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Rising chip prices fuel Samsung’s best quarterly profit in 3 years
Profit highest since 2018 but slightly below estimates Marketing costs may have offset foldable sales-analysts Falling memory chip prices to weigh on Q4-analysts SEOUL, Oct 8 (Reuters) – Samsung Electronics Co Ltd (005930.KS) on Friday flagged a 28% jump in its third-quarter operating profit to the highest in three years, driven by rising memory chip prices and display sales for new flagship smartphone launches. The preliminary result was up 26% from the second quarter, although just below forecasts, while the market reaction was further muted as analysts pencilled in a flat or slightly lower result this quarter on an expected
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Involvement Of Business Analysts In Software Development Life Cycle
ABOUT SDLC The significant interaction utilized by the software business for viable configuration, creation, and testing excellent software is known as Software Development Life Cycle. Software Development Life Cycle is transcendently known for its acronym SDLC. The point of utilizing SDLC by any association is to foster excellent software according to client needs. Different objectives of utilizing SDLC incorporate the finish of software in a decent time period and assessing costs precisely. The role of business analysts in SDLC makes the mentioned aspects more effective. You can begin your career as a business analyst by enrolling in a Business Analyst
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A Skeptical Stock Analyst Wins Big by Seeking Out Frauds
Last month, federal authorities charged the founder of the electric vehicle manufacturer Nikola, which had gone public in the summer of 2020, with defrauding investors. They were led there partly by the work of a little-known Wall Streeter named Nathan Anderson. A stock researcher and investor, Mr. Anderson and his upstart firm, Hindenburg Research, are having a moment. In early August, the Securities and Exchange Commission subpoenaed the sports betting firm DraftKings after Hindenburg said in a June report that it had potentially enabled black-market betting. And shares of Lordstown Motors have fallen nearly 70 percent since Hindenburg said in
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Newsflash: Eton Pharmaceuticals, Inc. (NASDAQ:ETON) Analysts Have Been Trimming Their Revenue Forecasts
The analysts covering Eton Pharmaceuticals, Inc. (NASDAQ:ETON) delivered a dose of negativity to shareholders today, by making a substantial revision to their statutory forecasts for this year. This report focused on revenue estimates, and it looks as though the consensus view of the business has become substantially more conservative. After this downgrade, Eton Pharmaceuticals’ dual analysts are now forecasting revenues of US$24m in 2021. This would be a substantial 103% improvement in sales compared to the last 12 months. The losses are expected to disappear over the next year or so, with forecasts for a profit of US$0.02 per share
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Q1 Earnings Weighed Down By U.S. Business, Analysts Cautious
Most analysts downgraded or expect a limited upside for Lupin Ltd., citing uncertainties and contraction in the U.S. business. The drugmaker’s net profit rose 18% sequentially to Rs 542.5 crore in the quarter ended June, according to its exchange filing. That compares with the Rs 474.4-crore profit estimate of analysts tracked by Bloomberg. The bottom line of India’s sixth largest pharma company was aided by Rs 373.4 crore ($50 million) received from Boehringer Ingelheim towards successful achievement of key milestones for its clinical stage MEK inhibitor compound, the company said. Revenue rose 13% sequentially to Rs 4,237.4 crore. Analysts expected
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Venus Concept Inc. Confounded Analyst Expectations With A Surprise Profit
Last week, you might have seen that Venus Concept Inc. (NASDAQ:VERO) released its second-quarter result to the market. The early response was not positive, with shares down 8.2% to US$1.91 in the past week. Venus Concept beat expectations by 6.5% with revenues of US$26m. It also surprised on the earnings front, with an unexpected statutory profit of US$0.01 per share a nice improvement on the losses that the analysts forecast. This is an important time for investors, as they can track a company’s performance in its report, look at what experts are forecasting for next year, and see
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QBE first-half earnings point to ‘widespread positives’ in business: analysts – Corporate – Insurance News
QBE has posted a turnaround in first-half earnings, as the insurer achieved an adjusted cash profit after-tax of $US463 million ($628 million) following a $US666 million loss ($904 million) from a year earlier. Analysts see a number of positives from the results but they also cautioned the business may be in for a weaker second-half, citing risks from a number of directions such as higher North America crop claims from a severe heatwave in the US Midwest region. “We don’t think the second-half result will be as strong as the first-half,” Morningstar said in a research note. Morningstar says while
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Accern’s No-Code AI Platform Can Speed Analytics In Financial Services
Software is eating data science, to paraphrase Marc Andreesen, or at least nibbling around the data scientist edges. Several years ago McKinsey in a report on data and analytics said the U.S. would need 140,000 to 180,000 data scientists. Accern, which has more than a library of use cases available for immediate deployment across asset management, banking and insurance, says templates can reduce the need for data scientist-led analytics. “We have a no-code AI platform which we sell to financial services firms including asset managers, insurance companies and banks. It allows business analysts and data analysts to build sophisticated
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