, from price-to-earnings ratio to discounted cash flows and growth metrics, it is even more important to place them in the current macroeconomic landscape.
It is particularly noteworthy that China’s rural retail sales rebounded, at 4.6% vs urban at 2.4% YoY increase. This is all good news for Alibaba's showed impressive 32% YoY growth to $4 billion, alongside Cainia’s 16% and Cloud’s 6% revenue increases. This also showcases the company’s expanding international presence, in particular for cloud-based AI training against the heavyweights like AWS, Microsoft is exposed to future steel demand.
Although Nucor’s net sales decreased 11% YoY to $16.21 billion in Q2 earnings, the company beat the quarter’s earnings per share estimate at 16% surprise. Nucor ended the quarter with $5.43 billion in cash and cash equivalents, which is a solid base to “expand into steel-adjacent downstream markets positions”.
In Q2 financial results, PRA reported 13% increase in cash collections to $473.9 million. The year-over-year net income difference was stark, at $24.9 million vs the net loss of $62.4 million for the six months ending June last year.
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