Marketmind: Margin pressures
Margin pressures for companies and higher prices for shoppers: That’s the message so far from the earnings season.
CVS hedges on 2022 earnings growth target as COVID-19 uncertainty persists
CVS Health Corp (CVS.N) on Wednesday hedged a bit on its long-term target for double-digit earnings growth for next year, pointing to uncertainty around COVID-19 vaccination and testing demand, as well as medical costs, sending shares down 3%.
S&P 500 edges down on coronavirus woes, slowing economy
Aug 2 (Reuters) – The S&P 500 Index closed slightly lower on Monday after erasing early gains as worries about the Delta variant of the coronavirus and a slowing U.S. economy overshadowed optimism around more fiscal stimulus and a strong second-quarter earnings season. Federal Reserve Governor Christopher Waller said on CNBC late in the session […]
Lockheed second quarter profit misses even as space business boosts sales
U.S. weapons maker Lockheed Martin Corp (LMT.N) said on Monday its space business boosted revenues in the latest quarter, but a classified aeronautics development program caused the company to miss analysts’ profit estimate.
Philips beats earnings forecast as it mobilises for respiratory device recall
Dutch health technology company Philips (PHG.AS) on Monday beat analysts’ expectations with a jump in second-quarter core earnings to 532 million euros ($626 million), boosted by its personal health and diagnosis businesses.
Take Five: ECB, earnings galore and ‘Freedom Day’
July 16 (Reuters) – 1/ ECB DAY Two weeks after unveiling its closely anticipated strategy review, the ECB will face questions at its Thursday meeting on what its new 2% inflation target might mean for policy. If the ECB is serious about boosting inflation to 2% (versus close to but below 2% before), surely hefty […]
Daimler reports Q2 preliminary adjusted EBIT of $6.42 bln
Mercedes-Benz maker Daimler AG (DAIGn.DE) on Thursday reported preliminary adjusted group earnings before interest and tax (EBIT) of 5.42 billion euros ($6.42 billion) for the second quarter, with car and truck divisions beating analyst targets.
Wall St set for mixed open as focus turns to earnings, economic data
July 12 (Reuters) – Wall Street’s main indexes were set to open mixed on Monday after rallying to new peaks in the previous session, with investors awaiting the start of the second-quarter earnings season and a batch of economic data. The three major U.S. stock indexes notched record closing highs on Friday as financials and […]
Premium cars drive Volkswagen profit above pre-pandemic levels
Volkswagen’s (VOWG_p.DE) first-half operating profit is expected to reach around 11 billion euros ($13 billion), it said on Friday, topping pre-pandemic levels on strong demand in Europe and the United States, particularly for Porsches and Audis.
Siemens raises growth target with digital drive
Siemens (SIEGn.DE) unveiled targets on Thursday to outpace the market by combining its core engineering business with digital expertise in the first strategic blueprint under new Chief Executive Roland Busch.
