Generali beats 2018 targets despite ‘challenging’ Italian market, raises dividend

“But when people do not invest because the economy is not growing, the life insurance business and asset management is growing.” Donnet also claimed that Generali’s 59 billion euros in Italian BTPs was not a concern to investors. Generali has reserved up to 4 billion euros for acquisitions and growth as it looks to asset management and high-margin business in Latin America and Asia. Clarification: This story has been updated to reflect that Donnet claimed that Generali’s 59 billion euros in Ital


“But when people do not invest because the economy is not growing, the life insurance business and asset management is growing.” Donnet also claimed that Generali’s 59 billion euros in Italian BTPs was not a concern to investors. Generali has reserved up to 4 billion euros for acquisitions and growth as it looks to asset management and high-margin business in Latin America and Asia. Clarification: This story has been updated to reflect that Donnet claimed that Generali’s 59 billion euros in Ital
Generali beats 2018 targets despite ‘challenging’ Italian market, raises dividend Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: reuters with cnbccom, pier marco tacca, getty images
Keywords: news, cnbc, companies, management, euros, despite, 2018, generalis, growing, targets, dividend, billion, market, business, beats, reflect, raises, generali, challenging, btps, economy, italian


Generali beats 2018 targets despite 'challenging' Italian market, raises dividend

Europe’s third-largest insurer said it would pay a dividend of 0.90 euros per share, up from the previous year’s 0.85 euros.

When it came to a potential European slowdown in 2019, however, Donnet said Generali was not concerned. He explained that people sought out the solutions Generali provided whether the economy was booming or lagging.

“Our business is very resilient, because when people do invest and the economy is growing, the property and casualty business is growing,” he said. “But when people do not invest because the economy is not growing, the life insurance business and asset management is growing.”

However he noted heavy competition in its domestic market, especially with motor insurance, adding that it was “challenging.”

“In Italy and France, by the way, we had to face very important claims … which obviously had a significant impact on the operating result,” he added.

Donnet also claimed that Generali’s 59 billion euros in Italian BTPs was not a concern to investors.

“(Investors) do not struggle any more on this — we have demonstrated that we have a strong capital position. We have further increased our solvency ratio by 9 percentage points, so our exposure to BTPs is no longer an issue,” he told CNBC.

Generali has reserved up to 4 billion euros for acquisitions and growth as it looks to asset management and high-margin business in Latin America and Asia.

Clarification: This story has been updated to reflect that Donnet claimed that Generali’s 59 billion euros in Italian BTPs was not a concern to investors. The headline has also been changed on this story to more accurately reflect Generali’s earnings release.


Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: reuters with cnbccom, pier marco tacca, getty images
Keywords: news, cnbc, companies, management, euros, despite, 2018, generalis, growing, targets, dividend, billion, market, business, beats, reflect, raises, generali, challenging, btps, economy, italian


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

LeBron James beats Michael Jordan’s NBA points but short on net worth

LeBron James passed basketball legend Michael Jordan to move into fourth place on the NBA career points-scoring list on Wednesday night. James personal achievement of 31 points for the Lakers’ on Wednesday wasn’t enough to prevent a 115-99 loss to the Denver Nuggets, but was more than consoled by bettering Jordan’s career points total of 32,292 points. “(I) wanted to be like MJ, wanted to shoot fadeaways like MJ, wanted to stick my tongue out on dunks like MJ, wanted to wear my sneakers like MJ.


LeBron James passed basketball legend Michael Jordan to move into fourth place on the NBA career points-scoring list on Wednesday night. James personal achievement of 31 points for the Lakers’ on Wednesday wasn’t enough to prevent a 115-99 loss to the Denver Nuggets, but was more than consoled by bettering Jordan’s career points total of 32,292 points. “(I) wanted to be like MJ, wanted to shoot fadeaways like MJ, wanted to stick my tongue out on dunks like MJ, wanted to wear my sneakers like MJ.
LeBron James beats Michael Jordan’s NBA points but short on net worth Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-07  Authors: adam reed, gary a vasquez, usa today sports, vince bucci, afp, getty images, anthony devlin, catherine steenkeste, andrew toth, filmmagic
Keywords: news, cnbc, companies, beats, mj, look, points, net, michael, lebron, total, nba, wanted, jordans, career, worth, needed, short, james


LeBron James beats Michael Jordan's NBA points but short on net worth

LeBron James passed basketball legend Michael Jordan to move into fourth place on the NBA career points-scoring list on Wednesday night.

His teammates congratulated him, a tribute video played, and at the next timeout James sat emotional and alone on the bench with his face covered by a towel.

“I don’t know, man, a lot of the stuff I’ve done in my career, this ranks right at the top,” the 34-year-old said after the game. “For a kid from Akron, Ohio, that needed inspiration, needed some type of positive influence, MJ was that guy for me.”

James personal achievement of 31 points for the Lakers’ on Wednesday wasn’t enough to prevent a 115-99 loss to the Denver Nuggets, but was more than consoled by bettering Jordan’s career points total of 32,292 points.

“(I) wanted to be like MJ, wanted to shoot fadeaways like MJ, wanted to stick my tongue out on dunks like MJ, wanted to wear my sneakers like MJ. I wanted kids to look up to me at some point like MJ,” said James after the game.

“It’s crazy, to be honest. It’s beyond crazy.”

According to Forbes at the end of 2018, James has a total net worth of $450 million, which is still some way short of Michael Jordan’s total net value of almost $2 billion, although some estimates put both men’s figure even higher.

CNBC takes a look at how the dollars stack up.


Company: cnbc, Activity: cnbc, Date: 2019-03-07  Authors: adam reed, gary a vasquez, usa today sports, vince bucci, afp, getty images, anthony devlin, catherine steenkeste, andrew toth, filmmagic
Keywords: news, cnbc, companies, beats, mj, look, points, net, michael, lebron, total, nba, wanted, jordans, career, worth, needed, short, james


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Target shares surge as company beats Wall Street estimates

Sales at Target stores open for at least 12 months were up 5.3 percent, with bricks-and-mortar store sales growing 2.9 percent, while online sales were up 31 percent. The company said its e-commerce business contributed 2.4 percentage points to overall same-store sales growth during the quarter. The number of overall transactions at Target rose 5.3 percent during the fourth quarter, compared with growth of 3.6 percent a year ago. Looking to fiscal 2019, Target says it anticipates a low-to-mid si


Sales at Target stores open for at least 12 months were up 5.3 percent, with bricks-and-mortar store sales growing 2.9 percent, while online sales were up 31 percent. The company said its e-commerce business contributed 2.4 percentage points to overall same-store sales growth during the quarter. The number of overall transactions at Target rose 5.3 percent during the fourth quarter, compared with growth of 3.6 percent a year ago. Looking to fiscal 2019, Target says it anticipates a low-to-mid si
Target shares surge as company beats Wall Street estimates Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-05  Authors: lauren thomas, courtney reagan, amelia lucas
Keywords: news, cnbc, companies, street, beats, earnings, surge, fourth, target, retailers, share, wall, growth, company, store, shares, quarter, estimates, sales, samestore


Target shares surge as company beats Wall Street estimates

Target delivered better-than-expected earnings during the critical holiday sales period as the retailer’s in-house brands and easy delivery options drew its strongest traffic and same-store sales growth in more than a decade.

The company’s adjusted earnings per share hit a new record and its digital sales surged more than 25 percent for the fifth year in a row, even as its net income slid 26.5 percent.

Shares of the company rose 6 percent in premarket trading.

“We have been driving an ambitious agenda to transform our company, evolve with our guests and drive strong growth,” CEO Brian Cornell said in statement announcing the company’s earnings Tuesday. “On every count we’ve been successful, and as we enter 2019, we will continue to lead the industry by adapting, innovating and delivering more for our guests and shareholders.”

Here’s what Target reported for the fiscal fourth quarter ended Feb. 2 compared with what analysts were expecting, based on average estimates compiled by Refinitiv:

Earnings per share, adjusted: $1.53 vs. $1.52 expected

Revenue: $22.98 billion vs. $22.96 billion expected

Same-store sales: up 5.3 percent vs. growth of 5.1 percent expected

On an unadjusted basis, net income fell 26.5 percent to $799 million, or $1.52 a share, during its fiscal fourth quarter ended Feb. 2 from $1.1 billion, or $1.99 a share, during approximately the same time the year before, which included one less week. Revenue was about flat at $23 billion.

Sales at Target stores open for at least 12 months were up 5.3 percent, with bricks-and-mortar store sales growing 2.9 percent, while online sales were up 31 percent. That was better than expected growth of 5.1 percent. The company said its e-commerce business contributed 2.4 percentage points to overall same-store sales growth during the quarter.

For the year, total same-store sales increased 5 percent, the strongest growth since 2005. Target’s e-commerce sales climbed 36 percent in 2018.

The number of overall transactions at Target rose 5.3 percent during the fourth quarter, compared with growth of 3.6 percent a year ago. And the average transaction amount grew 0.8 percent, better than growth of 0.4 percent last year. Traffic was up 4.5 percent.

Looking to fiscal 2019, Target says it anticipates a low-to-mid single digit increase in same-store sales, and a mid-single digit increase in net income. It’s calling for adjusted earnings of between $5.75 and $6.05 per share. Analysts had been expecting earnings per share of $5.61.

Target’s holiday-quarter results are a sign that its investments in store remodels and delivery services are paying off. Department store chains continue to struggle and other mall-based retailers like Gap and Charlotte Russe shut stores across the country.

Big-box retailers Target and Walmart, for the most part, have been immune to the same sales slumps that other companies are facing. Walmart grew its e-commerce sales a whopping 43 percent during the fourth quarter.

Target had been working to pick up market share from now-liquidated Babies R Us and Toys R Us, a strategy that succeeded during its fourth quarter. However, selling a higher volume of baby goods and toys didn’t help improve the company’s bottom line all that much since those items sell at lower profit margins.

Target’s recent digital initiatives, store makeovers and private brand development, coupled with “a continued healthy consumer backdrop” and favorable weather this spring, bode well for continued same-store sales growth, Gordon Haskett analyst Chuck Grom said ahead of Tuesday’s report.

To stay competitive, Target’s been investing in rolling out more in-house brands. It will soon launch three new lingerie and sleepwear brands to rival Victoria’s Secret. It continues to ink deals with popular fashion lines to collaborate on exclusive merchandise to be sold in Target stores; its latest is with Vineyard Vines.

Target also is getting more competitive with Amazon. It’s starting to invite select specialty brands and national retailers to sell on its website via a third-party marketplace, called “Target +.” The company says it hopes this approach will help it relieve pressure on profit margins, as it will be able to pass on shipping costs and some other expenses to incoming third-party sellers.

Target is expected to provide more details about its full-year fiscal 2019 outlook at a meeting with analysts in New York later on Tuesday morning.


Company: cnbc, Activity: cnbc, Date: 2019-03-05  Authors: lauren thomas, courtney reagan, amelia lucas
Keywords: news, cnbc, companies, street, beats, earnings, surge, fourth, target, retailers, share, wall, growth, company, store, shares, quarter, estimates, sales, samestore


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Chinese search giant Baidu beats on advertising sales but streaming costs surge

Chinese search engine operator Baidu beat market estimates for fourth-quarter revenue and profit on Thursday, as its core online marketing business stayed resilient and revenue surged in its Netflix-like streaming service iQiyi. The company, which is trying to cut its dependence on its core search business, spent heavily on content for iQiyi and promotions to attract new customers last year as its online ad business showed signs of pressure. “New growth will be driven by technological innovation


Chinese search engine operator Baidu beat market estimates for fourth-quarter revenue and profit on Thursday, as its core online marketing business stayed resilient and revenue surged in its Netflix-like streaming service iQiyi. The company, which is trying to cut its dependence on its core search business, spent heavily on content for iQiyi and promotions to attract new customers last year as its online ad business showed signs of pressure. “New growth will be driven by technological innovation
Chinese search giant Baidu beats on advertising sales but streaming costs surge Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: simon lim, afp, getty images
Keywords: news, cnbc, companies, chinese, online, surge, beats, business, search, baidu, core, streaming, yuan, sales, billion, advertising, iqiyi, revenue, costs, giant


Chinese search giant Baidu beats on advertising sales but streaming costs surge

Chinese search engine operator Baidu beat market estimates for fourth-quarter revenue and profit on Thursday, as its core online marketing business stayed resilient and revenue surged in its Netflix-like streaming service iQiyi.

Baidu is betting its focus on streaming and new areas such as artificial intelligence (AI) will boost revenue and offset lower ad sales from real estate, finance and other sectors impacted by China’s economic slowdown.

The company, which is trying to cut its dependence on its core search business, spent heavily on content for iQiyi and promotions to attract new customers last year as its online ad business showed signs of pressure.

“We have entered a new stage for the Chinese internet,” Baidu Chief Executive Robin Li said in a conference call with analysts, warning that the market has saturated.

“New growth will be driven by technological innovation, and for our core search and news feed we continue to see a lot of room to grow.”

Baidu will begin expanding its AI capabilities, such as smart speakers and autonomous driving, to enterprise and government customers to boost profits, executives said.

The company’s key online marketing business, which includes search, news feeds and a video app and accounts for more than three quarters of the company’s revenue, grew 10 percent to 21.2 billion yuan ($3.15 billion) in the quarter ended Dec. 31.

But revenue from the business rose 10 percent in the December quarter, the slowest pace in six quarters, while spending per customer slipped 4 percent.

Revenue from iQiyi, in contrast, jumped 55 percent to 7 billion yuan. Content costs however nearly doubled to 7.3 billion yuan, mostly for iQiyi, and the company expects such expenses to rise in 2019.

“We made a huge promotion around Chinese new year. So we have to consider that cost,” Chief Financial Officer Herman Yu said, referring to a campaign run in cooperation with state broadcaster CCTV.


Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: simon lim, afp, getty images
Keywords: news, cnbc, companies, chinese, online, surge, beats, business, search, baidu, core, streaming, yuan, sales, billion, advertising, iqiyi, revenue, costs, giant


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Dropbox beats on Q4 earnings, but the stock falls anyway

Dropbox stock rose slightly and then fell more as much as 6 percent after the tech company reported better-than-expected fourth-quarter earnings on Thursday. 10 cents per share, excluding certain items, vs. 8 cents per share as expected by analysts, according to Refinitiv. Revenue: $375.9 million, vs. $370 million as expected by analysts, according to Refinitiv. Revenue for Dropbox grew 23 year over year in the quarter, which ended Dec. 31, the company said. In the fourth quarter Dropbox announc


Dropbox stock rose slightly and then fell more as much as 6 percent after the tech company reported better-than-expected fourth-quarter earnings on Thursday. 10 cents per share, excluding certain items, vs. 8 cents per share as expected by analysts, according to Refinitiv. Revenue: $375.9 million, vs. $370 million as expected by analysts, according to Refinitiv. Revenue for Dropbox grew 23 year over year in the quarter, which ended Dec. 31, the company said. In the fourth quarter Dropbox announc
Dropbox beats on Q4 earnings, but the stock falls anyway Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: jordan novet
Keywords: news, cnbc, companies, vs, users, earnings, stock, quarter, dropbox, analysts, q4, beats, company, falls, million, cents, revenue, share


Dropbox beats on Q4 earnings, but the stock falls anyway

Dropbox stock rose slightly and then fell more as much as 6 percent after the tech company reported better-than-expected fourth-quarter earnings on Thursday.

Here’s how the company did:

Earnings: 10 cents per share, excluding certain items, vs. 8 cents per share as expected by analysts, according to Refinitiv.

10 cents per share, excluding certain items, vs. 8 cents per share as expected by analysts, according to Refinitiv. Revenue: $375.9 million, vs. $370 million as expected by analysts, according to Refinitiv.

Revenue for Dropbox grew 23 year over year in the quarter, which ended Dec. 31, the company said.

Dropbox said added around 400,000 paying users in the fourth quarter, with a total of 12.7 million. Analysts polled by FactSet had been looking for an increase of 277,000 paid users in the quarter.

The company also exceeded estimates on average revenue per user at $119.61. The FactSet consensus estimate was $118.48.

But at the end of the quarter Dropbox’s deferred revenue was below the $498 million estimate, at $485 million.

Dropbox provides a cloud-based file sharing application with more than 500 million registered users, and it competes with the likes of Apple, Google and Microsoft.

“Each quarter, we have become increasingly impressed with DBX’s business and financial model,” RBC Capital Markets analysts led by Mark Mahaney, who have an outperform rating on the stock, wrote in a note distributed to clients on Tuesday.

“Best of breed FCF [free cash flow] margins (33 percent in Q3) coupled with robust, consistent revenue growth. Call it Internet Scalability with SaaS [software as a service] Predictability. DBX’s freemium model enables highly cost-efficient customer acquisition, very high customer retention levels, and substantial revenue visibility with plenty of upsell opportunities. And new product improvements seem to be sticking with paying users. We continue to see a favorable set up for the stock.”

In the fourth quarter Dropbox announced a partnership with video calling software company Zoom and introduced Extensions that incorporate third-party services into its app. In January Dropbox made its biggest-ever acquisition, HelloSign, which has put it in competition with Adobe and DocuSign.

“We remain positive on. the HelloSign acquisition, as it helps Dropbox move up the value chain, similar to the motion with Dropbox Paper, in our view,” Rishi Jaluria of DA Davidson, who has a buy rating on Dropbox, wrote in a Tuesday note.

“Are you taking businesses away from other companies like Box, is that true?” CNBC’s Deirdre Bosa asked Dropbox co-founder and CEO Drew Houston in an interview on Thursday. “We are, absolutely,” Houston said.

Dropbox stock moved lower after the company issued guidance for the first quarter and all of 2019.

Shares have risen almost 24 percent since the beginning of the year.

This is breaking news. Please check back for updates.


Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: jordan novet
Keywords: news, cnbc, companies, vs, users, earnings, stock, quarter, dropbox, analysts, q4, beats, company, falls, million, cents, revenue, share


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Dropbox beats on Q4 earnings, but the stock falls anyway

Dropbox stock rose slightly and then fell more as much as 3 percent after the tech company reported better-than-expected fourth-quarter earnings on Thursday. 10 cents per share, excluding certain items, vs. 8 cents per share as expected by analysts, according to Refinitiv. Revenue: $375.9 million, vs. $370 million as expected by analysts, according to Refinitiv. Revenue for Dropbox grew 23 year over year in the quarter, which ended Dec. 31, the company said. In the fourth quarter Dropbox announc


Dropbox stock rose slightly and then fell more as much as 3 percent after the tech company reported better-than-expected fourth-quarter earnings on Thursday. 10 cents per share, excluding certain items, vs. 8 cents per share as expected by analysts, according to Refinitiv. Revenue: $375.9 million, vs. $370 million as expected by analysts, according to Refinitiv. Revenue for Dropbox grew 23 year over year in the quarter, which ended Dec. 31, the company said. In the fourth quarter Dropbox announc
Dropbox beats on Q4 earnings, but the stock falls anyway Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: jordan novet
Keywords: news, cnbc, companies, vs, users, earnings, stock, quarter, dropbox, analysts, q4, beats, company, falls, million, cents, revenue, share


Dropbox beats on Q4 earnings, but the stock falls anyway

Dropbox stock rose slightly and then fell more as much as 3 percent after the tech company reported better-than-expected fourth-quarter earnings on Thursday.

Here’s how the company did:

Earnings: 10 cents per share, excluding certain items, vs. 8 cents per share as expected by analysts, according to Refinitiv.

10 cents per share, excluding certain items, vs. 8 cents per share as expected by analysts, according to Refinitiv. Revenue: $375.9 million, vs. $370 million as expected by analysts, according to Refinitiv.

Revenue for Dropbox grew 23 year over year in the quarter, which ended Dec. 31, the company said.

Dropbox said added around 400,000 paying users in the fourth quarter, with a total of 12.7 million. Analysts polled by FactSet had been looking for an increase of 277,000 paid users in the quarter.

The company also exceeded estimates on average revenue per user at $119.61. The FactSet consensus estimate was $118.48.

But at the end of the quarter Dropbox’s deferred revenue was below the $498 million estimate, at $485 million.

Dropbox provides a cloud-based file sharing application with more than 500 million registered users, and it competes with the likes of Apple, Google and Microsoft.

“Each quarter, we have become increasingly impressed with DBX’s business and financial model,” RBC Capital Markets analysts led by Mark Mahaney, who have an outperform rating on the stock, wrote in a note distributed to clients on Tuesday.

“Best of breed FCF [free cash flow] margins (33 percent in Q3) coupled with robust, consistent revenue growth. Call it Internet Scalability with SaaS [software as a service] Predictability. DBX’s freemium model enables highly cost-efficient customer acquisition, very high customer retention levels, and substantial revenue visibility with plenty of upsell opportunities. And new product improvements seem to be sticking with paying users. We continue to see a favorable set up for the stock.”

In the fourth quarter Dropbox announced a partnership with video calling software company Zoom and introduced Extensions that incorporate third-party services into its app. In January Dropbox made its biggest-ever acquisition, HelloSign, which has put it in competition with Adobe and DocuSign.

“We remain positive on. the HelloSign acquisition, as it helps Dropbox move up the value chain, similar to the motion with Dropbox Paper, in our view,” Rishi Jaluria of DA Davidson, who has a buy rating on Dropbox, wrote in a Tuesday note.

Dropbox will issue guidance on its conference call.

Shares have risen almost 24 percent since the beginning of the year.

This is breaking news. Please check back for updates.


Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: jordan novet
Keywords: news, cnbc, companies, vs, users, earnings, stock, quarter, dropbox, analysts, q4, beats, company, falls, million, cents, revenue, share


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Medtronic quarterly profit beats on strength in surgical products

Medical device maker Medtronic on Tuesday beat Wall Street estimates for quarterly profit, driven by higher sales in its surgical products unit and restorative therapies group. Its fast-growing minimally invasive therapies business, which makes surgical instruments and endoscopy products, brought in revenue of $2.12 billion, above analysts’ expectation of $2.08 billion. Revenue from its restorative therapies division, which makes medical devices and implants to treat neurological disorders and c


Medical device maker Medtronic on Tuesday beat Wall Street estimates for quarterly profit, driven by higher sales in its surgical products unit and restorative therapies group. Its fast-growing minimally invasive therapies business, which makes surgical instruments and endoscopy products, brought in revenue of $2.12 billion, above analysts’ expectation of $2.08 billion. Revenue from its restorative therapies division, which makes medical devices and implants to treat neurological disorders and c
Medtronic quarterly profit beats on strength in surgical products Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: david paul morris, bloomberg, getty images
Keywords: news, cnbc, companies, analysts, profit, share, rose, restorative, beats, products, revenue, strength, billion, therapies, medtronic, beat, quarterly, surgical


Medtronic quarterly profit beats on strength in surgical products

Medical device maker Medtronic on Tuesday beat Wall Street estimates for quarterly profit, driven by higher sales in its surgical products unit and restorative therapies group.

Its fast-growing minimally invasive therapies business, which makes surgical instruments and endoscopy products, brought in revenue of $2.12 billion, above analysts’ expectation of $2.08 billion.

The company said it expects full-year earnings to be in the range of $5.14 to $5.16 per share, up from the prior forecast of $5.10 to $5.15 per share. Analysts had expected $5.12 per share.

Medtronic also raised its 2019 forecast for organic revenue growth to 5.25 percent to 5.5 percent, but said a strong dollar would impact its full-year revenue by about $425 million to $475 million.

Revenue from its restorative therapies division, which makes medical devices and implants to treat neurological disorders and conditions affecting the spine, rose 4.2 percent to beat the average analyst estimate of $2.02 billion.

Net income attributable to Medtronic was $1.27 billion, or 94 cents per share, in the quarter ended Jan. 25, compared with a loss of $1.39 billion, or $1.03 per share, a year earlier, when it recorded a tax-related charge.

Excluding items, the company earned $1.29 per share, beating analysts’ expectations of $1.24 per share, according to IBES data from Refinitiv.

Revenue rose 2.4 percent to $7.55 billion and beat analysts’ estimate of $7.52 billion.


Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: david paul morris, bloomberg, getty images
Keywords: news, cnbc, companies, analysts, profit, share, rose, restorative, beats, products, revenue, strength, billion, therapies, medtronic, beat, quarterly, surgical


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

RBS beats full-year profit expectations, warns of ‘heightened’ Brexit uncertainty

Royal Bank of Scotland has slightly beaten expectations by reporting a net income of £1.62 billion ($2.07 billion) for 2018 on Friday. Analysts were expecting a net income of £1.58 billion for the full-year, according to Reuters’ Eikon. In terms of quarterly performance, net income stood at £286 million versus £448 million in the third quarter. In the summer last year, the bank proposed its first dividend in 10 years. However, there are significant concerns over Brexit and the future of the U.K.


Royal Bank of Scotland has slightly beaten expectations by reporting a net income of £1.62 billion ($2.07 billion) for 2018 on Friday. Analysts were expecting a net income of £1.58 billion for the full-year, according to Reuters’ Eikon. In terms of quarterly performance, net income stood at £286 million versus £448 million in the third quarter. In the summer last year, the bank proposed its first dividend in 10 years. However, there are significant concerns over Brexit and the future of the U.K.
RBS beats full-year profit expectations, warns of ‘heightened’ Brexit uncertainty Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-15  Authors: silvia amaro
Keywords: news, cnbc, companies, uk, stood, uncertainty, bank, net, beats, fullyear, heightened, expectations, billion, versus, income, dividend, million, proposed, brexit, profit, rbs, warns


RBS beats full-year profit expectations, warns of 'heightened' Brexit uncertainty

Royal Bank of Scotland has slightly beaten expectations by reporting a net income of £1.62 billion ($2.07 billion) for 2018 on Friday.

Analysts were expecting a net income of £1.58 billion for the full-year, according to Reuters’ Eikon.

In terms of quarterly performance, net income stood at £286 million versus £448 million in the third quarter.

Here are some other highlights for the full-year:

Profit stood at £3.34 billion versus £2.24 billion in 2017

Common Equity Tier 1 ratio of 16.2 percent versus 15.9 percent at the end of 2017

It proposed a full-year ordinary dividend of 3.5 pence per share

The U.K. lender has been at the center of a long legal saga with the DOJ over its selling of toxic mortgages in the U.S. in the run-up to the 2008 financial crisis. The lengthy settlement agreement process had prevented the bank from providing dividends to its shareholders. In the summer last year, the bank proposed its first dividend in 10 years.

RBS’ chief executive Ross McEwan said in a statement: “2018 was a year of strong progress on our strategy – we settled our remaining major legacy issues, paid our first dividend in ten years and delivered another full year bottom line profit.”

However, there are significant concerns over Brexit and the future of the U.K. economy.


Company: cnbc, Activity: cnbc, Date: 2019-02-15  Authors: silvia amaro
Keywords: news, cnbc, companies, uk, stood, uncertainty, bank, net, beats, fullyear, heightened, expectations, billion, versus, income, dividend, million, proposed, brexit, profit, rbs, warns


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

DSM fourth-quarter core profit rises 3 percent, narrowly beats estimates

Dutch speciality chemicals company DSM on Thursday narrowly beat analysts’ expectations with a 3 percent rise in fourth-quarter core profit, at 370 million euros ($417.1 million), and said it would buy back 1 billion euros worth its own shares. Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 3 percent to 370 million euros in the three months ended Dec. 31, while analysts in a Reuters poll had expected it to remain virtually flat at 362 million euros. “We ove


Dutch speciality chemicals company DSM on Thursday narrowly beat analysts’ expectations with a 3 percent rise in fourth-quarter core profit, at 370 million euros ($417.1 million), and said it would buy back 1 billion euros worth its own shares. Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 3 percent to 370 million euros in the three months ended Dec. 31, while analysts in a Reuters poll had expected it to remain virtually flat at 362 million euros. “We ove
DSM fourth-quarter core profit rises 3 percent, narrowly beats estimates Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: cnbccom with reuters, jasper juinen bloomberg via getty images
Keywords: news, cnbc, companies, told, environment, million, dsm, fourthquarter, uncertain, narrowly, core, virtually, rises, beats, euros, 370, profit, estimates, analysts, worth


DSM fourth-quarter core profit rises 3 percent, narrowly beats estimates

Dutch speciality chemicals company DSM on Thursday narrowly beat analysts’ expectations with a 3 percent rise in fourth-quarter core profit, at 370 million euros ($417.1 million), and said it would buy back 1 billion euros worth its own shares.

Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 3 percent to 370 million euros in the three months ended Dec. 31, while analysts in a Reuters poll had expected it to remain virtually flat at 362 million euros.

“We overdelivered on all of our targets… and, therefore on that basis of how we have performed, we look positive in 2019,” DSM CEO Feike Sijbesma told CNBC’s “Squawk Box Europe” on Thursday.

“I think we realise the uncertain economic environment (and) we are well positioned in that environment.”


Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: cnbccom with reuters, jasper juinen bloomberg via getty images
Keywords: news, cnbc, companies, told, environment, million, dsm, fourthquarter, uncertain, narrowly, core, virtually, rises, beats, euros, 370, profit, estimates, analysts, worth


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

European markets: China trade data beats expectations, Brexit in focus

Europe’s industrials stocks led the gains during early morning deals, up around 1 percent amid earnings news. France’s Airbus was one of the top sectoral performers, after the company announced stronger-than-anticipated fourth-quarter results. Looking at individual stocks, Germany’s Gerresheimer surged to the top of the European benchmark on Thursday morning. The medical equipment maker said it was “back on the growth path” after reporting fourth-quarter results, prompting shares to advance over


Europe’s industrials stocks led the gains during early morning deals, up around 1 percent amid earnings news. France’s Airbus was one of the top sectoral performers, after the company announced stronger-than-anticipated fourth-quarter results. Looking at individual stocks, Germany’s Gerresheimer surged to the top of the European benchmark on Thursday morning. The medical equipment maker said it was “back on the growth path” after reporting fourth-quarter results, prompting shares to advance over
European markets: China trade data beats expectations, Brexit in focus Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: sam meredith
Keywords: news, cnbc, companies, group, data, focus, shares, brexit, stocks, maker, results, morning, fourthquarter, expectations, beats, china, deal, convatec, european, trade, markets


European markets: China trade data beats expectations, Brexit in focus

The pan-European Stoxx 600 was up around 0.4 percent shortly after the opening bell, with most sectors and major bourses in positive territory.

Europe’s industrials stocks led the gains during early morning deals, up around 1 percent amid earnings news. France’s Airbus was one of the top sectoral performers, after the company announced stronger-than-anticipated fourth-quarter results. Europe’s largest aerospace group also said it was scrapping its flagship A380 cruiseliner. Shares of the Paris-listed stock rose more than 4 percent on the news.

Looking at individual stocks, Germany’s Gerresheimer surged to the top of the European benchmark on Thursday morning. The medical equipment maker said it was “back on the growth path” after reporting fourth-quarter results, prompting shares to advance over 10 percent.

Britain’s Convatec slumped to the bottom of the index during morning trade. The catheter and colostomy bag maker reported adjusted operating profit had slipped 6 percent in 2018. It said the risk of a no-deal Brexit had prompted the group to stockpile appropriately to deal with any potential supply disruptions. Shares of Convatec almost 20 percent.

Meanwhile, lawmakers in the U.K. are set to debate and vote on the next steps in the Brexit process later in the session.

It comes as Prime Minister Theresa May continues to try to get a deal through Parliament, with time running out before the country leaves the European Union next month.


Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: sam meredith
Keywords: news, cnbc, companies, group, data, focus, shares, brexit, stocks, maker, results, morning, fourthquarter, expectations, beats, china, deal, convatec, european, trade, markets


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post