Next Week’s Earnings Report Preview (May 29 – June 4, 2017)

Man reading | DF MarketsCostco reported earnings that topped analysts’ expectations. The second biggest US retailer’s earnings were $1.40 per share in the quarter, while analysts surveyed by Zacks Investment Research predicted $1.31 per share. Net income came at $700 million, or $1.59 per share, up from $545 million, or $1.24 per share, in the same period last year. Revenue also rose 7.8 percent to $28.86 billion, above the $28.65 billion estimate from Zacks’ analysts. Shares of the company rose after the release.

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Weekly Overview (May 22 – 28, 2017): Chinese industrial production rises less than expected

China | DF Markets

Chinese industrial production rose 6.5% in April, the National Bureau of Statistics reported. The result was down compared to last month’s high of 7.6%. Retail sales climbed 10.7%, lower than the 10.9% growth in March.  Annual urban fixed-asset investment increased 8.9% in the period between January and April. Analysts had expected industrial production to rise 7%, retail sales to increase 10.8% and fixed-asset investment to grow 9.1%.

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Next Week’s Earnings Report Preview (May 22 – 28, 2017)

Man reading | DF Markets

This week’s announcements

Alibaba reported Q4 revenue that topped analysts’ expectations, helped by the strength in Chinese e-commerce. Total revenue rose to 38.58 billion yuan ($5.60 billion) in the quarter, above the Thomson Reuters estimate of 36 billion yuan. Net income also rose to 10.65 billion yuan from 5.37 billion yuan for the same period a year earlier. Revenue was up 47 percent to 31.57 billion yuan, above the previous quarter’s rise of 45 percent.

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Next Week’s Earnings Report Preview (May 15 – 21, 2017)

Man reading | DF Markets

This week’s announcements

Nordstrom reported earnings of 43 cents per share on revenue of $3.35 billion, both above analysts’ expectations. Analysts from Thomson Reuters were expecting the company to post earnings of 27 cents per share on revenue of $3.34 billion. According to FactSet, total same-store sales fell 0.8 percent versus the estimate for a 0.1 percent drop. Nordstrom’s stock fell after-hours, following a tough day for the entire retail sector.

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