EUR/USD 1.16219
0.009%
Gold 4540.03
-0.124%
Oil 102.684
1.689%
USD/JPY 158.965
0.125%
GBP/USD 1.33138
-0.032%
GBP/JPY 211.649
0.095%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On May 18th, according to the Financial Times, Bank of England Deputy Governor Brident stated that the central bank should remain "prudent" and not act "too hastily" on interest rates amid the current double whammy of geopolitical turmoil and the energy crisis. Brident is one of the potential contenders to succeed Bailey as Bank of England governor in two years. During a meeting with business executives in southwest England, she repeatedly conveyed a dovish message on interest rates, expressing sympathy for businesses and households facing rising bond yields and renewed cost-of-living pressures. At the April meeting, Brident, along with a majority of members, voted to keep interest rates at 3.75%. However, the Bank of Englands chief economist, Peale, supported a rate hike. With the energy shock continuing, calls for a rate hike within the nine-member committee are likely to intensify. Brident stated, "We dont need to rush into action. We are now in a good position to observe how the economic situation develops."According to the Financial Times, Bank of England Deputy Governor Brident said the Bank of England should not be too "aggressive" on interest rates.Why did the market focus on "zinc" immediately after the earthquake in Liuzhou, Guangxi? A graphic explains the upstream and downstream distribution of the zinc industry chain, and the complete transmission logic of zinc from mines to end-use applications.According to the Financial Times, Bank of England Deputy Governor Brident warned that political uncertainty will impact businesses.On May 18th, S&P Global Ratings stated in a report that JD.com (09618.HK) may face challenges in maintaining its growth momentum in the coming quarters. The companys core retail business achieved growth in the first quarter, benefiting from an expanding user base and increased shopping frequency, with overall performance exceeding S&Ps expectations. However, S&P analysts believe that JD.coms planned reduction in promotional activities could lead to a slowdown in retail growth, and user growth may also moderate. They added that competition in the food delivery industry may intensify again during the upcoming peak season. S&P stated that JD.com may need to conduct more targeted food delivery promotions to control the resulting losses.

Cisco Systems Rallies Nearly 5.0% on Strong Earnings in After-hours Trade; Dow Futures Barely Budge

Skylar Shaw

Aug 18, 2022 14:50

微信截图_20220818144451.png

Cisco exceeds expectations for top and bottom line earnings growth and offers a positive outlook

Following the release of better than anticipated top and bottom line earnings results for the fourth quarter of the 2021/2022 fiscal year (FY) and an optimistic outlook for earnings growth during the following fiscal year, Cisco System's share price increased during after-market trading hours on Wednesday. CSCO stock was recently trading just under $49.0, up about 5.0% from Wednesday's closing price of $46.66.


In the last quarter of its most recent fiscal year, Cisco posted adjusted non-GAAP profits per share (EPS) of $0.83, which was slightly higher than the $0.82 per share estimate provided by analysts. The technology company's Q4 revenue, however, came in at $13.1 billion, exceeding analyst consensus expectations of $12.73 billion.


We achieved a solid close to our fiscal year owing to our Q4 success, according to Cisco CEO Chuck Robbins. The company's greatest full-year non-GAAP profits per share ever were achieved thanks to "our teams' excellent execution in the middle of a very challenging environment," he said.


In the next fiscal year, Cisco forecasted revenue growth of between 4 and 6 percent and an EPS of $3.49 to $3.56 per share, up from the $3.36 per share recorded in the prior fiscal year. Cisco's forecast for revenue is therefore more upbeat than analysts' expectations, with the analysts' consensus calling for earnings growth of 2.2% in the coming fiscal year.


Dow Futures Ignore Gains in CSCO Shares Futures that track the price of the Dow Jones Industrial Average index, which includes Cisco at a percentage of about 1.0%, were unchanged in after-hours trading near the 34,000 level after falling 0.5% on Wednesday as investors processed data revealing robust core US retail sales growth in July and slightly dovish-leaning Fed minutes from its July meeting.


Despite a 5.0% after-hours gain, CSCO shares are still down nearly 23% for the year, but they are up about 18% from previous yearly lows of around $41 per share. With inflation having risen this year and major central banks like the Fed being compelled to rapidly hike interest rates, the company's share price has been caught up in a larger US equities market collapse.

Suggestion