The deal comes one day after Amazon reported strong fourth -
quarter profit growth and a 42 percent rise in revenue, but its shares dipped in after - hours trade on concerns about its profit margins.
The other four lenders posted year - over-year first -
quarter profit growth in their Canadian businesses ranging between nine and 19 per cent.
Energy is the largest contributor to first -
quarter profits growth, but earnings and sales improvement is broad based.
Not exact matches
Despite returning to
profit growth last year, investors sold off the company's stock after Exxon reported fourth -
quarter results that fell short of Wall Street's expectations.
French food group Danone kept its guidance for a further rise in
profits and sales this year after first
quarter underlying sales
growth beat market expectations, led by strong demand for baby formula products in China.
Elsewhere in this earnings season, Microsoft's revenue increased 16 % to $ 26.8 billion while
profits rose 35 % to $ 7.4 billion, fueled by strong
growth in cloud products and even a decent
quarter for Windows.
Specifically, investors demand
profits that meet expectations every
quarter; most CEOs cave in to the demands «and forego innovation and
growth,» and directors passively allow it.
On Tuesday, Nike (NKE) is expected to post third -
quarter profit that beats Wall Street's forecasts, as the company has seen strong sales
growth amid increased demand for basketball and running shoes.
Nike (NKE) had another strong
quarter — highlighted by strong demand for athletic apparel and
growth in the company's e-commerce business — and the footwear giant is expected to report
profit and sales that outpace Wall Street's expectations.
Also reporting this week is cloud software giant Salesforce (CRM), which is expected to report strong second -
quarter profit after previously struggling to post much of a
profit despite impressive revenue
growth.
The chain has seen nine consecutive
quarters of
growth, with
profits up 60 % compared to a year ago.
Analysts anticipate 57 percent
growth in first -
quarter profit and a 39 percent increase in sales.
The firm reported a 27.3 percent rise in first - half
profit and a seventh straight
quarter of underlying sales
growth in its home market, successfully navigating an inflationary trading environment.
April 23 (Reuters)- Barrick Gold Corp reported a slightly better than expected increase in first -
quarter adjusted
profit on Monday and said it was done selling assets to cut debt and would instead use funds from any future sales to boost
growth or pay dividends.
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.
«Ultimately, the
growth of Model 3 and the
profit associated with it will help us accelerate the transition to sustainable energy even faster,» Tesla said in its fourth -
quarter shareholder letter.
The world's biggest retailer reported strong holiday sales Tuesday but said online sales
growth slowed during the
quarter, marking a turn from three
quarters of booming online
growth, and that its
profit margin came under fresh pressure.
* SMITH & NEPHOW: Smith & Nephew, Europe's biggest artificial hip and knee maker, downgraded its forecast for full - year underlying revenue
growth and
profit margin after some markets softened and it saw a slowdown in its bioactives business in the first
quarter.
Online local business search engine company Just Dial Ltd posted a 38 per cent increase in net
profit for the
quarter ended March 31, 2015 to Rs 47.16 crore, partly boosted by «other income» besides a reasonable
growth in turnover.
Apple said its
profit increased 25 percent to $ 13.8 billion in the most recent
quarter on the back of strong revenue
growth for iPhones, the Apple Watch and its services business.
TORONTO, Feb 14 Canopy
Growth Corp, Canada's biggest marijuana producer, said on Wednesday its third -
quarter revenue doubled and
profit rose, even as analysts expected a loss.
For the third
quarter, we're very pleased that in aggregate, our business outside of China produced 11 % core operating
profit growth ahead of our expectations.
The top three US equity benchmarks closed mixed with the Dow slipping as IBM plunged 7.5 per cent after it reported narrower
profit margins in the first
quarter and no revenue
growth unless one factors in help from a weak US dollar.
French food group Danone achieved better than expected first -
quarter sales
growth of nearly 5 per cent, helped by Chinese demand for its baby formula products, cementing guidance for higher
profit and sales this year and beyond.
BEIJING / SHANGHAI (Reuters)- China's Big Five state - owned banks posted their fastest first -
quarter net
profit growth in four years, while their ratio of soured debt remained steady.
Achieved Record $ 5 Million of GAAP Net Income in Fourth
Quarter Delivered Key Credit, Originations and Margin Improvements Expects Double Digit Loan
Growth and Increased
Profit in 2018
As companies warn of higher costs eroding margins, markets have fluctuated as investors focus on guidance in the strongest
quarter of
profit growth in seven years.
First
quarter profit for Sony topped estimates with chips, music and PlayStation 4 among the
growth drivers.
As you can see, our gross
profit dollar
growth was down $ 140 million or 2.7 %, which was in line with our expectations, while SG&A dollar
growth decreased by $ 62 million or 1.6 %, reflecting outstanding SG&A control during the
quarter.
This slide shows our quarterly gross
profit dollar
growth trends for the past 7
quarters.
For his part, McMahon expects to see some
profit - taking (meaning the sale of stocks that have risen in price) at the end of the third
quarter, and if investors begin cashing out,
growth will slow.
You can see that our gross
profit dollar
growth comparisons become easier in the fourth
quarter as we fully cycle out of the non-comparable impact of the Duane Reade acquisition, despite year - on - year negative impact from the our recent BioScrip specialty acquisition.
Brands Reports First -
Quarter GAAP Operating
Profit Growth of 14 %; Flat First -
Quarter Core Operating
Profit Growth; Maintains All Aspects of Full - Year Guidance
We may very well have a better first
quarter GDP figure driven by inventory building, but there is no substantial basis to expect robust
growth in GDP,
profit margins, or capital spending.
Olive Garden opened 16 new restaurants and delivered total sales
growth of nearly 3 %, high single - digit operating
profit growth and solid margin expansion during the fourth
quarter.
But few Wall Street pros had expected companies to keep up their strong first -
quarter pace, and view the estimated
profit growth for the latest
quarter as solid.
End - of - week
profit taking prevented the U.S. dollar from extending its gains on Friday despite stronger - than - expected first -
quarter U.S. GDP
growth and an upward revision to the University of Michigan's consumer confidence index.With that in mind, steady
growth and rising inflation expectations should foster further gains in the dollar next week as investors are convinced that the Federal Reserve will use the May meeting to prepare the market for a June hike.
From July 2016 to the end of second -
quarter 2017, more than 80 percent of the companies listed in the S&P 500 declared dividends, as stable oil prices, low wage
growth and a weaker US currency have all added to the overall corporate
profits.
Last week, Reliance Jio Infocomm Ltd. reported 1.2 % sequential
growth and clocking a net
profit of INR 510 Cr in Q1 2018, up from INR 504 Cr in December -
quarter.
For domestic nonfinancial industries, annualized
profit growth of 10.8 % (15.1 % y / y) last
quarter improved.
The current commodity - induced
profits recession may be short lived, but the real secular trend
growth rate in EPS should be much slower than the past
quarter - century.
Companies also are expected to pay out about 33 % of
profit in the fourth
quarter, Mr. Silverblatt says, as
profit growth outpaces dividend increases.
New York Times Co. on Thursday reported a 66 percent surge in
profit for the first
quarter from last year on higher revenues reflecting strong
growth in the company's digital subscription business.
Excluding the impact of the one - time factors affecting 2009 - 10, corporate income tax revenues are forecast to increase by about 17 % which is in line with the
growth in corporate
profits witnessed in the first three
quarters of 2010.
In Page's most recent
quarter, it posted double - digit
growth in gross
profits in every region, except the U.K. Given the company's significant exposure to the permanent placement market — a high - margin business — we believe that strong top - line trends will continue to grow Page's
profits in the coming years.
Even though year - over-year GDP
growth in the fourth
quarter was revised to 1.4 percent, up from 1 percent,
profits tanked a substantial 11.5 percent.
The second
quarter financial results for the Chinese - Canadian solar firm reveal above - guidance
growth in revenue and shipments, while
profit rises to $ 168 million for the
quarter.
(Reuters)- MetLife Inc reported an 8 percent rise in adjusted first -
quarter profit on Wednesday, boosted by U.S. tax reforms, as well as volume
growth in Asia and better results in auto and catastrophe businesses.
Telus Corp. (TSE: T), the third - largest carrier, jumped to the highest in more than five months after hiking its quarterly dividend as third -
quarter profit surpassed estimates, driven by
growth in both its wireless and wireline operations.
Despite the uptick in
growth, corporate
profits advanced at an annual rate of just 0.1 % in Q2, a sign that the broad economy is performing worse than large multinational firms, which have recorded two straight
quarters of double - digit
profit growth.