Yamaha Motor Prelim. Annual Profit, Sales Rise; Sees Lower Net Profit, Higher Sales In FY23
Japanese automaker Yamaha Motor Co., Ltd. (YAMHF.PK), on Monday reported a rise in its preliminary earnings and sales for 2022.
For the 12-month period to December 31, 2022, the Iwata-headquartered firm registered a net profit of 174.4 billion yen, an increase of 18.9 billion yen or 12.1 percent, from the previous fiscal.
Ordinary income stood at 239.3 billion yen, a rise of 49.9 billion yen or 26.3 percent, compared with 2021.
Operating income was at 224.9 billion yen, an increase of 42.5 billion yen or 23.3 percent, compared with the last year.
Yamaha’s sales for the 12-month period rose to 2.248 trillion yen, an increase of 436 billion yen or 24.1 percent, from 2021.
Looking ahead, for the fiscal 2023, the company expects a net profit of 160 billion yen, with an operating income of 230 billion yen, on sales of 2.450 trillion yen.
Check Point Software Technologies Ltd Q4 Income Rises
Check Point Software Technologies Ltd (CHKP) revealed a profit for its fourth quarter that increased from the same period last year
The company’s earnings came in at $269.9 million, or $2.20 per share. This compares with $259.7 million, or $1.98 per share, in last year’s fourth quarter.
Excluding items, Check Point Software Technologies Ltd reported adjusted earnings of $301.0 million or $2.45 per share for the period.
The company’s revenue for the quarter rose 6.6% to $638.5 million from $599.1 million last year.
Check Point Software Technologies Ltd earnings at a glance (GAAP) :
-Earnings (Q4): $269.9 Mln. vs. $259.7 Mln. last year.
-EPS (Q4): $2.20 vs. $1.98 last year.
-Revenue (Q4): $638.5 Mln vs. $599.1 Mln last year.
Oil Prices Fall On Demand Concerns
Oil prices declined on Monday after ending sharply higher in the previous session on continued optimism about higher fuel demand from China, and on Russia’s move to reduce oil output next month in retaliation for Western sanctions.
Benchmark Brent crude futures fell 1.3 percent to $85.27 barrel in European trade, while WTI crude futures were down 1.4 percent at $78.61.
Demand concerns returned to the fore ahead of the release of key U.S. inflation data due this week that could influence the Federal Reserve’s rate-hike roadmap.
The dollar firmed up after Philadelphia Federal Reserve President Patrick Harker said on Friday that he sees the Fed’s policy rate going up to somewhere above 5 percent and holding there for a while.
Movements in U.S. Treasury yields are flashing a big warning that an economic downturn may be on the horizon.
Meanwhile, tanker loadings of crude oil from Azerbaijan at the Mediterranean terminal of Ceyhan have resumed, helping ease supply concerns.
The operation of the Turkish oil terminal was suspended due to the earthquake that occurred on February 6.
Gold Edges Lower On Firm Dollar, Higher Yields
Gold prices inched lower on Monday, the dollar advanced and U.S Treasury yields inched up as investors braced for key U.S. data due this week that could influence the Federal Reserve’s rate-hike trajectory.
Spot gold dropped half a percent to $1,857.20 per ounce, while U.S. gold futures were down 0.3 percent at $1,868.25.
The dollar held near five-week highs and the benchmark U.S. 10-year treasury yield rose to a six-week high, as investors looked ahead to the release of U.S. inflation, retail sales and industrial production data due this week for additional clues on the rate outlook.
A stronger-than-expected inflation reading could force the Fed to get more hawkish.
Philadelphia Fed President Patrick Harker said on Friday that the key interest rate must get above 5 percent and stay there to ensure price pressures ease.
Richmond Fed President Thomas Barkin said it’s important for the U.S. central bank to continue to raise rates to bring inflation back to the 2 percent target.
Pre-market Movers: RSLS, KAL, AWIN, AEI, CTLT…
The following are some of the stocks making big moves in Monday’s pre-market trading (as of 07.15 A.M. ET).
In the Green
Kalera Public Limited Company (KAL) is up over 49% at $10.11.
Catalent, Inc. (CTLT) is up over 28% at $72.22.
Stabilis Solutions, Inc. (SLNG) is up over 21% at $5.40.
SoundHound AI, Inc. (SOUN) is up over 17% at $3.30.
TOP Financial Group Limited (TOP) is up over 16% at $4.55.
BigBear.ai Holdings, Inc. (BBAI) is up over 11% at $5.80.
Life Storage, Inc. (LSI) is up over 10% at $122.40.
Shift4 Payments, Inc. (FOUR) is up over 7% at $70.95.
AMC Entertainment Holdings, Inc. (AMC) is up over 7% at $6.53.
51Talk Online Education Group (COE) is up over 6% at $6.44.
Impinj, Inc. (PI) is up over 5% at $132.35.
MDxHealth SA (MDXH) is up over 5% at $4.11.
In the Red
ReShape Lifesciences Inc. (RSLS) is down over 53% at $7.90.
Pono Capital Corp. (AWIN) is down over 33% at $7.38.
Alset Inc. (AEI) is down over 32% at $2.09.
Heart Test Laboratories, Inc. (HSCS) is down over 26% at $2.49.
DURECT Corporation (DRRX) is down over 15% at $5.38.
Nayax Ltd. (NYAX) is down over 14% at $19.58.
Coca-Cola FEMSA, S.A.B. de C.V. (KOF) is down over 7% at $68.00.
Newmont Corporation (NEM) is down over 6% at $46.75.
Lufax Holding Ltd (LU) is down over 6% at $2.80.
Pre-market Movers: GTHX, VLON, ZIVO, ACGN, OCUL…
The following are some of the stocks making big moves in Monday’s pre-market trading (as of 07.35 A.M. ET).
In the Green
Vallon Pharmaceuticals, Inc. (VLON) is up over 37% at $0.63.
Aceragen, Inc. (ACGN) is up over 22% at $5.95.
Ocular Therapeutix, Inc. (OCUL) is up over 15% at $4.47.
COMSovereign Holding Corp. (COMS) is up over 14% at $4.96.
Dingdong (Cayman) Limited (DDL) is up over 13% at $5.58.
The Gabelli Utility Trust (GUT) is up over 10% at $7.81.
Fastly, Inc. (FSLY) is up over 8% at $10.75.
PowerSchool Holdings, Inc. (PWSC) is up over 6% at $24.15.
JinkoSolar Holding Co., Ltd. (JKS) is up over 5% at $55.59.
In the Red
G1 Therapeutics, Inc. (GTHX) is down over 52% at $3.39.
ZIVO Bioscience, Inc. (ZIVO) is down over 29% at $2.50.
Oragenics, Inc. (OGEN) is down over 13% at $5.54.
Surmodics, Inc. (SRDX) is down over 10% at $25.80.
Xinyuan Real Estate Co., Ltd. (XIN) is down over 8% at $6.43.
Guardforce AI Co., Limited (GFAI) is down over 6% at $17.75.
NanoVibronix, Inc. (NAOV) is down over 5% at $5.70.
X Financial (XYF) is down over 5% at $3.28.