Market Notes

Market Notes

Alphabet Gives Green Light to Multi-Billion-Dollar Stock Buyback

Alphabet Gives Green Light to Multi-Billion-Dollar Stock Buyback

Search engine operator Alphabet (GOOG. GOOGL) said that it had authorized a multi-billion-dollar stock repurchase as it posted better-than-expected results for its fiscal second quarter after markets closed on Thursday. The company reported revenue of $38.94 billion in the three months ended June 30, up from $32.66 billion in the […]

by × July 26, 2019 × 0 comments

Market Notes

Whirlpool Raises Full-Year Guidance

Whirlpool Raises Full-Year Guidance

Whirlpool (WHR) ramped up its full-year guidance after markets closed on Monday as the manufacturer of home appliances posted better-than-expected second-quarter results, which were supported by rising demand in North America. The Benton Harbor, Mich.-based company reported revenue of $5.19 billion in the three months ended June 30, up from […]

by × July 23, 2019 × 0 comments

Market Notes

SAP Maintains Full-Year Guidance

SAP Maintains Full-Year Guidance

German technology major SAP (SAP) reiterated its full-year guidance on Thursday as it posted revenue and adjusted earnings per share for its second quarter that fell short of analysts’ estimates, despite being up year-on-year. The Waldorf, Germany-headquartered company generated revenue of 6.66 billion euros ($7.47 billion) on a non-IFRS basis […]

by × July 18, 2019 × 0 comments

Market Notes

Stagecoach Maintains Full-Year Earnings Forecast

Stagecoach Maintains Full-Year Earnings Forecast

Stagecoach (SGC.L), one of the UK’s biggest bus, coach, and rail operators, said early on Wednesday that it was maintaining its full-year earnings expectations for fiscal 2020 even as it completed the sale of its North America business and decided not to bid for any new UK rail franchises. The […]

by × June 26, 2019 × 0 comments

Market Notes

Oil Drops On Report Of Higher U.S. Inventories

Oil Drops On Report Of Higher U.S. Inventories

OIl prices were lower early on Wednesday on reports that U.S. inventories have continued to rise despite production cuts from OPEC and Russia and the removal of supply from Venezuela and Iran. West Texas Intermediate crude for July delivery was last seen down US$1.50 to US$51.77 per barrel while August […]

by × June 12, 2019 × 0 comments