Mastercard Incorporated to Host Conference Call on Third-Quarter 2020 Financial Results

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On Wednesday, October 28, 2020, Mastercard Incorporated (NYSE: MA) will release its third-quarter 2020 financial results. The company will host a conference call to discuss these results at 9:00 a.m. Eastern Time.

The financial results will be posted on the company’s website at investor.mastercard.com. The company will issue an alert over a news wire when the earnings materials are publicly available, including a link to those documents.

Conference Call Details:
U.S. dial-in: (833) 714-0894
International dial-in (outside the U.S.): +1 778 560 2664
U.K. local dial-in: 02035478612
Conference ID: 2393503

A replay of the call will be available for 30 days and can be accessed below:
U.S. dial-in: (800) 585 8367
International dial-in (outside the U.S.): +1 416 621 4642
Conference ID: 2393503

A webcast for this call can also be accessed at investor.mastercard.com.

About Mastercard Incorporated (NYSE: MA), www.mastercard.com
Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201009005534/en/

Contacts

Investor Relations: Warren Kneeshaw or Gina Accordino, investor.relations@mastercard.com, 914-249-4565
Communications: Seth Eisen, seth.eisen@mastercard.com, 914-249-3153

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Samsung likely to post 35% surge in third-quarter profit as smartphone sales recover

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a person holding a sign: FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul


© Reuters/KIM HONG-JI
FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul

SEOUL (Reuters) – Samsung Electronics Co Ltd’s September-quarter profit likely surged more than a third, fuelled by strong smartphone sales and a rush order of memory chips from Huawei Technologies Co Ltd [HWT.UL], analysts said.

Samsung, the world’s biggest memory chip supplier, is scheduled to announce preliminary July-September operating profit and revenue on Thursday.

Profit likely rose 35% to 10.5 trillion won (£7.04 billion) from the same period a year earlier, according to Refinitiv SmartEstimate, derived from analyst estimates weighted toward those more consistently accurate. Revenue likely rose 3%.

While Samsung’s overall chip business was muted, analysts said orders from Chinese smartphone maker Huawei likely propped up sales. Huawei is likely to have built stockpiles before U.S. sanctions from mid-September prevented it from buying chips made using U.S. technology without a license, analysts said.

Last year Samsung’s chip business accounted for roughly half of its profit.

U.S. rival Micron Technology Inc posted market-beating profit last month, likely helped by Huawei’s rush to secure inventory, analysts said.

“Huawei’s emergency orders from late August drove up Samsung’s DRAM and NAND chip shipments, offsetting the effect of weak prices and limiting the drop in semiconductor profits for the quarter,” said analyst Song Myung-sup at HI Investment & Securities.

Prices of DRAM chips, which allow devices to multi-task, and of NAND chips, which store data, fell in July-September, showed DRAMeXchange data.

Samsung’s smartphone profit, which accounted for one-third of earnings last year, likely jumped as handset demand rebounded after the COVID-19 pandemic curbed sales in the first half of 2020. Third-quarter smartphone

Samsung likely to post 35per cent surge in third-quarter profit as smartphone sales recover

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Samsung Electronics Co Ltd’s September-quarter profit likely surged more than a third, fuelled by strong smartphone sales and a rush order of memory chips from Huawei Technologies Co Ltd, analysts said.

FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul

FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul. Picture taken January 7, 2019. REUTERS/Kim Hong-Ji/File Photo

SEOUL: Samsung Electronics Co Ltd’s September-quarter profit likely surged more than a third, fuelled by strong smartphone sales and a rush order of memory chips from Huawei Technologies Co Ltd, analysts said.

Samsung, the world’s biggest memory chip supplier, is scheduled to announce preliminary July-September operating profit and revenue on Thursday.

Profit likely rose 35per cent to 10.5 trillion won (US$9.07 billion) from the same period a year earlier, according to Refinitiv SmartEstimate, derived from analyst estimates weighted toward those more consistently accurate. Revenue likely rose 3per cent.

While Samsung’s overall chip business was muted, analysts said orders from Chinese smartphone maker Huawei likely propped up sales. Huawei is likely to have built stockpiles before U.S. sanctions from mid-September prevented it from buying chips made using U.S. technology without a license, analysts said.

Last year Samsung’s chip business accounted for roughly half of its profit.

U.S. rival Micron Technology Inc posted market-beating profit last month, likely helped by Huawei’s rush to secure inventory, analysts said.

“Huawei’s emergency orders from late August drove up Samsung’s DRAM and NAND chip shipments, offsetting the effect of weak prices and limiting the drop in semiconductor profits for the quarter,” said analyst Song Myung-sup at HI Investment & Securities.

Prices of DRAM chips, which allow devices to multi-task, and of NAND chips, which store data, fell in July-September, showed DRAMeXchange data.

Samsung’s smartphone profit, which

Tesla’s third-quarter deliveries speed past estimates

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Tesla keeps on cranking.


Tesla

Factory shutdown aside, 2020 has been kind to Tesla. The good news machine keeps on humming as the automaker said on Friday it delivered 139,300 vehicles in the third quarter of this year.

The figure beats estimates that ranged from 120,000 to 134,000 vehicles delivered, and it will surely help calm any fears Tesla’s reach only goes so far. Tesla’s official numbers are broken down into two categories: the Model S and Model X and the Model 3 and Model Y. The latter duo was the company’s best-seller, with Tesla delivering 124,100 Model 3 and Model Y vehicles last quarter. As for the Model S and Model X, the automaker delivered 15,200.

In terms of outright production, Tesla said it built 16,992 Model S and Model X EVs, and 128,044 Model 3 and Model Y EVs. The automaker hinted at even more positive news, saying, “New vehicle inventory declined further in Q3 as we continue to improve our delivery efficiency.”

Moving into the final quarter of this year, Tesla will look to continue the positive delivery numbers as it prepares to start construction of its new Gigafactory in Austin, Texas. There, it plans to build the Cybertruck and Model Y for customers on the east coast. Work also continues on a new Gigafactory in Berlin, which will provide Tesla a crucial footprint for European production.


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