Edinburgh Investment Trust Posts Loss For H1

Nordstrom Inc. Q3 Earnings Summary

Below are the earnings highlights for Nordstrom Inc. (JWN):

Earnings: -$20 million in Q3 vs. $64 million in the same period last year.
EPS: -$0.13 in Q3 vs. $0.39 in the same period last year.
Excluding items, Nordstrom Inc. reported adjusted earnings of $0.20 per share for the period.

Analysts projected $0.14 per share
Revenue: $3.43 billion in Q3 vs. $3.53 billion in the same period last year.

-Guidance:
Full year EPS guidance: $2.30 to $2.60

President Biden to extend pause on student loan repayments, sources say

WASHINGTON — AP sources: President Biden to extend pause on student loan repayments as legal battle over debt forgiveness continues.

Guess’, Inc. Q3 Profit Decreases, misses estimates

Guess’, Inc. (GES) revealed a profit for third quarter that decreased from last year and missed the Street estimates.

The company’s bottom line came in at $21.84 million, or $0.34 per share. This compares with $29.88 million, or $0.45 per share, in last year’s third quarter.

Excluding items, Guess’, Inc. reported adjusted earnings of $24.75 million or $0.44 per share for the period.

Analysts on average had expected the company to earn $0.55 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter fell 1.5% to $633.40 million from $643.07 million last year.

Guess’, Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $21.84 Mln. vs. $29.88 Mln. last year.
-EPS (Q3): $0.34 vs. $0.45 last year.
-Analyst Estimates: $0.55
-Revenue (Q3): $633.40 Mln vs. $643.07 Mln last year.

-Guidance:
Next quarter EPS guidance: $1.32
Full year EPS guidance: $2.35

Club Q shooting survivor speaks out about nightclub attack from hospital – The Denver Post

One of the survivors wounded in the mass shooting at Club Q in Colorado Springs over the weekend is speaking to the media Tuesday afternoon from Centura Penrose Hospital.

Five people were killed and 18 wounded in the shooting at LGBTQ nightclub late Saturday night.

 

 

HP Inc. Q4 Earnings Summary

Below are the earnings highlights for HP Inc. (HPQ):

Earnings: -$2 million in Q4 vs. $3099 million in the same period last year.
EPS: $0.00 in Q4 vs. $2.71 in the same period last year.
Excluding items, HP Inc. reported adjusted earnings of $855 million or $0.85 per share for the period.

Revenue: $14.80 billion in Q4 vs. $16.67 billion in the same period last year.

-Guidance:
Next quarter EPS guidance: $0.70 to $0.80

Naspers H1 Trading Profit Declines On Economic Interest Basis; Revenue Up 9%

Naspers Limited (NPSN.L) reported that, on an economic interest basis, first-half trading profit was $1.4 billion, down 38% from last year. Core headline earnings were down 51% to $372 million. On an economic interest basis, revenues were $17 billion, up 9%. Ecommerce revenue up 38%, driven by a strong operating performance across all four core segments.

On a consolidated basis, trading loss was $557 million compared to $338 million, previous year. Consolidated revenues were $3.7 billion, an increase of 29%.

Basil Sgourdos, Group CFO, Prosus and Naspers, said: “Our strong balance sheet and significant liquidity is a key advantage in the current climate; we will remain disciplined on M&A and committed to maintaining our investment grade rating.”

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Credit Suisse Group: Strategic Actions To Be Reflected In Near-term Financial Results

Credit Suisse Group AG (CS) said it has commenced rapid implementation of actions to create the new Credit Suisse, consistent with the strategic plans detailed on October 27, 2022. These measures are expected to result in a radical restructuring of the Investment Bank, an accelerated cost transformation, and strengthened and reallocated capital, the Group said. The Bank has initiated actions to reduce headcount by 5%, with reductions to other non-compensation related costs currently underway.

Credit Suisse Group noted that the strategic actions taken to significantly reduce the Group’s risk profile are expected to be reflected in near-term financial results. Credit Suisse would expect the Investment Bank and the Group to report a substantial loss before taxes in the fourth quarter 2022, of up to approximately 1.5 billion Swiss francs for the Group.

Edinburgh Investment Trust Posts Loss For H1

The Edinburgh Investment Trust Plc (EDIN.L), a British investment trust, on Wednesday recorded a loss for the first-half.

The results reflected global equity markets, and political uncertainty among others.

James de Uphaugh, Manager, said: “…Equity markets gave up some ground over this six-month period. Part of that is the general weakness of global equity markets, part was self-made problems in the UK owing to the political uncertainty. However, hopefully the worst of it is behind us.”

Fr the six-month period to September 30, the investor reported a loss on ordinary activities before taxation at 139.063 million pounds as against a profit of 102.170 million pounds, reported for the same period of 2021.

Loss on ordinary activities after taxation was at 139.439 million pounds or 81.79 pence per basic share, compared with a profit of 101.868 million pounds or 59.16 pence per basic share of last year.

Net loss before finance costs and taxation stood at 134.776 million pounds, versus a profit of 106.207 million pounds of a year ago.

Losses on investments held at fair value were at 159.708 million pounds, versus a profit of 82.797 million pounds a year ago.