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May 5, 2021

Results Forecasts / Warnings

Egypt projects 7.1% increase in debt financing needs in 2021/22

Reuters
FILE PHOTO: A view of the city skyline and River Nile from Cairo tower building in the capital of Cairo, Egypt December 5, 2019. REUTERS/Amr Abdallah Dalsh/File Photo CAIRO (Reuters) – Egypt expects its debt financing needs to rise by 7.1% to 1.068 trillion Egyptian pounds ($68.1 billion) in the......

U.S. digital ads spur Publicis’ return to growth

Reuters
(Reuters) – Publicis, the world’s third-largest advertising group, on Thursday beat market expectations as it returned to organic growth for the first time since before the pandemic, fuelled by high demand for digital advertising in the United States. FILE PHOTO: The logo of Publicis group is seen at the high......

Lockdown snacking: Lots to munch on when PepsiCo reports results

Reuters
(Reuters) – Will people break their lockdown snacking habit once the pandemic eases? FILE PHOTO: Bottles of Pepsi are pictured at a grocery store in Pasadena, California, U.S., July 11, 2017. REUTERS/Mario Anzuoni/File Photo GLOBAL BUSINESS WEEK AHEAD PepsiCo Inc’s results on Thursday will give investors a glimpse of how......

Goldman Sachs profit soars on global deals frenzy, trading boom

Reuters
(Reuters) – Goldman Sachs Group Inc surged past Wall Street expectations for first-quarter profit on Wednesday, as the U.S. investment banking giant capitalized on record levels of global dealmaking and a coronavirus-driven boom in equity trading. An unprecedented boom in private firms merging with listed shell companies to go public......

Tesco reports 2 billion pounds profit after ‘exceptionally strong’ sales

Reuters
FILE PHOTO: A logo of Tesco is pictured outside a Tesco supermarket in Hatfield, Britain October 6, 2020. REUTERS/Peter Cziborra/File Photo LONDON (Reuters) – Tesco, Britain’s biggest retailer, on Wednesday beat its guidance by reporting total adjusted retail operating profit of 1.99 billion pounds ($2.74 billion) after seeing “exceptionally strong”......

Nvidia expects first-quarter sales to exceed $5.3 billion

Reuters
FILE PHOTO: The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California, February 11, 2015. REUTERS/Robert Galbraith/File Photo (Reuters) -Nvidia Corp’s first-quarter revenue will be above its earlier forecast of $5.3 billion, the chipmaker said on Monday, as it benefits from strong demand for chips......

Qatar National Bank’s Q1 net profit falls 7% as provisions climb

Reuters
DUBAI, April 11 (Reuters) – Qatar National Bank (QNB) , the biggest lender in the Gulf, said on Sunday its first quarter net profit fell by 7% from a year earlier to 3.3 billion riyals ($906 million) as it booked 1.4 billion riyals in “precautionary” loan loss provisions. The bank’s......

Samsung Electronics says first-quarter profit likely rose 44%, matching expectations

Reuters
By Joyce Lee, Heekyong Yang SEOUL (Reuters) – Samsung Electronics Co Ltd on Wednesday said first-quarter profit likely rose 44%, with analysts attributing the surge to brisk sales of smartphones and TVs, albeit tempered by a likely fall in chip earnings after a storm halted U.S. output. FILE PHOTO: The......

Samsung Electronics says Q1 profit likely rose 44%, in line with analyst estimate

Reuters
SEOUL, April 7 (Reuters) – Samsung Electronics Co Ltd said on Wednesday first-quarter operating profit likely rose 44% on brisk sales of home appliances, smartphones and television sets, though chip earnings likely fell after a winter storm halted U.S. output. The South Korean technology giant forecast January-March profit of 9.3......

U.S. expects ‘difficult’ Iran talks, sees no early breakthrough

Reuters
FILE PHOTO: The Iranian flag waves in front of the International Atomic Energy Agency (IAEA) headquarters, before the beginning of a board of governors meeting, amid the coronavirus disease (COVID-19) outbreak in Vienna, Austria, March 1, 2021. REUTERS/Lisi Niesner/File Photo WASHINGTON (Reuters) – The U.S. State Department played down expectations......

Morgan Stanley plans to raise dividend when Fed allows: letter

Reuters
FILE PHOTO: People take photos by the Morgan Stanley building in Times Square in New York City, New York U.S., February 20, 2020. REUTERS/Brendan McDermid/File Photo NEW YORK (Reuters) – Morgan Stanley plans to increase the dividend it pays shareholders when restrictions are lifted by the Federal Reserve, according to......

Exxon Mobil signals better first-quarter earnings as oil prices climb

Reuters
FILE PHOTO: An Exxon sign is seen at a gas station in the Chicago suburb of Norridge, Illinois, U.S., October 27, 2016. REUTERS/Jim Young/File Photo (Reuters) – Exxon Mobil Corp expects rising first-quarter results across its three major businesses, with an at least $2 billion improvement from prices for oil......

Micron outlook beats expectations as memory chip prices rise

Reuters
By Tiyashi Datta, Stephen Nellis FILE PHOTO: The logo of U.S. memory chip maker MicronTechnology is pictured at their booth at an industrial fair in Frankfurt, Germany, July 14, 2015. REUTERS/Kai Pfaffenbach (Reuters) -Micron Technology Inc on Wednesday forecast fiscal third-quarter revenue above Wall Street estimates due to a rise......

ConocoPhillips sees higher Q1 output, warns of profit hit from unwinding hedges

Reuters
(Reuters) -ConocoPhillips said on Wednesday its first-quarter results will benefit from higher oil prices and output, while warning of a $600 million profit hit from its recent acquisition of Concho Resources and related commodity price hedges. FILE PHOTO: The logo for ConocoPhillips is displayed on a screen on the floor......

ConocoPhillips forecasts higher first-quarter output

Reuters
March 31 (Reuters) – ConocoPhillips said on Wednesday it expects production in the first quarter to be 29.3% higher than the previous quarter. The top independent U.S. oil producer forecast production of 1.47 million barrels of oil equivalent per day (boepd) to 1.49 million boepd, which included an about 50,000......

France’s Capgemini ups mid-term margin targets on global tech expansion

Reuters
FILE PHOTO: The logo of Cap Gemini is seen at the entrance of the company headquarters in Paris, France, February 18, 2016. REUTERS/Charles Platiau (Reuters) – French consulting and IT services provider Capgemini raised its mid-term margin targets on Wednesday, citing the rapidly expanding use of cloud solutions and artificial......

Business-to-business e-commerce boom only just beginning: DHL

Reuters
FILE PHOTO: A man passes a DHL truck in Berlin, Germany, November 11, 2008. REUTERS/Tobias Schwarz (Reuters) – Courier services company DHL Express forecasts the global market for e-commerce between companies will grow by more than 70% to $20.9 trillion by 2027, it said in a study released on Tuesday.......

Japan’s Nomura flags $2 billion loss at U.S. unit, cancels bond issue

Reuters
FILE PHOTO: Nomura Securities trading floor is pictured at the company’s Otemachi Head Office in Tokyo, Japan, November 18, 2016. REUTERS/Toru Hanai/File Photo TOKYO (Reuters) – Japan’s Nomura Holdings Inc on Monday flagged a potential $2 billion loss at a U.S. subsidiary arising from transactions with a U.S. client, and......

China’s Sinopec raises 2021 capital expenditure by 23.8%

Reuters
BEIJING (Reuters) – China Petroleum & Chemical Corp, better known as Sinopec, plans a 23.8% increase in capital spending to 167.2 billion yuan in 2021 following recovery of oil prices and energy demand as the COVID-19 epidemic subsided. Sinopec expects to spend 66.8 billion yuan on upstream exploration focusing on......

Santander offers to buy outstanding stake in Mexican unit

Reuters
FILE PHOTO: A logo of Santander is seen on a branch in the Andalusian capital of Seville, southern Spain January 27, 2016. REUTERS/ Marcelo del Pozo/File Photo MADRID (Reuters) – Spain’s Banco Santander said on Friday it will offer to buy the 8.3% stake in its Mexican unit it doesn’t......

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