Illustration: Photographer: Ian Waldie/BloombergFull year profit rose 7.5% to AUD2.21 billion, surpassing its own guidance that net profit would be "broadly in line" with 2016. Macquarie Group (MQG.AU) facebook/" target="_blank">shares are trading 3.6% higher this morning after the Australian investment bank's full year profit exceeded analyst expectations. The company's annuity style business - Macquarie Asset management, Corporate and Asset Finance, and Financial Services - made the biggest contribution to net profit. Net interest and trading income fell 9% to AUD3.95 billion and fee and commission income decreased 11% to AUD4.33 billion. Banking and Financial Services delivered a 13% increase in net profit contribution.
as informed in Revenue and earnings surged, driven by increased demand for smart codecs and amplifiers, although Cirrus sees just modest revenue growth in fiscal 2018. Audio-chip developer Cirrus Logic (NASDAQ:CRUS) reported its fiscal fourth-quarter results after the market closed on May 3. Cirrus Logic results: The raw numbersMetric Q4 2017 Q4 2016 Year-Over-Year Change Revenue $327.9 million $232.0 million 41.3% GAAP net income $35.1 million $14.0 million 150.7% Non-GAAP EPS $0.85 $0.38 123.7%What happened with Cirrus Logic this quarter? Cirrus expects modest revenue growth in fiscal 2018, so the company's three-year streak of growing revenue by more than 25% may be coming to an end. Increased demand for the company's smart codecs and boosted amplifiers drove revenue and profit higher.
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collected by :Jack Luxor
as informed in Revenue and earnings surged, driven by increased demand for smart codecs and amplifiers, although Cirrus sees just modest revenue growth in fiscal 2018. Audio-chip developer Cirrus Logic (NASDAQ:CRUS) reported its fiscal fourth-quarter results after the market closed on May 3. Cirrus Logic results: The raw numbersMetric Q4 2017 Q4 2016 Year-Over-Year Change Revenue $327.9 million $232.0 million 41.3% GAAP net income $35.1 million $14.0 million 150.7% Non-GAAP EPS $0.85 $0.38 123.7%What happened with Cirrus Logic this quarter? Cirrus expects modest revenue growth in fiscal 2018, so the company's three-year streak of growing revenue by more than 25% may be coming to an end. Increased demand for the company's smart codecs and boosted amplifiers drove revenue and profit higher.
as informed in
Shell Profit Soars as Oil Sector Bounces Back
Much of the rebound is due to higher oil prices, and that may not be sustainable. Shell's sharp increase in net profits caps a bumper set of results for the world's biggest oil companies. Yeah, absolutely," said Oswald Clint, an analyst at Bernstein, highlighting the benefits of the companies' efforts to streamline since oil prices began to fall. Beyond the rising profits, analysts lauded oil companies' better-than-expected cash generation—a metric that has become increasingly important as the businesses scrambled to bring their costs into balance with lower oil prices over the last two years. Shell said its first-quarter profit more than quadrupled from a year earlier to $3.4 billion.read more visit us profit
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