5 things we’ve learned from earnings season so far: How big an impact is inflation having?

More than 80% of the S&P 500 index’s companies have reported second-quarter results so far, and at least five key takeaways have emerged — including that Wall Street was far more worried about the coming earnings season than it needed to be. That doesn’t mean investors were wrong; the numbers and management commentary have confirmed … Read more

Toronto Stocks Flat; Maple Leaf Foods Falls After Inflation, Labor Issues Hit 2Q

By Adriano Marchese Stocks in Toronto were near-flat in midday trading Thursday. Canada’s energy sector posted the largest decline in the session, while materials and technology led the gainers. Shares of Maple Leaf Foods Inc. fell after the company said inflation and labor issues weighed on its second quarter. Canada’s S&P/TSX Composite Index was up … Read more

Toronto Stocks Flat; Maple Leaf Foods Falls After Inflation, Labor Issues Hit 2Q

By Adriano Marchese Stocks in Toronto were near-flat in midday trading Thursday. Canada’s energy sector posted the largest decline in the session, while materials and technology led the gainers. Shares of Maple Leaf Foods Inc. fell after the company said inflation and labor issues weighed on its second quarter. Canada’s S&P/TSX Composite Index was up … Read more

Instem 1H Revenue Rose, Inflation to Pressure Operating Profit

By Michael Susana Instem PLC said Thursday that it expects to report a 40% increase in revenue for the first half of 2022, but that operating profit growth is likely slow due to inflationary pressures. The company, which provides IT services to the life-sciences industry, said it expects combined organic and inorganic revenue for the … Read more

Teladoc loses $3 billion in three months, stock plummets 24%

Shares of Teladoc Health Inc. plunged more than 24% in after-hours trading Thursday after the telehealth company took another multibillion-dollar impairment charge, helping to bring its total losses for the first six months of the year up to nearly $10 billion. Teladoc TDOC, -19.09% executives disclosed a $3.0 billion goodwill impairment charge during the second … Read more

BT Books Slight 1Q Consensus Beats, With Enterprise Segment Under Pressure — Earnings Review

By Kyle Morris BT Group PLC reported results for its fiscal first quarter on Thursday. Here’s what we watched: REVENUE: Revenue for the quarter was 5.13 billion pounds ($6.24 billion). The UK telecom company’s revenue for the period was forecast at GBP5.10 billion, according to a company-provided consensus. For the first quarter a year earlier, … Read more

In a busy morning 3M announces healthcare spin off, mixed earnings and subsidiary’s voluntary bankruptcy

3M Co. was busy before market open Tuesday, announcing the planned spinoff of its healthcare business, second-quarter results, and the voluntary bankruptcy of the company’s Aearo Technologies subsidiary. Buoyed by the flurry of announcements, shares of 3M Co. mmm, +6.77% shot up as much as 8.6% to an intraday high of $145.70 moments after the … Read more

Walmart stock sinks after warning of inflation’s effects on earnings

Shares of Walmart Inc. sank 8% in after-hours trading Monday after the retail giant lowered its profit forecast, disclosing that inflation has required the company to conduct more markdowns. The company now expects adjusted earnings per share to fall by 8% to 9% for the fiscal second quarter and 11% to 13% for the full … Read more

Wizz Air to Book 1Q Net Reported Loss of EUR450 Mln

By Anthony O. Goriainoff Wizz Air Holdings PLC said Monday that it will book a net reported loss of around 450 million euros ($458.4 million) for the first quarter of fiscal 2023, and that it has adjusted flight schedules due to disruptions including slot-allocation issues and turnaround timings. “In total for the peak summer period … Read more

Dividend stocks are a top inflation-fighting investment you want in your corner now

Investors are too quick to shun dividend-paying stocks when inflation worsens. That’s because they’re focusing on too short of a time horizon. When measured over at least several years, dividends historically have done an admirable job of keeping up with inflation. To illustrate how the short term can lead you astray here, contrast the Dow … Read more