«These results are all the more impressive given the context that this is a seasonally
weak quarter for them, and there were several periods of difficult weather during this quarter.»
Helped also by higher interest rate levels after three rate hikes by the Federal Reserve, the core lending business more than offset
a weaker quarter for its market division.
Not exact matches
Paul Ferley, assistant chief economist at RBC, expects positive results
for consumer spending in the
quarter overall (up an annualized 2.8 % in Q2 from a
weaker Q1), but noted that retailers are still dealing with modest levels of spending by households.
The 0.4 per cent growth rate
for the gross domestic product, the economy's total output of goods and services, was the
weakest quarterly performance in almost two years and followed a much faster 3.1 per cent increase in the third
quarter.
Priceline's
weak third -
quarter guidance also was a cause
for concern.
Apple: Cramer thinks this
quarter will be a
weak one
for the tech giant, which reports after the bell.
Priceline shares tanked by 8 percent Wednesday after the company reported a bookings miss
for its second
quarter and
weak guidance
for the current
quarter.
In addition to the battle
for control, which has pitted Dauman against 93 - year - old controlling shareholder Sumner Redstone and his daughter Shari, the company said that advertising sales have been
weak, and they are expected to be down by 4 %
for the
quarter.
Shares of Priceline sunk 6 percent after the company reported
weak guidance
for its third
quarter.
CEO Kevin Mansell said, «Sales were modestly below our original expectations
for the
quarter, but accelerated in the March / April combined period after a
weak February.
The company's shares fell nearly 2 per cent as Wal - Mart reported results that missed Wall Street's expectations
for the third time in five
quarters and gave a
weak second -
quarter earnings forecast.
«If you look at seasonality of [economic] growth, the first
quarter has been
weak for seven or eight straight years,» says Rick Rieder of BlackRock.
With
weak results in wireless at Verizon — revenue fell 5 % and an adjusted profit measure fell almost 8 %
for the
quarter in the unit — those fears may only grow.
«However, what will matter
for Fed policy is not the
weak performance in the second
quarter, but whether spending reaccelerates or remains stuck in the coming months.»
It provided guidance
for revenue in the crucial holiday
quarter that was
weaker than analysts had expected.
Shares lost 25 % of their value on investor fears that the
weak quarter was only the beginning of a tough chapter
for Office Depot.
Weak sales in China are particularly troubling
for Tesla — which will report its fourth
quarter earnings today — because Musk has previously said that car sales there could rival the US by 2015, and that the two countries would comprise its largest markets, according to Reuters.
GameStop shares were down as much as 20 percent Tuesday morning as the company issued a
weaker - than - expected forecast
for the fourth
quarter and full year due to declines in video game sales.
That company's shares took a dive as it reported a
weaker than expected first -
quarter profit and issued a forecast
for the year that also disappointed investors.
Marvell also gave strong fourth -
quarter EPS guidance, but
weak revenue guidance
for the
quarter.
As a result of
weaker sales in the wake of the data breach, the third largest U.S. retailer also cut its fourth -
quarter adjusted earnings per share (EPS) forecast
for its U.S. operations to $ 1.20 to $ 1.30, from $ 1.50 to $ 1.60.
Williamson said the PMIs pointed to fourth -
quarter GDP growth of 0.1 percent,
weaker than the 0.2 percent predicted in a Reuters poll last week, but that very
weak expansion is coming at a cost: firms cut prices
for the 33rd month.
Ebay's stock dropped after the company reported second
quarter earnings in line with analysts» expectations, but offered
weaker guidance
for the third
quarter.
A «negative»
for Facebook from the filling shows that while revenue was up 45 percent from 2011, it was down 6 percent
quarter - over-
quarter and was still
weak compared to analysts» estimates of $ 1.3 billion.
Alcoa Inc.'s third -
quarter results, scheduled to be revealed after the market closes Thursday, will mark the unofficial launch of what is currently projected to be the
weakest earnings reporting season
for S&P 500 companies in six years.
The Bank of Canada reported Monday that business sentiment
for future sales growth remained «
weak» in the second
quarter as Canada's energy industry struggled with an oil shock.
A wobbly equity market, expectations
for higher interest rates and
weaker economic growth in the first
quarter have inspired some pundits to claim that bear - market risk
for stocks...
The biggest
weak spot
for the
quarter was sales at its Gillette shaving business, which reported a 5 percent drop in net sales.
Despite exceeding expectations
for the
quarter, Atlassian shares had fallen more than 11 per cent to $ US55.10 in after - hours trading because its full - year outlook was
weaker than expected.
Apple (AAPL.O) dropped 1.1 percent after Goldman Sachs cut its March and June
quarter sales estimates
for the iPhone, citing
weak demand.
Though the second -
quarter bounce back is dampening wage pressure
for now, the
weak trend in productivity suggests the economy's growth potential could be lower than the 1.5 percent to 2.0 percent pace that economists have been estimating.
The evidence also suggests, however, that any expansion is likely to be relatively
weak except
for a 1 - 2
quarter bounce of inventory rebuilding, and that the sustainability of any upturn may be cut short by accelerating debt problems.
Although China is still set
for sub-8 per cent growth in 2012, its
weakest in more than a decade, momentum picked up noticeably in the fourth
quarter after the government increased its spending on infrastructure.
But, on average, household and business spending data have come in a bit
weaker than expected, leading many to revise down their forecasts
for the current
quarter.
«TV shipment growth in China was strong in the fourth
quarter, due to sell - in
for the Chinese New Year Holidays, which runs counter to the very
weak conditions in other emerging markets,» said Paul Gagnon, director of TV research
for IHS Technology.
A wobbly equity market, expectations
for higher interest rates and
weaker economic growth in the first
quarter have inspired some pundits to claim that bear - market risk
for stocks has spiked higher in recent weeks.
(Reuters)- DowDuPont Inc (DWDP.N) reported a higher - than - expected first -
quarter profit on Thursday as increased prices
for its products and demand
for packaging, paint and other materials made up
for a
weak agriculture business.
September's
weak trade results are also bad
for the current
quarter.
Credit Suisse was one of the worst performers
for the
quarter due to a
weaker investment banking environment and because of negative comments about Credit Suisse in the Swiss National Bank's (SNB) recent annual Financial Stability report.
These expectations receded
for a time during the March
quarter in response to signs of some cooling in the housing market, strength in the exchange rate and reduced likelihood of a tightening by the US Fed after a couple of
weak US employment numbers.
Farm income declined in the fourth
quarter and credit conditions remained relatively
weak, but farm real estate continued to provide support
for the District's agricultural economy.
For comparison, even in a relatively
weak period, Apple sold 50 million much costlier iPhones in just 90 days last
quarter, and the combined total sales of the far more prevalent Android phones no doubt were much greater.
Both companies reported
weak results
for their latest
quarter.
On the company's earnings call, Costolo blamed
quarter - specific issues
for the
weaker than expected number, pointing to seasonality and Apple's iOS 8 release.
This has helped markets remain near their record - highs despite a
weak global economy and a
weak economic outlook — and despite poor fourth -
quarter and year - end results and an even
weaker outlook
for the first
quarter of 2016.
For the
quarter, Information Technology and Financials were our highest contributing sectors, and Health Care and Consumer Staples, two of our lowest weighted areas, were our
weakest performers.
TOKYO (MNI)- Japan's gross domestic product
for the January - March
quarter is expected by economists to be flat both on
quarter and at an annualized pace, as solid capital investment is offset by
weak private consumption amid bad winter weather.
For example, the ACCI - Westpac Survey of the manufacturing industry conducted in the March
quarter suggested somewhat stronger expectations of rises in profits and selling prices, although the assessment of current conditions was still
weak.
The International Monetary Fund said Thursday it has trimmed down its expected global growth
for 2015 to 3.3 percent, citing
weaker - than - expected economic activity in North America during the first
quarter.
Fitbit reported earnings and revenue Monday that topped analysts» expectations, but its shares plunged after
weaker - than - expected guidance
for the current
quarter.