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Uber, Abiomed, Peloton, Carvana, Molson Coors and more

CFO News Room

SoFi – The fintech company jumped 10% on the back of a smaller-than-expected quarterly loss and revenue that exceeded analysts’ forecasts. Stryker – The medical technology company dropped 4% after cutting its outlook due to inflation and foreign exchange pressures. Eli Lilly – The drug manufacturer dropped 4.8%

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Five Key Trends to Watch in 2023

Bramasol

The McKinsey Global Economics Intelligence report says "Global forecasting institutions, such as the International Monetary Fund, the World Bank, and the OECD, as well as central banks, are trimming growth estimates to align with high inflation and slowing economic activity.". Global Inflation and Economic Uncertainty.

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Planful Perform 2021: Day 1 Packed in the Value for Finance and Accounting Professionals

Planful

Steinway & Sons covered how it uses Planful to automate reports, ease monthly manufacturing analysis, and generate granular unit sales forecasts. Topics included: Learning how to modernize beyond static annual plans and start to “Plan For Change With Rolling Forecasts.”. Watch the thought leader sessions here.

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All The World’s A Stage For (Prudent) FX Risk Management

PYMNTS

However, managing foreign exchange (FX) risk is part of the territory — and, as he told PYMNTS, a calculated approach to currency exposure is key. Bank forecasts can be useful for understanding the consensus, but not in planning for the future. For much of U.S. The short answer is: no. Many try, of course.

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Surviving the pandemic aftermath: an FP&A perspective

Future CFO

Forecasting will also become more challenging because COVID-19 has introduced a lot of uncertainties. For a dairy manufacturer, carrying out FP&A remotely is creating a different sort of challenge. A lot of FP&A depends on this type of data for forecasting. Then there is the issue with historical data.

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Why It’s Time To Stop Making FX The Corporate Earnings Scapegoat

PYMNTS

Granted, many companies already do a rough form of hedging by locating, say, manufacturing and other cost centers in certain countries, “but it’s not really efficient,” he said. “These long-term trends can derail a business irrespective [of] how they are performing in the local currency.”. Quantify Risk.