By Reuters Staff
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FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, April 19, 2021. REUTERS/Staff
MILAN (Reuters) - Europe Inc earnings are expected to have risen a record 61% in the first quarter of 2021, Refinitiv IBES data showed on Tuesday, as the global economy recovers from the severe downturn caused by the coronavirus pandemic.
That would mark the best quarter for Europe Inc since IBES records began around nine years ago and also represents a big improvement compared to last week’s forecast for a 55.7% jump.
The forecasts, which track companies listed on the pan European STOXX 600 equity benchmark, point to revenues rising 2.8% in the first quarter, compared to 2.7% a week ago.
By Reuters Staff
2 Min Read
FILE PHOTO: Harley Davidson motorcycles are displayed for sale at a showroom in London, Britain, June 22 2018. REUTERS/Henry Nicholls/File Photo
(Reuters) -U.S. motorcycle maker Harley-Davidson on Monday reported a better-than-expected quarterly profit and raised its full-year forecast for sales growth, as its focus on bigger and profitable touring bikes boost demand, sending its shares up more than 8%.
Since the middle of last year, the Milwaukee, Wisconsin-based company, which has struggled to grow sales for the past several years, shifted its focus to big bikes, traditional markets such as the United States and Europe, and older and wealthier customers.
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BENGALURU (Reuters) - Indian shares fell sharply on Monday as Delhi imposed a lockdown to stem surging coronavirus cases, reinforcing fears of further economic pain from restrictions induced by the virus.
A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, February 1, 2020. REUTERS/Francis Mascarenhas/Files
The NSE Nifty 50 index was down 1.77% at 14,359.45 and the S&P BSE Sensex fell 1.81% to 47,949.42.
Delhi’s government on Monday ordered a six-day lockdown as its healthcare system crumbled under the weight of new infections. The financial hub of Mumbai is already under a lockdown since April 15.
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BENGALURU (Reuters) - India’s main stock indexes rose on Friday after strong earnings from Wipro lifted shares of software services companies, helping investors look past a surge in the country’s COVID-19 cases.
A bird flies past the Bombay Stock Exchange (BSE) building in Mumbai, India, January 31, 2020. REUTERS/Francis Mascarenhas/File Photo
The NSE Nifty 50 index was up 0.5% at 14,659.70 by 0430 GMT, while the S&P BSE Sensex rose 0.3% at 48,954.21.
The Nifty 50 and the Sensex have fallen 5.5% and 7.1%, respectively, since hitting record highs in February, as a severe second wave of COVID-19 cases has threatened to derail a nascent economic recovery.
By Reuters Staff
2 Min Read
BENGALURU (Reuters) - Wipro Ltd’s shares rose 8% on Friday, a day after the Indian IT services firm reported a quarterly profit above analysts’ estimates, helped by growth across key verticals and large deal wins.
The Bengaluru-based company reported a consolidated fourth-quarter net profit of 29.72 billion rupees ($398.14 million), up 27.8% from a year earlier. Analysts had expected a profit of 28.31 billion rupees, according to Refinitiv IBES data.
March quarter IT services revenue rose 4% to 158.92 billion rupees and the company closed 12 large deal wins amounting to $1.4 billion.
Indian IT services companies which offer a range of services to clients in the banking, retail and other sectors by helping them run their business processes, have continued winning contracts and expanding over the past few months.