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The Latest Breaking News from Financial Services

Congress members tiptoeing into crypto raise conflict concerns

As efforts to regulate the rapidly-growing cryptocurrency market increase, some observers are raising concern about the rising number of U.S. lawmakers beginning to dabble in digital assets.

Tribune News Service

PACCAR Q1 Earnings Beat Estimates

PACCAR Q1 Earnings Beat Estimates

PACCAR Inc (NASDAQ:PCAR) reported first-quarter FY22 sales growth of 10.6% year-on-year, to $6.47 billion, beating the consensus of $5.91 billion. Net sales and revenues from Truck, Parts, and Other improved 12.8% to $6.1 billion, and the corresponding gross margins were 13.4%. Revenues from Financial Services fell 15% to $366.2 million. Revenue from U.S.…

Why Are Accenture Shares Trading Higher Today

Why Are Accenture Shares Trading Higher Today

Accenture PLC (NYSE:ACN) reported second-quarter FY22 revenue growth of 24% year-on-year to $15.05 billion, beating the consensus of $13.44 billion. New bookings increased 22% Y/Y to $19.6 billion. Consulting revenues rose 29% Y/Y to $8.32 billion, and Outsourcing revenues increased 19% Y/Y to $6.72 billion. Geographic Market Revenue: North American market revenue grew 26%…

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CNH Industrial Registers 7% Revenue Growth In Q4

CNH Industrial NV (NYSE:CNHI) reported fourth-quarter revenue growth of 6.8% year-over-year to $9.07 billion, +9% on a constant currency basis. Net sales of Industrial Activities was $8.55 billion, an increase of 6% Y/Y and +9% on a constant currency basis. Segment Revenue: Agriculture $4.15 billion (+21.2% Y/Y), Construction $844 million (+12.2% Y/Y), Commercial and…

Sony Clocks 13% Sales Growth In Q3 Backed By Spiderman Movie, Apple iPhone Image Sensors

Sony Group Corp (NYSE:SONY) reported third-quarter FY21 sales growth of 13% year-on-year to ¥3.03 trillion. Significant increases in Pictures, I&SS, Financial Services, and Music segments drove the increase. Spider-Man: No Way Home and sales of image sensors used in Apple Inc’s (NASDAQ:AAPL) iPhones played a vital role in the growth trajectory, Bloomberg reports. Sony sold 3.9…

IHS Markit Q4 Earnings Beat Estimates

IHS Markit Ltd (NYSE:INFO) reported fourth-quarter revenue growth of 6% year-over-year to $1.18 billion and 10% on an organic basis, beating the consensus of $1.14 billion. Sales by segments: Financial Services $473 million (+3% Y/Y); Transportation $351 million (+12% Y/Y); Resources $215 million (+2 Y/Y); and Consolidated Markets & Solutions $137 million (+9%…

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