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What Wall Street expects from CVB Financial's earnings
CVB Financial will be reporting Q3 earnings on October 21. Analysts on Wall Street expect CVB Financial will release earnings per share of $0.333. Follow CVB Financial stock price in real-time on Markets Insider here. CVB Financial will report earnings from the last quarter on October 21. 6 analysts estimate...Q3 EarningsShare PriceFinanceWall StreetFiscal YearCVB FinancialAverage EarningsFiscal Q3Financial YearMarkets InsiderRevenueCompanyStock PriceOctoberRead Full Story
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VEREIT, Inc. (VER) CEO Glenn Rufrano on Q3 2020 Results - Earnings Call Transcript
VEREIT, Inc. (NYSE:VER) Q3 2020 Earnings Conference Call November 5, 2020 1:30 PM ET. Anthony Paolone - JPMorgan Chase & Co. Hello, and welcome to the VEREIT 2020 Third Quarter Earnings Call. [Operator Instructions. Please note, this event is being recorded. I would now like to turn the conference over to Bonni Rosen, SVP of Investor Relations at VEREIT. Please go ahead.Read Full Story Evercore ISIMizuho SecuritiesNYSEChief Executive OfficerChief Operating OfficerNew York Stock ExchangeChief Financial OfficerQuarterly EarningsQ3 EarningsCorporate EarningsPer Share EarningsInc.NAREITIRRThai UnionTom RobertsChris Lucas
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TransAlta Renewables Reports Third Quarter 2020 Results
Comparable EBITDA(1) of $96 million, a $10 million or 12 per cent improvement to the same period in 2019. Adjusted funds from operations ('AFFO')(1) of $76 million, a $7 million or 10 per cent improvement to the same period last year. Cash available for distribution ('CAFD')(1) of $73 million or...Read Full Story Renewable EnergyDividendCoronavirus Disease 2019Net IncomeAustralian DollarWestern AustraliaEarnings EstimatesEarnings GrowthRevenue GrowthEnergy CostsElectricity CostsPPAABTransAlta Renewables Inc.Canadian Hydro
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Asian shares rise after Wall Street gains on solid earnings
TOKYO (AP) - Asian shares mostly rose Wednesday, cheered by the gains on Wall Street as investors welcomed a batch of solid earnings reports from U.S. companies. Japan’s benchmark Nikkei 225 gained 0.3% to 23,647.63. South Korea’s Kospi added 0.3% to 2,366.15, while Australia’s S&P;/ASX 200 edged up 0.1% to 66,191.80. Hong Kong’s Hang Seng jumped 0.7% to 24,750.04. The Shanghai Composite slipped 0.5% to 3,312.28.Wall StreetASXS&PAsian SharesHong KongHang SengSouth KoreaTaiwanTokyoJapanese YenAsian StocksU.S. StocksAsian MarketsAverage EarningsGoogleRead Full Story
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Stocks making the biggest moves midday: Tesla, Costco, Royal Caribbean & more
Check out the companies making headlines in midday trading:. Bristol-Myers Squibb — Shares of the pharmaceutical company rose 1.2% after it announced positive interim results from a phase three trial of an immunotherap
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Coca Cola to cut 2,200 jobs worldwide in restructuring
Coca Cola will cut 2,200 employees in its global workforce as part of previously announced restructuring plans that have been accelerated by the coronavirus pandemic. “We’ve been challenging legacy ways of doing business and the pandemic helped us realize we could be bolder in our efforts,” Coke Chairman and CEO James Quincey said during an earnings call in October.Read Full StoryCoca ColaWorldwide EarningsJobsCEOJob CutsIndependent BusinessOdwallaMinute MaidTopo Chico Hard SeltzerCoca-Cola EnergyKOCOCA-COLAThe Associated PressCandaFOX Business The JobCompanyJames Quincey
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What Is Cathie Wood Up To?
ARK Invest CEO and Chief Investment Officer Cathie Wood, has been making some notable trades lately. From unloading shares of Tesla to adding Fastly after a 30% decline. Let us try and pick her brain. Thursday, after market close, ARK released its refreshed holdings to the public. According to the...Chief Investment OfficerETFMarket CapitalizationTeslaQ3 EarningsCathie WoodInvestment ReturnsChamath PalihapitiyaFastly IncARKKBenzingaARK Invest CEOHedge FundsYear-to-date ReturnsGrowth StocksRead Full Story
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Apple's Tim Cook says iPhone 12 'off to a great start' as earnings top expectations
Apple CEO Tim Cook expressed optimism about early sales data for its flagship iPhone 12 as the tech giant reported fourth-quarter earnings that topped Wall Street’s expectations on Thursday. Sales of the iPhone have long comprised the bulk of Apple’s revenue. The latest model went on sale Oct. 23 and...Read Full Story Apple WatchGreater ChinaApple EarningsApple IPhoneApple SalesIPhone SalesApple SharesFOX BusinessAAPLAPPLE INC.Luca MaestriApple ExecutivesApple CardFourth-quarter EarningsQuarterly RevenueWearablesTim Cook
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UPDATE 2-South Africa's Pick n Pay ventures into difficult Nigerian market
* Nigeria entry in partnership with A.G. Leventis* First-half earnings down 56.3%* Earnings hit by coronavirus crisis and one-off costs* Shares up 3.2% (Recasts on expansion in Nigeria)JOHANNESBURG, Oct 20 (Reuters) - South African supermarket chain Pick n Pay will soon open its first store in Nigeria through a partnership with A.G. Leventis (Nigeria) in an effort to tap the West African nation’s “underserved” consumer market.The push into Nigeria comes as retailers including grocery giant Shoprite Holdings and Mr Price are withdrawing because of currency devaluations, logistical challenges and difficulties repatriating profits.But Pick n Pay still finds the risky market attractive and is confident of success, a company executive told Reuters on Tuesday after the company reported a 56.3% drop in first-half profit.“The appeal is that it is a hugely underserved consumer market and is going to grow. You have to look through the short term and into the long-term potential,” said David North, group executive for strategy and corporate affairs.North said that Pick n Pay’s expansion strategy in Nigeria will differ from other South African retailers that opened flagship stores in the large shopping centres.Pick n Pay will instead focus on smaller neighbourhood stores, with partner A.G. Leventis providing “the local know-how, the understanding of the regulatory process and the local stakeholders”, North said.African markets outside South Africa contributed 2 billion rand ($120.9 million) to Pick n Pay’s revenue in the 26 weeks to Aug. 30, down 10.3% on last year. Removing the impact of currency weakness, sales were down 7.3% in constant currency terms.ONLINE GROWTHThe retailer, which competes with Shoprite and Spar Group , said it had concluded an agreement to buy on-demand online grocery delivery business Bottles to strengthen its e-commerce operation.Bottles was launched in 2016 as South Africa’s first on-demand alcohol delivery app and partnered with Pick n Pay in 2018.After a prohibition on alcohol sales was introduced in March to combat the spread of COVID-19, Bottles repurposed its app to deliver on-demand grocery essentials.Since pivoting to groceries, the app has achieved more than 700,000 downloads with more than 350,000 registered users, bolstered by an unprecedented surge in online shopping during the pandemic.Pick n Pay’s own online sales doubled over the period.Group sales, however, rose by only 2.6%. Sales from South African operations increased by 3.4%, constrained by restrictions on alcohol, tobacco and clothing sales during the COVID-19 lockdown.Reduced trading hours, limits on the number of customers in stores and temporary store closures also contributed to an estimated 2.8 billion rand in lost sales.Pick n Pay declared a full-year dividend of 173.06 cents, having deferred it in May, alongside an interim dividend of 18.74 cents.Shares in the company were up 3.2% by 1132 GMT. ($1 = 16.5450 rand)Reporting by Nqobile Dludla Editing by Louise Heavens and David GoodmanSupermarketCOVID-19 PandemicJohannesburgRetailCoronavirus Disease 2019NigeriansWest AfricaVenturesMarketCorporate EarningsBusiness StrategySpar GroupShoprite HoldingsReutersLouise Heavens
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China's industrial profits grow for fourth straight month
SHANGHAI (Reuters) - Profits at China’s industrial firms grew for the fourth straight month in August, buoyed in part by a rebound in commodities prices and equipment manufacturing, the statistics bureau said on Sunday