Q4 Financial News

ROME (Reuters) — Itay can still achieve economic growth of 0.7% this year despite an expected weak fourth quarter, the country's central bank said on Monday.

Hologic (NASDAQ:HOLX) shares rose more than 2% after-hours following the company’s reported Q4 results, with EPS of $0.89 coming in better than the consensus estimate of $0.84. Revenue decreased 0.8% year-over-year to $945.3 million, beating the consensus estimate of $940.03M.

Also Read: Amazon eliminates jobs in music division in new round of cuts In a call with investors, Chief Executive Officer Bob Iger said the added cost cutting will move Disney from “an era of fixing to an era of building." The company also plans to ask its board to reinstate a dividend payment to shareholders by the end of 2023, interim Chief Financial Officer Kevin Lansberry said. Walt Disney said it added nearly 7 million Disney streaming subscribers in the quarter, with the inclusion of “Guardians of the Galaxy Vol.

By Yasin Ebrahim

The third-quarter GDP report surprised most economists with a blow-out 4.9% gain. Is a downside reversal brewing for Q4?

incentives under PLI for white goods in the last quarter of this financial year as certain selected beneficiary firms have started production, DPIIT Secretary Rajesh Kumar Singh said on Tuesday. The production linked incentive (PLI) scheme on white goods seeks to encourage domestic manufacturing of air conditioners and LED light components. «In the last quarter (January-March), we are expecting some disbursements,» Singh told reporters on the sidelines of the India Korea Business Partnership Forum meeting here.

Investing.com — NXP Semiconductors on Monday reported third-quarter results that topped Wall Street estimates. 

LONDON (Reuters) — The downturn in euro zone business activity accelerated last month as demand in the dominant services industry weakened further, a survey showed on Monday, suggesting there is a growing chance of a recession in the 20-country currency union.

Ashok Sonthalia, CFO, Titan Company, says “the mid premium, premium, high value segments are showing very good traction, good demand and growth rates are very high in those segments. The growth in consumer numbers is also high. Entry level demand is a little bit dull still. I would say the whole discretionary aspect at the entry price point, the target segment of consumer is yet to see the whole thing panning out, but early signs are very good and we are very positive about Q3 and Q4 shaping up.” Well, the festive season this time is falling in Q3 versus Q2 that we had seen last year. But so far, given that we are halfway through the festive season, what is the demand looking like? Are you seeing that festive cheer and festive mood in the consumer sentiment as well? Yes, from last year, the start period had shifted to Q3 and so the first 15 days were slightly slower and even gold prices have become volatile because of the geopolitical situation outside India.

Apple chief executive Tim Cook said on Friday that the iPhone maker set a quarterly revenue record in India with a strong double-digit year-on-year growth in the July-September period, adding that the country is a major focus for Apple. The United States-headquartered company reported revenue of $89.5 billion for the quarter to September, down less than 1% year-on-year, with iPhone sales contributing $43.8 billion. Apple set record revenues for iPhones in India, among other emerging markets. Cook said iPhone revenue came in ahead of the company’s expectations, setting an “all-time record” in India, among quarterly records in other markets. “It’s (India) an incredibly exciting market for us, and a major focus of ours.

US Federal Reserve is done with interest rate hike cycle. Upbeat corporate earnings also boosted sentiment. The domestic equity indices rallied on Thursday amid positive global cues after the US Fed maintained a pause on interest rates.

Investing.com — Apple reported Thursday fiscal fourth-quarter results that topped Wall Street estimates as better-than-expected services revenue boosted results.

Yesterday’s blowout rise for US economic growth in the third quarter delivered an upside surprise, especially for analysts who remain all in with forecasting recession. But perhaps the warnings will finally find traction via the current run of softer Q4 nowcasts.

HTX, the crypto exchange formerly known as Huobi Global and owned by Chinese blockchain personality Justin Sun, has announced a profit of $98 million for the third quarter of 2023.

investing.com — F5 Networks reported Tuesday annual revenue guidance that fell just shy of Wall Street estimates despite delivering better-than-expected fiscal fourth-quarter results amid an ongoing boost from its transition away from hardware to services and software. 

PTI said on Sunday. The capital infusion would be based on the financial performance of the general insurers in nine months, the report also said. According to the PTI report citing sources, the finance ministry last year asked three insurers to chase bottomlines rather than topline and underwrite only good proposals.

Sanjeev Kumar Bijli, ED, PVR Inox, says “on Thursday we opened Leo down south. It has opened to phenomenal admissions and numbers. We have Tiger 3 coming out in November. December is looking jam packed. And it is going to be as good as August with Dunki, Salar. We have Animal, Merry Christmas and Marvels, and Aquaman. I am glad the movie line up is coming on the screen as well. So there is a combination of Hindi, English and regional films that are coming up in this quarter. And they all look amazing. They all look brilliant.” This is the highest ever revenue that we have seen so far in the second quarter. You must be elated at Team PVR INOX. It has been a really steady ship in the second quarter. The question is, can it continue this kind of momentum? It is the festive season for us before the festival starts. We are all very excited and elated by the results in this quarter, which obviously was augmented by the great lineup of films and some great cinemas and new properties that we had added. We are pretty confident and sanguine that this kind of a trend will continue because not only we have a good pipeline of films in the third quarter and the fourth quarter and we are also adding some very exciting new properties going forward.

Some stocks have consistently outperformed the S&P 500 index over the past five fiscal years, with a particularly strong showing in the last quarter of the year.

Syngene Q2 results: Syngene International has cut its FY24 growth guidance to mid-teens on a constant currency basis compared to earlier guidance of high-teen growth. The share price of Syngene corrected more than 7%. The challenges are posed in the Discovery Sciences segment.

HCLTech, the country’s third-largest IT services firm, slashed its revenue guidance for the year ahead, but it expects growth to lead the industry numbers by a “big margin” in the third and fourth quarters, chief executive officer C Vijayakumar tells ET. The lack of discretionary spending across clients through the past two quarters and limited resumption visibility on customer expenditures have been the key factors for slashing organic revenue growth guidance between 4% and 5% in constant currency terms (from earlier 6% and 8%) despite strong growth projections. Edited Excerpts:

(Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) Europe also witnessed a fourth consecutive monthly outflow in gold ETFs. Regional gold ETFs suffered a loss of over $1 billion, or 28 tonnes during September – a month in which the European Central Bank delivered its tenth consecutive rate hike and reiterated that rates will stay “at sufficiently restrictive levels for as long as necessary." Gold prices declined 3.7% in September dragged by a sharp uptick in bond yields alongside a stronger dollar.