Bloomberg said this while reporting analysts forecasts for these and other companies that are set to launch the earnings season in asia next week. Fast retailing may report a softening in operating profit growth because of sales of winter clothing being dampened by warmer autumn-winter weather during the quarter ended in november according to the report. Analysts also noted that fast retailing may be challenged by higher store rents and by efforts on chinese social media to launch a boycott of uniqlo products.
Seven & i holdings may report a third consecutive quarter ecuador cell phone number list 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 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.