Worries about the U.S.-China trade war are running high during the current U.S. ...
- Worries about the U.S.-China trade war are running high during the current U.S. quarterly reporting season, with companies as diverse as Juniper Networks and O’Reilly Automotive bemoaning the consequences but saying they are finding ways to weather the storm.
Tariffs were mentioned in about a third of conference calls held by S&P 500 companies reporting their quarterly results through July 26, according to FactSet. The 71 firms flagging tariffs were up from the 50 companies discussing tariffs in the same time frame in the first-quarter season, but less than the 99 a year ago when tariffs were an emerging issue for U.S. corporations.
Network gear maker Juniper Networks Inc on Thursday missed the mid-point of its margin guidance due to the tariffs, saying it expected pressure to continue, even as it manages its operating expenses to mitigate the damage. Roughly 76% of the 222 companies that have reported as of Monday morning have beaten analysts’ earnings expectations, in line with the recent trend.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asia stocks set to trade lower as US-China trade talks resumeStocks in Asia were set to trade lower on Monday as U.S.-China talks resume in Beijing later this week amid low expectations for a major breakthrough.
Read more »
Asia markets set to trade mixed ahead of trade talks, central bank decisionsStocks in Asia Pacific were set to trade mixed on Tuesday as investors await developments from U.S.-China trade talks this week in Shanghai as well as monetary policy decisions from major central banks.
Read more »
Beijing says millions of tonnes of U.S. soy shipped to China in trade consensusThe United States has shipped several million tonnes of soybeans to China since ...
Read more »
Beijing says millions of tonnes of U.S. soy shipped to China in trade consensusThe United States has shipped several million tonnes of soybeans to China since the two countries&39; leaders met in June, Chinese state media said on Sunday, an apparent sign of goodwill before trade talks in Shanghai this week. The U.S.-China trade war has curbed the export of U.S. crops to China
Read more »
U.S., China move trade talks to Shanghai amid deal pessimismU.S. and Chinese trade negotiators shift to Shanghai this week for their first i...
Read more »