Medical Facilities First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St.
Shareholders in Suntec Real Estate Investment Trust (SGX:T82U) are in the red if they invested five years ago
For many, the main point of investing is to generate higher returns than the overall market. But the main game is to...
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Singtel's FY2024 earnings down 64% y-o-y to $795 mil, boosts full year dividend to 15 cents; announces new growth plan
Singtel is increasing dividend for the third year
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3 High Yield Dividend Stocks On SGX With Yields Up To 8.2%
As Singapore continues to embrace technological advancements, the recent unveiling of a Web3 digital banking platform by Alchemy Pay highlights the market's progressive adaptation to the evolving landscape of digital finance. In this dynamic environment, high-yield dividend stocks on the SGX offer investors potential stability and consistent returns, qualities that are particularly appealing amid the rapid changes in financial technology and payment systems.
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AMD Is a Distant No. 2 to Nvidia. Its Stock Could Be a Winner Anyway.
The company’s new AI chip looks like a runaway hit. Why the shares might resume their long-term rise.
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Trump Media stock slumps after reporting $327.6m first quarter loss, costing former president more than $766m
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Nvidia profits soar on demand for AI power
Nvidia said Wednesday its quarterly net profit rocketed by seven times year-on-year on demand for its chips to power artificial intelligence in data centers.The California-based company reported a net profit of $14.9 billion, while its revenue of $26 billion was almost four times what it took in during the same fiscal quarter last year.
Barrons.com
Nvidia Stock Rises as Earnings Beat High Expectations
Nvidia fulfilled the world’s high expectations with its April quarter results. “The next industrial revolution has begun,” CEO Jensen Huang said in the Wednesday earnings release. “Companies and countries are partnering with Nvidia to shift the trillion-dollar traditional data centers to accelerated computing and build a new type of data center—AI factories—to produce a new commodity: artificial intelligence.”
The Independent
Michigan man who had seizure on Royal Caribbean cruise forced to pay $2500 bill before evacuating
Vincent Wasney returned home from cruise in thousands of dollars of medical debt
Reuters
Canada's Power Corp shuts down China unit, lays off staff, sources say
Power Corporation of Canada (Power Corp) has shut its China investment unit and dismissed all staff, said two people briefed on the matter, becoming the latest Western financial firm to pull back amid the country's economic challenges. Power Sustainable, which is the asset management arm of Power Corp and manages $4.5 billion of assets globally, started laying off all of its 17 local staff in recent weeks as it moved towards shutting down the Shanghai-based unit, said the people. Economic slowdown has seen many of the Western financial firms that scrambled to expand China operations a few years ago take a hit on their earnings and rein in their ambitions for what was a key piece of their global growth strategy.
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Forget the S&P 500 ETF: These 3 US Stocks Gave Better Returns
Over the past five years, there were three US stocks that beat the 93% return of the SPDR S&P 500 ETF (NYSE: SPY). And no, they are not any of the Magnificent 7 stocks. The post Forget the S&P 500 ETF: These 3 US Stocks Gave Better Returns appeared first on The Smart Investor.
Reuters
Analysis-Bulls beat a path to China stock shop but foreigners dare not go in
Emboldened by China's latest measures and pledges to fix the weakest parts of its struggling economy, domestic investors are scooping up shares in a cheap stock market, while most foreign investors are hopeful but taking it slow. Last week's sweeping measures to support the property sector, which authorities dubbed as historic, were the latest in a series of steps China has taken since February in a bid to boost consumption, funnel state money into priority sectors and underpin the stock market. "To some extent, I think what's been announced isn't yet of a scale that is going to start putting a meaningful kind of tens of percentage points onto GDP," said Sunil Krishnan, head of multi-asset funds at Aviva Investors in London.
Reuters
Nvidia's strong forecast lifts shares of AI chipmakers
A stronger-than-expected revenue forecast from Nvidia after the bell on Wednesday lifted shares of the artificial-intelligence chipmaker and fueled gains in other chip and technology stocks. Shares of Nvidia were last up 3.5% while Advanced Micro Devices was up 1.2% and Broadcom was up 0.8% in after-hours trading. "I believe I heard a collective sigh of relief across Wall Street as many investors and analysts were nervous about Nvidia and the entire tech center ahead of this announcement," said Michael Schulman, chief investment officer at Running Point Capital.
Thomson Reuters StreetEvents
Q2 2024 Analog Devices Inc Earnings Call
Q2 2024 Analog Devices Inc Earnings Call
Reuters
Fed shifts talk to 'scenarios' as policy grows less certain
Federal Reserve Chair Jerome Powell said in a May 1 press conference he didn't want to talk about economic "hypotheticals," but that's what he and other U.S. central bank officials have shifted towards in discussing monetary policy that has hit an uncertain juncture in the effort to tame inflation. Dropping what had been explicit guidance about the likelihood of interest rate cuts this year, Powell and other Fed officials are instead focusing attention on broadly different near-term paths the economy might follow, and their likely reaction to each case. Former Fed officials and staffers with experience attending meetings of the policy-setting Federal Open Market Committee say that's a sign of just how uncertain policymakers feel right now and is meant to shift attention from the detailed economic and policy projections they produce each quarter and onto a wider array of potential outcomes.
Barrons.com
Tesla Stock Is Up Because the EV News From China Isn’t Always Bad
The stock rebounded from a Monday loss sparked by disappointing results from Li Auto. XPeng’s earnings were surprisingly strong.
Simply Wall St.
Exploring SGX Dividend Stocks With DBS Group Holdings And Two Others
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The Telegraph
Emerging markets are the next great stock market play
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Reuters
Dollar higher on US business activity boost
NEW YORK (Reuters) -The dollar rose against the euro on Thursday after data showed U.S. business activity accelerated to the highest level in just over two years in May, suggesting that economic growth picked up half-way through the second quarter. S&P Global said that its flash U.S. Composite PMI Output Index, which tracks the manufacturing and services sectors, jumped to 54.4 this month. "The currency action shows the market still responds to strong U.S. economic data in the expected way," said Marc Chandler, chief market strategist at Bannockburn Global Forex LLC.
Reuters
SingTel annual profit more than halves on $2.3 billion impairment hit
(Reuters) -Singapore Telecommunications' annual net profit more than halved on Thursday, hit by a previously announced S$3.1 billion ($2.30 billion) impairment charge, most of which relates to its Australian unit Optus. Optus, Australia's No.2 telecom operator, has been one of Singtel's biggest investments overseas but it has recently drawn public ire over court cases amid a cyber attack in 2022, a massive network outage and falling carriage revenue on increased costs. The S$3.1 billion charge includes a S$2 billion provision on goodwill of Optus while S$470 million relates to Optus' enterprise fixed access network assets.

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Medical Facilities (TSE:DR) First Quarter 2024 Results

Key Financial Results

Medical Facilities Revenues Beat Expectations, EPS Falls Short

Risk Analysis

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