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Millicom International Swings To Profit In Q2
(RTTNews) - Millicom International Cellular S.A. (TIGO) reported Friday net profit for the second quarter of $78 million or $0.46 per share, compared to a net loss of $22 million or $0.13 per share in the prior-year quarter.
Revenues for the quarter grew 4.7 percent to $1.46 billion from $1.39 billion in the same quarter last year. Organic revenue was up 1.4 percent.
On average, analysts expected the company to report earnings of $0.50 per share on revenues of $1.48 billion for the quarter, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
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China Manufacturing Activity Slips Into Contraction
China's factory activity contracted in July as softening new orders forced manufacturers to scale back production and staffing, purchasing managers' survey results from S&P Global showed on Friday. The manufacturing Purchasing Managers' Index fell to 49.5 in July from 50.4 in June. The latest score suggested contraction in the sector.
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11 minutos atrás
European Economic News Preview: Eurozone Flash Inflation Data Due
Flash inflation and final Purchasing Managers' survey data from the euro area are the top economic news due on Friday. At 2.00 am ET, UK Nationwide house price data is due. House prices are forecast to rise 2.1 percent on a yearly basis in July, the same rate as seen in June. At 3.15 am ET, S&P Global publishes Spain's manufacturing PMI data. The index is forecast to rise to 51.7 in July.
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42 minutos atrás
European Shares Set For Weak Start As Trump's New Tariffs Kick In
European stocks may drift lower at open on Friday after U.S. President Donald Trump signed a new executive order that imposes fresh import tariffs on a vast array of goods coming from 69 countries and the European Union.
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1 h 14 min atrás
Sensex, Nifty Open Lower On Economic Concerns
Indian shares were a tad lower on Friday due to concerns over U.S. tariffs and the likely impact on the country's GDP growth.
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2 h 6 min atrás
Australian Market Maintains Early Losses In Mid-market
The Australian stock market is maintaining its early losses in mid-market moves on Friday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,700 level, with weakness across most sectors led by energy and technology stocks.
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3 h 17 min atrás
Asian Markets Mixed Amid Tariff Uncertainty
Asian stock markets are trading mixed on Friday, following the broadly negative cues from Wall Street overnight, as uncertainty over US reciprocal tariffs still lingers with less than a day remaining for the crucial deadline for negotiations to reach a trade deal expires. US President Donald Trump's revised tariffs on several countries lacking deals are set to be fixed between 10 and 41 percent.
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3 h 36 min atrás
Sensex, Nifty Set To Extend Losses On Economic Concerns
Indian shares are seen opening lower on Friday as concerns over U.S. tariffs and economic growth overshadow positive earnings from major tech companies.
RTTNews
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3 h 57 min atrás
Japanese Market Notably Lower
Reversing the gains in the previous session, the Japanese market is notably lower on Friday, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling below the 40,700 level, with weakness in financial and technology stocks partially offset by gains in exporters and automaker stocks.
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5 h 13 min atrás
