China's Baidu misses quarterly revenue estimates
The company reported total revenue of 32.71 billion yuan ($4.56 billion) during the second quarter, compared with analysts' average estimate of 32.76 billion yuan, according to data compiled by LSEG.
($1 = 7.1784 Chinese yuan renminbi)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
16 minutes ago
- Yahoo
BBVA Argentina Announces Second Quarter 2025 Financial Results
BUENOS AIRES, August 20, 2025--(BUSINESS WIRE)--Banco BBVA Argentina S.A (NYSE; BYMA; MAE: BBAR; LATIBEX: XBBAR) ("BBVA Argentina" or "BBVA" or "the Bank") announced today its consolidated results for the second quarter (2Q25), ended on June 30, 2025. As of January 1, 2020, the Bank started to inform its inflation adjusted results pursuant to IAS 29 reporting. To facilitate comparison, figures of comparable quarters of 2024 and 2025 have been updated according to IAS 29 reporting to reflect the accumulated effect of inflation adjustment for each period up to June 30, 2025. 2Q25 & 1H25 Highlights BBVA Argentina's inflation-adjusted net income in 2Q25 was $59.6 billion, 31.1% lower than the $86.5 billion reported on the first quarter of 2025 (1Q25), and 62.1% lower than the $157.4 billion reported on the second quarter of 2024 (2Q24). The 6 month accumulated net income for 2025 was $146.1 billion, 31.7% below the $213.8 billion reported in the same period of 2024. In 2Q25, BBVA Argentina posted an inflation adjusted average return on assets (ROAA) of 1.2% versus 2.0% the prior quarter, and an inflation adjusted average return on equity (ROAE) of 7.6% versus 11.4% the prior quarter. The six-month accumulated ROA for 2025 was 1.5% versus 3.0% in 2024, while the ROE was 9.6% versus 13.3% in 2024. The 2Q25 total NIM was 19.1% versus 19.2% in 1Q25. NIM in local currency was 21.7% and NIM in USD was 5.4%, the former remaining stable from 1Q25's 21.8% and the latter improving significantly from 3.9% in the prior quarter. In terms of activity, total consolidated financing to the private sector in 2Q25 totaled $11.3 trillion, increasing 15.7% in real terms compared to 1Q25, and 109.6% compared to 2Q24. In the quarter, the variation was driven by an overall growth in all lines, especially in prefinancing and financing of exports by 23.5%, in overdrafts by 34.6% and in other loans by 25.2%. BBVA's consolidated market share of private sector loans reached 11.61% as of 2Q25, gaining 35 bps quarter-over-quarter (QoQ), and 107 bps year-over-year (YoY). Total consolidated deposits in 2Q25 totaled $13.0 trillion, increasing 12.0% in real terms during the quarter, and 60.8% YoY. Quarterly increase was mainly explained by an increment in time deposits by 36.3%, and in savings accounts by 11.6%, the latter mainly due to deposits in foreign currency. The Bank's consolidated market share of private deposits reached 9.64% as of 2Q25 increasing 49 bps QoQ and 214 bps YoY. As of 2Q25, the non-performing loan ratio (NPL) reached 2.28%, with a 115.5% coverage ratio. The quarterly efficiency ratio in 2Q25 was 56.5%, remaining relatively stable compared to 1Q25's 56.3%. As of 2Q25, BBVA Argentina reached a regulatory capital ratio of 18.4% (Tier 1: 18.4%), entailing a 123.9% excess over minimum regulatory requirement. Total liquid assets represented 48.7% of the Bank's total deposits as of 2Q25 2Q25 Results Conference Call Thursday, August 21, 2025Time: 12:00 p.m. Buenos Aires time – (11:00 a.m. ET)To participate click to register About BBVA Argentina BBVA Argentina S.A. (NYSE; MAE; BYMA: BBAR; Latibex: XBBAR) is a subsidiary of the BBVA Group, its main shareholder since 1996. In Argentina, it has been one of the leading financial institutions since 1886. BBVA Argentina offers retail and corporate banking to a wide client base, including individuals, SMEs, and large corporations. BBVA's strategy is to support its clients' ambition to go further. This is achieved through constant and empathetic support during key moments, recognizing the inner strength that drives people. The value proposition focuses on anticipation and innovation to be the ideal partner that helps clients reach their goals. View source version on Contacts BBVA Argentina Investor Relations investorelations-arg@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16 minutes ago
- Yahoo
NTG Clarity to Announce Second Quarter Financial Results on August 27, 2025 with Earnings Call to Follow
Toronto, Ontario--(Newsfile Corp. - August 20, 2025) - NTG Clarity Networks Inc. (TSXV: NCI) (OTC Pink: NYWKF); NTG Clarity ("NTG" or the "Company") today announced that it expects to report its financial results for the three and six months ended June 30, 2025, after the closing of the market on Wednesday, August 27, 2025. On Thursday, August 28, 2025, at 9:00 AM ET, management will host a conference call webcast to discuss the Company's financial and operating results. What: NTG Clarity Q2 2025 Earnings CallWhen: Thursday, August 28, 2025, at 9:00 AM ETWhere: Live webcast can be accessed from the Events page of NTG's website: Management will be hosting a Q&A at the end of the call; however, to streamline the earnings conference call, we ask any questions to be emailed along with the asker's name and company, if applicable, by the end of the day Wednesday, August 27, 2025, to: Adam Zaghloul, Vice President, Strategy & PlanningEmail: adam@ About NTG Clarity Networks Clarity Networks' vision is to be a global leader in digital transformation solutions. As a Canadian company established in 1992, NTG Clarity has delivered software, networking, and IT solutions to large enterprises including financial institutions and network service providers. More than 1,200 IT and network professionals provide design, engineering, implementation, software development and security expertise to the industry's leading enterprises. Forward-Looking InformationCertain statements in this release, other than statements of historical fact, are forward-looking information that involves various risks and uncertainties. Such statements relating to, among other things, the prospects for the company to enhance operating results, are necessarily subject to risks and uncertainties, some of which are significant in scope and nature. These uncertainties may cause actual results to differ from information contained herein. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of the management on the dates they are made and expressly qualified in their entirety by this notice. The company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change. For Further Information:Adam Zaghloul, Vice President, Strategy & PlanningNTG Clarity Networks 905-305-1325Fax: 905-752-0469Email: adam@ Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. To view the source version of this press release, please visit Sign in to access your portfolio
Yahoo
16 minutes ago
- Yahoo
Coty slides after surprise quarterly loss, warns of weak first half
-- Coty reported a surprise quarterly loss and said it expects sales and profit to decline in the first half of its new fiscal year before returning to growth. Shares of the beauty products maker fell 10% in after-hours trading. The CoverGirl and Gucci fragrances owner posted a fourth-quarter loss of 5 cents per share, compared with analysts' average estimate of a 2 cent profit. Revenue rose to $1.25 billion from $1.21 billion a year earlier, above forecasts of $1.21 billion. Coty (NYSE:COTY) said it expects like-for-like sales to fall 6% to 8% in the first quarter of fiscal 2026 and 3% to 5% in the second, pressured by cautious retailer orders, tariffs and a more promotional environment. It expects a return to growth in the second half as new fragrance launches, geographic expansion and easier comparisons take effect. The company also forecast adjusted earnings per share of 33 to 36 cents for the first half, down by a high single to mid-teen percentage year on year. It expects adjusted EBITDA to decline in double digits in the first two quarters before rebounding later in the year. Related articles Coty slides after surprise quarterly loss, warns of weak first half These Under-the-Radar Stocks Offer Better Risk-Reward Ratio Than Nvidia If Powell goes, does Fed trust go with him? Sign in to access your portfolio
