DIRS.INFO The most relevant business & tech news

☆ Mexican restaurant operator Alsea sees profit dip due to higher taxes
▼ + stars: | 2023-02-27 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, Feb 27 (Reuters) - Mexican restaurant chain operator Alsea (ALSEA.MX) reported on Monday a 30.7% drop in its fourth-quarter net profit, dipping to 579 million pesos ($29.7 million) compared to gains in the year-ago period, hit by an increase in taxes. Alsea's quarterly revenue grew 14.4% from the year-ago quarter, reaching 19.15 billion pesos, the company said in a filing, and beating Refinitiv's forecast of 18.86 billion pesos. The Mexico City-based company, which operates Starbucks cafes as well as Domino's Pizza and Burger King restaurants among other chains, raked in 3.48 billion pesos in earnings before interest, taxes, depreciation and amortization (EBITDA) in the fourth quarter, down 18.4% from the same three-month period in the previous year. Alsea operates in 11 countries across Latin America and in Europe. ($1 = 19.5089 pesos at end-December)Reporting by Carolina Pulice and Noe Torres; Editing by David Alire GarciaOur Standards: The Thomson Reuters Trust Principles.

Big brands have seen earnings propelled by double-digit price hikes – even if it has had a negative impact on demand elasticity. Only two-thirds (67%) of the companies that have reported have beat earnings estimates, the lowest beat rate in eight years. But workforce reductions aren't the only way for companies to cut costs, or necessarily the best way in a tight labor market. We've seen notable examples across industries of just how important general cost cuts have been this earnings season. Of course, Airbnb was one of the first companies to cut costs when the pandemic hit.

☆ Refinitiv: Walmart still has room to grow and gain market share from high and low end consumers
▼ + stars: | 2023-02-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRefinitiv: Walmart still has room to grow and gain market share from high and low end consumersRefinitiv's Jharonne Martis lays out the earnings expectations for Walmart and Home Depot.

☆ Stocks making the biggest moves midday: Deere, Airbnb, AutoNation, Moderna and more
▼ + stars: | 2023-02-17 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Check out the companies making the biggest moves midday:Deere — Shares rose 7.7% after the company reported earnings-per-share of $6.55 for its fiscal first quarter, topping the $5.57 expected by analysts polled by Refinitiv. Some Wall Street analysts remained cautious on the stock, citing risks including competition and slower-than-expected consumer adoption of alternative accommodations. Still, earnings and revenue missed Wall Street estimates. The sports betting company reported a loss of 53 cents per share on revenue of $855 million. The real estate company reported a 57 cent per share loss on $480 million of revenue.

The trade also provides a way to get Russian oil to market and bring much-needed export earnings to Moscow. "We've been looking at Russian fuel oil since December. China's total fuel oil imports surged to about 1.76 million tonnes in December, highest since September 2021, official customs data showed. Fuel oil imports from blending hubs trend higher"The deep discounts offered are driving the trend as independent refiners are price sensitive. Asia will continue to soak up cheaper Russian (fuel oil) barrels on top of crude," Jamil said.

☆ Bernstein analyst on Intel earnings: 'I don't think I've ever seen anything quite like this before'
▼ + stars: | 2023-01-26 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Intel 's earnings miss and weak guidance is "something special," according to Bernstein senior analyst Stacy Rasgon. The company missed expectations of analysts polled by Refiitiv for both adjusted per-share earnings and revenue in the fourth quarter. The company also offered guidance for first-quarter per-share earnings and revenue that was below Refinitiv's respective consensus estimates. Intel is expecting an adjusted net loss of 15 cents per share on $10.5 billion to $11.5 billion in revenue, compared with Refinitiv's expected 24-cent gain in per-share earnings on $13.93 billion in revenue. "I don't think I've ever seen anything quite like this before.

☆ Consumers are spending money on experiences rather than going to the mall, says Refinitiv's Jharonne Martis
▼ + stars: | 2022-12-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailConsumers are spending money on experiences rather than going to the mall, says Refinitiv's Jharonne MartisJharonne Martis, Refinitiv director of consumer research, joins Brian Sullivan and the 'CNBC Special: Taking Stock 2023' to discuss whether consumer spending will remain strong heading into next year.

☆ Credit Suisse set to raise 3 bln euros from new debt issue
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: +1 min

LONDON, Nov 9 (Reuters) - Credit Suisse (CSGN.S) was on Wednesday set to raise three billion euros from the sale of a bond due in March 2029 by its holding company, Refinitiv's capital markets news service IFR reported. Investor orders for the bond, callable in March 2028, exceeded 7.5 billion euros and it was set to be priced at a spread of 495 basis points over the mid-swap level, IFR said. Credit Suisse was the sole bookrunner for the bond, expected to be rated Baa2/BBB-/BBB by Moody's, S&P and Fitch, IFR said. Last week S&P Global Ratings downgraded Credit Suisse Group's long-term credit rating to one step above junk bond status, citing "material execution risks" in the bank's efforts to get back on solid ground after a series of scandals and losses. Reporting by Dhara Ranasinghe and Yoruk Bahceli; editing by Yoruk Bahceli and Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

☆ U.S. natgas futures jump 7% in volatile week on cold forecasts
▼ + stars: | 2022-11-04 | by ( ) www.reuters.com time to read: +4 min

Freeport LNG submitted a draft Root Cause Failure Analysis to the Department of Transportation's Pipeline and Hazardous Materials Safety Administration (PHMSA) on Nov. 1, according to sources familiar with the filing. Freeport LNG, however, has not yet submitted a request to resume service. Prism Brilliance, Prism Diversity and Prism Courage were waiting off the coast from the plant, and Prism Agility was expected to arrive around Nov. 29. In what has already been an extremely volatile week, front-month gas futures rose 42.5 cents, or 7.1%, to settle at $6.400 per million British thermal units (mmBtu), the highest close since Oct. 14. With the coming of seasonally colder weather, Refinitiv projected average U.S. gas demand, including exports, would rise from 97.6 bcfd this week to 100.1 bcfd next week and 119.0 bcfd in two weeks.

☆ U.S. natgas futures drop 10% on profit-taking, mild forecasts
▼ + stars: | 2022-11-01 | by ( ) www.reuters.com time to read: +4 min

Nov 1 (Reuters) - U.S. natural gas futures dropped about 10% on Tuesday, following a 12% rise on Monday as traders took profits during a period of extreme volatility after the latest forecasts called for the weather to remain mild for the next two weeks. Analysts at energy consulting firm Gelber & Associates said the "early week surge in ... gas futures (saw) signs of exhaustion today as profit-takers pile on." Front-month gas futures fell 64.1 cents, or 10.1%, to settle at $5.714 per million British thermal units (mmBtu). Daily output was on track to drop about 4.5 bcfd to a preliminary five-month low of 95.7 bcfd on Tuesday. Last year, just 29%, or about 2.8 bcfd, of U.S. LNG exports went to Europe.

☆ U.S. natgas futures falls 3% on mild weather forecasts
▼ + stars: | 2022-10-28 | by ( ) www.reuters.com time to read: +3 min

Oct 28 (Reuters) - U.S. natural gas futures fell about 3% on Friday on record output and forecasts for mild weather and low heating demand through mid November, which should allow utilities to inject more gas into storage than usual for at least a few more weeks. The market was still waiting for the return of Freeport LNG's export plant in Texas. On its first day as the front-month, gas futures for December delivery fell 19.1 cents, or 3.3%, to settle at $5.684 per million British thermal units (mmBtu). During the first nine months of 2022, roughly 60%, or 6.3 bcfd, of U.S. LNG exports went to Europe, as shippers diverted cargoes from Asia to fetch higher prices. Last year, just 29%, or about 2.8 bcfd, of U.S. LNG exports went to Europe.

Oct 24 (Reuters) - U.S. natural gas futures jumped about 5% after sliding to a fresh seven-month low earlier in the session on a technical rebound and expectations demand would rise as liquefied natural gas (LNG) exports increase once export plants exit maintenance outages in coming weeks. Some traders expect Freeport will return to service in November while others believe the return will be delayed. Front-month gas futures rose 24.0 cents, or 4.8%, to settle at $5.199 per million British thermal units (mmBtu). During the first nine months of 2022, roughly 60%, or 6.3 bcfd, of U.S. LNG exports went to Europe, as shippers diverted cargoes from Asia to fetch higher prices. Last year, just 29%, or about 2.8 bcfd, of U.S. LNG exports went to Europe.

☆ U.S. natgas falls 4% to 3-mth low on mild weather, global price collapse
▼ + stars: | 2022-10-18 | by ( ) www.reuters.com time to read: +4 min

Oct 18 (Reuters) - U.S. natural gas futures fell about 4% on Tuesday to a three-month low as oil and European gas prices dropped and forecasters called for milder U.S. weather over the next two weeks. U.S. gas prices have been declining for eight weeks as record domestic output and reduced liquefied natural gas (LNG) exports have allowed utilities to inject much more gas than usual into storage. Last year, just 29%, or about 2.8 bcfd, of U.S. LNG exports went to Europe. With milder weather coming, Refinitiv projected average U.S. gas demand, including exports, would fall from 101.0 bcfd this week to 95.9 bcfd next week. U.S. LNG exports, however, could start to rise this week if Cove Point returns to service as some traders expect.

☆ What to watch for this earnings season: Inflation, consumer health, dollar strength, oil prices
▼ + stars: | 2022-10-12 | by ( Paulina Likos | ) www.cnbc.com time to read: +11 min

Inflation Health of the consumer The strong dollar Commodity volatility Inflation Inflation remains top of mind for investors, as rising prices continue to weigh on demand for many goods and services. On the other hand, Bank of America analysts highlighted P & G's scale, innovation, and portfolio strength as "key advantages." In an encouraging research note from UBS last week, analysts said iPhone demand is holding up. By reviewing iPhone delivery wait time data, UBS analysts gauged consumer demand for the latest iPhone series. Meta has already forecasted third quarter total revenue in the range of $26 billion to $28.5 billion, reflecting weak advertising demand.

☆ No reprieve for Asian currencies as Fed's rate hikes continue, EIU says
▼ + stars: | 2022-10-06 | by ( Su-Lin Tan | ) www.cnbc.com time to read: +1 min

Asian currencies will likely continue weakening for another quarter — if not more, as U.S. interest rates rise, the Economist Intelligence Unit said. The EIU said it expects further interest rate hikes by the Federal Reserve in November and December, although "the risk is rising that rate increases will occur at a faster pace than we currently anticipate." The contrast between the Fed's tightening and the monetary easing in some Asian economies, such as Japan and China, means the U.S. dollar would be more buoyant and there will be more downward pressure on Asian currencies. "As the Federal Reserve signals a more hawkish approach to monetary policy to curb inflation, Asian currencies extended their losses against the US dollar in September," the economics group said in an analysis on Thursday. "We expect that the pressure facing Asian currencies will last for another quarter, if not longer."

☆ U.S. natgas jumps 4% on rising demand, renewed rail strike worries
▼ + stars: | 2022-09-21 | by ( ) www.reuters.com time to read: +4 min

REUTERS/Nick OxfordSept 21 (Reuters) - U.S. natural gas futures jumped about 4% to a near one-week high on Wednesday, on forecasts for stronger U.S. gas demand this week than previously expected and renewed worries about a possible U.S. rail strike. A rail strike could boost demand for gas by threatening coal supplies to power plants. Gas prices rose despite expectations gas demand would decline next month when the Cove Point liquefied natural gas (LNG) plant in Maryland shuts for a couple weeks of maintenance in October. Global gas prices have soared due to supply disruptions and sanctions linked to Russia's Feb. 24 invasion of Ukraine. With the coming of cooler autumn weather, Refinitiv projected average U.S. gas demand, including exports, would slip from 92.3 bcfd this week to 89.8 bcfd next week.

read moreThe COVID-19 related suspension of Tesla's Shanghai factory, the costs of ramping up new factories in Berlin and Texas and rising supply chain costs are likely to have weighed on its first-quarter earnings, analysts said. read moreTesla navigated the global supply chain crisis better than other rivals, posting record deliveries and earnings for several quarters. But its factory in Shanghai was shut for more than three weeks, after the city rolled out lockdown measures to combat a surge in COVID-19 cases. Tesla resumed production at its Shanghai plant on Tuesday, according to a news report, but a source said this may not mean a return to full production. Reuters GraphicsMusk delivered Tesla's first Texas-made Model Y vehicles at a glitzy event earlier this month, but no Texas vehicles are listed on Tesla's order website yet.

Search resuls for: "Refinitiv's"

17 mentions found