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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 / Oct 23	277.75
USD PKR Interbank Buying / Oct 23	277.55
USD to Japanese Yen / Oct 23	152.38
USD to Swiss Franc / Oct 23	0.87
Pound Sterling to USD / Oct 23	1.30
Euro to USD / Oct 23	1.08

Stock	Volume
S&P 500 / Oct 22	5,851.20
Nasdaq / Oct 22	18,573.13
Dow Jones / Oct 22	42,924.89
India Sensex / Oct 23	80,422.80
Tokyo Nikkei / Oct 23	38,104.86
Hang Seng / Oct 23	20,716.76
FTSE 100 / Oct 23	8,320.64
Germany DAX 30 / Oct 23	19,433.89

Item	Value
Gold 10 Grams PKR / Oct 22	242,970
Crude Oil USD/Barrel / Oct 23	71.25
Karachi Cotton PKR/37.32 KG / Oct 23	18,085
Gold Spot USD/Ounce / Oct 23	2,748.70
Cotton US¢/pound / Oct 23	72.32
Petrol/Litre / Oct 24	247.03

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Oct 24 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Oct 24 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Oct 24 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 24 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 24 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Oct 24 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Oct 24 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Oct 24 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Oct 24 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Oct 24 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Oct 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Oct 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Oct 24 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Oct 24 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Oct 24 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Oct 24 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Oct 24 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Oct 24 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Oct 24 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Oct 24 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Oct 24 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Oct 24 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Oct 24 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Oct 24 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Oct 24 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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