The credit card issuer, American Express reported earnings that topped analysts’ expectations, sending shares higher in extended trading on Wednesday. The company posted adjusted earnings of $1.20 per share and revenue of $7.77 billion. According to a consensus estimate from Thomson Reuters, analysts expected earnings of 97 cents per share and the same amount of revenue, which the company reported. Third-quarter net income was $401 million, compared to a $542 million during the same period last year.
The third-most-valuable company in Japan we all love – Nintendo, announced a preview of its new NX video gaming system is going to go up soon. A tweet from the company revealed that the trailer of the VGS will be available today, October 20 at 3 p.m. GMT.
The release of a Trump’s lewd tape, in which he bragged about assaulting women in 2005, swung the presidential debate’s outcome. The majority of viewers chose Clinton over Trump, while Donald somehow managed to exceed the expectations of pundits. After the contest ended, the Mexican peso gained 2 percent and went ahead of the head-to-head 1.3 percent stronger.
Honeywell International lowered its sales and profit forecast range for this year, partly due to fewer general aviation shipments and business jet in its aerospace division. The aero parts supplier shared expected earnings of $6.60-$6.64 per share, lowering the upper end with 6 cents. Its core organic sales are expected to be down 1-2 percent, compared with 1 percent last year. Company’s recorded tax benefits for the first and second quarter were 3 and 4 cents.
Money makes the world go round (or count was it?), they say.
Whether it’s a bill, a coin in your pocket or the virtual money in your bank account, we shall admit the big importance that money have gained through the decades. Starting with barter deals centuries ago, money has become the most generally accepted method for payments and satisfying human needs nowadays. Also, they are a great tool to store value, if you want to buy that expensive car you raved about last month.
Have you ever wondered why some of the coins have grooves? Or what is the largest denomination of the dollar ($) bill ever printed? Or why there are no “living” faces on the coins?
Continue to read, if you want to find out the answers.
Theresa May outlined her plans for post-Brexit negotiations in a speech – she confirmed that the administration would refuse to prioritise the U.K. financial sector. She also said that the U.K. would trigger the formal process of leaving the EU by the end of March next year. The pound didn’t take a while and dropped to a 30-year low to $1.2753.
Monsanto reported an unexpected adjusted profit. The company agreed to a sugar-coated $128-per-share offer from Bayer. However, net sales in the company’s corn seeds and traits business jumped 34 percent in last three months. Its expenses also dropped, by nearly 10 percent, as cost-cutting measures paid off. The company expects 2017 earnings per share of $3.83 to $4.35, including costs related to the Bayer transaction. EPS was expected between $4.50 and $4.90 a share, assuming stable currencies. They earned 7 cents per share by excluding items. Analysts had expected a loss of 3 cents per share on that basis, according to Thomson Reuters I/B/E/S. Net sales of the company, known for its genetically engineered corn, soybean and the Roundup herbicide, rose 8.8 percent to $2.56 billion, beating the average estimate of $2.36 billion.