Amazon.com posted impressive earnings results Wednesday , and Wall Street is betting that the print only marks the beginning of a much longer stretch of strength for the hyperscaler. The technology firm on Wednesday clocked $181.52 billion in revenue for the first quarter versus the $177.3 billion expected by analyst polled by LSEG. Earnings came in at $2.78 per share, topping the Street's consens...
Amazon.com posted impressive earnings results Wednesday , and Wall Street is betting that the print only marks the beginning of a much longer stretch of strength for the hyperscaler. The technology firm on Wednesday clocked $181.52 billion in revenue for the first quarter versus the $177.3 billion expected by analyst polled by LSEG. Earnings came in at $2.78 per share, topping the Street's consensus estimate of $1.64 per share. Amazon Web Services also accelerated to 28% quarter over quarter, largely due to its core workload shift and Trainium chip business that is gaining ground amid rising artificial intelligence demand. On top of that, the company also raised its forecast for second-quarter revenue to between $194 billion and $199 billion. Amazon shares initially popped more than 4% on Thursday before giving back that gain. "AMZN is adding the most AI capacity of any company over the next few years, and as the coming wave of Agentic AI products take form, all roads lead to AWS," Barclays analyst Ross Sandler said Thursday in a note to clients. The bank has an overweight rating on Amazon. It also raised its price target on shares to $330 from $300, suggesting 25% upside from Wednesday's close. The analyst's comment comes as Amazon races against other Big Tech companies to lead the AI industry amid its ongoing boom in the industry. By the end of this year, the four major hyperscalers, Alphabet , Microsoft , Meta and Amazon , are expected to spend a combined $700 billion to drive their AI build-outs. Here's what other analysts had to say about Amazon stock after the company's better-than-expected earnings report. Citi: buy, $285 Analyst Jake Hallac's price target on shares is 8% above Wednesday closing price. "We justify our valuation approach givenAWS' accelerating growth, improving capacity visibility, expanding backlog, and continued margin progress across retail and advertising. We note Amazon's leading position within AWS and eCommerce, its Prime membership bas...
Fomento Economico Mexicano press release ( FMX ): Q1 net income of Ps.17.64B Revenue of Ps.207.78B (+6.1% Y/Y). More on Fomento Economico Mexicano FEMSA: Proximity Growth At An Attractive Valuation Fomento Económico Mexicano, S.A.B. de C.V. (FMX) Q4 2025 Earnings Call Transcript Fomento Economico Mexicano Q1 2026 Earnings Preview FEMSA targets 1,000 new OXXO Brazil stores and 1/3 Bara expansion in...
Fomento Economico Mexicano press release ( FMX ): Q1 net income of Ps.17.64B Revenue of Ps.207.78B (+6.1% Y/Y). More on Fomento Economico Mexicano FEMSA: Proximity Growth At An Attractive Valuation Fomento Económico Mexicano, S.A.B. de C.V. (FMX) Q4 2025 Earnings Call Transcript Fomento Economico Mexicano Q1 2026 Earnings Preview FEMSA targets 1,000 new OXXO Brazil stores and 1/3 Bara expansion in 2026 as restructuring drives MXN 1B annualized savings Seeking Alpha’s Quant Rating on Fomento Economico Mexicano
A group of Air Baltic Corp ’s bondholders have hired legal advisers as Latvia’s state-backed airline scrambles to deal with its dwindling cash reserves and soaring fuel prices. The law firm Hogan Lovells has been selected by bond investors to provide advice ahead of potential negotiations over the terms of the debt, according to people familiar with the matter, speaking on condition of anonymity. ...
A group of Air Baltic Corp ’s bondholders have hired legal advisers as Latvia’s state-backed airline scrambles to deal with its dwindling cash reserves and soaring fuel prices. The law firm Hogan Lovells has been selected by bond investors to provide advice ahead of potential negotiations over the terms of the debt, according to people familiar with the matter, speaking on condition of anonymity. Air Baltic’s €380 million ($445 million) bonds coming due in August 2029 trade at deeply distressed levels. The notes started the year marked around par, but are now quoted at 31 cents on the euro, according to price data compiled by Bloomberg. A spokesperson for Air Baltic declined to comment, and a representative of Hogan Lovells didn’t respond to a request for comment. Even before the war in Iran sent fuel prices soaring, Air Baltic was in need of a cash injection of as much as €150 million to see it through to 2027. Now the company faces even more pressure. It recently received a €30 million loan from the Latvian government to help steady its finances. Read More: Latvian Parliament Approves €30 Million Loan for Air Baltic Still, the airline’s “liquidity position remains strained” and its ability to meet short-term financial obligations are challenged, according to S&P Global Ratings. It lowered its assessment of Air Baltic one notche to CCC+ last week and warned of a “high risk of a debt restructuring.” The bond carries an annual interest rate of 14.5% and one of the quarterly payments is due on May 14. Air Baltic is working with Seabury Securities , a specialist aviation sector financial and strategic adviser, to help improve its financial performance and strengthen its capital structure, the company said in a statement on April 8.
Sign up now! Sign up now! Sign up now? Sign up now! When Scott Parker led Burnley out of the Championship and into the Premier League last season, he did so with a side showcasing the kind of defensive resilience more readily associated with a medieval fortress, although with more expensive haircuts and less reliance on cauldrons of boiling oil. His team lost just two of their 46 matches, were unb...
Sign up now! Sign up now! Sign up now? Sign up now! When Scott Parker led Burnley out of the Championship and into the Premier League last season, he did so with a side showcasing the kind of defensive resilience more readily associated with a medieval fortress, although with more expensive haircuts and less reliance on cauldrons of boiling oil. His team lost just two of their 46 matches, were unbeaten at home, kept a quite remarkable 30 clean sheets and notched up a combined total of 20 1-0 wins and scoreless draws. So while attending one of their games was about as exciting as reading an air-fryer instruction manual, they were devastatingly resolute. To nobody’s great surprise, they were immediately installed as the white-hot favourites to go straight back down before a ball had even been kicked. I read with interest that David Brent School of Management’s Glenn Hoddle was fishing for the Tottenham job ( yesterday’s Quote of the Day ). Is that a sign of how far Spurs have fallen, or was he trying to pay for sins in a prior life?” – Neale Redington. Can I point out Football Daily’s arrogance in dismissing the entertainment value of a proper match (sans £ billions), in which the mighty Vale handed out a schoolin’ to the resurgent Stockport County on a sunny evening in Edgeley ( yesterday’s Football Daily )? I haven’t watched the pompfest in foreign climes you referenced, but it couldn’t have been a patch on what Pep Guardiola was fortunate enough to choose” – John Timmins. Your reader Ken Muir’s observation that Hearts teams are sweeping all before them this season ( yesterday’s Football Daily letters ), brings to mind an old chestnut. An Englishman goes into a pub in Edinburgh and asks a local: ‘What colour do Hearts play in?’ ‘It’s maroon …’ comes the answer. ‘Thank you! I’ll have a gin and tonic please!’ And I’ll get my coat …” – Allastair McGillivray. Continue reading...
Primech ( PMEC ) said on Thursday that two of its wholly owned subsidiaries have been awarded separate three-year industrial cleaning service contracts in Singapore with a combined estimated value of approximately $3.45 million. Revenue from the contracts will be recognized monthly over the contract terms. Contract details: Maint-Kleen Pte Ltd secured a three-year contract with an estimated value ...
Primech ( PMEC ) said on Thursday that two of its wholly owned subsidiaries have been awarded separate three-year industrial cleaning service contracts in Singapore with a combined estimated value of approximately $3.45 million. Revenue from the contracts will be recognized monthly over the contract terms. Contract details: Maint-Kleen Pte Ltd secured a three-year contract with an estimated value of about $1.4 million to provide ongoing cleaning services across industrial property sites. Primech A & P secured a three-year contract with an estimated value of about $2.0 million to provide integrated cleaning services at a major industrial and business hub in Singapore. More on Primech Holdings Financial information for Primech Holdings