Nintendo has announced a significant increase in its first-half net profit, leading the company to raise its fiscal-year earnings forecasts. The rise in profit can be attributed to the success of a Super Mario film, as well as stronger sales of the Switch console and software. Impressive Financial Results For the six months ended September 30, Nintendo's net profit rose by 18% … [Read more...] about Nintendo Reports Rise in Profits
Forex News
Rivian’s Quarterly Earnings Update
Rivian Automotive Inc. is scheduled to announce its quarterly earnings on Tuesday after the bell. This update comes after the company's controversial decision to offer $1.5 billion worth of convertible debt, which received backlash from investors. Additionally, Rivian will soon face competition from Tesla Inc., which plans to release its electric pickup truck, the Cybertruck, … [Read more...] about Rivian’s Quarterly Earnings Update
Air Products & Chemicals Inc. Reports Q4 Profit Above Expectations
Air Products & Chemicals Inc. (APD) announced its fiscal fourth-quarter results on Tuesday, with net income rising to $692.6 million, or $3.11 per share, compared to $583.1 million, or $2.62 per share, in the same period last year. The adjusted earnings per share of $3.15 surpassed the FactSet consensus of $3.11. Revenue Falls Below Expectations However, the company's … [Read more...] about Air Products & Chemicals Inc. Reports Q4 Profit Above Expectations
Strong Q3 Sales Growth Expected for Arezzo Industria e Comercio
Shares of Brazilian footwear and accessories maker Arezzo Industria e Comercio rose by 3.2% following a positive report from Citi Research analysts. The analysts predict that the company will experience strong sales growth in the third quarter. The shares are currently valued at 60.04 reais ($12.33), which represents a decrease of 26% compared to the end of last year. In … [Read more...] about Strong Q3 Sales Growth Expected for Arezzo Industria e Comercio
Bank of America Stock Upgrade
Bank of America Corp. (BAC) has received an upgrade from Keefe, Bruyette & Woods, moving up from underperform to market perform. This upgrade comes after the recent shift in the market and the drop in 10-year Treasury yields, which have had an impact on bank stocks. According to KBW analyst David Konrad, the recent stock market rally and the decrease in 10-year Treasury … [Read more...] about Bank of America Stock Upgrade
