Amidst the ongoing Q4 FY24 earnings season, Goldman Sachs analysts have conducted a thorough recalibration of their projections for the Indian pharmaceutical sector. This recalibration takes into account a wide spectrum of variables, ranging from monthly sales data to currency fluctuations. One of the key observations made by the analysts is that the sector is
Earnings
After fears of a wider Middle East conflict eased, Asian stocks began to recover some of the losses that were seen recently. This recovery was driven by investors gravitating back towards riskier assets as the potential for a major supply disruption in the region waned. The news of the Israeli strike and Iran’s decision not
Despite the lack of wide releases on a global scale in recent months, Warner Bros/Legendary Entertainment’s Godzilla x Kong: The New Empire has maintained its position as the top studio movie for the fourth consecutive weekend. With a strong showing in international markets, the film has grossed $485.2M globally, with $313.6M coming from overseas. This
Maximize your real estate earnings without owning property. Discover innovative ways to make money in the booming market at BackersHub.com.
Artificial intelligence has revolutionized the investment landscape with the introduction of innovative technologies like ChatGPT in November 2022. This groundbreaking development has attracted significant interest from investors seeking the next big opportunities in AI. In 2023, a group of major tech players known as the Magnificent Seven – including Tesla, Amazon, Meta Platforms, Apple, Microsoft,
Netflix has announced a major change in its financial reporting strategy, stating that it will no longer provide quarterly membership numbers or average revenue per user starting next year. This decision comes as the company reported earnings that exceeded expectations on both the top and bottom lines. While total memberships rose by 16% in the
Taiwan Semiconductor Manufacturing’s U.S.-traded shares experienced a 2.4% decline despite surpassing revenue and profit expectations in the first quarter. The company reported minimal structural damage from an earthquake in Taiwan earlier in April, although there were some wafers that had to be discarded. However, the management assured that most of the lost production would be
Former chair of the U.S. Federal Deposit Insurance Corp, Sheila Bair, has expressed her concerns regarding the quarterly earnings of regional banks and the vulnerabilities that may be exposed. Bair highlighted that some regional banks are still heavily reliant on industry deposits, have significant exposure to commercial real estate, and face potential instability with uninsured
As spring break approaches, the weekend box office is set to offer a mixed bag of releases. 20th Century Studios’ highly anticipated “Kingdom of the Planet of the Apes” is expected to make a splash with a $50 million-plus opening in May. Meanwhile, A24’s “Civil War” is currently holding the top spot with $27 million
The U.S. stock market experienced slight gains in volatile trading on Tuesday, with the Dow Jones Industrial Average up by 126 points, the S&P 500 increasing by 0.1%, and the NASDAQ Composite rising by 0.2%. Despite these gains, investors are cautiously weighing Federal Reserve Chairman Jerome Powell’s remarks signaling a need for higher rates for
UnitedHealth saw a significant increase in its stock price, rising by approximately 7% after exceeding revenue expectations in its first-quarter results. This healthcare giant reported a growth of nearly 9% in revenue, reaching $99.8 billion for the quarter. Despite analysts predicting lower earnings per share, UnitedHealth reported an adjusted $6.91 per share, surpassing expectations. Morgan
The electric vehicle maker Tesla, known for its innovative technology and forward-thinking approach, faced a setback as shares fell 2.8% following an internal memo announcing plans to lay off more than 10% of its global workforce. While CEO Elon Musk emphasized the importance of cost reductions and increasing productivity in preparing the company for future
The stock of Goldman Sachs saw a significant increase of 3.3% in premarket trading after the company surpassed Wall Street’s expectations for first-quarter earnings. This positive performance was mainly driven by gains in its trading and investment banking divisions. Analysts had projected earnings of $8.56 per share on revenue of $12.92 billion, but the actual
Most Asian stocks experienced a sharp decline on Monday, driven by a combination of factors including an Iranian attack on Israel and concerns over higher U.S. interest rates. Despite Chinese stocks showing resilience and rebounding from a one-month low, the overall sentiment in regional markets was negative. Japan’s Nikkei 225 was among the worst performers