State Department Confirms China Barred US Citizen From Leaving
The department said the employee was 'made subject to an exit ban' while traveling in China 'in a personal capacity.'
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12 minutes ago
- Yahoo
Singapore's core inflation rises at the same pace as last month
By Cynthia Li (Bloomberg) – Singapore's key inflation gauge rose at the same annual rate in June from last month, ahead of a closely-watched monetary policy review. The core inflation rate, which excludes housing and private transportation costs, stood at 0.6% in June from a year earlier, according to a statement by the Department of Statistics Singapore on Wednesday. That's the same as the 0.6% in May and is weaker than the 0.7% median estimate in a Bloomberg News survey. The overall inflation rate came in at 0.8% last month from a year ago, lower than the 0.9% survey median estimate. Recreation prices fell 2.6% in June compared to a year ago, after also falling 2% in May. The food inflation rate was 1% in June, while healthcare costs rose 2.8%. The figures will feed into the Monetary Authority of Singapore's policy review due on July 30. Official estimates project the city-state's core inflation to average between 0.5%-1.5% this year. Some economists including those at Bank of America, Goldman Sachs and Barclays are predicting an easing of monetary policy this month as they expect price pressures to remain low and stable in the period ahead. Economists at Citigroup, however, see a 60% chance the MAS holds its policy settings. Wednesday's data follow quarterly gross domestic product figures from last week that showed Singapore's economy avoided a technical recession, led by manufacturing and services exports as businesses seek to front-run higher US tariffs. More stories like this are available on ©2025 Bloomberg L.P.
Yahoo
12 minutes ago
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Texas Instruments Inc (TXN) Q2 2025 Earnings Call Highlights: Strong Revenue Growth Amid Market ...
Revenue: $4.4 billion, up 9% sequentially and 16% year-over-year. Analog Revenue Growth: 18% year-over-year. Embedded Processing Growth: 10% year-over-year. Other Segment Growth: 14% year-over-year. Gross Profit: $2.6 billion, 58% of revenue. Operating Expenses: $1.0 billion, up 5% year-over-year. Operating Profit: $1.6 billion, 35% of revenue, up 25% year-over-year. Net Income: $1.3 billion, $1.41 per share. Cash Flow from Operations: $1.9 billion in the quarter. Capital Expenditures: $1.3 billion in the quarter. Free Cash Flow: $1.8 billion on a trailing 12-month basis. Dividends Paid: $1.2 billion in the quarter. Stock Repurchases: $302 million in the quarter. Total Debt: $14.15 billion with a weighted average coupon of 4%. Inventory: $4.8 billion, 231 days, down 9 days sequentially. Third Quarter Revenue Guidance: $4.45 billion to $4.80 billion. Third Quarter EPS Guidance: $1.36 to $1.60. Warning! GuruFocus has detected 11 Warning Signs with TXN. Release Date: July 22, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Revenue for the second quarter was $4.4 billion, marking a 9% sequential increase and a 16% year-over-year growth. Analog revenue grew 18% year-over-year, and embedded processing grew 10%, indicating strong performance in key segments. Enterprise systems revenue increased by about 40% year-over-year, showcasing significant growth in this sector. Gross profit margin improved by 110 basis points sequentially, reaching 58% of revenue. The company returned $6.7 billion to shareholders over the past 12 months through dividends and stock repurchases. Negative Points Automotive market revenue decreased slightly sequentially and showed only mid-single-digit growth year-over-year, indicating a slower recovery in this segment. The company issued $1.2 billion of debt, increasing total debt outstanding to $14.15 billion. Inventory levels increased to $4.8 billion, with days of inventory at 231, which could indicate potential overstocking. Guidance for the third quarter suggests a typical seasonal quarter with revenue growth of only 11%, which is lower than previous expectations. Concerns about tariffs and geopolitical uncertainties continue to impact supply chains, adding complexity to future planning. Q & A Highlights Q: Can you explain the change in tone regarding the cyclical recovery and the impact of tariffs on your outlook? A: Haviv Ilan, CEO, explained that while the cyclical recovery is ongoing, with four out of five markets showing recovery, the automotive market remains shallow. The geopolitical environment, including tariffs, continues to create uncertainty, necessitating flexibility in operations. The company is prepared to support customers despite these challenges. Q: Are you expecting gross margins to decline in the next quarter despite revenue growth? A: Rafael Lizardi, CFO, clarified that gross margins are expected to remain flat despite higher depreciation costs. The net of other income and expenses, including interest expenses, will be unfavorable by about $20 million due to lower cash levels and increased debt interest expenses. Q: How is the industrial segment performing, particularly in light of trade and tariff concerns? A: Mike Beckman, Head of Investor Relations, noted that the industrial segment showed broad recovery across all sectors, continuing the trend from the first quarter. The recovery was not significantly impacted by tariff concerns. Q: What is the outlook for capital expenditures and depreciation for the coming years? A: Rafael Lizardi stated that there are no changes to the CapEx and depreciation framework. For 2025, CapEx is expected to be $5 billion, and for 2026, it will range between $2 billion and $5 billion. Depreciation for 2025 is expected to be between $1.8 billion and $2 billion, and for 2026, between $2.3 billion and $2.7 billion. Q: How is the automotive market performing, particularly in China, and is there any share loss? A: Haviv Ilan explained that the automotive market in China ran hot last year, and current dynamics are more about inventory correction rather than share loss. The automotive market has not yet shown signs of broad recovery, but it is expected to follow the industrial market's recovery pattern. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
16 minutes ago
- Yahoo
CTS Earnings: What To Look For From CTS
Electronic components manufacturer CTS Corporation (NYSE:CTS) will be announcing earnings results this Thursday before the bell. Here's what you need to know. CTS missed analysts' revenue expectations by 2.3% last quarter, reporting revenues of $125.8 million, flat year on year. It was a slower quarter for the company, with a significant miss of analysts' EPS estimates. Is CTS a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting CTS's revenue to grow 1.9% year on year to $132.7 million, a reversal from the 10.3% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.55 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Looking at CTS's peers in the tech hardware & electronics segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Jabil delivered year-on-year revenue growth of 15.7%, beating analysts' expectations by 11.2%, and TD SYNNEX reported revenues up 7.2%, topping estimates by 4.4%. Jabil traded up 13.1% following the results while TD SYNNEX was also up 7.9%. Read our full analysis of Jabil's results here and TD SYNNEX's results here. There has been positive sentiment among investors in the tech hardware & electronics segment, with share prices up 5.1% on average over the last month. CTS is down 3.5% during the same time and is heading into earnings with an average analyst price target of $43 (compared to the current share price of $40.71). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
