Seven & i holdings may report a third consecutive quarter of declining operating profits despite an improvement in global in-store same-store sales the report said. Samsung electronics another asian company set to report earnings next week is expected to say its operating profit recovered during the quarter per the report. The recovery is expected to be driven by demand for the companys chips used for artificial intelligence applications.
Tata consultancy services is forecast to report a six-quarter chile cell phone number list high in profit growth due to demand for software services according to the report. The company has been hiring to meet an expected resurgence in tech spending. Analysts told bloomberg they will be listening for the companys commentary on budgets with some expecting that president-elect donald trumps promised corporate tax cuts will prompt more tech spending and others believing that his america first policies will discourage outsourcing.
It was reported in november that seven & i has been considering buyout proposals because it has been under pressure from shareholders for years with some seeking a breakup of the company due to the poor performance of its supermarkets. Uniqlo has been working to secure its place in the world of fast fashion amid growing competition and an increasing interest among consumers in gaining the most value for their buck.