Japan’s top currency official declined to comment on reports that the government intervened in the market to prop up the yen. Atsushi Mimura , vice finance minister for international affairs, said Friday that he wouldn’t comment on speculation that Japan had stepped into markets while reaffirming that Japan’s authorities are in close communication with their US counterparts. The yen was trading ar...
Japan’s top currency official declined to comment on reports that the government intervened in the market to prop up the yen. Atsushi Mimura , vice finance minister for international affairs, said Friday that he wouldn’t comment on speculation that Japan had stepped into markets while reaffirming that Japan’s authorities are in close communication with their US counterparts. The yen was trading around 157.24 per dollar on Friday morning in Tokyo after Mimura spoke. It reached 155.57 per dollar on Thursday, its strongest since late February. Read more: Yen Soars as Japan Likely Intervenes After ‘Final’ Warning Given Mimura also said that Japan is maintaining its readiness to intervene in the crude oil futures market, where authorities have been watching speculative moves affecting the currency. Japan’s Nikkei newspaper cited a government official saying that the government bought yen and sold dollars. Several traders and strategists also said the abruptness of the move indicated action. Economic officials in the US were notified ahead of Japan’s intervention, according to a person familiar with the matter.
Earnings Call Insights: ResMed (RMD) Q3 fiscal 2026 Management View “We delivered another set of strong results, including 11% growth in headline revenue or 8% growth on a constant currency basis… resulting in 21% growth in non-GAAP earnings per share,” said (CEO & Chairman Michael Farrell), while also announcing leadership change: “Brett will be retiring… and Aaron Bloomer has been appointed our ...
Earnings Call Insights: ResMed (RMD) Q3 fiscal 2026 Management View “We delivered another set of strong results, including 11% growth in headline revenue or 8% growth on a constant currency basis… resulting in 21% growth in non-GAAP earnings per share,” said (CEO & Chairman Michael Farrell), while also announcing leadership change: “Brett will be retiring… and Aaron Bloomer has been appointed our next Chief Financial Officer.” “Our gross margin expansion in the quarter was strong, 290 basis points year-over-year and 50 basis points of gross margin expansion sequentially,” (CEO & Chairman Farrell) said, adding, “we’ve continued the global rollout of our portfolio of novel fabric-based masks,” and citing adoption and compliance data: “the AirTouch N30i drives 6% higher 90-day compliance than its silicone equivalent.” “This week, we signed an M&A deal to acquire Noctrix,” (CEO & Chairman Farrell) said, describing it as “a strategic tuck-in acquisition,” and adding, “We expect to close this transaction on or around June 1, 2026.” “Group revenue for the March quarter was $1.43 billion,” said (Chief Financial Officer Brett Sandercock), and added, “Gross margin was 62.8% in the March quarter.” Outlook “Looking forward and subject to currency movements, we still expect gross margin to be in the range of 62% to 63% for fiscal year 2026,” (CFO Sandercock) said. “We plan to purchase shares to at least the value of $175 million during the fourth quarter of fiscal year 2026,” (CFO Sandercock) said. On the pending acquisition, “For Q4 FY ’26, we expect Noctrix Health to reduce non-GAAP EPS by approximately $0.02,” (CFO Sandercock) said. Financial Results “Group revenue for the March quarter was $1.43 billion… [and] gross margin was 62.8%,” (CFO Sandercock) said; “Operating margin improved to 36.7%,” and “Cash flow from operations for the quarter was $554 million.” “We ended the third quarter with a cash balance of $1.7 billion,” (CFO Sandercock) said, adding, “At March 31, we had...
In late April 2026, Microsoft reported fiscal third-quarter revenue of US$82,886 million and net income of US$31,778 million, with earnings per share rising versus a year earlier as cloud and AI demand lifted results. At the same time, management flagged plans for about US$190 billion of 2026 capital expenditures to expand AI and data center infrastructure, putting the scale and timing of returns ...
In late April 2026, Microsoft reported fiscal third-quarter revenue of US$82,886 million and net income of US$31,778 million, with earnings per share rising versus a year earlier as cloud and AI demand lifted results. At the same time, management flagged plans for about US$190 billion of 2026 capital expenditures to expand AI and data center infrastructure, putting the scale and timing of returns from this spending under sharper investor scrutiny. We’ll now examine how Microsoft’s planned...
Trigrey/iStock via Getty Images Once again, I fell into the trap of giving valuation too much importance. Back in February, I rated Seagate Technology Holdings plc ( STX ) as a Hold, citing a richer premium than its peers in the memory space despite having lower growth prospects. Interestingly, the stock has since outperformed the rest of the memory stocks (Micron ( MU ), Sandisk ( SNDK ), and Wes...
Trigrey/iStock via Getty Images Once again, I fell into the trap of giving valuation too much importance. Back in February, I rated Seagate Technology Holdings plc ( STX ) as a Hold, citing a richer premium than its peers in the memory space despite having lower growth prospects. Interestingly, the stock has since outperformed the rest of the memory stocks (Micron ( MU ), Sandisk ( SNDK ), and Western Digital ( WDC )), with the forward P/E multiple now sitting at 43x. The momentum in memory stocks is, in my view, the strongest tide that I see right now in the markets. I'm not saying it's not risky. In fact, as I'm writing, Sandisk (a stock that I also own) is down almost double-digits after a legendary "sell the news" drop after reporting strong results and guidance . In this piece, I discuss why I'm upgrading my rating on Seagate to a strong buy and why I bought the stock earlier in April. My Thoughts On The Fiscal Q3 Results Let me start with dessert. Seagate's fiscal Q3 revenue and non-GAAP EPS came in at $3.11B and $4.10 vs. the Street's expectations of $2.96B and $3.50. On the guidance for Q4 , management projected $3.45B ± $100m in sales and $5.00 ± $0.20 in non-GAAP EPS. The Street was looking for $3.16 in Q4 sales and $3.97 in non-GAAP EPS, so the quarter was a clear beat and raise. Were these numbers impressive enough? My answer is a rotund yes. Take a look at the chart below, showing the Street's sales models for the next 4 quarters. KoyFin Notice the upward revisions following the Q3 print. That's what I want to see in a growth stock like Seagate. If you’re curious, below is the same chart, but this time for EPS: KoyFin The reason I like Seagate and why I bought it earlier in April is due to the fact that the company is predominantly a data center storage story. The latest results confirm that. In Q3 FY26, the data center segment was 80% of total sales and 88% of total exabytes shipped. On top of that, I like how the company improved its balance sheet in ...
Amazon.com (NasdaqGS:AMZN) is expanding its logistics partnership with Rent-A-Center to support in-store pickup and returns. The collaboration covers more than 1,700 Rent-A-Center locations across the United States. Customers can pick up orders and return Amazon purchases at these stores without boxes or labels. For Amazon, known primarily for its online marketplace and Prime ecosystem, this move ...
Amazon.com (NasdaqGS:AMZN) is expanding its logistics partnership with Rent-A-Center to support in-store pickup and returns. The collaboration covers more than 1,700 Rent-A-Center locations across the United States. Customers can pick up orders and return Amazon purchases at these stores without boxes or labels. For Amazon, known primarily for its online marketplace and Prime ecosystem, this move extends its reach into physical retail locations through a partner network rather than its own...