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RBI issues revised norms for classification, valuation of investment by banks

CFO News

As per the revised norms, banks will have to classify their entire investment portfolio under three categories -- Held to Maturity (HTM), Available for Sale (AFS) and Fair Value through Profit and Loss (FVTPL).

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DraftKings, Cinemark, Hershey and more

CFO News Room

in premarket trading despite reporting a smaller-than-expected quarterly loss and revenue that topped Wall Street forecasts. after reporting better-than-expected quarterly revenue, even though its loss was larger than analysts had anticipated. Hershey’s improved outlook signals strong Halloween candy sales. Warner Bros.

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The Best Time to Make a Profit is ALWAYS

Michigan CFO

And in Q1 of 2017, investors were pleased the company reduced its quarterly loss to $708M from the Q4 2016 loss of $991M. From CNNtech: “To many readers, the loss is nothing short of staggering. Losses down, even though they keep investing heavily around the world.” The time to be profitable is ALWAYS.

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Sneaker Sales Propel 3Q Surge In Under Armour Earnings

PYMNTS

Sportswear giant Under Armour reported a third-quarter profit of $38.9 The Baltimore-based chain also announced the sale of its MyFitnessPal workout platform to private-equity firm Francisco Partners. The Asia-Pacific region saw a 15 percent jump in sales. The deal is valued at up to $345 million.

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Deere, HP, Nordstrom and others

CFO News Room

Check out the companies making headlines before the bell: Deere (DE) – The heavy equipment maker reported better-than-expected profit and revenue for its latest quarter and issued an upbeat outlook. Deere said it benefited from positive farm fundamentals and increased infrastructure investment. Its stock jumped 4.2%

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Meta, Amazon, Snap, Pinterest: What to Watch in the Stock Market Today

CFO News Room

Technology shares are leading losses after Facebook parent Meta Platforms surprised investors with a bigger-than-expected profit drop. billion profit in the recent quarter. Eli Lilly reported quarterly profit and revenue that beat forecasts. ConocoPhillips reported a $2.6 Chart of the Day.

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Tapestry, WeWork, Rivian and others

CFO News Room

Nio (NIO) – The China-based electric car maker posted a wider-than-expected quarterly loss, but said it expected deliveries to nearly double in the current quarter from a year ago. in the premarket after it reported a wider-than-expected quarterly loss. AstraZeneca’s results got a boost from strong sales of its cancer drugs.