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IBES data

Chipmaker Infineon raises 2022 revenue outlook after results beat

STOCKHOLM: Infineon, the leading supplier of microchips to the auto industry, reported on Monday a 22% rise in...

Published 09 May, 2022 11:55am

Technology

Hybrid work demand fuels Salesforce earnings forecast

The business software maker's revenue has gone from strength to strength over the past year

Published 26 Aug, 2021 11:37am

Business & Finance

Walmart beats US sales estimates on back-to-school demand, raises forecast

Sales at US stores open at least a year rose 5.2%, excluding fuel, in the second quarter. Analysts had estimated a growth of 3.69%

Published 17 Aug, 2021 04:09pm

Markets

Wall Street week ahead: Blow-out US earnings suggest market has room to run

NEW YORK: US companies are leaping above expectations on first-quarter earnings, giving investors stronger...

Published 03 May, 2021 04:39am

Business & Finance

Mastercard profit falls nearly 6pc on cross-border spending slump

Net income, excluding exceptional items, fell to $1.7 billion, or $1.74 per share, from $1.8 billion, or $1.83 per share, a year earlier. *Over the past year, major card companies and payment processors have been hit by a near collapse in travel demand and spending on non-essentials during the COVID-19 pandemic.

Published 29 Apr, 2021 06:05pm

Business & Finance

Insurer UnitedHealth raises 2021 profit view after upbeat quarter

Revenue from the company's main growth driver, Optum unit, which manages drug benefits and offers healthcare data analytics services, rose 10% to $36.4 billion.
The company reported adjusted earnings of $5.31 per share, beating estimates of $4.38 per share, according to IBES data from Refinitiv.

Published 15 Apr, 2021 04:11pm

Markets

Wall Street week ahead: With stocks at record highs, investors look to upcoming earnings

NEW YORK: Wall Street is kicking off a crucial reporting season as US companies provide quarterly results a year...

Published 12 Apr, 2021 03:59am

Business & Finance

Macy's forecasts upbeat 2021 sales

The company expects sales between $19.75 billion and $20.75 billion for the full year, compared with analysts' estimates of $20.13 billion.
Same-store sales on an owned basis fell 17% in the fourth quarter ended Jan. 30, compared with Wall Street estimates of a 16.60% fall.

Published 23 Feb, 2021 05:20pm

Business & Finance

Walmart rides soaring holiday demand to beat same-store sales estimates

Walmart, which employs 1.5 million people in the United States, also said it was raising wages for its workers in the country to more than $15 per hour on average.
Online sales rose 69% in the quarter, blowing past a 35% increase in the year-earlier period, but slower than a 79% surge in the third quarter.

Published 18 Feb, 2021 07:17pm

Business & Finance

Ralph Lauren sees revenue below estimates as lockdowns bite

"Our current outlook could be negatively impacted if government-mandated lockdowns or restrictions are extended," the company said.
The company has already announced plans to cut 15% of its global workforce by the end of this fiscal year.

Published 04 Feb, 2021 08:02pm

Business & Finance

Hershey forecasts 2021 outlook above estimates as holiday sales boost Q4

The chocolatier projects 2021 net sales to grow by 2% to 4%, compared with analysts' average estimate of a 2.94% rise.
It also expects full-year earnings per share to grow by 6% to 8%, while analysts on average expect a rise of 5.73%.

Published 04 Feb, 2021 05:32pm

Technology

Facebook investors, shrugging off election woes, look for 'social commerce' payday

The world's biggest social media company is poised to reap a windfall from that gambit.
Wall Street expects the company to report fourth-quarter sales up 25% to $26.4 billion.

Updated 27 Jan, 2021 11:23pm

Business & Finance

Johnson & Johnson promises 2021 profit jump, vaccine data ‘soon’

Separately, J&J chief financial officer told CNBC that the company was expecting data sometime next week and was optimistic that it would be robust.
The company's fourth-quarter profit fell 56.7% to $1.74 billion after recording litigation expenses of $2.9 billion in the fourth quarter.

Published 26 Jan, 2021 07:53pm

Business & Finance

Lockheed Martin misses profit estimates on lower F-35 deliveries

Shares of the company fell 1.2% in premarket trading, after the company said fourth-quarter deliveries of its F-35 jets fell 17.6% from 51 jets a year earlier.
Lockheed forecast full-year earnings for 2021 to be in the range of $26.00 to $26.30 per share, above analysts' average expectation of $26.13 per share.

Published 26 Jan, 2021 07:02pm

Business & Finance

Raytheon posts better-than-expected profit and sales, shares jump

Shares of the company rose 2.7% in premarket trading after the company said its free cash flow could almost double to $4.5 billion in 2021.
The company provided a full-year revenue outlook of about $63.4 billion to $65.4 billion which was below analysts' estimate of revenue of about $67.28 billion.

Published 26 Jan, 2021 06:35pm

Business & Finance

3M profit rises after boost from healthcare

3M's healthcare unit - its third-largest business - has been the best performer among its four divisions.
3M said its full-year total sales would grow in the range of 5% to 8%.

Published 26 Jan, 2021 05:06pm

Business & Finance

Reliance profit jumps as costs fall; revenue slides 21pc on oil hit

Reliance said on Friday its consolidated profit rose to 131.01 billion rupees ($1.79 billion) in the quarter ended Dec. 31 from 116.40 billion rupees a year earlier.
Analysts on average had expected a profit of 110.09 billion rupees, according to IBES data from Refinitiv.

Updated 22 Jan, 2021 08:02pm

Technology

Pandemic-driven cleaning routines boost P&G sales forecast again

The company's shares rose 2% before the opening bell.
P&G said it expects full-year sales to rise 5% to 6%, compared with a prior forecast of a 3% to 4% increase.

Published 20 Jan, 2021 06:01pm

Business & Finance

Goldman Sachs profit surges on M&A, trading boost

The bank's net earnings applicable to common shareholders rose to $4.36 billion in the quarter ended Dec. 31 from $1.72 billion a year ago.
Earnings per share rose to $12.08 from $4.69 a year earlier.

Published 19 Jan, 2021 05:36pm

Technology

Tech's reign over US stock market to be tested in 2021

Even some strategists who like other stocks aren't straying far from tech. BMO Capital Markets cut tech to "market weight" for 2021 but urged investors to maintain positions rather than sell.

Published 28 Dec, 2020 11:40am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 31	279.03
USD PKR Interbank Buying / Jan 31	278.88
USD to Japanese Yen / Jan 31	155.19
USD to Swiss Franc / Jan 31	0.91
Pound Sterling to USD / Jan 31	1.24
Euro to USD / Jan 31	1.04

Stock	Volume
Hang Seng / Jan 30	20,225.11
S&P 500 / Jan 31	6,040.53
India Sensex / Jan 31	77,500.57
Tokyo Nikkei / Jan 31	39,572.49
Nasdaq / Jan 31	19,627.44
FTSE 100 / Jan 31	8,673.96
Dow Jones / Jan 31	44,544.66
Germany DAX 30 / Jan 31	21,732.05

Item	Value
Crude Oil USD/Barrel / Jan 31	72.53
Karachi Cotton PKR/37.32 KG / Jan 31	18,285
Gold 10 Grams PKR / Jan 31	250,171
Gold Spot USD/Ounce / Jan 31	2,798.41
Cotton US¢/pound / Jan 31	65.88
Petrol/Litre / Feb 2	256.13

Gainers
Losers
Leaders

Stock	Price
Kohinoor Ind. / Jan 31 Kohinoor Industries Limited(KOIL)	10.21 ▲ 1 (10.86%)
IGI Life Ins / Jan 31 IGI Life Insurance Limited(IGIL)	15.13 ▲ 1.38 (10.04%)
Sana Ind / Jan 31 Sana Industries Limited(SNAI)	28.77 ▲ 2.62 (10.02%)
Tariq Corporation / Jan 31 Tariq Corporation Limited(TCORP)	16.91 ▲ 1.54 (10.02%)
I.C.C. Ind. / Jan 31 ICC Industries Limited(ICCI)	15.72 ▲ 1.43 (10.01%)
Redco Textile / Jan 31 Redco Textiles Limited(REDCO)	24.17 ▲ 2.2 (10.01%)
Leather Up Ltd. / Jan 31 Leather Up Limited(LEUL)	53.74 ▲ 4.89 (10.01%)
Pak Leather / Jan 31 Pak Leather Crafts Limited(PAKL)	32.63 ▲ 2.97 (10.01%)
Dandot Cement / Jan 31 Dandot Cement Company Limited(DNCC)	16.48 ▲ 1.5 (10.01%)

Stock	Price
Blue-Ex Ltd / Jan 31 Blue-Ex Limited (GEM)(GEMBLUEX)	54.86 ▼ -6.1 (-10.01%)
D.M. Textile / Jan 31 D.M. Textile Mills Limited(DMTX)	63 ▼ -7 (-10%)
First Imrooz Mod. / Jan 31 First Imrooz Modaraba(FIMM)	189 ▼ -21 (-10%)
Power Cem(Pref) / Jan 31 Power Cement (Pref)(POWERPS)	10.41 ▼ -1.15 (-9.95%)
National Silk / Jan 31 The National Silk & Rayon Mills Limited(NSRM)	40.84 ▼ -4.51 (-9.94%)
Sec. Inv. Bank / Jan 31 Security Investment Bank Limited(SIBL)	7.83 ▼ -0.76 (-8.85%)
Shahtaj Sugar / Jan 31 Shahtaj Sugar Mills Limited(SHJS)	109.56 ▼ -10.44 (-8.7%)
Kohinoor Mills / Jan 31 Kohinoor Mills Limited(KML)	31.05 ▼ -2.9 (-8.54%)
F.Credit & Inv / Jan 31 First Credit and Investment Bank Limited(FCIBL)	7.28 ▼ -0.66 (-8.31%)

Stock	Volume
Cnergyico PK / Jan 31 Cnergyico PK Limited(CNERGY)	66,672,997 ▲ 0.14
Sui South Gas / Jan 31 Sui Southern Gas Company Limited(SSGC)	48,364,956 ▼ -1.33
WorldCall Telecom / Jan 31 Worldcall Telecom Limited(WTL)	36,344,486 ▼ -0.06
Waves Home Appliances / Jan 31 Waves Home Appliances Limited(WAVESAPP)	33,226,540 ▼ -0.77
Bank Makramah / Jan 31 Bank Makramah Limited(BML)	31,509,642 ▲ 0.04
B.O.Punjab / Jan 31 The Bank of Punjab(BOP)	17,873,860 ▲ 0.2
K-Electric Ltd. / Jan 31 K-Electric Limited(KEL)	16,969,744 ▼ -0.07
Pak Refinery / Jan 31 Pakistan Refinery Limited(PRL)	16,492,313 ▼ -0.57
Treet Battery / Jan 31 Treet Battery Limited(TBL)	15,390,342 ▲ 1.07

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