摩根大通发布研报称，重申新东方"增持"评级及首选股份地位，目标价由53港元升至55港元。新东方 2026财年第二财季业绩好于预期，并上调指引，这是两年来的首次。管理层的乐观态度促使该行将2026 财年至2027财年的经营利润预测上调7%。 消息面上，新东方日前发布截至2025年11月30日止的2026财年第二季度财务业绩公告，净营收同比上升 14.7%至11.91亿美元；经营利润同比上升244.4%至6630万美元；股东应占净利润同比上升42.3%至4550 万美元。公司上调2026财年全年净营收指引至52.92-54.88亿美元，同比增长8%-12%。 新东方-S(09901)再涨超3%，截至发稿，涨3.13%，报47.48港元，成交额1.67亿港元。 ...

美银证券发布研报称，新东方-S截至11月止第二财季的收入及利润率均胜预期。收入增长加速至15%， 并高于9%至12%的指引。非通用会计準则经营利润率扩阔4.8个百分点，亦按季加速，同时高于指引 的"逾1个百分点"。公司对截至2月止第三财季的收入增长指引为11%至14%，并将5月底止全财年收入 指引上调至53亿至55亿美元，即按年增长8%至12%，高于原先指引的5%至10%，主要动力来自K12业 务、东方甄选及海外备考业务跌幅收窄。 消息面上，1月28日，新东方-S发布截至2025年11月30日止的2026财年第二季度财务业绩公告，该集团 2026财年第二季度的净营收同比上升14.7%至11.91亿美元；经营利润同比上升244.4%至6630万美元；新 东方股东应占净利润同比上升42.3%至4550万美元。于2026财年上半年，净营收约27.14亿美元，同比增 长9.7%。经营利润约3.77亿美元，同比增长20.7%。新东方股东应占净利润约2.86亿美元，同比增长 3.2%。 智通财经APP获悉，新东方-S(09901)涨超4%，截至发稿，涨4.03%，报46.56港元，成交额1.79亿港元。 ...

Core Viewpoint - Deere & Company (DE.US) experienced a decline of over 5.5%, reaching a low of $470.5, following the release of its fourth-quarter earnings report which showed mixed results [1] Financial Performance - The company reported fourth-quarter revenue of $12.39 billion, exceeding analyst expectations of $9.85 billion [1] - Net income for the quarter was $1.06 billion, or $3.93 per share, down from $1.24 billion or $4.55 per share in the same period last year [1] - The decline in net income was primarily attributed to weak demand for tractors and combine harvesters [1] Future Outlook - Deere & Company projects net income for the fiscal year 2026 to be between $4 billion and $4.75 billion, which is below analyst expectations of $5.33 billion [1]

Core Viewpoint - Synopsys (SNPS.US) experienced a significant drop of over 35% in its stock price, marking the largest decline since 2004, following disappointing Q3 earnings and guidance [1] Financial Performance - For the third fiscal quarter ending July 31, Synopsys reported a year-over-year revenue increase of 14%, reaching $1.74 billion [1] - Adjusted earnings per share (EPS) were $3.39, falling short of analyst expectations of $3.80 EPS and $1.77 billion in revenue [1] Future Guidance - Synopsys projects adjusted EPS for Q4 to be between $2.76 and $2.80, with revenue expected to be between $2.23 billion and $2.26 billion [1] - Analysts had previously estimated Q4 EPS at $4.50 and revenue at $2.1 billion, indicating a significant downward revision in expectations [1] Management Commentary - CFO Shelagh Glaser indicated a cautious outlook for Q4 due to underperformance in the design intellectual property business, while still expecting continued profit growth for the year [1]

Core Viewpoint - HPE reported a record revenue of $9.14 billion for Q3, marking a 19% year-over-year increase, exceeding analyst expectations [1] Financial Performance - Q3 revenue reached $9.14 billion, surpassing the expected $8.84 billion [1] - Adjusted earnings per share (EPS) were $0.44, above the anticipated $0.42 [1] - Adjusted gross margin improved to 29.9%, an increase of 50 basis points from the previous quarter [1] - Server revenue was $4.94 billion, exceeding the forecast of $4.72 billion [1] Future Outlook - For Q4, HPE expects revenue between $9.7 billion and $10.1 billion, while analysts predict $10.11 billion [1] - Adjusted EPS is projected to be between $0.56 and $0.60, aligning with the analyst estimate of $0.56 [1] - For the full year, the company anticipates revenue growth of 14% to 16%, up from a prior forecast of 7% to 9% [1] - Full-year EPS is expected to be between $1.88 and $1.92, compared to the previous estimate of $1.78 to $1.90 [1]

Core Insights - Affirm Holdings (AFRM.US) experienced a significant increase of over 16%, reaching a three-and-a-half-year high of $93.33 following the release of its Q4 earnings report [1] Financial Performance - Q4 revenue grew by 33% year-over-year to $876 million, surpassing market expectations of $837 million [1] - The company reported a net profit of $69.2 million, a turnaround from a loss of $45.1 million in the same quarter last year [1] - Earnings per share (EPS) were 20 cents, exceeding market expectations of 11 cents [1] Transaction Metrics - The total gross merchandise volume (GMV) for Q4 increased by 43% year-over-year, reaching $10.4 billion [1] Strategic Outlook - The company stated in its shareholder letter that its consistent execution has led to achieving operating profit in Q4 of fiscal year 2025, aligning with the timeline promised a year ago [1]

Core Insights - Nintendo's operating profit for the first quarter reached 56.93 billion yen, a year-on-year increase of 4.4%, surpassing the forecast of 54.77 billion yen [1] - The net profit for the first quarter was 96.03 billion yen, reflecting a 19% year-on-year growth, exceeding the expected 58.07 billion yen [1] - Sales revenue for the first quarter amounted to 572.36 billion yen, significantly up from 246.64 billion yen in the same period last year, and above the forecast of 489.75 billion yen [1] Financial Forecasts - Nintendo maintains its forecast for the fiscal year 2026, projecting an operating profit of 320.00 billion yen, while the market expectation is 402.94 billion yen [1] - The company also forecasts a net profit of 300.00 billion yen for fiscal year 2026, compared to the market estimate of 358.62 billion yen [1] - Sales revenue for fiscal year 2026 is projected at 1.90 trillion yen, lower than the market forecast of 2.14 trillion yen [1] - Nintendo anticipates a dividend of 129.00 yen for fiscal year 2026, while the market expectation is 155.54 yen [1]