Latest news with #CorporateEarnings
Bloomberg
3 days ago
- Business
- Bloomberg
AstraZeneca Profit, Revenue Lifted by Cancer Drugs
AstraZeneca Plc reported better-than-expected sales and rising profit for the second quarter, spurred by its stable of cancer medicines. Revenue climbed 12% to $14.5 billion, beating estimates. Earnings per share excluding some items rose 10% to $2.17, as expected.
Yahoo
4 days ago
- Business
- Yahoo
5 silly earnings season stock price moves!
Earnings season is moving along swimmingly. All things considered, this summer's reporting period could have really sucked. Every CEO could've blamed Trump trade tensions for misses in any parts of the business. Meanwhile, the results could've straight up not justified the valuations we are seeing in a hot market. About 135 S&P 500 (^GSPC) companies, or 29% of the index's market cap, have reported earnings at the time of this writing. Sales and earnings have increased by a solid 6.5% and 7.2%, respectively. The average stock price has increased 1% post-results. But sometimes Mr. Market gets it wrong during earnings season, in my view. The market will overly punish a company for something perceived as a big deal in the moment but minor in the grand scheme. Or, it won't reward a company enough for strong results that feed into a long-term investment case. Here are five reactions this week from earnings that left me scratching my head. IBM What more could the market want from Big Blue? Software and infrastructure sales are up 10% and 14%, respectively. The company increased its full-year operating margin expectations. CFO Jim Kavanaugh told me the company is finding added cost savings, lifting the margin outlook. Further, IBM has an AI story to tell — and it's a good one! "I think you're starting to see the beginnings of scale of generative AI, which is accelerating. Last quarter, we did about six billion dollars [of AI business]. Now we're over seven and a half billion," Kavanaugh added. IBM shares finished Thursday's session (morning after earnings) down 6%. "We would recommend opportunistic purchases for defensive-minded investors ($310 12-month target), although post-report selling may persist for a short period," Stifel analyst David Grossman called out. AT&T AT&T's (T) stock barely finished in the green on Wednesday's earnings day. Similar to IBM, what else could investors have been looking for? The company gained postpaid phone subscribers in the second quarter, while rival Verizon lost customers (though T-Mobile stole the telecom show — see below). Free cash flow — always an important metric for a telecom — rose $400 million year over year. And AT&T called out a $6.5 billion to $8 billion cash tax savings from 2025 to 2027 as a result of the One Big Beautiful Bill Act. "We are investing $23 to $24 billion on a go forward basis each year into our network. Historically, we would have had to amortize that capital and take those deductions over time. The bonus depreciation provisions in the bill allow us to expense those immediately," AT&T CFO Pascal Desroches told me. Expect the company to spend a good chunk of these savings on stock buybacks. The stock got slapped with a top pick call by JPMorgan on Thursday. "Long-term, we believe AT&T convergence playbook, accelerating fiber build to 50m+ organic locations, owner economics, and go-to-market scale will allow the company to derive industry-leading unit economics," JPMorgan analyst Sebastiano Petti said. Chipotle I get why Chipotle's (CMG) stock got shredded by 13% post-results. Chipotle is valued as a growth stock, and growth took a hit in the second quarter. But I don't believe there's anything fundamentally wrong. The company is still aggressively opening new stores and has a very devoted customer base. I fancy it just needs to market its value proposition, which it plans to do more of in the third quarter. Overlooked on the earnings call is Chipotle noting that sales have returned to growth in July. It's planning to release limited-time offerings in 2026 at a faster pace. And I like how the company is doubling down on restaurant technology. "2Q was also CMG toughest lap for 2024 share gains, and, even if there is the opportunity for more ownership of recent trends/urgency in tone, we believe it is indeed building/increasingly deploying a marketing/innovation toolbox that will drive growing confidence in a more stable same-store sales trajectory into 2H and beyond," Citi analyst Jon Tower wrote. T-Mobile T-Mobile's (TMUS) stock gained a solid 5.8% on Thursday after reporting on Wednesday post-market close. I think that is 5% less than the quarter deserved. The telecom giant easily beat analyst estimates. It gained the most net new customers compared to its competitors. T-Mobile CEO Mike Sievert told me on Yahoo Finance that the company's steady value messaging is helping it gain market share. "T-Mobile's value proposition to customers is elegantly simple. Best network, lowest price," MoffettNathanson senior analyst Craig Moffett said. The company also hiked its full-year operating profit margin guidance. Next catalysts for the company: the upcoming closure of the US Cellular acquisition, a greater pace of stock buybacks thanks to the Trump tax bill, and perhaps more acquisitions. Alphabet You have to be kidding me here. Alphabet (GOOG, GOOGL) is trading at only 19.3 times forward earnings (the S&P 500 is at 24 times), and the stock goes up just 1% on Thursday post-earnings? Did anyone listen to the earnings call? I did: The company said revenue growth accelerated throughout the business. Sales increased 14% year over year in the second quarter, a brisker pace compared to the 12% in the first quarter. Cloud business is rocking (positive read-through to Amazon (AMZN) and Microsoft (MSFT) earnings next week). Alphabet said it's not losing key AI talent to the giant wallet of Meta (META). The discussion around AI and search was very bullish. YouTube is crushing it. "AI (beast) mode it's time to close the valuation gap," KeyBanc analyst Justin Patterson said. Yahoo Finance's Invest Conference Is Coming Up! Join me and the Yahoo Finance newsroom for our annual Invest conference, taking place in New York City, November 12-13. We just added several new speakers to an already awesome lineup. More on the way. Learn more about the conference and register today! Trust, you will want to be in this room ahead of 2026. Brian Sozzi is Yahoo Finance's Executive Editor and a member of Yahoo Finance's editorial leadership team. Follow Sozzi on X @BrianSozzi, Instagram, and LinkedIn. Tips on stories? Email
Irish Times
6 days ago
- Business
- Irish Times
European shares close lower as investors eye EU-US trade talks
European shares closed lower on Friday, as investors assessed mixed corporate earnings while awaiting updates on a framework of an EU-US trade deal that officials said could be reached as early as this weekend. Investors navigated the peaks and troughs around a potential agreement between the two large economies after a busy week of trade discussions with the US culminated in deals with Japan, Indonesia, and the Philippines. The pan-European Stoxx 600 index dropped 0.6 per cent to session lows after US president Donald Trump said there was less chance of an agreement with the European Union (EU), but pared losses after EU diplomats reiterated that a deal of 15 per cent duties on European goods was still in the works. The index closed 0.2 per cent lower. Dublin READ MORE The Iseq All-Share index ended the session up just 0.03 per cent at 11,584.58. Banking stocks were in focus as investors positioned themselves in advance of interim results from the three players next week. AIB edged 0.1 per cent higher to €6.80, while Bank of Ireland rose 0.4 per cent to €12.61, and PTSB jumped 2.9 per cent to €2.11. Housebuilders were weaker, however, with Cairn off 0.2 per cent at €2.18 and Glenveagh falling 0.1 per cent to €1.86. Ryanair rose 0.8 per cent to €2.11 amid positive broker comment from Barclays, which reiterated its buy rating on the stock. London The UK's FTSE 100 closed 0.2 per cent lower but extended its winning streak to a fifth week, while investors assessed a mixed bag of corporate earnings and eyed the EU-US trade talks. The benchmark registered a weekly gain of 1.4 per cent. Construction and materials stocks led the sectoral decline, falling 1.8 per cent, dragged down by Marshalls, which tumbled 20.6 per cent, on downbeat full-year adjusted pre-tax profit forecast. In corporate updates, NatWest rose 3.5 per cent after the lender said its profit increased by 18 per cent in the first half and the company announced a new share buyback worth £750 million (€858 billion). Wizz Air jumped 11.5 per cent after Barclays upgraded the budget carrier to the equivalent of a buy. Close Brothers surged 4.9% per cent after announcing the sale of its execution services and securities business, Winterflood, £103.9 million. Europe Puma was the biggest percentage loser on the benchmark index, falling 16 per cent, its largest daily drop in more than four months. The sportswear brand cut its full-year outlook and reported weaker-than-expected quarterly results. LVMH gained 3.9 per cent after the French luxury group reported quarterly results, with analysts pointing to hopes on the horizon as the group said it saw signs of recovery in the Chinese market. The broader luxury index rose 1.8 per cent and was the top sectoral performer. Automobile stocks gained 1.4 per cent, boosted by Volkswagen's 4.6 per cent rise after the CEO of Europe's biggest carmaker said cost cuts must be accelerated in response to tariffs. Earlier in the session, shares took a hit on the company's slashed full-year sales and profit margin forecasts. Carrefour gained 5.5 per cent after Europe's biggest food retailer reported its half-year results. New York Wall Street and the dollar were firmer in early afternoon trading as investors girded themselves for the week ahead, which includes a Federal Reserve policy meeting, crucial corporate results and Mr Trump's August 1 deadline for negotiating trade deals. Gold lost some shine, pressured by the dollar as healthy risk appetites lured investors away from the safe-haven metal. More than a third of the companies in the S&P 500 have posted results, 80 per cent of which have beaten estimates, according to LSEG data. Four members of the Magnificent 7 group of Artificial Intelligence-related megacap stocks – Amazon, Apple, Meta and Microsoft are on next week's earnings docket, and market participants will scrutinise the companies' conference calls for signs that AI expenditures are beginning to pay off and whether tariff-related uncertainties continue to weigh on forward guidance. – Additional reporting, Reuters
Yahoo
23-07-2025
- Business
- Yahoo
Emerging Middle East Stocks With Promising Potential
As Middle Eastern markets navigate the complexities of U.S. tariff concerns and fluctuating oil prices, investors are witnessing a mixed performance across Gulf bourses, with some indices retreating while others show resilience amid strong corporate earnings. In this evolving landscape, identifying promising stocks requires a keen eye for companies that demonstrate robust financial health and adaptability to shifting economic conditions. Top 10 Undiscovered Gems With Strong Fundamentals In The Middle East Name Debt To Equity Revenue Growth Earnings Growth Health Rating Baazeem Trading 8.48% -2.02% -2.70% ★★★★★★ MOBI Industry 6.50% 5.60% 24.00% ★★★★★★ Sure Global Tech NA 11.95% 18.65% ★★★★★★ Nofoth Food Products NA 15.75% 27.63% ★★★★★★ Etihad Atheeb Telecommunication 1.05% 36.24% 62.25% ★★★★★★ Najran Cement 14.20% -2.87% -22.60% ★★★★★★ National General Insurance (P.J.S.C.) NA 14.55% 29.05% ★★★★★☆ National Corporation for Tourism and Hotels 19.25% 0.67% 4.89% ★★★★☆☆ National Environmental Recycling 69.43% 43.47% 32.77% ★★★★☆☆ Saudi Chemical Holding 79.49% 16.57% 44.01% ★★★★☆☆ Click here to see the full list of 221 stocks from our Middle Eastern Undiscovered Gems With Strong Fundamentals screener. Underneath we present a selection of stocks filtered out by our screen. Palms Sports PJSC Simply Wall St Value Rating: ★★★★★☆ Overview: Palms Sports PJSC offers sports training programs, primarily focusing on Jiu-Jitsu and other sports in the United Arab Emirates, with a market capitalization of AED1.15 billion. Operations: Palms Sports PJSC generates revenue primarily from its Coaching and Training segment, contributing AED405.16 million, and the Guarding and Cleaning segment, contributing AED575.45 million. Palms Sports PJSC, a notable player in the Middle East's entertainment sector, showcases a blend of strengths and challenges. The company reported sales of AED 280.86 million for Q2 2025, up from AED 253.65 million the previous year, with net income rising to AED 27.81 million from AED 22.65 million. It maintains high-quality earnings and strong interest coverage at 17 times EBIT versus interest payments, indicating robust financial health despite a volatile share price recently. However, profit margins have slipped to 10% from last year's 15%, and earnings growth lagged behind industry averages over the past year at -0.8%. Take a closer look at Palms Sports PJSC's potential here in our health report. Examine Palms Sports PJSC's past performance report to understand how it has performed in the past. Cohen Development Gas & Oil Simply Wall St Value Rating: ★★★★★★ Overview: Cohen Development Gas & Oil Ltd. is involved in the exploration, development, production, and marketing of natural gas, condensate, and oil across Israel, Cyprus, and Morocco with a market capitalization of ₪1.33 billion. Operations: Cohen Development Gas & Oil generates revenue from the production and management of oil and gas exploration, amounting to $29.63 million. Cohen Development Gas & Oil, a relatively small player in the Middle East energy sector, has been making waves with its robust financial performance. Over the past year, earnings surged by 34.8%, outpacing the broader oil and gas industry growth of 6.3%. The company boasts a debt-free balance sheet for five years, eliminating concerns about interest payments. Its price-to-earnings ratio stands at 16x, slightly below the IL market average of 16.4x, suggesting potential value for investors. Recent earnings reveal net income climbed to US$6.26 million from US$3.44 million last year, with basic EPS rising to US$0.97 from US$0.53. Click here to discover the nuances of Cohen Development Gas & Oil with our detailed analytical health report. Understand Cohen Development Gas & Oil's track record by examining our Past report. Meitav Trade Investments Simply Wall St Value Rating: ★★★★★★ Overview: Meitav Trade Investments Ltd offers financial investment services and has a market cap of ₪1.10 billion. Operations: Meitav Trade Investments generates revenue primarily from its asset management segment, which amounts to ₪198.18 million. Meitav Trade Investments showcases a compelling profile with no debt over the past five years, highlighting financial prudence. Its earnings surged by 36.7% last year, outpacing the Capital Markets industry at 28.5%, indicating robust growth potential. Recent results reveal a revenue increase to ILS 51.63 million from ILS 43.27 million and net income rising to ILS 14.12 million from ILS 10.01 million year-over-year, reflecting strong operational performance despite negative levered free cash flow of -ILS 49.83 million as of March 2025, which may suggest some challenges in cash management amidst its high-quality earnings status. Navigate through the intricacies of Meitav Trade Investments with our comprehensive health report here. Gain insights into Meitav Trade Investments' past trends and performance with our Past report. Summing It All Up Click here to access our complete index of 221 Middle Eastern Undiscovered Gems With Strong Fundamentals. Got skin in the game with these stocks? Elevate how you manage them by using Simply Wall St's portfolio, where intuitive tools await to help optimize your investment outcomes. Unlock the power of informed investing with Simply Wall St, your free guide to navigating stock markets worldwide. Contemplating Other Strategies? Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ADX:PALMS TASE:CDEV and TASE:MTRD. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ 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
Zawya
22-07-2025
- Business
- Zawya
Shares slip as investors look to earnings, tariff talks
LONDON - European shares fell on Tuesday, hit by mixed corporate earnings and anxiety over tariff negotiations between the U.S. and its trading partners, while the euro held steady. The Euro STOXX 600 index extended losses during morning trading and was last down 0.6%, with bourses in Germany and France losing 1.1% and 0.8% respectively. Among the big decliners were chemical stocks which shed 2% as Dulux paint maker Akzo Nobel lost 5.4% after lowering its core profit outlook for 2025. Earnings from firms including SAP and UniCredit were also in focus. Investors were also following tariff talks ahead of Washington's August 1 deadline, with the European Union exploring a broader set of possible countermeasures against the U.S. as hopes for an acceptable agreement fade. The euro was steady at $1.1689 after rising 0.5% on Monday, though still away from the near four-year high hit at the start of the month. The single currency is up 13% this year as investors looked for alternatives to U.S. assets bruised by tariff uncertainties. Its performance is closely monitored for its impact on profits in the euro zone's export-reliant economy. "The euro's ability to maintain preference over the dollar amid tariff tensions will depend on the extent of any escalation and whether the EU emerges as a relative loser while other countries secure significant deals with the U.S.," ING analysts wrote in a note to clients. Wall Street futures were marginally down. The benchmark S&P 500 and the Nasdaq closed at record highs on Monday. Investors await results this week from Wall Street giants Alphabet and Tesla, as well as European heavyweights LVMH and Roche, as uncertainty over tariffs clouds the outlook. Earlier, Asian share markets drifted lower after scaling a near four-year peak. MSCI's broadest index of Asia-Pacific shares outside Japan hit its highest since October 2021 but finished down 0.4%. The index is up nearly 16% this year. Japanese markets returned after a holiday on Monday following the weekend's election where the ruling coalition suffered a defeat in upper house elections, although Prime Minister Shigeru Ishiba vowed to remain in his post. The yen rallied 1% on Monday, recouping some of the losses from past weeks and was flat at 147.43 per dollar. FED INDEPENDENCE The dollar index, which gauges the unit against six other key currencies, was also flat at 97.849. Rumblings around the Federal Reserve's independence and whether U.S. President Donald Trump will fire Fed Chair Jerome Powell have kept investors on tenterhooks in recent weeks. U.S. Treasury Secretary Scott Bessent said on Monday the entire Federal Reserve needed to be examined as an institution and whether it had been successful. The Fed is widely expected to hold rates steady in its July meeting but might lower rates later in the year. Market focus will be squarely on Powell's impending speech on Tuesday for clues about when the Fed might ease policy. Brent crude futures fell 0.9% to $68.56 a barrel, while U.S. West Texas Intermediate crude slipped by the same amount to $66.59 per barrel. (Reporting by Tom Wilson in London and Ankur Banerjee in Singapore. Editing by Mark Potter and Bernadette Baum)
