While GDP growth was disappointingly
low in the first quarter, one of the bright spots came from higher business spending, or capital expenditures.
Following a record - breaking year for worldwide mergers and acquisitions, dealmaking declined to a two - year
low in the first quarter of 2016.
As we detailed in our press release, the effective income tax rate was
lower in the first quarter of this year due primarily to early adoption of amendment to existing guidance for employee share - based payment accounting and the recognition of incremental benefits from the Work Opportunity Tax Credit.
Global M&A activity was 18 %
lower in the first quarter of 2016 than in the same period the prior year *.
Housing inventory hit a new
low in the first quarter of 2017, bottoming out from the early days of the recovery from the recession, according to Trulia's recently released quarterly Inventory and Price Watch.
Assisted living occupancy reached a record
low in the first quarter of 2018, according to data released Thursday by the National Investment Center for Seniors Housing & Care.
Meanwhile, Washington D.C. shifted from a near - record high assisted living occupancy rate one year ago to a near - record
low in the first quarter, as growth in its inventory outstripped demand.
From
its low in the first quarter, it surged in the second and third quarter and slipped slightly in the 2012 fourth period.
Not exact matches
Pfizer posted slightly higher sales and a 14 percent jump
in profit
in the
first quarter, thanks to
lower restructuring costs and a much -
lower tax rate, but its revenue still missed Wall Street expectations.
Wall Street expects another huge jump
in Amazon's revenue, but
lower profits, compared with last year, when the company reports its
first -
quarter earnings on Thursday.
CN Rail says it will purchase 350 lumber cars to meet growing demand for forest products despite
lower segment revenues
in the
first quarter.
Berkshire Hathaway «s (brk - b) stock price touched $ 300,000 for the
first time on Monday, reflecting investors» confidence
in Warren Buffett «s conglomerate despite four straight
quarters of
lower operating profit.
Carlsberg's
first -
quarter sales fell 5 percent, weighed by a negative currency impact and
lower volumes
in Russia.
But unlike Calgary - based rival Cenovus Energy Inc., which temporarily throttled back oilsands output
in the
first quarter because of
low prices, Husky says it is cutting output because it can make more money by buying «distressed» barrels from other producers.
Arkema reported a free cash flow of - $ 25 million
in the
first quarter of 2018, up against the
first quarter of 2017 -LRB-- $ 44 million), thanks to higher EBITDA and
lower taxes.
NEW YORK, May 1 - Pfizer Inc on Tuesday reported
lower - than - expected
first -
quarter revenue as demand for some key drugs and international sales fell short of estimates, sparking a 5.1 percent drop
in shares of the largest U.S. drugmaker.
U.S. health insurer Aetna, which has agreed to be bought by CVS Health, reported a better - than - expected
first -
quarter profit on Tuesday as an adjustment for
low healthcare spending late last year offset a rise
in flu - related costs.
Household debt as a percentage of disposable income was was 163.3 %
in the
first quarter, Statistics Canada reported last week — only marginally
lower than the record 163.9 % ratio the agency calculated for the fourth
quarter.
That might sound like a lot of companies getting funded, but
in terms of the number of deals it's actually quite a steep drop — 19 percent from a year earlier — and the
lowest number since the
first quarter of 2012.
Fitbit and Chinese
low - cost gadget maker Xiaomi tied for
first place with 3.6 million wearable devices shipped
in the
quarter.
Kraft Heinz's said stiff competition and a supply shortfall of one of its key frozen products will continue to hurt sales
in the
first quarter, following
lower - than - expected sales and profit
in the latest reported
quarter.
Deals
in the secondary market, as represented by Midland's 35 key housing estates, hit a
low of 41 per week, 40 per cent fewer than
in the
first quarter of 2003 during the outbreak of severe acute respiratory syndrome.
Deutsche Bank shares dropped more than 3 percent on Thursday morning after reporting
lower - than - expected revenue for its
first quarter at a time when banking stocks have seen sharp gains after centrist Emmanuel Macron emerged as the winner
in the
first round of French presidential elections last week.
That came despite the fact Goldman failed to impress investors
in its
first quarter earnings Tuesday, posting trading revenue that was 2.4 %
lower from a year earlier, at $ 3.4 billion for the
quarter.
US gross domestic product was
lower than expected at 2.6 %
in the
first quarter.
Merger and acquisition activity
in the oil and gas sector dropped to less than $ 1 billion
in the
first quarter of this year — the
lowest since 1994, according to figures recently published
in The Globe and Mail.
April 23 (Reuters)- Barrick Gold Corp, the world's largest gold miner by output, reported a 5 percent rise
in first -
quarter adjusted profit on Monday, primarily reflecting higher gold prices and
lower depreciation.
Gross margin for the
first quarter 2018 of 56.3 %, compared to 61.5 % for the
first quarter 2017, was unfavorably impacted by fixed amortized prepaid royalties for embedded OEM licenses and
lower perpetual license revenue
in the
quarter.
«Particularly with oil prices hitting
lows at some point
in the
first quarter... lots of sub investment - grade firms could be under a lot of stress, and for those with stronger balance sheets, those companies could take this as an opportunity to buy and acquire assets,» Deshpande said
in a phone interview.
The strong
first quarter aside, the company's overall revenue has fallen
in back - to - back years when measured
in U.S. dollars, with 2014 net income ($ 593 million) sinking to its
lowest level since the recession - racked 2009.
The pork shortage, along with the bad weather that afflicted the eastern half of the U.S. this winter,
lowered Chipotle's comparable sales growth by about 2 percentage points to 10.4 %
in the
first quarter, below the 11.8 % analysts were projecting.
Although Initial Public Offerings (IPOs) were
lower, and the number of new listings fell to 31 from 43
in the
first quarter of 2011, the amount raised through secondary financings was up by 89 %, and the amount raised through supplemental financings was up by 19 %.
CHICAGO, May 2 - Tater Tots - maker Kraft Heinz Co on Wednesday reported
lower first -
quarter sales, weighed down by weakening demand for processed foods
in the United States.
HITTING THE SKIDS: Tesla tumbled 6.6 percent to $ 281.86 after the electric car maker said it lost $ 745 million
in the
first quarter as it is still struggling to produce more of its
lower - cost Model 3 sedan.
Despite rapidly accelerating revenue, the rate that Twitter added monthly active users slowed — less than 4 %, to 241 million,
in its
first quarter as a public company, and as
low as 1.4 %
in a recent
quarter — worrying investors that Twitter might not be the mainstream product that its soaring valuation promised.
While
first -
quarter corporate profits are expected to have notched their best growth
in seven years, largely due to
lower taxes, investors have focused on cost warnings from companies.
Carlsberg's
first -
quarter sales fell 5 percent, weighed by a negative currency impact and
lower volumes
in the key Russian market where its market share continued to decline, the Danish brewer said on Tuesday.
This is the
first time
in at least three years that Facebook's revenue is
lower versus prior
quarter, but it's obviously still a lot of money to make.
Cenovus»
first quarter saw an increase
in its oil sands production to 144,000 barrels per day, up 20 % from the same period
in 2014, and
lowered operating costs across its assets.
Chinese companies spent just $ 25.2 billion on overseas assets
in the
first quarter, while the number of deals fell to the
lowest mark since 2005, according to data from Thomson Reuters.
Suncor said that while the discount Canadian producers face nearly doubled
in the
first quarter compared with last year's
quarter, it had no impact on the company's earnings or cash flow, as
low crude prices were offset by better midstream and downstream returns.
The 379,000 high - speed internet customers added
in the
first quarter is 8.3 percent higher than the previous
quarter, but 11.7 percent
lower than the
first quarter of 2017.
These increases were partially offset by
lower stock - based compensation expense as a result of forfeitures of stock during the
quarter and making our annual stock grant later
in the
quarter than we did
in the
first quarter of 2017.
Although credit - card delinquency rates of 90 or more days remain
low, they increased to 1.47 percent
in the
first quarter of 2016, the
first increase since 2013.
Pacific Gas and Electric Co. shares sank
in early trading as the utility reported Thursday that its
first -
quarter profits were
lower than a year...
Morgan Stanley's Delinquency Diffusion Index, an aggregate measurement of year - over-year increases
in the delinquency of several types of personal loans, stood at 19.2 (on a 100 - point scale) for the
first quarter of 2016, up from its
low in October, 2014, driven by increases
in auto loan and credit card delinquencies
in 2015 — but far below the 60 - point threshold associated with a pre-recession state.
There is, of course, a great deal of skepticism about the 7 % real GDP growth rate that China has reported, but we should remember that
in the
first quarter, nominal GDP growth was much
lower, 5.8 %.
Low volatility had been replaced by high volatility — Q1 had 23 days of daily moves greater than 1 %
in the S&P versus seven such days for all of last year, and the
first few weeks of the second
quarter have seen similar swings.
Astoundingly, per capita government spending
in the
first quarter of 2016 — 27
quarters into the recovery — was nearly 3.5 percent
lower than it was at the trough of the Great Recession.
On Tuesday, Tesla reported that it had managed to increase production of a crucial new model
in the
first quarter of 2018, although it remained well short of the company's already
lowered target.