Earnings Scheduled For April 30, 2021 benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
4/30/2021 5:38:36 AM GMT
General trend
- Financials trade lower in China and Hong Kong [ICBC and Bank of China dropped after reporting earnings].
- Hang Seng continued to decline after the lower open [HK TECH index has declined by over 1.9% amid ongoing regulatory concerns; Nasdaq FUTs drop during Asia].
- Shanghai Composite ended the morning session -0.5% [Property and Financial firms declined].
- Nikkei has remained lower following yesterday’s holiday [Sony drops over 6% after recently reported earnings/guidance; Komatsu, Tokyo Electron, Japan Tobacco, and ANA are due to report after the market close].
- Energy index has weighed on the S&P ASX 200 [Beach Energy declined over 20% on production update].
Illinois Tool Works: Q1 Earnings Snapshot
April 30, 2021 GMT
GLENVIEW, Ill. (AP) Illinois Tool Works Inc. (ITW) on Friday reported first-quarter net income of $671 million.
On a per-share basis, the Glenview, Illinois-based company said it had net income of $2.11.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.90 per share.
The equipment manufacturer for the transportation, power, food and construction industries posted revenue of $3.54 billion in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $3.43 billion.
Illinois Tool Works expects full-year earnings to be $8.20 to $8.60 per share.
Welding Equipment, Accessories & Consumables Market worth $32.5 Billion by 2026 - Exclusive Report by MarketsandMarkets Welding Equipment, Accessories & Consumables Market by Equipment, Accessory, Consumable (Electrodes & Filler Materials, Fluxes & Wires Gases), Technology (Arc Welding, Oxy-Fuel Welding ), End-Use Industry, and Region - Global Forecast to 2026 , published by MarketsandMarkets, the Welding Equipment, Accessories & Consumables Market is projected to grow from USD 25.9 billion in 2021 to USD 32.5 billion by 2026, at a CAGR of 4.6% during the forecast period.
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Innovations and technological advancements in the automotive industry to cater to the growing demand from customers is expected to creat
Currencies/Fixed Income
- Slightly higher US yields helped to stabilize the USD but the greenback remained on track to register its fourth straight weekly decline and its longest weekly streak of losses since last July. The USD softness being attributed to Fed Chief Powell s acknowledgment that it needed further evidence of substantial further progress toward recovery to warrant a change to its ultra-loose monetary settings.
- EUR/USD brushed aside various Q1 GDP readings and ignored the prospect of a double-dip recession in the region. Dealers appeared to be looking at recent data reports that suggested an underlying strength and an accelerating recovery for the region. The overall take was that the region lockdown-resilient economy would soon exit recession as businesses and consumers should begin fueling a recovery in 2Q.