Page 7 - Corporate Earnings
Intel raises sales forecast, second-half demand worries send shares down
(Reuters) -Intel Corp raised its annual revenue forecast above Wall Street expectations on Thursday, but Chief Executive Pat Gelsinger said the outlook for the chipmaker was still "supply constrained" and that it could take the industry two more years to catch up with rising chip demand.
 "Intel raises sales forecast, second-half demand worries send shares down")
Intel raises sales forecast, but supply constraint woes send shares down
(Reuters) -Intel Corp raised its annual revenue forecast above Wall Street expectations on Thursday, but Chief Executive Pat Gelsinger said the outlook for the chipmaker was still "supply constrained" and that it could take the industry two more years to catch up with rising chip demand.
B2B e-comm platform Indiamart's Q1 net profit rises 19% to Rs 88 cr
B2B e-commerce platform Indiamart Intermesh on Thursday posted a 19 per cent increase in consolidated net profit at Rs 88 crore for the quarter ended June 30, 2021.
 "B2B e-comm platform Indiamart's Q1 net profit rises 19% to Rs 88 cr")
IT firm Persistent Systems' Q1 net profit up 68% to Rs 151.2 crore
IT firm Persistent Systems on Thursday reported a 68 per cent jump in consolidated net profit to Rs 151.2 crore for the April-June quarter of this year.
CanFin Homes net rises to Rs 108.85 crore in June quarter
CanFin Homes on Thursday reported a nearly 17 per cent rise in its net profit at Rs 108.85 crore in the first quarter ended June 2021
Q1 results: HUL's net profit rises 10.7%, beats Street estimates
Health, hygiene and nutrition grow 16% over pre-Covid levels
 "Q1 results: HUL's net profit rises 10.7%, beats Street estimates")
Blackstone doubles second quarter earnings on surging asset sales
Blackstone's shares rose 4.5% on Thursday morning, pushing its market capitalization to a record high of $131 billion, overtaking Goldman Sachs Group Inc, another Wall Street heavyweight
 "Blackstone doubles second quarter earnings on surging asset sales")
Unilever second quarter underlying sales rise 5%, beats estimates
Unilever Plc on Thursday reported higher-than-expected underlying sales growth for the second quarter and first half as consumers cooked more meals at home
 "Unilever second quarter underlying sales rise 5%, beats estimates")
BSNL's consolidated loss narrows to Rs 7,441 crore in 2020-21: Official
State-run telecom firm BSNL has narrowed its consolidated loss to Rs 7,441.11 crore in the financial year ended on March 31, 2021, according to an official
 "BSNL's consolidated loss narrows to Rs 7,441 crore in 2020-21: Official")
Nokia plans to raise full-year outlook, citing strong second quarter
Nokia said on Tuesday it planned to raise its full-year outlook as business picked up pace in the second quarter, improving its expectations for the year
 "Nokia plans to raise full-year outlook, citing strong second quarter")
Earnings disappointment a risk for Indian equity investors, says JPMorgan
The Indian measure is trading at 20.8 times its forward earnings estimates for the next 12 months, during which member profits are expected to grow about 44%, according to data compiled by Bloomberg
 "Earnings disappointment a risk for Indian equity investors, says JPMorgan")
Second Covid-19 wave, higher input cost set to weigh on Q1 earnings
Nifty50 firms' net profit expected to decline 10.1% QoQ
 "Second Covid-19 wave, higher input cost set to weigh on Q1 earnings")
Levi Strauss forecasts upbeat full year as apparel demand bounces back
(Reuters) -Levi Strauss & Co on Thursday forecast a strong full-year profit after handily beating quarterly earnings estimates as demand for its jeans, tops, and jackets rebound quicker than expected across its markets.
 "Levi Strauss forecasts upbeat full year as apparel demand bounces back")
Correction in bank stocks offers a good entry point: Gautam Duggad, MOFSL
The banking space offers tremendous long term opportunities, especially large-cap banks like HDFC Bank, ICICI Bank, Axis Bank and State Bank of India, says Duggad
 "Correction in bank stocks offers a good entry point: Gautam Duggad, MOFSL")
Indian shares rise in choppy trading; cabinet reshuffle, earnings eyed
Indian shares edged higher on Wednesday in volatile trading, as financials helped offset a fall in auto stocks, while investors parsed through some corporate earnings that trickled in
 "Indian shares rise in choppy trading; cabinet reshuffle, earnings eyed")
Amid Covid, capital goods sector sees signs of hope
Indications of demand expansion for manufacturing companies, stronger balance sheets are some positives
 "Amid Covid, capital goods sector sees signs of hope")
Voda Idea cuts loss by 39.5% to Rs 7,022 cr on lower exceptional expenses
Posts highest-ever EBITDA margin, on the back of lower operating and exceptional expenses; lags peer on ARPU
 "Voda Idea cuts loss by 39.5% to Rs 7,022 cr on lower exceptional expenses")
Risk-reward in the market appears evenly balanced: Taher Badshah, Invesco MF
The overall economic and market set up is conducive for the mid-market segment to continue doing well, he said
 "Risk-reward in the market appears evenly balanced: Taher Badshah, Invesco MF")
Demand recovery key to Apollo Tyres' aggressive $5 billion revenue target
Street will watch out for capital allocation, deleveraging progress
 "Demand recovery key to Apollo Tyres' aggressive $5 billion revenue target")
A sharp turnaround
India Inc remains cautious after a robust Q4 performance
 "A sharp turnaround")
