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July 28, 2014 – 8:21 pm |

US economy failed to rebound in the second quarter of 2014 as much as investors expected and the American currency declined against Euro for the first time during the last seven days.

Tomorrow FED will begin meetings to debates the interest rates pace and if the Government is going to reduce further its bond purchase monthly amount.

Investors and analysts expect the rebound to be weaker than Read more […]

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Leighton Announces Good Quarter; Debt Continues to Rise

May 30, 2013 – 2:00 am |

Leighton LEI reported first-quarter 2013 revenue (including joint ventures and associates) of AUD 5.4 billion, an increase of 5%. Net profit after tax (NPAT) was AUD 123 million, after a loss in 2012, a solid performance given the slowdown in contract mining work and adverse domestic weather conditions in key mining states. First quarter NPAT was consistent with our 2013 underlying NPAT forecast of Read more […]

Fletcher Meets 2013 Guidance; Strong Results in Tough Markets

May 30, 2013 – 1:00 am |

Fletcher Building confirmed fiscal 2013 earnings before interest and tax (EBIT) guidance of NZD 560 to NZD 610 million, reassuring given recent earnings downgrades in the sector. New Zealand continues to benefit from an uplift in housing approvals and the massive pipeline of infrastructure and reconstruction work in Christchurch. Cost reductions remain the focus in Australia, with both the residential Read more […]

Weather Puts a Damper on Aeropostale’s Earnings

May 29, 2013 – 3:00 pm |

While merchandise at Aeropostale has progressively improved over the past 12-18 months, the retailer remains in the grasp of an aggressive discounting cycle that it seemingly cannot break free from. While some apparel retailers have escaped extreme promotions in order to drive traffic, Aeropostale still uses that trick to get consumers in the door. It appears this hasn’t necessarily hurt the brand Read more […]

Monadelphous Sees Tender Pipeline Evaporate; Earnings Struggle

May 29, 2013 – 1:00 pm |

The mining service sector has been beset by earnings downgrades, with UGL, WorleyParsons and Transfield Services lowering earnings expectations in recent days and providing details of an industry facing strong headwinds. In February, after Monadelphous announced a 38% increase in first-half net profit after tax (NPAT) and confidently upgraded full-year revenue expectations to growth of 35%, analysts Read more […]

Boart Longyear Stuggles as Global Demand Decreases

May 29, 2013 – 2:45 am |

Boart Longyear announced forecast fiscal 2013 revenue of around USD 1.5 billion and earnings before interest, taxes, depreciation and amortisation (EBITDA) of USD 199 million, after previously forecasting revenue of USD 1.7 billion and EBITDA of USD 260 million. Since February, the global drilling services and drilling products markets have significantly deteriorated, impacted by volatile commodity Read more […]

GameStop at Risk After Microsoft Announcement

May 28, 2013 – 7:24 pm |

On Friday, various media sources reported that Microsoft privately briefed game retailers, announcing that its next-generation console, titled Xbox One, will enforce measures to restrict the used market. One source claims that the retailer will be able to choose the price but the publisher will receive a percentage cut of the sale, while another source claims that retailers will be restricted from Read more […]