1.537 billion. NIO reported higher than expected loss per share in the fourth quarter of -$0.17...
Nike latest numbers are in
Nike Inc. (NKE) reported its fiscal 2022 financial results for its second quarter ended November 30, 2021. Let’s take a closer look at the numbers. The US sporting goods company reported revenue of $11.36 billion in the quarter (up by 1% from the same period last year) vs. $11.25 billion expected. Earnings per share was at $0.83 a share (up...
Salesforce Q2 numbers are in
Salesforce released its latest earnings numbers for Q2 after the closing bell on Wednesday. The cloud-based software company reported total revenue of $6.34 billion in the second quarter of the year, beating analyst forecast of $6.24 billion. The total revenue grew by 23% year-over-year. Earnings per share were reported at $1.48 per share, also ...
General Motors Q2 results announced
General Motors Q2 results announced General Motors released their second quarter earnings report before Wednesday’s opening bell. The company reported total revenue of $34.17 billion in the second quarter vs. $30.9 billion expected. Earnings per share are reported at $1.97 per share, below analyst forecasts of $2.23. In a letter to share...
Preview: Non-Farm Payroll Announcement
Preview: Non-Farm Payroll Announcement It’s the beginning of a new month which means that the Non-Farm Payroll figures will be released this week by the US Bureau of Labor Statistics. The latest US jobs data will be released at 1:30 PM London time on Friday. Why is the announcement important? Non-Farm Payroll is one of the most closely w...
NIO truly delivers in July
NIO reported its latest delivery numbers for last month on Monday. The ‘Chinese Tesla’ delivered a total of 7,931 vehicles last month – a 124.5% year-on-year increase. About NIO NIO is a Chinese electric car manufacturer founded in 2014 by William Li, a Chinese business executive and entrepreneur. Its headquarters are based in Shanghai,...
US, AUS equities hit all-time highs as central banks remain dovish on back of Delta strain worries.
July was the month we saw the inflation narrative take a back seat to concerns global growth could take a hit from the resurgent COVID Delta strain. Last month’s fears of central banks tapering asset purchases have been put to one side, as investors see dovish signals and comments from central bank heads, driving equity prices up and bond yields ...
Facebook Q2 numbers top expectations
The world's sixth-largest company, Facebook, reported its latest financial results for the second quarter after the closing bell on Wednesday – beating Wall Street expectations. The company reported total revenue of $29.08 billion (56% increase year-on-year) in the previous quarter, beating analyst forecasts of $27.89 billion. Earnings per sha...
Tesla reports positively charged Q2 results
This week is set to be another busy one in the United States with some of the world’s largest companies including Apple, Microsoft, Alphabet and Facebook set to release Q2 financial results. First up, it’s Tesla: the world’s largest electric vehicle maker reported their Q2 numbers after Monday’s closing bell. Tesla posted solid numbers i...
Coca-Cola, Johnson & Johnson and Verizon Q2 results are in
The earnings season in the US is heating up. On Wednesday – Coca-Cola, Johnson & Johnson and Verizon reported their Q2 earnings before the market open. Let’s take a closer look at the numbers. Coca-Cola The Coca-Cola company posted solid numbers in the second quarter of the year, beating analyst forecasts. The total revenue came in at...
Netflix & earnings – Q2 numbers released
Netflix reported their Q2 earnings after the closing bell on Tuesday. The online streaming service reported total revenue of $7.34 billion in the previous quarter, narrowly beating analyst forecast of $7.32 billion. Earnings per share were reported below analyst forecast at $2.97 per share vs. $3.16 expected. Global paid net subscriber additi...
Earning season continues – IBM Q2 numbers are in
It is set to be another busy week over in the US with major companies, including Netlfix, Coca-Cola, Intel, Twitter, Snap and American Express set to release their earnings figures for the previous quarter. On Monday, International Business Machines Co. (IBM) released their latest figures after the closing bell. The US technology giant reported ...
Morgan Stanley Q2 earnings beat estimates
It has been a fairly busy week over in the US with some of the world’s biggest financial institutions reporting their earnings numbers for the previous quarter. On Thursday, it was Morgan Stanley’s turn to report their earnings for Q2. The company reported revenue of $14.8 billion in Q2 beating the $13.98 estimate. Earnings per share came in...
Up next – Bank of America, Citigroup and Wells Fargo report Q2 results
On Tuesday, JPMorgan and Goldman Sachs released their Q2 results before the US market open – both beating analyst expectations. Today, Bank of America, Citigroup and Wells Fargo & Co released their numbers for the previous quarter before the opening bell. Bank of America Bank of America reported a total revenue of $21.6 billion in Q2, s...
