Gold slips ₹109; silver tanks ₹146
Gold on January 28 fell ₹109 to ₹48,183 per 10 gram in the national capital following muted global trends, according to HDFC Securities.
In the previous trade, the precious metal had closed at ₹48,292 per 10 gram.
Silver also dipped ₹146 to ₹65,031 per kg, from ₹65,177 per kg in the previous trade.
HDFC Securities Senior Analyst (Commodities) Tapan Patel said, "Following stronger dollar and weaker COMEX (New York-based commodity bourse) gold prices, spot gold prices for 24 karat in Delhi quoted ₹109 per 10 gram lower." In the international market, gold quoted lower at $1,840.79 per ounce, while silver was flat at $25.12 per ounce.
LIVE UPDATES: GameStop, AMC trading frenzy roils Wall Street
Regulators likely to examine Robinhood, Reddit traders for possible collusion: Gasparino
Sources tell FOX Business’ Charlie Gasparino that any regulatory case would be difficult unless money is changing hands.
A surge of trading volume in shares of GameStop and AMC Entertainment, as well as Bed Bath & Beyond and BlackBerry, has stunned Wall Street firms that were betting that those stocks would fall.
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Instead, the share prices have surged as retail investors, spurred by the online Reddit forum WallStreetBets, piled into the stocks.
The Securities and Exchange Commission has said it is monitoring the situation.
SHORT SQUEEZES: EVERYTHING YOU NEED TO KNOW ABOUT THE RECENT INVESTING MOVEMENT
Follow for the latest updates on the GameStop and AMC Entertainment trading frenzy. Mobile users click here.
Allegheny Technologies Sees Demand Rebounding In FY21 – Quick Facts
While reporting financial results for the fourth quarter on Thursday, Allegheny Technologies Inc. (ATI) said it expects a continued difficult market environment in the first quarter of fiscal 2021, driven by the Covid-19 resurgence and the relatively low rates of global air passenger travel.
The company added that its first quarter 2021 compares to a robust pre-pandemic quarter for Allegheny that included a surge in wide-body jet engine product sales.
However, the company is optimistic that the worst is behind and demand will begin to rebound for the full year 2021 as Covid-19 vaccines are increasingly approved and administered around the world.
It expects demand to improve in the second half of the year, led by increasing narrow-body engine production volumes enhanced by ATI’s jet engine-related share gains and new business in airframes.
EARNINGS SUMMARY: Details of Graham Corp Q3 Earnings Report
Below are the earnings highlights for Graham Corp (GHM):
-Earnings: $1.06 million in Q3 vs. $0.01 million in the same period last year.
-EPS: $0.11 in Q3 vs. $0.00 in the same period last year.
-Analysts projected $0.11 per share
-Revenue: $27.15 million in Q3 vs. $25.29 million in the same period last year.
Full year revenue guidance: $93 – $97 Mln
Comcast’s NBC Universal Says Peacock Hit 33 Million Signups
NBCU’s streaming service Peacock has hit 33 million signups across the U.S. to date, parent Comcast said Thursday.
That’s up from 28 million on Dec. 8 when execs last updated the figure at an investor conference.
Comcast saw fourth quarter revenue and adjusted EPS dip from the year earlier but beat expectations at, respectively, $27.7 billion and $0.56 a share. Numbers were driven by a strong performance at cable, which added 538,000 net new broadband customers. Cable revenue rose to nearly $16 billion on operating profit of about $6 billion.
At NBCUniversal, revenue was down across the board, most sharply at theme parks, where it fell 63% to $579 million from $1.62 billion, although two theme parks, in Orlando and Osaka, reached breakeven. Universal Studios Hollywood park has been shut since March.
Sky made strides, returning to customer growth and bringing total customer relationships and overall revenue in Europe
essentially back to 2019 levels.
“With the vaccines rolling out throughout the world, we are optimistic that the parts of our business that had been most impacted will soon be back on a path towards growth,” said CEO Brian Roberts.
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McDonald’s Q4 Profit Down; U.S. Comps. Up 5.5%
McDonald’s Corp. (MCD) Thursday reported a profit for the fourth-quarter that declined 12 percent from last year, reflecting sales declines in the International Operated Markets and International Developmental Licensed Markets segments as a result of COVID-19 resurgences and government restrictions. The result were partly offset by stronger operating performance in the U.S. due to higher sales-driven restaurant margins. Quarterly revenues decreased 2 percent. Global comparable for the quarter sales declined 1.3 percent.
The company reported that its net income for the fourth-quarter decreased 12 percent to $1.38 billion or $1.84 per share from $1.57 billion or $2.08 per share in the previous year.
Non-GAAP earnings per share for the fourth-quarter were $1.70 compared to $1.97 in the prior year. Analysts polled by Thomson Reuters expected the company to report earnings of $1.78 per share for the quarter. Analysts’ estimates typically exclude special items.
Consolidated revenues for the fourth quarter decreased 2 percent to $5.31 billion from last year’s $5.43 billion. Quarterly revenues were down 3 percent at constant currencies basis. Analysts expected revenues of $5.37 billion for the fourth-quarter.
Global comparable sales declined 1.3 percent while improving from the prior quarter, reflecting positive comparable sales in the U.S. of 5.5 percent, and negative comparable sales in the International Operated segment and International Developmental Licensed segment of 7.4 percent and 3.6 percent, respectively.
In Thursday pre-market trade, MCD was trading at $206.94, down $0.06 or 0.03 percent.