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Why Have Shrinking Net Interest Margins Not Dragged Down HSBC’s Revenues?

“Net Interest Income represents the interest earned by a bank through loans and other assets net of any interest it pays to deposit holders” writes Trefis Team for nasdaq.com. HSBC’s (NYSE: HSBC) net interest income has remained flat over the first nine months of 2019 compared to the same period last year despite falling a notable reduction in its net interest margin figure.The primary reason behind HSBC’s stable net interest income has been stronger growth in the bank’s Interest-Earning Assets compared to its Interest-Bearing Liabilities.Interest-earnings assets have increased by $88…

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Cisco forecast disappoints as global worries weigh on client spending

“Excluding items, Cisco earned 84 cents per share and beat estimates of 81 cents” writes Min Read for reuters.com. The company’s software and cyber security businesses helped the Dow-component beat estimates for the first quarter ended Oct. 26.(Reuters) – Cisco Systems Inc (CSCO.O) on Wednesday forecast second-quarter revenue and profit below expectations as increasing global economic uncertainties kept clients away from spending more on its routers and switches.Cisco expects revenue in the current quarter to drop by 3% to 5% from a year earlier to between $12.07 billion to $11.82…

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Google Cloud could lose its third-place spot in the cloud wars to Chinese giant Alibaba, a new report says

“And, like Amazon, Alibaba expanded in 2009 into cloud computing with the formation of its Alibaba Cloud unit” writes Rosalie Chan for businessinsider.com. A Google Cloud spokesperson declined to comment further on the report, beyond pointing out its revenue run rate.Google Cloud will need to watch its back because next year, Alibaba will likely steal its third place spot in the cloud wars against Amazon and Microsoft, according to a new Forrester report.Still, Bartoletti says, Google Cloud won’t have to worry too much about competition from Alibaba when it comes…

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Newspaper publisher McClatchy warns of ‘liquidity challenge’

“Revenue fell 12% to $167.4 million, as advertising revenue declined 19% to $76.8 million and audience revenue dropped 6.8% to $78.3 million” writes Reporter Editor for marketwatch.com. Shares of McClatchy Co. sank Wednesday, after the publisher of local newspapers warned that it faced a “liquidity challenge” next year following an unfavorable ruling associated with required contributions to its under-funded pension plan.The amount due “greatly exceeds” anticipated cash balances and cash flow, creating “a significant liquidity challenge” for next year. Source: marketwatch.com

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Canada Goose’s stock surges after profit and revenue rise well above expectations

“Wholesale revenue rose 22% to CAD$219.8 million, above the FactSet consensus of CAD$193.5 million, and direct-to-consumer (DTC) revenue jumped 47% to CAD$74.2 million to beat expectations of CAD$73.7 million” writes Reporter Editor for marketwatch.com. GOOS, -0.28% surged 5.3% in premarket trading Wednesday, after the Canada-based luxury outdoor apparel maker reported fiscal second-quarter earnings that rose well above expectations. Source: marketwatch.com

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Luckin Coffee’s stock shoots up after revenue rises above expectations

“Revenue rose to RMB1.54 billion ($219.6 million) from RMB240.8 million, to beat expectations of RMB1.47 billion” writes Reporter Editor for marketwatch.com. LK, +1.17% shot up 7.6% in premarket trading Wednesday, after the China-based coffee seller reported wider third-quarter loss but revenue that rose above expectations. Source: marketwatch.com

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Homology Medicines Reports Q3 Loss, Tops Revenue Estimates

“Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately” writes Zacks Equity Research for nasdaq.com. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions.Ahead of this earnings release, the estimate revisions trend for Homology Medicines was mixed.Homology Medicines, which belongs to the Zacks Medical – Generic Drugs industry, posted revenues of $0.44 million for the quarter ended September 2019, surpassing the Zacks Consensus Estimate by 17.60%. Source: nasdaq.com

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ChromaDex Reports Q3 Loss, Tops Revenue Estimates

“Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately” writes Zacks Equity Research for nasdaq.com. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions.Ahead of this earnings release, the estimate revisions trend for ChromaDex was mixed.ChromaDex, which belongs to the Zacks Medical – Biomedical and Genetics industry, posted revenues of $12.05 million for the quarter ended September 2019, surpassing the Zacks Consensus Estimate by 3.42%. Source: nasdaq.com

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Skyworks Solutions shares slip 4% on big drop in revenue

“SWKS, +1.21% shares slipped 4% in after-hours trading Tuesday after the semiconductor company reported a big drop in fourth-quarter revenue year-over-year” writes Senior Reporter for marketwatch.com. Skyworks shares are up 51% this year.Skyworks reported net income of $210.6 million, or $1.22 a share, compared with net income of $285.5 million, or $1.58 in the year-ago period.Adjusted for one-time items, the company reported earnings of $1.52 a share, compared with $1.94 a share a year ago.Analysts surveyed by FactSet had expected adjusted earnings of $1.50 a share on revenue of $825…

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SmileDirectClub loss widens for quarter as revenue surges

“SmileDirectClub Inc. reported a wider loss late Tuesday as revenue soared, but third-quarter results were still better than Wall Street expected from the dental products company” writes Wallace Witkowski for marketwatch.com. Read: SmileDirectClub stock falls then recovers after scathing report from short seller SmileDirectClub expects full-year revenue of $750 million to $755 million for the year, while analysts forecast revenue of $746.5 million. “Q3 was a good quarter.Analysts surveyed by FactSet had forecast earnings of 97 cents on revenue of $165.4 million. Source: marketwatch.com

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