Apple captured 18 percent of the global market in the last quarter of 2016, surpassing Samsung and coming back on top as the world’s number one smartphone seller, according to Strategy Analytics.
Category Archives: Market news
Google parent Alphabet reported quarterly earnings that missed forecasts, but revenue topped analysts’ expectations. The company reported earnings of $9.36 per share, whereas the average estimate of analysts was $9.65. Revenue of Alphabet was $26.06 billion, with the performance being led by YouTube and mobile search, CFO Ruth Porat said. The consensus estimate from Thomson Reuters was $25.26 billion.
Tuesday January 31, 2017
JPY – Monetary Policy Statement – Tentative
It’s among the primary tools the BOJ uses to communicate with investors about monetary policy. It contains the outcome of their decision on asset purchases and commentary about the economic conditions that influenced their decision. Most importantly, it projects the economic outlook and offers clues on the outcome of future votes.
Cisco agreed to buy software company AppDynamics for $3.7 billion, making this one of its largest deals recently. The American multinational technology conglomerate snapped a deal one day before AppDynamics’ IPO, where shares were scheduled to be sold to the public at a valuation of less than $2 billion.
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.
Tuesday January 24, 2017
GBP – EU Membership Court Ruling – 9:30am GMT
The United Kingdom’s High Court is due to announce a ruling regarding the government’s ability to bypass parliament and initiate the Brexit by triggering Article 50 of Lisbon Treaty, at the Royal Courts of Justice, in London.
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.
Tuesday January 17, 2017
GBP – CPI y/y – 9:30am GMT
The CPI y/y measures the change in the price of goods and services purchased by consumers. Last month’s value was 1.2%, above the forecast of 1.1%.