Next Week’s Earnings Report Preview (January 23 – 29, 2017)

Earnings - DF Markets
Citigroup’s reported earnings topped Wall Street’s expectations, but its revenue missed forecasts. According to the consensus of analysts polled by Reuters, the bank was expected to post Q4 earnings of $1.12 per share on revenue of $17.3 billion but instead posted earnings of $1.14 per share on revenue of $17.012 billion. Revenue for the last quarter rose 5 percent to $2.9 billion from a year earlier. For the full year, revenue didn’t change, compared to results for 2015. Net income fell 4 percent.

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Weekly Overview (January 9 – 15, 2017): Pound and dollar fell, FTSE at a record high

London - DF Markets

Last Monday, the pound fell against all major currencies as UK Prime Minister Theresa May commented over the weekend her fears that the UK will lose access to the European Single Market. The sterling fell 0.9 percent against the dollar, to its lowest level since October. Leaving the European Union will be about “getting the right relationship, not about keeping bits of membership,” May said in a Sky News interview on Sunday. She is expected to speak about Brexit in London this Tuesday.

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Next Week’s Earnings Report Preview (January 16 – 22, 2017)

Earnings - DF Markets

Delta Air Lines reported a decline in net profit in Q4, but matched earnings expectations. The major American airline said net income fell from $980 million to $622 million, on a year-to-year basis. The company met Thomson Reuters earnings expectations at 82 cents earnings per share. Operating revenue fell from $9.50 billion to $9.46 billion, slightly above the analysts’ average estimate of $9.40 billion.

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Instagram’s new place to show ads is Stories

Instagram | DF Markets

Less than 6 months after Instagram released Stories, the company announced it will be letting 30 brands to place ads within the feature in order to boost advertising revenues. Names like Nike, Netflix, Asos and Unilever are expected to take advantage of the ad placement. Companies like Instagram usually test new advertising products with a select group of advertisers before a wider roll out.

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Weekly Overview (January 2 – 8, 2017):UK Manufacturing beats expectations, US еmployment misses forecasts and more

Manufacturing | DF Markets

Kuwait cut oil output by 130,000 barrels per day causing a price hike – a barrel of West Texas Intermediate was trading above $55 on Tuesday morning. The recovering oil prices drove an increase in inflation in the euro area, which accelerated 1.1 percent in December. This was the fastest rise since 2013 and ahead of the median economist estimate of 1 percent. The return of price growth is also likely to shift the policy debate to the European Central Bank.

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Next Week Earnings Report Preview (January 9 – 15, 2017)

Earnings | DF Markets

Despite the Galaxy Note 7 fiasco, Samsung reported earnings that beat analysts expectations.  They anticipated that Samsung’s profits would be bigger than last year’s, mainly because of its semiconductor business, but the results surpassed even the most optimistic forecast. The company’s profits in the last quarter of 2016 surged 50 percent to the highest level in more than three years. Samsung posted 9.2 trillion won ($7.8 billion) in operating profit, compared to 6.1 trillion won a year earlier. On average analysts’ were expecting 8 trillion won. Sales of the company fell 1 percent to 53 trillion won ($44.9 billion).

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