MRF net slips 12.29% on rising material cost

Board approves reappointment of K.M. Mammen as MD Tyre maker MRF has reported a 12.29% drop in its standalone net profit for the second quarter ended September 2018 at ₹263.04 crore against ₹299.92 crore due to increase in raw material costs. Total income grew by 9.41% to ₹4,004.85 crore against ₹3,660.22 crore registered for the corresponding year-ago period. Materials cost, […]

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Impact of Rising Rates Seen Diminishing for Bank ETFs

This article was originally published on ETFTrends.com. In what can be seen as glum news for a group of exchange traded funds struggling even as interest rates, some analysts and market observers believe the impact of higher interest rates on banks’ net interest margins (NIMs) will diminish in the coming quarters. The Federal Reserve has raised interest rates three times […]

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Brent oil prices dip on rising supply, market woes

Potential impact of Iran sanctions on oil prices The Schork Report Publisher Stephen Schork on the outlook for oil. Brent oil prices dipped on Tuesday, weighed down by ongoing weakness in global stock markets and by signs of rising global supply despite looming sanctions on Iran's crude exports. Continue Reading Below Front-month Brent crude oil futures were at $77.05 a […]

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Citrix Systems Inc. (CTXS) Is Rising On Better Than Expected Q3 Earnings

Citrix Systems Inc. (CTXS) reported third quarter adjusted EPS of $1.40 after the bell Wednesday, which topped the consensus estimate of $1.25. Full year EPS is expected to be between $5.55 and $5.60. Analysts are expecting EPS of $5.37. The stock is now up 6.22 on 41K shares. Citrix Systems declined throughout the afternoon Wednesday and finished with a loss […]

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