Australian shares are set to open lower as Meta’s shock weakness triggered a global sell-off and central bankers pivot ever more hawkish.
: Australia’s oldest bank was once the country’s biggest and best performing. Now, it trades at the largest discount to its big four peers in history.Co said it expects its 2022 sales to increase as much as 18 percent over last year, mostly on sales of its new COVID-19 pill, molnupiravir.
QuaDream, the sources said, is a smaller and lower profile Israeli firm that also develops smartphone hacking tools intended for government clients. BofA said it was lowering its 1Q revenue estimate by 4.6% to $28.64bn from $30.03bn and EPS to $2.71 from $2.95. “We expect deceleration in revenue growth in 1H′22 followed by reacceleration in 2H′22. For 2023 estimates, key for valuation, we are lowering our revenue by 6% to $155.2bn and EPS by 8% to $14.36 .”
Adding to pressure on global technology stocks was the plunge in Facebook owner Meta after posting much weaker results.
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