Economic Updates

JD.com Q3 numbers exceed expectations
November 19, 2021

By Klavs Valters  @klavsvalters JD.com Inc. (JD) announced its third-quarter earnings numbers on Thursday, beating analyst estimates. The Chinese e-commerce company reported revenue of $33.91 billion in the third-quarter (up by 25.5% from the same period last year) vs. forecast of $33.345 billion. Earnings per share at $0.49 a share vs. ...

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Macy’s blows past Wall Street expectations in Q3
November 19, 2021

By Klavs Valters  @klavsvalters Macy’s Inc. (M) posted its third-quarter results on Thursday. The US retailer which consist of three retails brands – Macy’s, Bloomingdale’s and Bluemercury posted better than expected results in previous quarter, sending the stock price higher. The company reported revenue of $5.44 billion in Q3 vs. ...

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NVIDIA beats expectations in Q3
November 19, 2021

By Klavs Valters  @klavsvalters NVIDIA Corp. (NVDA) reported its third-quarter financial results after the closing bell on Wednesday. The US technology company beat Wall Street expectations on both revenue and earnings per share. NVIDIA reported a record revenue of $7.103 billion in the third-quarter (up by 50% year-over-year and 9% up f...

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Preview: Non-Farm Payroll Announcement
November 5, 2021

By Klavs Valters  @klavsvalters It’s the beginning of a new month which means that the Non-Farm Payroll figures will be released this week by the US Bureau of Labor Statistics. The latest US jobs data for October will be released at 12:30 PM London time on Friday. Why is the announcement important? Non-Farm Payroll is one of the most c...

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Apple reports Q3 results
October 29, 2021

By Klavs Valters  @klavsvalters Apple reported their Q3 financial results after the closing bell on Thursday, missing Wall Street analyst expectations. The company reported revenue of $83.36 billion on the third-quarter (up by 29% year-over-year), below analyst forecast of $84.85 billion. Earnings per share at $1.24 a share, in line with th...

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Mastercard Q3 numbers are in
October 29, 2021

By Klavs Valters  @klavsvalters Mastercard reported their financial results for Q3 before the opening bell on Thursday. The company beat Wall Street expectations – let’s take a closer look at the numbers. The financial services company reported net revenue of $5 billion in the third-quarter of 2021, up by 30% year-on-year. Earnings per ...

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I’m lovin’ it – McDonald’s tops Q3 expectations
October 28, 2021

By Klavs Valters  @klavsvalters McDonald’s reported their third-quarter financial results before the opening bell on Wednesday, topping Wall Street analyst expectations. The fast-food company reported total revenue of $6.20 billion in the quarter vs. $6.04 billion expected. Earnings per share at $2.76 a share vs. $2.46 a share forecasted....

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Coca-Cola beats Wall Street estimates for Q3
October 28, 2021

By Klavs Valters  @klavsvalters The Coca-Cola company reported their Q3 financial results before the opening bell on Wednesday. The company reported total revenue of $10 billion on the third quarter of 2021, beating analyst forecast of $9.75 billion. Earnings per share also topped analyst expectations on Wall Street at $0.65 per share vs. $...

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Tesla beats Wall Street expectations in Q3
October 21, 2021

By Klavs Valters  @klavsvalters Tesla, world’s largest automaker (by market cap) reported its third-quarter financial results after the closing bell on Wall Street on Wednesday, topping analyst estimates. The company reported total revenue of $13.76 billion in Q3 vs. $13.63 billion expected. Earnings per share was at $1.86 a share vs. $1....

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Netflix beats Q3 expectations
October 20, 2021

By Klavs Valters  @klavsvalters Netflix reported its third-quarter financial results after the closing bell on Tuesday, delivering solid numbers and beating Wall Street analyst predictions. The online streaming service reported earnings per share at $3.19 per share vs. $2.56 a share expected. The total revenue was $7.48 billion (up 16.3% fr...

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Goldman Sachs top Q3 expectations
October 18, 2021

By Klavs Valters  @klavsvalters Goldman Sachs reported their third quarter financial results before the opening bell on Friday. The company topped Wall Street analyst expectations, beating both total revenue and earnings per share estimates. Total revenue was reported at $13.61 billion vs. $11.68 billion expected. Earnings per share at $14....

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Earning season continues – US banking giants report Q3 results
October 15, 2021

By Klavs Valters  @klavsvalters The third quarter earnings season is heating up nicely over in the US, with some of the world’s largest banks reporting their latest financial results. Morgan Stanley, Bank of America Corp, Citigroup, and Wells Fargo & Co reported their numbers before the opening bell on Thursday. Morgan Stanley The ...

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Q3 earning season is here – JPMorgan reports
October 14, 2021

By Klavs Valters  @klavsvalters JPMorgan reported their Q3 financial results before the opening bell on Wednesday. Let’s take a closer look at the numbers. The company reported total revenue of $30.44 billion in the third quarter of the year, beating analyst expectation of $29.80 billion. Earnings per share at $3.74 per share – also abo...

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Preview: Non-Farm Payroll announcement
October 8, 2021

By Klavs Valters  @klavsvalters It’s the beginning of a new month which means that the Non-Farm Payroll figures will be released this week by the US Bureau of Labor Statistics. The latest US jobs data for September will be released at 1:30 PM London time on Friday. Why is the announcement important? Non-Farm Payroll is one of the most ...

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Preview: Non-Farm Payroll announcement
September 3, 2021

By Klavs Valters  @klavsvalters It’s the beginning of a new month which means that the Non-Farm Payroll figures will be released this week by the US Bureau of Labor Statistics. The latest US jobs data will be released at 1:30 PM London time on Friday. Why is the announcement important? Non-Farm Payroll is one of the most closely watche...

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NIO August delivery numbers are in
September 2, 2021

By Klavs Valters  @klavsvalters NIO reported its latest delivery numbers for last month before the opening bell on Wednesday. The ''Chinese Tesla'' delivered a total of 5,880 vehicles in August – a 48.3% year-on-year increase. About NIO NIO is a Chinese car manufacturer founded in 2014 by William Li, a Chinese business executive, and e...

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Zoom beats Q2 expectations
August 31, 2021

By Klavs Valters  @klavsvalters Zoom reported its second quarter financial numbers after the market close on Monday. The video-calling software company reported total revenue of $1.02 billion in Q2 (up by 54% year-over-year) vs $991 million expected. It was the first time the total revenue exceeded $1 billion in a single quarter. Earning...

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XPeng tops earnings expectations for Q2
August 27, 2021

By Klavs Valters  @klavsvalters XPeng reported its Q2 financial results before the opening bell on Thursday, beating analyst expectations. Let’s take a closer look at the numbers. The company reported total revenue of $582.50 million in the second quarter, above analyst forecasts of $515.55 million. The total revenue was up by 536.7% from...

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Salesforce Q2 numbers are in
August 26, 2021

By Klavs Valters  @klavsvalters Salesforce released its latest earnings numbers for Q2 after the closing bell on Wednesday. The cloud-based software company reported total revenue of $6.34 billion in the second quarter of the year, beating analyst forecast of $6.24 billion. The total revenue grew by 23% year-over-year. Earnings per share we...

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Preview: Non-Farm Payroll announcement
February 4, 2021

By Klavs Valters  @klavsvalters The Non-Farm Payroll figures will be released this week by the US Bureau of Labor Statistics. The latest US jobs data will be released at 1:30 PM London time on Friday. It will be the first jobs report since Joe Biden was inaugurated as the 46th President of the United States last month. Why is the announcement im...

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