Latest news with #7.9
Axios
3 days ago
- Business
- Axios
U.S. imports see largest plunge on record in April
U.S. goods imports plummeted in April, per data out Thursday, as President Trump's tariff policies rocked the global trade system. Why it matters: The decline is a sharp reversal of the front-loading effect the previous month, when firms raced to import stuff before the tariffs took hold. Zoom in: The monthly drop in imports is the largest on record, per the Commerce Department. Imports were still up from this time last year, however. The big picture: Trade with China fell to its lowest point since a historic pandemic shut the global economy. April imports from China, at $25.4 billion, were the lowest since March 2020 ($19.6 billion). And U.S. exports to the country also fell off a cliff to $8.2 billion — compared to $7.9 billion, as COVID-19 first hit the U.S. What they're saying: "It sure looks as though triple-digit tariff rates made a difference to trade flows, eh?" writes Carl Weinberg, chief economist at High Frequency Economics, in a note Thursday morning. The data is not really a sign of a weakening economy — unlike in the pandemic, companies stockpiled ahead of the tariff shock, and are now going to be drawing down elevated inventories of goods, he writes.
Yahoo
4 days ago
- Business
- Yahoo
HSBC upgrades Brazil's Embraer on strong delivery outlook
--HSBC upgraded Brazilian planemaker Embraer to 'Buy' from 'Hold,' saying a record order backlog, improving output, and growing momentum in executive jets and defense deliveries support a positive earnings trajectory through this year. The brokerage raised its price target to $57 from $45, citing a higher valuation for Embraer's eVTOL unit EVE and a lower discount rate in its cash flow model. The new target implies a 24% upside from current levels. 'With an all-time high backlog of $26.4bn at end-Q1, Embraer offers strong revenue generation in the coming quarters, which is supported by accelerated efforts to remove output bottlenecks and spread production more evenly over quarters,' HSBC wrote. It expects robust second-quarter performance with nine aircraft already in finished inventory, equal to nearly 20% of last year's Q2 deliveries. HSBC forecasts a 28% year-on-year rise in executive jet deliveries in the first quarter of 2025 and sees steady demand in defense, particularly for the KC-390 and A-29 aircraft. It also flagged the upcoming Paris Air Show as a potential source of new orders. The bank said the impact of new U.S. tariffs, 10% on Brazilian imports, is likely limited, estimating a roughly 90 basis-point hit to EBIT margins in the Executive and Services segments, but noted that Embraer plans to offset these through cost cuts and increased U.S. content. Commercial aviation is unaffected, and overall 2025 margin guidance remains unchanged. HSBC maintained its 2025 revenue estimate of $7.5 billion, at the top of company guidance, and its consolidated adjusted EBIT margin forecast at 7.9%. It now values the company at 10.8x and 8.1x 2025 and 2026 EV/EBITDA respectively, versus a five-year average of 8.7x. A successful flight test of EVE's first full-scale prototype, scheduled for mid-2025, could serve as a key catalyst, the firm added. Related articles HSBC upgrades Brazil's Embraer on strong delivery outlook Goldman Sachs upgrades Brazil's XP, cuts rating on B3 on shifting risk-reward Bernstein starts coverage of entertainment stocks: Spotify and TKO at Outperform 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
Business Standard
4 days ago
- Business
- Business Standard
NMDC reduces iron ore prices; new rates effective from June 4
The state-owned iron ore miner informed that it has reduced the prices of its lump ore and fines, with the revised rates coming into effect from 4 June, 2025. According to the latest update by the company, the prices for Lump Ore (65.5%, 10-40mm) have been set at Rs 6,300 per ton, while Fines (64%,-10mm) are priced at Rs 5,350 per ton. In comparison, the prices effective from 1 May 2025 were Rs 6,440 per tonne for Lump Ore (65.5%, 10-40mm) and Rs 5,500 per tonne for Fines (64%, -10mm). This price cut follows an earlier increase in May, when NMDC had raised prices by up to Rs 440 per tonne, marking its first price revision since January. NMDC is engaged in exploration and production of Iron Ore along with Diamond, production and sale of Sponge Iron and generation and sale of Wind Power. The companys consolidated net profit jumped 4.6% to Rs 1,477.68 crore on 7.9% rise in revenue from operations to Rs 7,004.59 crore in Q4 FY25 over Q4 FY24. Shares of NMDC fell 1.17% to Rs 69.88 on the BSE.
Yahoo
21-05-2025
- Business
- Yahoo
Wix (NASDAQ:WIX) Posts Q1 Sales In Line With Estimates But Quarterly Revenue Guidance Slightly Misses Expectations
Website design and e-commerce platform provider (NASDAQ:WIX) met Wall Street's revenue expectations in Q1 CY2025, with sales up 12.8% year on year to $473.7 million. On the other hand, next quarter's revenue guidance of $487 million was less impressive, coming in 0.6% below analysts' estimates. Its non-GAAP profit of $1.55 per share was 6.4% below analysts' consensus estimates. Is now the time to buy Wix? Find out in our full research report. Revenue: $473.7 million vs analyst estimates of $471.9 million (12.8% year-on-year growth, in line) Adjusted EPS: $1.55 vs analyst expectations of $1.66 (6.4% miss) Adjusted Operating Income: $99.84 million vs analyst estimates of $94.63 million (21.1% margin, 5.5% beat) The company reconfirmed its revenue guidance for the full year of $1.99 billion at the midpoint Operating Margin: 7.9%, up from 2.3% in the same quarter last year Free Cash Flow Margin: 30.1%, up from 28.6% in the previous quarter Market Capitalization: $10.16 billion 'This year we are setting out to reimagine and expand the online creation experience and have set the bar high with the milestone release of Wixel, which I believe will democratize digital creation,' said Avishai Abrahami, Wix Co-founder and CEO. Founded in 2006 in Tel Aviv, (NASDAQ:WIX) offers a free and easy to operate website building platform. Reviewing a company's long-term sales performance reveals insights into its quality. Any business can experience short-term success, but top-performing ones enjoy sustained growth for years. Over the last three years, Wix grew its sales at a 11.5% compounded annual growth rate. Although this growth is acceptable on an absolute basis, it fell short of our standards for the software sector, which enjoys a number of secular tailwinds. This quarter, Wix's year-on-year revenue growth was 12.8%, and its $473.7 million of revenue was in line with Wall Street's estimates. Company management is currently guiding for a 11.8% year-on-year increase in sales next quarter. Looking further ahead, sell-side analysts expect revenue to grow 12.7% over the next 12 months, similar to its three-year rate. This projection is above average for the sector and suggests its newer products and services will catalyze better top-line performance. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. The customer acquisition cost (CAC) payback period represents the months required to recover the cost of acquiring a new customer. Essentially, it's the break-even point for sales and marketing investments. A shorter CAC payback period is ideal, as it implies better returns on investment and business scalability. Wix is efficient at acquiring new customers, and its CAC payback period checked in at 36.6 months this quarter. The company's relatively fast recovery of its customer acquisition costs means it can attempt to spur growth by increasing its sales and marketing investments. We struggled to find many positives in these results. Its revenue guidance for next quarter slightly missed and its full-year revenue guidance was in line with Wall Street's estimates. Overall, this was a softer quarter. The stock traded down 2.8% to $177 immediately following the results. Wix's earnings report left more to be desired. Let's look forward to see if this quarter has created an opportunity to buy the stock. What happened in the latest quarter matters, but not as much as longer-term business quality and valuation, when deciding whether to invest in this stock. We cover that in our actionable full research report which you can read here, it's free. 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
15-05-2025
- Business
- Yahoo
NETSOL Technologies Inc (NTWK) Q3 2025 Earnings Call Highlights: Strong Revenue Growth and ...
Total Net Revenues: Increased 13% to $17.5 million compared to $15.5 million in Q3 fiscal 2024. Services Revenue: Increased 24% to $9.7 million compared to $7.8 million in Q3 of last year. Subscription, SaaS, and Cloud Revenue: Increased 10% to $7.9 million compared to $7.1 million in the prior year period. Gross Profit: $8.7 million, or 50% of total revenues, compared with $7.5 million or 48% in Q3 fiscal 2024. Operating Expenses: $7.2 million or 41% of sales compared to $6.2 million or 40% of sales in Q3 fiscal 2024. GAAP Net Income: $1.4 million or $0.12 per diluted share compared to $320,000 or $0.03 per diluted share in Q3 fiscal 2024. Non-GAAP EBITDA: $2.2 million or $0.19 per diluted share compared with $767,000 or $0.07 per diluted share in the prior year period. Non-GAAP Adjusted EBITDA: $1.8 million or $0.15 per diluted share compared with $810,000 or $0.07 per diluted share in Q3 fiscal 2024. Cash and Cash Equivalents: $18.8 million as of March 31, 2025, compared to $19.1 million at June 30, 2024. Working Capital: $23.7 million as of March 31, 2025, compared to $23.6 million at June 30, 2024. Warning! GuruFocus has detected 5 Warning Signs with NTWK. Release Date: May 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. NETSOL Technologies Inc (NASDAQ:NTWK) reported a 13% increase in total net revenues for Q3 fiscal year 2025, reaching $17.5 million compared to $15.5 million in the same quarter of the previous year. Services revenue saw a significant growth of 24%, amounting to $9.7 million, driven by a cumulative catch-up related to a contract amendment. The company successfully completed a major deployment of its Transcend finance platform for a financial institution in Australia, enhancing its partnership and technology usage. NETSOL signed two new multi-million dollar contracts with financial services providers in Oman and Indonesia, expanding its footprint in these regions. The launch of Transcend AI labs and the appointment of a new Vice President of Artificial Intelligence position NETSOL to lead in AI-driven solutions for the asset finance and leasing sectors. Operating expenses increased to $7.2 million, representing 41% of sales, up from $6.2 million or 40% of sales in the previous year, indicating rising costs. The company's cash and cash equivalents slightly decreased to $18.8 million as of March 31, 2025, compared to $19.1 million at June 30, 2024. Foreign currency exchange fluctuations pose a risk, as changes in exchange rates can impact revenues and expenses due to the company's global operations. Despite the positive financial performance, the company did not provide specific revenue and earnings guidance for the next fiscal year. The reliance on in-house investor relations services may limit the company's exposure and engagement with the broader investor community. Q: It's nice to see the subscription and support revenue grow to $7.9 million for the quarter. Do you expect that to be at least a baseline that continues to grow moving forward? A: Najeeb Ghauri, Chairman and CEO, responded affirmatively, expressing confidence that the trend will continue due to the positive growth in sales revenue and developments in the retail sector. Q: Now that we're moving more towards stable profitability, do you anticipate providing revenue and earnings guidance for the next fiscal year? A: Najeeb Ghauri indicated that they plan to provide guidance after closing the year. He highlighted ongoing efforts to improve productivity and efficiency, which have shown positive results, suggesting a bright future for both revenue and profitability. Q: The results today are outstanding, and the future looks promising. Do you plan on engaging another IR company or getting analyst coverage? A: Najeeb Ghauri mentioned that they are currently satisfied with their in-house services due to their deep understanding of the business. However, they will consider the suggestion when planning the next fiscal year's budget. Q: Are there any plans to expand the investor community's awareness of NETSOL's achievements and future prospects? A: Najeeb Ghauri acknowledged the importance of investor relations and suggested that they would evaluate their approach after delivering the year-end results, considering both in-house and external options. Q: Can you provide more details on the strategic initiatives that are driving growth and innovation at NETSOL? A: Najeeb Ghauri highlighted the launch of Transcend AI Labs, which focuses on developing AI solutions for the asset finance and leasing sectors. This initiative, along with strategic investments and a focus on operational efficiency, is expected to drive future growth and innovation. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
