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The week ended on a sour note with profit warnings from Dell Computer, Ford Motor and Gap.
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Note the important line in the statement: Tesco is trading "in line" with profit expectations for the financial year of £930m at the operating level.
Banking shares ended the year on a weak note, with dealers taking profits after an unexpected rally on Tuesday.
The Jefferies Group is ending its life as an independent firm on a pleasant note: with a solid quarterly profit.
Note: Profit margin is the net profit as a percentage of revenue.
Yet with profit comes complexity.
Expand free school provision with profit incentives.
The company reported an 18.4% rise in full year profits, and house broker Canaccord Genuity issued a buy note with a 182p price target.
Note that this profit does not include fixed costs, so these will have to be covered from this profit.
Those facts, in a nutshell, are why I am not AD-obsessed when it comes to explaining the current economy.I sort of struggle to understand what Mr Cowen is getting at with the note on corporate profits, which he's been making for some time.
As a final note, here's the Ballmer Business Metric: "The ultimate measure has to be what happens with profits.
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CEO of Professional Science Editing for Scientists @ prosciediting.com