This Week: FedEx, Nike success rig depend | Business enterprise Information
2 min readA seem at some of the key company activities and economic indicators impending this 7 days:
Bundle shipping and delivery big FedEx delivers its fourth-quarter earnings on Thursday.
Wall Road expects FedEx will report its profit soared to $4.98 a share in the March-Might period of time, up from just $2.53 a calendar year in the past, just before the COVID-19 pandemic induced a surge in shopper desire for shipping. Memphis, Tennessee-primarily based FedEx forecast fiscal 2021 earnings of up to $18.10 a share.
Wall Avenue expects an additional good quarterly report card from Nike.
Analysts predict the athletic clothing business will report Thursday that its fiscal fourth-quarter earnings and profits improved from a 12 months earlier. They forecast earnings jumped to $.51 a share for the March-Might quarter from a decline a yr back. Nike has benefited from robust advancement in China and greater online sales globally, which have aided offset weak point at physical merchants.
Oilfield expert services corporation Baker Hughes challenges its weekly tally of energetic U.S. oil and pure gas rigs on Friday.
Previous week, the selection of rigs rose to 470. That tally provided 373 rigs discovering for oil and 97 trying to find all-natural gas. The selection of energetic rigs has been mostly climbing as the reopening of the global financial system has enhanced desire for gas, pushing up oil rates. The U.S. rig count peaked at 4,530 in 1981. It bottomed out in August 2020 at 244.
U.S. Rig count, weekly full:
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