UNBELIEVABLE: 118 | History Defined

Eurozone faces stagflation as prices surge; Russia cuts interest rates as recession looms – as it happened

Rolling coverage of the latest economic and financial news, including growth figures from across the eurozone

The Guardian - UK · Apr 29, 2022

Apple's Q2 Exceeds Expectations Buoyed By Record Services Revenue, Authorizes $90B Stock Buyback

Apple, Inc. (NASDAQ: AAPL) delivered another strong quarter, just ahead of the intensification of supply chain issues due to COVID disruptions in China.

Benzinga · Apr 28, 2022

Roku Shares Gain After Q1 Revenue Beat, 1.1M incremental Active Accounts

Roku Inc (NASDAQ:ROKU) reported first-quarter FY22 revenue growth of 28% year-over-year to $733.7 million, beating the consensus of $718.31 million. Platform revenue increased 39% Y/Y to $647 million. In Q1, Roku added 1.1 million incremental Active Accounts to reach 61.3 million; Streaming Hours increased by 1.4 billion hours over the…

Benzinga · Apr 28, 2022

Why Stanley Black & Decker Shares Are Trading Lower Today

Stanley Black & Decker, Inc. (NYSE:SWK) reported first-quarter FY22 revenue growth of 20% year-over-year to $4.45 billion, led by acquisitions and price realization, missing the consensus of $4.65 billion. Volume fell 6%, constrained by temporary electronic component supply challenges. Adjusted EPS decreased to $2.10 compared to $2.85 in 1Q21, beating the consensus of…

Benzinga · Apr 28, 2022

McDonald's Shares Gain on Q1 Earnings Beat, Global Comp Sales Growth

McDonald’s Corp (NYSE:MCD) reported first-quarter FY22 sales growth of 11% year-on-year to $5.67 billion, beating the consensus of $5.59 billion. Global comparable sales rose 11.8%, with 3.5% growth in the U.S.  Digital systemwide sales exceeded $5 billion, representing over 30% of total systemwide sales in the company's top six markets. Sales by company-operated…

Benzinga · Apr 28, 2022

Airbus Steps Up Monitoring Chinese Supply Chain: Reuters

Airbus SE (OTC:EADSY) is tightening monitoring of its Chinese supply chain following the increased disruption caused by recent pandemic lockdowns, Reuters reported, citing Airbus Chief Executive Guillaume Faury.  "The whole worldwide supply chain is complicated at the moment," he mentioned at a news briefing in his capacity as head of France's Gifas…

Benzinga · Apr 28, 2022

Nokia Clocks 5% Revenue Growth In Q1 Amid Strong Demand Offset By Supply Chain, Inflation Challenges

Nokia Corp (NYSE:NOK) reported a first-quarter FY22 net sales growth of 5% year-on-year (1% in constant currency) to €5.35 billion. Network Infrastructure grew 9% Y/Y in CC, driven by solid demand in Fixed and Submarine Networks. Cloud and Network Services grew 5% Y/Y in CC with strength in Core Networks. Mobile Networks declined…

Benzinga · Apr 28, 2022

Re-invest ScotWind windfall to improve supply chains, government told

New documents show that almost £25.5bn in ScotWind commitments have been outlined by developers

Insider UK · Apr 28, 2022

Nokia's Quarterly Profit Beats on 5G Demand

Telecom equipment maker Nokia reported stronger-than-expected quarterly operating profit on Thursday helped by higher demand for 5G gear despite supply chain constraints. First-quarter comparable operating profit rose to 583 million euros ($613 million) from 551 million last year, beating the 513 million euro mean forecast of eleven analysts polled by…

Asharq Al-Awsat · Apr 28, 2022

Inflation shock, rate rise risk jolt Australia PM's election campaign

Australian Prime Minister Scott Morrison on Thursday blamed the war in Ukraine and COVID-related supply chain disruptions for a record rise in living costs which could jeopardise his chances of winning a national election to be held within weeks.

Reuters · Apr 28, 2022