NEW YORK—The negative impact of currency fluctuations on North American companies’ third-quarter 2021 results fell from the quarter before and was at the lowest level since the first quarter of 2018, data from treasury and financial management firm Kyriba showed on Wednesday. The collective exchange rate hit, including on companies in the United States, Canada…
Currency Hit to North American Companies in Third-Quarter Lowest Since 2018
James Hardie Sets Higher Profit View as US Housing Market Boom Continues
James Hardie, the world’s largest fiber cement maker, on Monday raised its annual profit forecast for the fourth time this fiscal year, and guided to even higher earnings next year, driven by a boom in the housing sector in North America. New home sales in the United States, which makes up 70 percent of the…
Here’s Why Analysts Are Bullish on Amazon Post-Q4
Analysts bumped up price targets on Amazon.com Inc. following fourth-quarter results. Piper Sandler analyst Thomas Champion raised the price target to $3,900 from $3,875 (40.4 percent upside) and reiterated an Overweight rating. The headline results were mixed with revenue 1 percent below Piper’s forecast and EBITDA better. However, the analyst notes that Web Services growth…
Pennsylvania’s Northwest GOP Caucus Refuses to Disclose Full Straw Poll Results
February 1, 2022
admin
2022 Midterm ElectionscaucuscongressgovernorPoliticsRegional NewsRegional-Local NewsRepublicansresultsSenatetransparencyUS
0 Comment
It’s caucus season in Pennsylvania, when regional political party caucuses interview candidates, then hold straw polls ranking them by preference. With five Republican caucus meetings down and a final one happening Wednesday, Feb. 2, party insiders are questioning the way Pennsylvania’s Northwest Caucus handled its vote during its meeting Saturday in Knox, Pennsylvania. During the…
Analysts Remain Divided on Verizon Post Q4 Results
Analysts had mixed views on Verizon Communications Inc. post Q4 earnings. Deutsche Bank analyst Bryan Kraft raised the price target on Verizon to $59 from $57 (15 percent upside) and reiterated a Hold rating on the shares. The analyst sees about 8 percent upside in the stock over the next 12 months, with the target increasing on higher out…
Intel Posts Record Quarterly Revenue, Sees Supply Strains Through Year
January 27, 2022
admin
Business & EconomyBusinesses in COVID-19CompanieseconomyIntelMarketsresultsrevenuestocksTechTech News
0 Comment
Chipmaker Intel Corp. posted record fourth-quarter revenue, but forecast first-quarter earnings short of Wall Street expectations, as the world’s largest chipmaker faces challenges linked to persistent global supply chain problems. Intel shares, which initially fell about 3 percent in late trade, recovered some ground after the company expressed confidence in demand for its chips and…
Conservative MPs Await Results of Election Review—But Don’t Expect to See It All
OTTAWA—Conservative MPs meeting for a two-day retreat say they don’t expect to be shown the entire review into the party’s election loss. Former Alberta MP James Cumming is set to present the findings from his review to caucus members and national council Thursday. A party spokesman says caucus will be briefed on the contents of…
Bank of America Profit Beats Estimates on Loan Growth, M&A Boost
Bank of America Corp. reported a better-than-expected 30 percent jump in quarterly profit on Wednesday, driven by loan growth as well as record-breaking M&A volumes that helped drive its investment banking business, sending its shares up 1.9 percent. Flush with cash and emboldened by soaring stock market valuations, large buyout funds, corporates, and financiers struck…
Read How Analysts View Netflix Ahead of Quarterly Results
Analysts were divided on their opinions on Netflix Inc. ahead of its quarterly results this week. KeyBanc analyst Justin Patterson notes that Netflix’s price increase was more significant than anticipated, which he believes implies a 1 percent lift to his/Street 2022 revenue. Nonetheless, the analyst has unchanged estimates due to the proximity of earnings, which should shed light…
Wall Street Slides at Open After Mixed Results From Big Banks
Wall Street’s main indexes opened down on Friday as banking heavyweights JPMorgan, Wells Fargo, and Citigroup kicked off the fourth-quarter earnings season with mixed results, while big technology companies extended losses after a bruising selloff. The Dow Jones Industrial Average fell 117.19 points, or 0.32 percent, at the open to 35,996.43. The S&P 500 opened…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`