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


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China services growth eases to four-month low, pointing to a challenging outlook for companies

The Caixin/Markit services purchasing managers’ index (PMI) fell to 51.1, the lowest since October and down sharply from January’s 53.6. China is banking on a stronger services sector to cushion a slowdown in its vast manufacturing industry that is being hit by rising labour costs and a U.S.-China trade war. With the manufacturing sector still in contraction, and new export orders falling last month, business sentiment has taken a hit in sign of heightened concerns about the outlook. Caixin’s co


The Caixin/Markit services purchasing managers’ index (PMI) fell to 51.1, the lowest since October and down sharply from January’s 53.6. China is banking on a stronger services sector to cushion a slowdown in its vast manufacturing industry that is being hit by rising labour costs and a U.S.-China trade war. With the manufacturing sector still in contraction, and new export orders falling last month, business sentiment has taken a hit in sign of heightened concerns about the outlook. Caixin’s co
China services growth eases to four-month low, pointing to a challenging outlook for companies Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-05  Authors: qilai shen, bloomberg, getty images
Keywords: news, cnbc, companies, orders, challenging, fell, china, manufacturing, sector, pace, war, fourmonth, eases, pointing, trade, companies, services, low, slowest, outlook, growth, months


China services growth eases to four-month low, pointing to a challenging outlook for companies

China’s services sector expanded at the slowest pace in four months in February, pressured by fewer new orders at home and abroad, a private survey showed on Tuesday, underlining growing strains on the economy and a challenging outlook for businesses this year.

The Caixin/Markit services purchasing managers’ index (PMI) fell to 51.1, the lowest since October and down sharply from January’s 53.6. The 50-mark separates growth from contraction.

The findings were largely in line with those of an official gauge of the non-manufacturing sector released last week, which showed services activity cooled in February after rebounding for two straight months.

China is banking on a stronger services sector to cushion a slowdown in its vast manufacturing industry that is being hit by rising labour costs and a U.S.-China trade war. However, consumers have turned more cautious about spending as income growth slowed in the face of a broadening economic slowdown.

Growth in new orders fell to the weakest since October, while export sales also rose at the slowest clip in five months, pointing to softer demand both at home and overseas.

Job creation in the services sector also eased off to grow at only a marginal pace, which is sure to keep policymakers wary as Beijing will be keen to avoid significant job losses lest it stokes social instability.

With the manufacturing sector still in contraction, and new export orders falling last month, business sentiment has taken a hit in sign of heightened concerns about the outlook.

Indeed, confidence for the year ahead among Chinese services providers fell to a three-month low, while operating expenses in February rose faster than the previous month.

Caixin’s composite manufacturing and services PMI, also released on Tuesday, slipped to 50.7 in February from 50.9 in January.

“In general, domestic manufacturing demand recovered significantly in February,” said Zhengsheng Zhong, Director of Macroeconomic Analysis at CEBM Group.

“However, with downward pressure on employment, expansion in the services industry slowed notably. Increased infrastructure investment may have prevented a sharper decline in economic growth.”

Chinese policymakers have rolled out a flurry of measures to support the world’s second-largest economy which is growing at its slowest pace in almost three decades. More policy steps are expected in coming months, though some relief might be in the offing for businesses as signs emerge that Beijing and Washington might strike a deal to end their bitter year-long trade war.


Company: cnbc, Activity: cnbc, Date: 2019-03-05  Authors: qilai shen, bloomberg, getty images
Keywords: news, cnbc, companies, orders, challenging, fell, china, manufacturing, sector, pace, war, fourmonth, eases, pointing, trade, companies, services, low, slowest, outlook, growth, months


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Lawsuits challenging Trump’s national emergency declaration use his words against him

President Donald Trump’s words are being used against him in a slew of lawsuits challenging his declaration of a national emergency at the southern border. But I’d rather do it much faster,” Trump said of the national emergency declaration, speaking from the White House Rose Garden, according to an official transcript. The White House, which did not respond to a request for comment, has said that a national emergency declaration is necessary to address the “situation at the southern border.” Rat


President Donald Trump’s words are being used against him in a slew of lawsuits challenging his declaration of a national emergency at the southern border. But I’d rather do it much faster,” Trump said of the national emergency declaration, speaking from the White House Rose Garden, according to an official transcript. The White House, which did not respond to a request for comment, has said that a national emergency declaration is necessary to address the “situation at the southern border.” Rat
Lawsuits challenging Trump’s national emergency declaration use his words against him Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: tucker higgins, carlos barria
Keywords: news, cnbc, companies, presidents, wrote, president, wall, trumps, challenging, national, border, public, emergency, words, statements, declaration, lawsuits


Lawsuits challenging Trump's national emergency declaration use his words against him

President Donald Trump’s words are being used against him in a slew of lawsuits challenging his declaration of a national emergency at the southern border.

In at least three federal court lawsuits filed, lawyers have seized on the president’s remark during Friday’s press conference announcing the declaration that he “didn’t need to” declare a national emergency.

In suits brought by the Center for Biological Diversity, Public Citizen and 16 U.S. states, the challengers have argued that the president’s comments show that his national emergency declaration is a matter of personal preference or a negotiating tactic — not a true emergency requiring the use of American armed forces, as the White House has claimed.

The American Civil Liberties Union, which has said it will file a lawsuit against the administration this week, has featured the president’s comment in news releases.

The president’s remarks on Friday came after a protracted battle with Congress over his demands for billions of dollars in funding for his proposed border wall.

The tussle led to a partial government shutdown that stretched through December and January — the longest in American history. The issue appeared to be resolved last week only after the president agreed to sign a spending bill without funding for the wall, while simultaneously declaring a national emergency to bypass Congress and unlock already appropriated Department of Defense funds.

“I didn’t need to do this. But I’d rather do it much faster,” Trump said of the national emergency declaration, speaking from the White House Rose Garden, according to an official transcript. “And I don’t have to do it for the election. I’ve already done a lot of wall, for the election — 2020.”

The White House, which did not respond to a request for comment, has said that a national emergency declaration is necessary to address the “situation at the southern border.” It argues the situation poses a threat to core national security interests and that a wall is needed to stem what it says is a flow of criminal activity from Mexico.

Following the declaration, the administration has access to $8.1 billion to build a southwestern border wall, including up to $3.6 billion in DOD funds appropriated for military construction, according to a fact sheet prepared by the administration.

But the president’s comment, according to lawyers for Public Citizen, “conceded that the situation at the southern border does not require a declaration of national emergency.”

“Of the 58 times presidents have previously declared emergencies under the National Emergencies Act, none involved using the emergency powers to fund a policy goal after a president failed to meet that goal through foreign diplomacy (having Mexico pay for the wall) or the congressional appropriations process,” wrote attorneys for the Center for Biological Diversity, citing the comment.

And the coalition of states opposing the declaration wrote that the president, while “explaining his rationale” for the declaration, “candidly admitted that the emergency declaration reflected his personal preference to construct the wall more quickly, rather than an actual urgent need for it to be built immediately.”

“In his own public statements, President Trump has made clear that his emergency declaration was triggered by his inability to secure funding for the border wall from Congress rather than an actual national emergency at the border,” the California-led group of attorneys general wrote in their complaint.

That lawsuit, the most extensive yet filed, cites public statements and tweets from Trump dating to 2014, when he began advocating for a border wall on Twitter.

The “salient facts,” the group wrote, including “the historic pattern of unauthorized immigrants committing crimes at substantially lower rates than native-born Americans,” have not changed since Trump’s inauguration in 2017.

Rather, the states allege that the president’s inability to obtain funding from Congress is the reason for the national emergency declaration.

In addition to Trump’s comments on Friday, the group of states cited the president’s comments to reporters last month in which he said his “threshold” for declaring a national emergency was “if I can’t make a deal with people that are unreasonable.”

The president said on Friday that he was anticipating a number of legal challenges, and that he expected to ultimately be vindicated by the U.S. Supreme Court.

“Hopefully we will get a fair shake, and we will win in the Supreme Court, just like the ban,” Trump said.

The justices upheld a version of the president’s travel ban in June 2018 after it was blocked by lower courts. The ban was challenged on the grounds that it was motivated by hostility to Muslims. The top court’s reasoning at the time could be good news for the president’s national emergency declaration.

In the travel ban case, the state of Hawaii argued that the president’s public statements and tweets demonstrated his intent to discriminate against Muslims. But the justices, ruling 5-4 in the president’s favor, found that the tweets were not relevant to the case at hand, and instead relied only on the text of the ban itself.

“The issue before us is not whether to denounce the statements,” Chief Justice John Roberts wrote in the opinion of the court upholding the president’s order.

“It is instead the significance of those statements in reviewing a Presidential directive, neutral on its face, addressing a matter within the core of executive responsibility.”


Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: tucker higgins, carlos barria
Keywords: news, cnbc, companies, presidents, wrote, president, wall, trumps, challenging, national, border, public, emergency, words, statements, declaration, lawsuits


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Kobe Bryant recalls how he dared his fellow Lakers ‘to be their best selves’—and it worked

Over his 20-season career with the Los Angeles Lakers, Kobe Bryant led his team to five NBA titles. “I liked challenging people and making them uncomfortable,” the retired basketball star writes in his new book, “Mamba Mentality.” “That’s what leads to introspection and that’s what leads to improvement. “To learn what would work and for who, I started doing homework and watched how they behaved,” he continues. “Once I understood them, I could help bring the best out of them by touching the right


Over his 20-season career with the Los Angeles Lakers, Kobe Bryant led his team to five NBA titles. “I liked challenging people and making them uncomfortable,” the retired basketball star writes in his new book, “Mamba Mentality.” “That’s what leads to introspection and that’s what leads to improvement. “To learn what would work and for who, I started doing homework and watched how they behaved,” he continues. “Once I understood them, I could help bring the best out of them by touching the right
Kobe Bryant recalls how he dared his fellow Lakers ‘to be their best selves’—and it worked Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-30  Authors: kathleen elkins, david sherman, national basketball association, getty images
Keywords: news, cnbc, companies, writes, kobe, fellow, worked, bryant, work, dared, best, thats, watched, leads, learned, challenging, selvesand, right, won, lakers, recalls


Kobe Bryant recalls how he dared his fellow Lakers 'to be their best selves'—and it worked

Over his 20-season career with the Los Angeles Lakers, Kobe Bryant led his team to five NBA titles. But it wasn’t just his jump shot that won championships.

“I liked challenging people and making them uncomfortable,” the retired basketball star writes in his new book, “Mamba Mentality.” “That’s what leads to introspection and that’s what leads to improvement. You could say I dared people to be their best selves.”

His leadership style took leg-work. After all, how you go about challenging an individual depends on things like their personality, what they’re good at and what they need to get better at.

“To learn what would work and for who, I started doing homework and watched how they behaved,” he continues. “I learned their histories and listened to what their goals were. I learned what made them feel secure and where their greatest doubts lay.

“Once I understood them, I could help bring the best out of them by touching the right nerve at the right time.”


Company: cnbc, Activity: cnbc, Date: 2018-11-30  Authors: kathleen elkins, david sherman, national basketball association, getty images
Keywords: news, cnbc, companies, writes, kobe, fellow, worked, bryant, work, dared, best, thats, watched, leads, learned, challenging, selvesand, right, won, lakers, recalls


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CBRE CEO on how they’re challenging WeWork with the launch of Hana

CBRE CEO on how they’re challenging WeWork with the launch of Hana4 Hours AgoCBRE CEO Bob Sulentic joins ‘Power Lunch’ to weigh in on the commercial real estate industry, trade war concerns, earnings, midterm elections and how they’re planning on taking over WeWork.


CBRE CEO on how they’re challenging WeWork with the launch of Hana4 Hours AgoCBRE CEO Bob Sulentic joins ‘Power Lunch’ to weigh in on the commercial real estate industry, trade war concerns, earnings, midterm elections and how they’re planning on taking over WeWork.
CBRE CEO on how they’re challenging WeWork with the launch of Hana Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-01
Keywords: news, cnbc, companies, real, theyre, cbre, wework, taking, launch, ceo, sulentic, weigh, challenging, trade, war, hana, power


CBRE CEO on how they're challenging WeWork with the launch of Hana

CBRE CEO on how they’re challenging WeWork with the launch of Hana

4 Hours Ago

CBRE CEO Bob Sulentic joins ‘Power Lunch’ to weigh in on the commercial real estate industry, trade war concerns, earnings, midterm elections and how they’re planning on taking over WeWork.


Company: cnbc, Activity: cnbc, Date: 2018-11-01
Keywords: news, cnbc, companies, real, theyre, cbre, wework, taking, launch, ceo, sulentic, weigh, challenging, trade, war, hana, power


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Snap sinks below $6 per share on the heels of a mixed earnings report

Snap’s stock sank below $6 per share for the first time Friday, on the heels of a mixed third-quarter earnings report. The company shed as much as 17 percent in morning trading to a new all-time low of $5.77. Snap closed down 10.16 percent on Friday, bringing share prices to $6.28. J.P. Morgan downgraded the stock Friday and halved its price target citing a challenging competitive landscape. “We believe that Instagram is much more penetrated in these demographics, and it will be challenging for


Snap’s stock sank below $6 per share for the first time Friday, on the heels of a mixed third-quarter earnings report. The company shed as much as 17 percent in morning trading to a new all-time low of $5.77. Snap closed down 10.16 percent on Friday, bringing share prices to $6.28. J.P. Morgan downgraded the stock Friday and halved its price target citing a challenging competitive landscape. “We believe that Instagram is much more penetrated in these demographics, and it will be challenging for
Snap sinks below $6 per share on the heels of a mixed earnings report Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-26  Authors: sara salinas
Keywords: news, cnbc, companies, sinks, snap, trading, heels, instagram, stock, users, challenging, earnings, believe, wrote, mixed, report, share, snaps


Snap sinks below $6 per share on the heels of a mixed earnings report

Snap’s stock sank below $6 per share for the first time Friday, on the heels of a mixed third-quarter earnings report.

The company shed as much as 17 percent in morning trading to a new all-time low of $5.77. Snap closed down 10.16 percent on Friday, bringing share prices to $6.28. The stock has now lost more than half its value so far in 2018 and is trading more than 70 percent below 52-week highs.

Snap beat on both the top and bottom lines Thursday, but revealed declining daily active users for the second quarter in a row — and warned the trend is likely to continue.

J.P. Morgan downgraded the stock Friday and halved its price target citing a challenging competitive landscape.

“We believe that Instagram is much more penetrated in these demographics, and it will be challenging for Snap to pull users away from Instagram,” analysts at the firm wrote in a note. “We believe that Facebook and Instagram, with a much larger user and advertiser base will continue to attract incremental ad dollars in the social media space, making it difficult for Snap to gain meaningful market share.”

Friday’s plunge marks Snap’s worst day since May, when it tanked 22 percent, and puts the stock on pace for its 16th straight week of declines.

Disclosure: CNBC parent NBCUniversal is an investor in Snap .


Company: cnbc, Activity: cnbc, Date: 2018-10-26  Authors: sara salinas
Keywords: news, cnbc, companies, sinks, snap, trading, heels, instagram, stock, users, challenging, earnings, believe, wrote, mixed, report, share, snaps


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IEA report: Iran sanctions could make maintaining the world’s oil supply ‘very challenging,’ IEA says

A U.S. plan to impose targeted crude sanctions against Iran could significantly impact global supply and exhaust the world’s spare oil capacity cushion, according to the latest monthly report from the International Energy Agency (IEA). The IEA’s closely watched report comes shortly after the re-introduction of U.S. sanctions against Iran, which from November will also include oil exports. “As oil sanctions against Iran take effect, perhaps in combination with production problems elsewhere, maint


A U.S. plan to impose targeted crude sanctions against Iran could significantly impact global supply and exhaust the world’s spare oil capacity cushion, according to the latest monthly report from the International Energy Agency (IEA). The IEA’s closely watched report comes shortly after the re-introduction of U.S. sanctions against Iran, which from November will also include oil exports. “As oil sanctions against Iran take effect, perhaps in combination with production problems elsewhere, maint
IEA report: Iran sanctions could make maintaining the world’s oil supply ‘very challenging,’ IEA says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-08-10  Authors: sam meredith, fatemeh bahrami, anadolu agency, getty images, samuel corum
Keywords: news, cnbc, companies, maintaining, spare, report, challenging, global, oil, crude, supply, iran, iea, cushion, worlds, sanctions


IEA report: Iran sanctions could make maintaining the world's oil supply 'very challenging,' IEA says

A U.S. plan to impose targeted crude sanctions against Iran could significantly impact global supply and exhaust the world’s spare oil capacity cushion, according to the latest monthly report from the International Energy Agency (IEA).

The IEA’s closely watched report comes shortly after the re-introduction of U.S. sanctions against Iran, which from November will also include oil exports.

“As oil sanctions against Iran take effect, perhaps in combination with production problems elsewhere, maintaining global supply might be very challenging and would come at the expense of maintaining an adequate spare capacity cushion,” the Paris-based organization said Friday.

“Thus, the market outlook could be far less calm at that point than it is today,” the IEA added.

International benchmark Brent crude traded at around $71.43 on Friday morning, down around 0.9 percent, while U.S. West Texas Intermediate (WTI) stood at $66.40, off more than 0.6 percent.


Company: cnbc, Activity: cnbc, Date: 2018-08-10  Authors: sam meredith, fatemeh bahrami, anadolu agency, getty images, samuel corum
Keywords: news, cnbc, companies, maintaining, spare, report, challenging, global, oil, crude, supply, iran, iea, cushion, worlds, sanctions


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New Airbus chief says it will be challenging to meet delivery goals, memo shows

Airbus faces an unprecedented challenge in ramping up production to meet 2018 delivery targets following engine delays and must eventually overhaul an outdated manufacturing system, the planemaker’s new president told staff on Friday. “We have a battle plan in place for this year and the engine manufacturers are working hard to meet their commitments. Still, we know it will be challenging,” Airbus Commercial Aircraft President Guillaume Faury said in an interview for internal circulation, contai


Airbus faces an unprecedented challenge in ramping up production to meet 2018 delivery targets following engine delays and must eventually overhaul an outdated manufacturing system, the planemaker’s new president told staff on Friday. “We have a battle plan in place for this year and the engine manufacturers are working hard to meet their commitments. Still, we know it will be challenging,” Airbus Commercial Aircraft President Guillaume Faury said in an interview for internal circulation, contai
New Airbus chief says it will be challenging to meet delivery goals, memo shows Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-05-31
Keywords: news, cnbc, companies, production, goals, memo, airbus, challenging, staff, system, engine, meet, aircraft, shows, delivery, chief, president, overhaul, working


New Airbus chief says it will be challenging to meet delivery goals, memo shows

Airbus faces an unprecedented challenge in ramping up production to meet 2018 delivery targets following engine delays and must eventually overhaul an outdated manufacturing system, the planemaker’s new president told staff on Friday.

“We have a battle plan in place for this year and the engine manufacturers are working hard to meet their commitments. Still, we know it will be challenging,” Airbus Commercial Aircraft President Guillaume Faury said in an interview for internal circulation, contained in a staff memo seen by Reuters.

“Delivering 80 to 90 aircraft every month in the second half of the year has never been done before. In the long term we must overhaul a single-aisle production system that belongs to a bygone age when high-rate production of aircraft wasn’t needed.”


Company: cnbc, Activity: cnbc, Date: 2018-05-31
Keywords: news, cnbc, companies, production, goals, memo, airbus, challenging, staff, system, engine, meet, aircraft, shows, delivery, chief, president, overhaul, working


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HPE shares fall after CEO told investors to expect a ‘challenging second half’

Shares of Hewlett Packard Enterprise plunged more than 10 percent on Wednesday, after CEO Antonio Neri prepared investors for a more “challenging second half” of the year, overshadowing the company’s better-than-expected earnings report. HPE beat revenue and profit estimates for the fiscal second quarter. Within that segment, the compute business ended the quarter with $3.21 billion in revenue, just shy of estimates, according to FactSet. During the quarter, HPE bought Cape Networks, and venture


Shares of Hewlett Packard Enterprise plunged more than 10 percent on Wednesday, after CEO Antonio Neri prepared investors for a more “challenging second half” of the year, overshadowing the company’s better-than-expected earnings report. HPE beat revenue and profit estimates for the fiscal second quarter. Within that segment, the compute business ended the quarter with $3.21 billion in revenue, just shy of estimates, according to FactSet. During the quarter, HPE bought Cape Networks, and venture
HPE shares fall after CEO told investors to expect a ‘challenging second half’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-05-23  Authors: jordan novet, bloomberg, getty images
Keywords: news, cnbc, companies, cents, told, half, second, challenging, ceo, billion, revenue, companys, fiscal, expect, fall, analysts, shares, earnings, hpe, investors, quarter


HPE shares fall after CEO told investors to expect a 'challenging second half'

Shares of Hewlett Packard Enterprise plunged more than 10 percent on Wednesday, after CEO Antonio Neri prepared investors for a more “challenging second half” of the year, overshadowing the company’s better-than-expected earnings report.

Neri was hardly downbeat in offering up his forecast, which met analysts’ expectations.

“We expect the growth rate to moderate,” he said, citing tough comparisons to last year’s numbers. “While we see a more challenging second half, we have got great momentum, and I’m confident that we will deliver on our annual fiscal year 2018 outlook.”

After the report, analysts at Morgan Stanley even raised their price target on the stock to $21 from $20.

Still, the stock sank $1.77, or 10 percent, to $15.64 as of mid-day on Wednesday. The shares are now up 8.2 percent for the year.

HPE beat revenue and profit estimates for the fiscal second quarter. HPE said in a statement that it generated earnings per share of 34 cents, excluding certain items, topping the 31-cent average analyst estimate, according to Thomson Reuters. Sales rose 10 percent to $7.5 billion, exceeding the $7.4 billion average estimate.

The company’s biggest business segment, hybrid IT, grew 6.8 percent to $6 billion in revenue. Within that segment, the compute business ended the quarter with $3.21 billion in revenue, just shy of estimates, according to FactSet.

HPE said it it’s expecting earnings per share of 35 to 39 cents in the fiscal third quarter, excluding certain items, and between $1.40 and 1.50 for the full fiscal year. Analysts expected 36 cents for the third quarter and $1.41 for the year, according to Thomson Reuters.

During the quarter, HPE bought Cape Networks, and venture capitalist Marc Andreessen left the company’s board. HPE recorded a $140 million tax expense in the quarter as a result of recently enacted U.S. tax reform.


Company: cnbc, Activity: cnbc, Date: 2018-05-23  Authors: jordan novet, bloomberg, getty images
Keywords: news, cnbc, companies, cents, told, half, second, challenging, ceo, billion, revenue, companys, fiscal, expect, fall, analysts, shares, earnings, hpe, investors, quarter


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It will be challenging for US and China to reach an agreement at trade talks, says strategist

‘It’s going to be challenging’ for NAFTA talks, says strategist 11 Hours Ago | 02:28It will be very challenging for the U.S. and China to come to an agreement about trade this week, in part because the Trump administration has been “unclear in what it really wants,” a strategist said on Friday. However, those would be challenging for China to make concessions on as it deems them to be “core interests” that it will not give up for a quick trade deal with Washington, Celico told CNBC’s “The Rundow


‘It’s going to be challenging’ for NAFTA talks, says strategist 11 Hours Ago | 02:28It will be very challenging for the U.S. and China to come to an agreement about trade this week, in part because the Trump administration has been “unclear in what it really wants,” a strategist said on Friday. However, those would be challenging for China to make concessions on as it deems them to be “core interests” that it will not give up for a quick trade deal with Washington, Celico told CNBC’s “The Rundow
It will be challenging for US and China to reach an agreement at trade talks, says strategist Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-05-17  Authors: huileng tan
Keywords: news, cnbc, companies, white, reach, washington, chinese, president, agreement, celico, china, talks, trade, trump, united, challenging, strategist


It will be challenging for US and China to reach an agreement at trade talks, says strategist

‘It’s going to be challenging’ for NAFTA talks, says strategist 11 Hours Ago | 02:28

It will be very challenging for the U.S. and China to come to an agreement about trade this week, in part because the Trump administration has been “unclear in what it really wants,” a strategist said on Friday.

“On the one hand, the President remains very focused on the size of the bilateral trade deficit, and reportedly the Chinese has come to Washington with a package of about $200 billion worth of purchases that would certainly remedy a large portion of that deficit,” said Amy Celico, principal at the Albright Stonebridge Group, a global strategy and business advisory firm.

But on the other hand, the U.S. administration and Congress want China to change some of its behavior on unfair trade practices, and seek to put an end to subsidies for advanced technology industries and forced technology transfers.

However, those would be challenging for China to make concessions on as it deems them to be “core interests” that it will not give up for a quick trade deal with Washington, Celico told CNBC’s “The Rundown.”

Celico’s comments follow President Donald Trump’s meeting with the leader of the Chinese trade delegation, Vice Premier Liu He on Thursday, as the two economic powerhouses kick off a second round of negotiations.

The White House described the meetings as part of “ongoing trade discussions” and said: “The United States officials conveyed the President’s clear goal for a fair trading relationship with China.”

Earlier on Thursday, Trump criticized China and other trading partners as being “very spoiled” on trade with the U.S., but said he was aiming for an overall deal with Beijing.

Speaking to reporters at the White House, Trump said China had “ripped off” the United States for too long and that he told Chinese President Xi Jinping that “we just can’t do that anymore.”

Trump was “trying to act a bit tougher after he seemed to be making quite a significant concession to the Chinese in renegotiating the remedy for ZTE’s non-compliance with the package that was put in place after it was found to have broken American sanctions laws,” said Celico, on the president’s comments.

— Reuters contributed to this story.


Company: cnbc, Activity: cnbc, Date: 2018-05-17  Authors: huileng tan
Keywords: news, cnbc, companies, white, reach, washington, chinese, president, agreement, celico, china, talks, trade, trump, united, challenging, strategist


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