JPMorgan Chase & Co. on Tuesday said second-quarter profit soared compared with a year ago, when the bank was stockpiling funds to prepare for a painful recession. The nation’s biggest bank posted a profit of $11.95 billion, or $3.78 per …
https://www.nbcnewyork.com/news/local/nyc-hotel-industry-in-a-depression-room-revenue-down-60-report-says/3134878/
by Lance Roberts There is a problem of pulling forward sales and revenue when it comes to future outcomes. Currently, analysts are incredibly exuberant about earnings for the S&P 500 index. In just the last month, they sharply increased 2021 …
Two of the biggest newspapers in the state of California, the Los Angeles Times and the San Diego Union-Tribune, reported losing “north of $50 million” in annual revenue over the course of the year 2020, according to The Hill. Chris Argentieri, the president of …
via CNBC: Robinhood’s co-founder and CEO Vlad Tenev defended the practice in a blog post. Tenev said like its broker-dealer peers, the start-up “participates in rebate programs which help customers get additional price improvement for their orders by creating …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter But it had big tax benefits and one-time gains. And Uber Eats is hot, so to speak. Uber Technologies’ IPO filing was made public today. The 330-page or so S-1 filing disclosed all kinds of goodies, including detailed …
UPS, in partnership with the drone technology company Matternet, on Tuesday began its daily drone delivery of medical supplies in WakeMed’s campus in Raleigh, North Carolina. The drone delivery cut the transport time of crucial medical samples from about half an hour to just over …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter WeWork isn’t a publicly traded company yet and doesn’t have to disclose financial information to the public, but it issued bonds in April 2018 and has to show its hapless bondholders some figures about its financial …
Global revenue growth has collapsed pic.twitter.com/7jjQvvRrZ5 — zerohedge (@zerohedge) February 16, 2019 On Dec 24, only 1% of stocks in the S&P 500 closed above their 50-day moving avg, one of the most extreme oversold levels in history. After an …
by coolcomfort123 13%-US 30%-Taiwan 20%-China 37%-other countries Just realized nvda revenue is very concentrated in Taiwan and China. Here is table of Nvidia geographic revenues from its latest 10-K.
Q1 2019 earnings expectations are now negative. Q2 expectations are below the inflation rate, meaning the first half of the year is now expected to have no real growth. Full-year forecasts are now at 5.4% and have several months to …
Earnings: $1.22 per share as expected by analysts, excluding certain items, according to Refinitiv. Revenue: $19.01 billion as expected by analysts, according to Refinitiv. https://www.cnbc.com/2019/01/24/intel-earnings-q4-2018.html
From Birch Gold Group In September 2018, we showed how FAANG companies were “bracing for impact” because of trade war tensions between the U.S. and China. Now it appears we have our first trade war “casualty” in the form of a …
via businesswire: CUPERTINO, Calif.–(BUSINESS WIRE)–Apple® today issued the following public letter to investors: To Apple investors: Today we are revising our guidance for Apple’s fiscal 2019 first quarter, which ended on December 29. We now expect the following: Revenue of …
Because estimates of growth were unrealistic. Rapid growth temporarily cuts margins in most businesses enough to eat into profits. So failing to hit a high growth estimate might be the direct cause of beating on EPS. Investors may well prefer …
Article strongly comes off as a hit piece, but fwiw: “… The startup, valued at $5.6 billion, was bringing in more than 40 percent of its revenue earlier this year from selling its customers’ orders to high-frequency trading firms, or …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Defying my dictum that nothing goes to hell in a straight line. The headline said that shares of Sears Holding jumped “more than 7%” in late trading after it reported more losses and store closures and plunging revenues …
by Thinker A More Likely Reason Rahm Emanuel Dropped Out: The Chicago Time Bomb We may never know why Rahm Emanuel decided to drop out of the Chicago mayoral race. But the media is certainly giving him a pass. They …
Authored by Simon Black via SovereignMan.com, In a world full of reckless and extreme monetary policy, Japan no doubt takes the cake. The country has total debt of more than ONE QUADRILLION YEN (around $10 trillion) pushing its debt-to-GDP ratio to a …
via John P. Hussman: I’ve often described what I call the Iron Law of Valuation: the higher the price investors pay for a given set of expected future cash flows, the lower the long-term investment returns they should expect. As a …
Here’s how the company did compared with what Wall Street expected: Earnings per share: 58 cents vs. 57 cents, forecast by Thomson Reuters Revenue: $3.86 billion vs. $3.81 billion, forecast by Thomson Reuters For the third-quarter, PayPal’s profit forecast was …
https://www.cnbc.com/2018/05/23/uber-q1-financial-data-increased-sales-valuation-with-new-tender-offer.html This kind of growth is pretty much unprecedented at that scale of revenue. This is even more impressive when you consider that 2017 was a difficult year in terms of PR, and that they also gave up a lot …
GOOD TIMES: What’s behind the government’s record income tax collection. According to the Treasury Department’s monthly statement, our government collected a record $1.305 trillion in individual income taxes through the first nine months of fiscal 2018. The figure, which goes up …
by Martin Armstrong COMMENT: I live in Alberta, Canada and for years as a sign maker I had to order materials from the United States. I can assure you that the problems you mention are no different than the problems we encounter when buying American products: tariffs; …
https://twitter.com/FerroTV/status/1004657021835149313 UST10Y & $SPX Soar as DXY & WTI Negatively Diverge pic.twitter.com/dALWBQ7zYD — Alastair (@StockBoardAsset) June 7, 2018
by howmuch A lot of people look for jobs at big companies because they can be great places to build a solid career. Unfortunately, if we measure the size of a company in terms of annual revenue, there may not …
The tariff history of the United States spans from colonial times to present. The first tariff law passed by the U.S. Congress, acting under the then recently ratified Constitution, was the Tariff of 1789. Its purpose was to generate revenue for the federal government (to run the government and to pay …
Setback is largely due to the struggling Viceland cable-TV channel Vice Media, working to stabilize its executive ranks, endured a substantial revenue miss last year and is trying to fend off shareholders pressing for an exit. Vice, whose $5.7 billion …
Source: Streetwise Reports 01/31/2018 A Maxim Group report noted the recently announced revenue achieved and anticipated by this producer of cancer treatment devices. In a Jan 24 research report, Jason Kolbert, a Maxim Group analyst, indicated that IsoRay Inc.’s (ISR:NYSE.MKT) preliminary Q2 FY18 revenues …