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Arcos Dorados Q2 Net Profit Declines
(RTTNews) - Arcos Dorados Holdings, Inc. (ARCO), a restaurant chain and McDonald's franchisee, reported Wednesday that net income attributable to the company for the second quarter declined to $26.63 million or $0.13 per share from $28.37 million or $0.13 per share in the prior-year quarter.
On average, three analysts expected the company to report earnings of $0.13 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
Total revenues for the quarter grew 6.8 percent to $1.11 billion from $1.04 billion in the same quarter last year. However, it surged 49.0 percent in constant currency. Systemwide comparable sales grew 40.8 percent. Analysts' expected revenues of $1.06 billion for the quarter.
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Arcos Dorados Q1 Profit Declines
Arcos Dorados Holdings, Inc. (ARCO), a restaurant chain and McDonald's franchisee, reported Wednesday that net income attributable to the company for the first quarter declined to $28.51 million or $0.14 per share from $37.41 million or $0.18 per share in the prior-year quarter.
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323 dias atrás
Australian Market Extends Early Losses In Mid-market
The Australian stock market is extending its early losses in mid-market moves on Friday, adding to the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling almost 2 percent to stay just above the 7,700 level, with weakness across most sectors led by energy and technology stocks.
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4 h 41 min atrás
Sensex, Nifty Seen Lower At Open As Global Sell-off Deepens
Indian shares may follow global peers lower on Friday, even as a weakening dollar, plunging oil prices and expectations for accelerated Federal Reserve interest-rate cuts may help cap overall losses to some extent.
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4 h 48 min atrás
Japanese Market Sharply Lower; Down 2.4%
Extending the sharp losses in the previous session, the Japanese market is sharply lower on Friday, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling 2.4 percent to below the 33,900 level, with weakness across most sectors led by index heavyweights, financial and technology stocks.
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5 h 52 min atrás
Australian Market Sharply Lower
The Australian stock market is trading sharply lower 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 well below the 7,800 level, with weakness across most sectors led by energy and technology stocks.
RTTNews
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6 h 19 min atrás
Thai Shares Tipped To Open Under Water Again On Friday
The Thai stock market on Thursday ended the two-day winning streak in which it had advanced almost 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,160-point plateau and it's looking at another soft start again on Friday.
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6 h 20 min atrás
Soft Start Expected For Singapore Stock Market
The Singapore stock market has tracked lower in four straight sessions, slumping almost 40 points or 1 percent along the way. The Straits Times Index now sits just above the 3,940-point plateau and it figures to open in the red again on Friday.
The global forecast for the Asian markets is broadly negative after U.S. President Donald Trump's tariff announcement. The European and U.S. markets were sharply lower and the Asian bourses are expected to open in similar fashion.
The STI finished modestly lower on Thursday following losses from the banks and mixed performances from the properties and industrials.
For the day, the index lost 11.98 points or 0.30 percent to finish at 3,942.23 after trading between 3,902.98 and 3,955.04.
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6 h 50 min atrás
Malaysia Bourse May Give Up Support At 1,500 Points
The Malaysia stock market has moved lower in two of three trading days since the end of the three-day winning streak in which it had picked up more than 30 points or 2 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,520-point plateau and it may take further damage again on Friday.
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7 h 20 min atrás
