Tag: IPOs

Google’s holding company Alphabet nearly tripled its net profit in the second quarter of 2021, while its revenue climbed 62%, to another record. Alphabet’s quarterly revenue rose to $ 61.9 billion from $ 38.3 billion a year earlier. The consensus forecast for this indicator was $ 56.2 billion. Net income in April-June was $ 18.5 billion, compared with $ 7 billion in the same period last year. Earnings per share rose to $ 27.26 from $ 10.13, beating Wall Street’s median forecast of $ 19.35. The company’s management attributes Alphabet’s strong quarterly results to increased user activity on the Internet, as well as a widespread increase in advertiser spending.

We believe that growth in corporate capital expenditure in the core industries in which Flowserve operates may accelerate significantly, which could place the company in the early stages of a new growth cycle. Notably, this trend correlates with management efforts to improve operational efficiency to increase cash flow generation. In the first quarter, Flowserve orders rose 15% qoq and management is fairly optimistic that this trend will continue.

Amazon, the world’s largest online retailer, increased its net profit by more than 48% in Q2, but the online shopping boom fueled by the pandemic appears to be fading away. Revenue increased by 27% and reached $ 113.080 billion against $ 88.912 billion a year earlier. Net income in April-June was $ 7.778 billion, or $ 15.12 per share, compared to $ 5.243 billion, or $ 10.3 per share, received in the same period last year. Although the company’s revenue surpassed the $ 100 billion mark for the third quarter in a row, the market regarded last quarter’s growth as weak, as it jumped 44% in January-March. Experts, on average, expected the company to receive earnings of $ 12.28 per share in the second quarter on revenue of $ 115.4 billion. The financial statements disappointed investors, so the company’s stock prices fell 7% after the publication of the financial statements.

Nike has published excellent financials for its fourth fiscal quarter. Revenue for the quarter ended May 31, 2021 jumped 96% to $ 12.3 billion, up from $ 6.3 billion in the same period a year earlier, when the company’s sales fell sharply amid the spread of the coronavirus pandemic. The company posted net income of $ 1.5 billion, or $ 0.93 per share, versus a net loss of $ 790 million, or $ 0.51 per share, a year earlier. The market consensus assumed the growth of the indicator to the level of $ 0.51 per share on revenue of $ 11.03 billion.

Apple increased its net profit by 93%, the revenue was a record for 3 financial quarters. Apple increased its fiscal third quarter net income by 93% and revenue by 36%, both of which beat market forecasts. Apple’s revenue was $ 81.43 billion and was a record for the third financial quarter. The consensus forecast of experts for this indicator was $ 73.34 billion. The company showed record revenue figures in all geographic segments and double-digit revenue growth rates in each product category. Net income for the quarter ended June 26 was $ 21.74 billion, up from $ 11.25 billion in the third quarter of the previous fiscal year. Earnings per share increased to $ 1.3 from $ 0.65, beating the market consensus of $ 1.01.

We’re highlighting Farfetch because we focus on the fast-growing online luxury goods market. The company operates a leading platform connecting luxury brands and boutiques. The global luxury goods market is undergoing a structural shift towards digitalization and we believe that Farfetch will be the main beneficiary of the $ 300 billion market transformation. The company’s management predicts revenue growth of an average of 16% per year over the next ten years, primarily due to growth demand from China and other emerging markets.