In this article .KS11 Follow your favorite stocks CREATE FREE ACCOUNT IBARAKI, JAPAN - JUNE 17: Technicians at work in the clean room of the Fab Equipment at a semiconductor company, Renesas Technology Corp. on June 17, 2004 in Ibaraki, Japan. Renesas is the first company to produce semiconductor products from 300mm wafer in the world. (Photo by Koichi Kamoshida/Getty Images) Koichi Kamoshida | Ge...
In this article .KS11 Follow your favorite stocks CREATE FREE ACCOUNT IBARAKI, JAPAN - JUNE 17: Technicians at work in the clean room of the Fab Equipment at a semiconductor company, Renesas Technology Corp. on June 17, 2004 in Ibaraki, Japan. Renesas is the first company to produce semiconductor products from 300mm wafer in the world. (Photo by Koichi Kamoshida/Getty Images) Koichi Kamoshida | Getty Images Entertainment | Getty Images Asia-Pacific markets rebounded Wednesday after statements from U.S. President Donald Trump raised hopes that the Iran war could be coming to an end soon. On Tuesday stateside, Trump said the U.S. could leave Iran in "two or three weeks," adding "We leave because there's no reason for us to do this." U.S. crude futures were up 0.44% at $101.81 a barrel as of 7.40 p.m. ET. South Korea's Kospi led gains in the region, surging almost 5% in early trade, while the small-cap Kosdaq gained 4.13%. Stocks rose as South Korean exports in March surged 48.3% year on year compared to Reuters poll estimates of 44.9%. Japan's Nikkei 225 also saw a 3.51% gain, with the broad based Topix up 3.17%. The Bank of Japan released its Tankan survey for the first quarter of 2026, which measures business sentiment among large Japanese companies. Business optimism among large Japanese manufacturers climbed to 17 from 15, beating expectations of 16 from economists polled by Reuters and reaching its highest level since the fourth quarter of 2021. Large non-manufacturers' business sentiment stood at 36, holding at a multi-decade high as per LSEG data, and same as last quarter's revised 36 . That also defied Reuters poll expectations of 33. Australia's S&P/ASX 200 was 1.76% higher, driven by a rise in educational services stocks. Hong Kong's Hang Seng index futures last traded at 25,191, compared with HSI's last close of 24,788.14. Overnight in the U.S., all three major indexes posted their best day since May, with the Dow Jones Industrial Average was up 2.49%. The ...
(RTTNews) - Australian shares are trading sharply higher on Wednesday, extending the gains in the previous session, with the benchmark S&P/ASX 200 moving above the 8,600 level, following the broadly positive cues from Wall Street overnight, with gains across most sectors led by m
(RTTNews) - Australian shares are trading sharply higher on Wednesday, extending the gains in the previous session, with the benchmark S&P/ASX 200 moving above the 8,600 level, following the broadly positive cues from Wall Street overnight, with gains across most sectors led by m
Earnings Call Insights: NIKE, Inc. (NKE) Q3 fiscal 2026 Management View "Last quarter, we said we were in the middle innings of our comeback. Since then, we have continued to take meaningful actions to improve the health, quality and foundation of our business." (CEO, President & Director Elliott Hill) "One of the most important actions we took this quarter was further removing unhealthy inventory...
Earnings Call Insights: NIKE, Inc. (NKE) Q3 fiscal 2026 Management View "Last quarter, we said we were in the middle innings of our comeback. Since then, we have continued to take meaningful actions to improve the health, quality and foundation of our business." (CEO, President & Director Elliott Hill) "One of the most important actions we took this quarter was further removing unhealthy inventory of our classic footwear franchises from the marketplace. That created roughly a 5-point headwind to our reported results. It was intentional. It was necessary." (CEO, President & Director Hill) "NIKE Running up over 20% for the quarter." (CEO, President & Director Hill) "Our new Nike Mind platform with over 150 patents filed globally was the highlight of the quarter... The Mind 001 sold out in all geographies." (CEO, President & Director Hill) "We responded by doubling production of NIKE Mind over the next 2 seasons to meet demand from more than 2 million consumers who signed up for notify me on NIKE.com." (CEO, President & Director Hill) "You saw the early signs of those actions this quarter, and it is a critical step in our return to double-digit EBIT margins." (CEO, President & Director Hill) "For this quarter, revenues were flat on a reported basis and down 3% on a currency-neutral basis." (Executive VP & CFO Matthew Friend) "Gross margins declined 130 basis points to 40.2% on a reported basis, primarily due to 300 basis points associated with higher tariffs in North America." (Executive VP & CFO Friend) "Let me provide some additional context on the $230 million charge we incurred this quarter due to employee-related severance costs primarily in supply chain and technology." (Executive VP & CFO Friend) Outlook "We expect revenues in Q4 to be down 2% to 4%." (Executive VP & CFO Friend) "We expect Greater China to be down approximately 20% in the fourth quarter, reflecting reduced sell-in... as well as accelerated actions to clean up the marketplace." (Executive VP & CF...