The national office vacancy rate in Canada climbed in the second quarter to its highest level since 1994, according to a report by commercial real estate firm CBRE. The firm said Tuesday that the national office vacancy rate rose to 18.1 percent in the second quarter, up from 17.8 percent in the first quarter. It…
7 Walt Disney Analysts React to Q2 Earnings Miss, Subscriber Beat, Ongoing Asia Weakness
Walt Disney Co shares traded lower by 3.7 percent on Thursday after the company reported first-quarter earnings and said ongoing COVID-19 disruptions are weighing on its Asia theme park business. On Wednesday, Disney reported fiscal second-quarter adjusted EPS of $1.08 on revenue of $19.25 billion. Both numbers missed consensus analyst estimates of $1.19 and $20.1…
Paychex Tops Q2 Consensus; Raises FY22 Outlook
Paychex Inc. reported second-quarter FY22 revenue growth of 13 percent year-on-year to $1.11 billion, beating the consensus of $1.06 billion. Total service revenue grew 13 percent Y/Y to $1.09 billion. Management Solutions revenue grew 14 percent Y/Y to $832 million. PEO and Insurance Solutions’ revenue rose 11 percent Y/Y to $262.4 million. The operating margin expanded…
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