Economic Updates

Economic Updates

Barrick Gold tops estimates and doubles its dividend

Barrick Gold Corp. (GOLD) announced its Q1 2022 financial results before the opening bell over in the US today, surpassing analyst estimates for the quarter. One of the world’s largest gold producers reported revenue of $2.926 billion in Q1 vs. $2.88 billion expected. The company reported earnings per share of $0.27 per share vs. $0.24 per ...

May 5, 2022
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AGL Energy and The Mike Cannon-Brookes Take Over

First things first; who is AGL Energy? AGL is a leading integrated essential service provider, with a proud 185-year history of innovation and a passionate belief in progress – human and technological. They deliver 4.5 million gas, electricity, and telecommunications services to residential, small and large business, and wholesale customer...

May 5, 2022
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Uber Q1 results have arrived

Uber Technologies Inc. (UBER) reported its latest financial results on Wall Street on Wednesday. World’s largest ridesharing company reported revenue of $6.854 billion (up 135% from the same period last year) vs. $6.098 billion expected. The company reported a loss per share of -$3.04 for the first three months of 2022 vs. -$0.27 loss per s...

May 5, 2022
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Airbnb sets a new record and tops estimates for Q1

Airbnb Inc. announced its first quarter earnings results after the closing bell on Wall Street on Tuesday, exceeding analyst estimates for the first three months of the year. The company reported revenue of $1.509 billion vs. $1.452 billion expected. Total revenue represents an increase of 80% from Q1 2019 and 70% from Q1 2020. Loss per share...

May 4, 2022
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Pfizer gets a boost – Q1 earnings beat estimates

Pfizer Inc. reported its first quarter financial results before the market open in the US on Tuesday. The American pharmaceutical giant reported revenue of $25.661 billion in the first quarter of the year (up by 77% year-over-year) vs. $24.099 billion expected. Earnings per share also reported above analyst expectations at $1.62 per share (up...

May 4, 2022
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The Impact of China’s Lockdown

China’s recent covid shutdown has wreaked havoc on its economy and the impact may be felt globally. With the world so integrated the second largest global economy suffering through a lockdown has the potential to severely disrupt the global economy. China has had to face its worst covid outbreak since the beginning of the pandemic. To curb the...

May 3, 2022
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The Impact of China’s Lockdown

China’s recent covid shutdown has wreaked havoc on its economy and the impact may be felt globally. With the world so integrated the second largest global economy suffering through a lockdown has the potential to severely disrupt the global economy. China has had to face its worst covid outbreak since the beginning of the pandemic. To curb the...

May 3, 2022
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Arista Networks tops estimates for Q1

Arista Networks Inc. reported its Q1 financial results after the closing bell in the US on Monday, beating Wall Street estimates. The US computer networking company reported revenue of $877.066 million (up by 31.4% year-over-year) vs. $856.14 million expected. Earnings per share reported at $0.84 per share (up by 35.48% year-over-year) vs. $0...

May 3, 2022
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Amazon records its first loss since 2015

Amazon has followed some of the other tech sector players in providing weaker than expected quarterly results. The global giant saw its share price drop dramatically after hours in response to the release of the report. Key Report Figures Revenue at Amazon increased by just 7% which marks its lowest figure since the .com bust in 2001. The rev...

May 2, 2022
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QANTAS confirms its plan for Project Sunrise

The major Australian airline announced its commitment to direct flights from Sydney and Melbourne to mainland Europe and the East Coast of America by 2026. The commitment was announced on the back of encouraging quarterly figures due to a strong recovery in the travel sector and the easing of many Covid restrictions. Trading results QANTAS an...

May 2, 2022
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AbbVie posts mixed results for Q1

AbbVie Inc. reported its financial results for the first quarter before the market open on Friday in the US. The biotechnology and pharmaceutical company reported revenue just shy of expectations at $13.538 billion (a 4.1% increase year-over-year) in Q1 vs. $13.662 billion expected. Earnings per share reported at $3.16 per share (a 9.3% incre...

May 2, 2022
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Exxon Mobil latest results announced

Exxon Mobil Corporation reported its first quarter financial results before the opening bell on Wall Street on Friday. The oil and gas giant reported revenue of $90.5 billion in the first quarter of 2022 vs. $82.839 billion expected. Earnings per share came in below of analyst estimates at $2.07 per share vs. $2.23 per share expected. ''Th...

May 2, 2022
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Chevron Q1 results are in

Chevron Corporation reported its latest financial results before the market open in the US on Friday. The company reported revenue of $54.373 billion in Q1, coming in above $51.14 billion expected by the analysts on Wall Street. Earnings per share reported at $3.36 per share vs. $3.41 per share expected. Mike Wirth, Chevron’s chairman an...

May 2, 2022
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NIO’s April delivery numbers are in

NIO Inc. reported its latest delivery numbers for April on Sunday. The Chinese electric vehicle company delivered 5,074 cars last month – a decrease of 28.55% year-over-year. Production and deliveries were impacted by supply chain issues and other constraints caused by COVID-19 outbreaks in China, according to the company. The deliveries in...

May 2, 2022
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Bristol-Myers Squibb exceeds Q1 expectations

US pharmaceutical company Bristol-Myers Squibb Co. reported first quarter financial results on Friday, beating analyst expectations. The company reported revenue of $11.648 billion (up 5% year-over-year) vs. $11.349 billion expected. Earnings per share reported at $1.96 per share (a 13% increase year-over-year) vs. $1.91 per share estimate. ...

May 2, 2022
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