Sprint generated total net operating revenues of ~$7.9 billion in fiscal 2Q17, a decrease of ~3.9% on a YoY basis.
Sprint’s (S) solid fiscal 2Q17 results suggest that its turnaround is on track and the company is indeed holding its own in an intensely competitive wireless environment.
Signet Jewelers (SIG) stock fell 30.4% on November 21, reporting a loss of $0.10 per share in fiscal 3Q18. Analysts expected SIG to post a profit of $0.10 per share.
According to the latest report from NAR, existing home sales have risen 2% to a seasonally adjusted annual rate of 5.48 million in October.
In October 2017, building permits were at a seasonally adjusted rate of 1.297 million—an increase of 5.9% from the reading of 1.225 million in September.
In October 2017, housing starts rebounded sharply from the slump in September. October housing starts beat the market’s expectations.
Teva is actively making progress toward divestiture opportunities. In November 2017, it divested Paragard to Cooper Surgical for $1.1 billion.
Teva’s Women’s Health segment reported 3Q17 revenues of $119 million, which was ~9% higher YoY (year-over-year) and 3% higher QoQ (quarter-over-quarter).
Teva’s Respiratory segment reported 3Q17 revenues of $351 million, which was ~30% higher YoY (year-over-year) and ~9% higher QoQ (quarter-over-quarter).
Teva CNS drugs generated 3Q17 revenues of $1.1 billion, which was ~12% lower YoY (year-over-year) and ~1% lower QoQ (quarter-over-quarter).
Teva’s Generic Medicine segment generated 3Q17 revenues of $3.0 billion, which was ~8% higher YoY (year-over-year) but ~2% lower QoQ (quarter-over-quarter).
Teva (TEVA) reported 3Q17 revenues of $5.6 billion, which represents a ~1% YoY (year-over-year) rise but a 1% QoQ (quarter-over-quarter) fall.
Looking at U.S. Steel Corporation’s guidance, its 4Q17 shipments could be flat compared to its shipments in 3Q17.
Graphite electrode prices have risen this year due to capacity curtailments in China. Cathode availability has also impacted steelmakers.
Looking at ArcelorMittal’s guidance, its 4Q17 steel shipments could be higher compared to 4Q16.
While US steel producers were reasonably optimistic about the US steel demand outlook, they lamented higher imports.
The Trump Administration ordered a probe under Section 232 of the Trade Expansion Act of 1962 to see if steel imports threaten US national security.
So far, the US steel industry is having a tepid year. Most US-based steel producers are trading with year-to-date losses.
Early in 2017, Jeffries stated that Intel stands to lose in AI, while NVIDIA stands to be the biggest beneficiary. But Intel has now upped the ante.
NVIDIA chief Jensen Huang stated that even with Raja Koduri’s efforts, it would take Intel at least three years to introduce a new GPU design to the market.