Logitech Q2 Profit Misses View; Confirms FY Sales Outlook

Universal Health Services, Inc. Q3 adjusted earnings Miss Estimates

Universal Health Services, Inc. (UHS) reported earnings for third quarter that decreased from last year.

The company’s profit came in at $218.35 million, or $2.60 per share. This compares with $241.28 million, or $2.82 per share, in last year’s third quarter.

Excluding items, Universal Health Services, Inc. reported adjusted earnings of $224.13 million or $2.67 per share for the period.

Analysts had expected the company to earn $2.75 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 8.6% to $3.16 billion from $2.91 billion last year.

Universal Health Services, Inc. earnings at a glance:

-Earnings (Q3): $224.13 Mln. vs. $246.48 Mln. last year.
-EPS (Q3): $2.67 vs. $2.88 last year.
-Analysts Estimate: $2.75
-Revenue (Q3): $3.16 Bln vs. $2.91 Bln last year.

Treasuries Show Another Modest Move Back To The Upside

Treasuries moved modestly higher during trading on Monday, extending the rebound seen over the course of the previous session.

Bond prices moved to the upside early in the session and remained positive throughout the rest of the day. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, dipped 2 basis points to 1.635 percent.

The continued recovery by treasuries came as traders picked up bonds at reduced levels following recent weakness, which drove the ten-year yield to a five-month closing high last Thursday.

Trading activity was somewhat subdued, however, as a lack of major U.S. economic data kept some traders on the sidelines.

Some traders may also have been reluctant to make more significant moves ahead of the Federal Reserve’s monetary policy meeting next week.

The Fed is likely to leave interest rates unchanged but could announce plans to begin scaling back its asset purchase program.

Trading on Tuesday may be impacted by reaction to reports on home prices, new home sales and consumer confidence.

Bond traders are also likely to keep an eye on the results of the Treasury Department’s auction of $60 billion worth of two-year notes.

Queen carries out first official engagements a week after she spent a night in hospital

The Queen has carried out her first official engagements since being told to rest by doctors and spending a night in hospital.

Her Majesty returned to royal duties with virtual audiences at Windsor Castle.

Last week a Buckingham Palace spokesman said she was admitted for “preliminary investigations” – but returned to Windsor Castle at lunchtime on Thursday and “remains in good spirits”.

Chinese regulators meet companies over foreign debt holdings

BEIJING, Oct 26 (Reuters) – China’s state planner and foreign exchange regulator met with companies in key sectors on Tuesday over their foreign debt holdings, the National Development and Reform Commission (NDRC) said amid ongoing investor concerns over the debt of property developers including China Evergrande Group.

The regulators asked the unnamed companies to optimise their foreign debt structures and proactively prepare for repayment of both principal and interest on their foreign bonds, the NDRC said in a statement on its website.

Tell us: what are you finding hard to buy in your country?

Global supply chains are under huge strain and we’d like to find out what goods are difficult to buy where you live

Last modified on Mon 25 Oct 2021 09.29 EDT

We’d like your help to find out what items are in short supply where you live.

With the easing of the Covid-19 pandemic, a sudden surge in demand for energy, labour and transport has put global supply chains under huge strain. Logjams of container ships are part of the problem but countries across the world are experiencing problems with labour shortages.

In the UK, concerns about the availability of goods have prompt early buying for some Christmas food items. Companies across the US are predicting shortages and price rises for everything from artificial Christmas trees and sports goods to Thanksgiving turkeys. in Russia, regional cities, such as Krasnoyarsk, are experiencing a shortage of doshirak, the popular dried noodles.

What are you finding difficult to get hold of where you live? Maybe it is your favourite food, toys or items for DIY. Let us know.

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Logitech Q2 Profit Misses View; Confirms FY Sales Outlook

Logitech International (LOGI) reported that its net income for the second quarter of fiscal year 2022 declined to $139.46 million or $0.81 per share from $266.91 million or $1.56 per share in the prior year.

Non-GAAP earnings per share decreased to $1.05, from $1.87 in the same quarter a year ago. Analysts polled by Thomson Reuters expected the company to report earnings of $1.10 per share for the quarter. Analysts’ estimates typically exclude special items.

Quarterly sales were $1.31 billion, up 4 percent in US dollars and 2 percent in constant currency, compared to the prior year. Analysts expected revenue of $1.27 billion for the quarter.

Logitech confirmed its fiscal year 2022 outlook of flat sales growth in constant currency, plus or minus five percent, and $800 million to $850 million in non-GAAP operating income.