Often when companies are experiencing troubling financial times, you'll see more adjustments to earnings. According to Ben Foldy in The Wall Street Journal, the use of that financial tool is increasing. He writes: Business slowed last year for Google’s parent, Alphabet GOOG -1.02%decrease; red down pointing triangle. The tech giant still beat earnings expectations in this year’s first quarter, in part because it said that its computer servers would last longer than expected. The shift reduced its depreciation expense by nearly $1 billion and helped push per-share earnings ahead of … [Read more...]
Archives for June 2023
Container Production Cuts a Sign of Declining Trade?
Production of shipping containers will fall to a 14-year low in 2023, following a 71% decline in the first quarter. Are falling production numbers a sign of longer-term declining demand, or a simple realignment after extraordinary circumstances brought on by COVID logistical snags? Sam Chambers reports in Splash 247: Stagnating trade and a ballooning surplus of shipping containers, following easing of pandemic era supply chain constraints, has led to a collapse in newbuild container output, which is forecast by UK consultants Drewry to slump to its lowest level in 14 years. Drewry … [Read more...]
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