, with companies beating analysts’ profit expectations at the highest rate in nearly two years even as revenue beats dropped to the lowest since early 2020.
Overall, second-quarter earnings are expected to have fallen 3.8% from a year earlier, Refinitiv IBES data showed. That decline follows a 0.1% rise in the first quarter and a 3.2% drop in the fourth quarter of last year. This year’s valuation expansion accounted for 86% of the S&P 500′s year-to-date return through July, with the rest of the market’s boost coming from positive changes to earnings estimates, an analysis by Credit Suisse equity strategists showed.
Stock reaction to earnings results has also been tepid, with share prices posting weaker responses to both beats and misses than the average over the past five years, analyst Julian Emanuel of Evercore ISI said. The average stock fell 0.6% after results in the second quarter, Emanuel said in a note on Thursday.
Companies reporting results next week include key retailers, such as Walmart and Home Depot, while the release of monthly retail sales on Tuesday also could influence markets.
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Loblaw Companies reports profit of $508 million in second quarter - BNN BloombergLoblaw Companies reported a profit available to common shareholders of $508 million for its second quarter, an increase of 31.3 per cent from the same period last year.
مصدر: BNNBloomberg - 🏆 83. / 50 اقرأ أكثر »
Loblaw Companies reports profit of $508 million in second quarterBRAMPTON, Ont. — Loblaw Companies Ltd. reported a profit available to common shareholders of $508 million for its second quarter, an increase of 31.3 per cent from the same period last year. The parent company of Loblaws and Shoppers Drug Mart reported its profit amounted to $1.58 per diluted share for the quarter ended June 17, an increase from $1.16 per diluted share in the same quarter last year. Revenue for the 12-week period totalled $13.7 billion, up from $12.8 billion a year earlier. Food
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »
Loblaw Companies reports profit of $508 million in second quarterLoblaw Companies Ltd. reported a profit available to common shareholders of $508 million for its second quarter, an increase of 31.3 per cent from the same period last year.
مصدر: CTVCalgary - 🏆 26. / 68 اقرأ أكثر »
Loblaw Companies reports profit of $508 million in second quarterBRAMPTON, Ont. — Large global suppliers are driving costs higher for Loblaw Companies Ltd., the firm said as it released earnings for the second quarter that…
مصدر: calgaryherald - 🏆 64. / 52 اقرأ أكثر »
Loblaw Companies reports profit of $508 million in second quarterBRAMPTON, Ont. — Large global suppliers are driving costs higher for Loblaw Companies Ltd., the firm said as it released earnings for the second quarter that…
مصدر: OttawaCitizen - 🏆 21. / 68 اقرأ أكثر »