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Amgen Q2 23 Earnings:
Adj EPS $5.00 (est $4.48)
Rev $6.99B (est $6.68B)
Adj. Oper Income $3.52B (est $3.26B)
Outlook
FY Adj EPS $17.80 To $18.80, From $17.60 To $18.70
CapEx $925 million.
Share repurchases not to exceed $500 million.
$AMGN 233.00 +2.30 (+1.00%) after hoursCoinbase Up 6% After Q2 23 Earnings:
Rev $707.9M (est $631.2M) down 9% vs Q1,
Trading Volume $92B (est $99.7B) down 36%
Outlook
Q3 Rev Consistent with Outlook for Q2
$COIN $96.28 +5.53 (+6.09%) AHAmazon up 6% After Q2 23 Earnings
Q2 $0.65 v est $0.34
Rev $134.4B v est $131.5B
#AWS Net Sales $22.14B est $21.71B
Oper Income $7.68B (est $4.72B)
Oper Margin 5.7% (est 3.46%)
Outlook
Q3 Net Sales $138.0B To $143.0B est $138.3B
#AMZN 137.18▲ 8.27 (6.41%) After HoursOpendoor Technologies reports Q2 (Jun) results, beats on revs; guides Q3 revs BELOW consensus.
$OPEN down 12.8%Redfin beats by $0.09, reports revs in-line; guides Q3 revs BELOW consensus.
$RDFN down 10.8%US United Auto Workers union conveyed a demand to US automakers for a 40% pay rise this week, along with list of other items they plan to press for at bargaining table
– 40% pay hike would be a general increase over the life of the next four-year contract via WSJUSA Ahead Friday:
8:30 ET: July #JobsReport
Nonfarm Payrolls (consensus 200k prior 209k)
Nonfarm Private Payrolls (consensus 175k prior 149k)
#Unemployment Rate (consensus & prior 3.6%)
Average Hourly Earnings (consensus 0.3% prior 0.4%)
Average Workweek (consensus & prior 34.4)Equity indices in the Asia-Pacific region ended the week on a mostly higher note.
Japan’s Nikkei: +0.1% (-1.7% for the week),
Hong Kong’s Hang Seng: +0.6% (-1.9% for the week),
China’s Shanghai Composite: +1.8% (+0.4% for the week),
India’s Sensex: +0.7% (-0.7% for the week),
South Korea’s Kospi: -0.1% (-0.2% for the week),
Australia’s ASX All Ordinaries: +0.2% (-1.1% for the week).Singapore’s June Retail Sales -0.8% m/m (expected 0.0%; last -0.2%); 1.1% yr/yr (expected 2.7%; last 1.8%)
There are growing expectations that the People’s Bank of China will lower its reserve requirement ratio before the end of September, followed by a medium-term lending facility cut in Q4.
China’s Commerce Ministry cancelled tariffs on imports of barley from Australia.
The Reserve Bank of Australia’s latest Statement on Monetary Policy noted that the full impact of past rate hikes has yet to be felt.
Major EurMajor European indices trade near their flat lines.
STOXX Europe 600: -0.2% (-3.0% week-to-date),
Germany’s DAX: -0.4% (-3.8% week-to-date),
U.K.’s FTSE 100: -0.3% (-2.5% week-to-date),
France’s CAC 40: +0.2% (-2.7% week-to-date),
Italy’s FTSE MIB: -0.4% (-3.1% week-to-date),
Spain’s IBEX 35: -0.1% (-4.0% week-to-date).Eurozone’s June Retail Sales -0.3% m/m (expected 0.2%; last 0.6%); -1.4% yr/yr (expected -1.7%; last -2.4%)
Germany’s Factory Orders were up 7.0% m/m in June, representing the sharpest increase in three years while Spain reported a bigger than expected drop in Industrial Production (actual -3.0%; expected -1.7%).
Germany’s June Factory Orders 7.0% m/m (expected -2.0%; last 6.2%)
Spain’s June Industrial Production -3.0% yr/yr (expected -1.7%; last -0.6%)France’s June Industrial Production -0.9% m/m (expected -0.3%; last 1.1%). Q2 nonfarm payrolls 0.1% qtr/qtr (last 0.4%)
Italy’s June Industrial Production 0.5% m/m (expected -0.3%; last 1.7%); -0.8% yr/yr (expected -2.0%; last -3.5%)Credit Agricole reported above-consensus results for Q2 while Commerzbank also reported strong results, but forecast higher costs.
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