Mitsui CFO: Slower global economy amid trade war hurting chemical, steel profits [Reuters]
MITSUI & CO LTD ADR (MITSY)
US:NASDAQ Investor Relations:
mitsui.com/us
Company Research
Source: Reuters
Mitsui CFO: Slower global economy amid trade war hurting chemical, steel profits - Reuters 1 Min Read TOKYO, Oct 30 (Reuters) - Mitsui & Co Ltd Chief Financial Officer Takakazu Uchida said on Wednesday that slower global economy amid prolonged U.S.-Sino trade war is hurting its profits in chemical and steel products businesses. The Japanese trading house, however, stuck to its forecast for a record high profit of 450 billion yen ($4.13 billion) for the year to March 31, 2020, saying stronger-than-expected iron ore prices and solid profits from trading of heavy oil and liquefied natural gas will likely offset weaker performance in chemical and other non-resource businesses. “Chemical and steel product segments have been weighed down by slumping demand in automobiles and electronic parts,” Uchida told an earnings news conference, adding that sliding steel prices in the United States was also hurting its profits. ($1 = 108.8300 yen) (Reporting by Yuka Obayashi; Editing by Himani Sarkar)
Show less
Read more
Impact Snapshot
Event Time:
MITSY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MITSY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MITSY alerts
High impacting MITSUI & CO LTD ADR news events
Weekly update
A roundup of the hottest topics
MITSY
News
- MITSUI & CO., LTD. MAKES STRATEGIC INVESTMENT IN NEW YORK-BASED CYBERSECURITY SERVICE PROVIDER, REDPOINT CYBERSECURITY LLC [Yahoo! Finance]Yahoo! Finance
- First Mode Announces Strategic Alliance to Scale Clean Energy Solutions for Heavy Industry with Mitsui & Co., Ltd [Yahoo! Finance]Yahoo! Finance
- Beach Plunges Most in About Three Years on Gas Project Cost Hike [BNN Bloomberg (Canada)]BNN Bloomberg
- JA Mitsui Leasing USA Holdings, Inc. Announces Acquisition of Oakmont Capital Services [Yahoo! Finance]Yahoo! Finance
- 5 things to know about cargo ship that brought down Baltimore bridge [Yahoo! Finance]Yahoo! Finance