dChan
Anonymous ID: aebc29 May 21, 2020, 4:34 p.m. No.9270134   🗄️.is đź”—kun

Netflix CEO sold $23.89m-May 20

 

Muh option exercise @ $15.67/sh and sale @ $449.23/sh

Input cost: $833,306-this is just taken off the top of the entire transaction

 

https://www.finviz.com/insidertrading.ashx?oc=1033331&tc=7&b=2

Anonymous ID: aebc29 May 21, 2020, 4:58 p.m. No.9270339   🗄️.is đź”—kun

Japan’s Corporate Profit Tumbles Most Since Financial Crisis of 2008

 

In what may prove to be one of the most dragged out earnings seasons ever, Japanese companies are reporting their worst drop in operating profits since the financial crisis.

 

Earnings before interest, taxes, depreciation and amortization for Topix index companies fell 26% in January-March, compared with the same quarter last year, according to Bloomberg-compiled data. That’s based on results from more than 80% of the benchmark gauge’s components, as many companies have delayed results amid the impact of the coronavirus. The bottom line also collapsed for Japanese enterprises during the period as the nation’s economy sank into a recession. The 89% drop in earnings per share is among the worst in Asia, and much more severe than the 23% fall for S&P 500 companies, the data show. Social distancing has crimped consumer spending; companies have cut investments and exports have slid. Analysts forecast a 21.5% contraction in GDP in the June quarter, a record for official data going back to 1955.

 

The biggest contributors to Japan’s quarterly earnings and sales declines have been trading companies, metals & mining and auto component makers, according to CLSA Ltd.

 

Wednesday saw reports from the three major non-life insurers, which usually marks the end of the earnings season. Still, heavyweights including Recruit Holdings Co., Hitachi Ltd and Nissan Motor Co. have yet to announce results. And a large number companies have declined to provide outlooks for future results, or withdrawn previously made predictions. In terms of shareholder returns, share buybacks have been scarce after reaching record levels in Japan the past two years. Many companies have also cut dividends or declined to make projections on payouts for the current period. Automobile-related sectors have posted the biggest shortfalls in operating profit versus analyst expectations, while airlines have seen the worst drop in operating margins.

https://www.bloomberg.com/news/articles/2020-05-21/japan-s-corporate-profit-tumbles-most-since-financial-crisis