Manhattan Associates, Inc. (NASDAQ:MANH) Q2 2025 Earnings Call July 22, 2025 4:30 PM ET Company Participants Dennis B. Story - Executive VP, CFO & Treasurer Eddie Capel - Executive Chairman of the Board Eric A. Clark - President, CEO & Director Michael Bauer - Corporate Participant Conference Call Participants Brian Christopher Peterson - Raymond James & Associates, Inc., Research Division Christopher Quintero - Morgan Stanley, Research Division Dylan Tyler Becker - William Blair & Company L.L.C., Research ...

Report Industry Investment Rating No relevant content provided. Core Viewpoints of the Report - The domestic commodity market experienced a rare daily limit surge on Tuesday, with the main contracts of six varieties, including glass, soda ash, coking coal, coke, industrial silicon, and polysilicon, closing at the daily limit. The core driving force for this rally is the continuous release of the "anti-involution" policy signal by the state, combined with the coal mine production inspection notice circulated on the same day, which triggered expectations of supply tightening [2][46]. - The international precious metal futures generally closed higher, while international oil prices slightly declined. London's base metals mostly rose, and international agricultural product futures showed mixed performance [3][4][5]. - In the financial market, A-shares continued to rise, and the Hong Kong stock market also showed an upward trend. The science and technology innovation board celebrated its 6th anniversary, and Central Huijin increased its holdings of ETFs on a large scale in the second quarter [30]. - Overseas, there are various events and statements, including trade negotiations, comments on the Federal Reserve's policies and personnel, and corporate financial reports [10][11][43]. Summaries by Relevant Catalogs Overnight Night Market Trends - Domestic commodity market: Six varieties' main contracts closed at the daily limit, and the black series continued to rise at night, with coking coal up 11% and coke up 5.29% [2]. - International precious metal futures: COMEX gold futures rose 1.10% to $3444.00 per ounce, and COMEX silver futures rose 0.83% to $39.66 per ounce [3]. - International oil prices: WTI crude oil main contract fell 0.76% to $65.45 per barrel, and Brent crude oil main contract fell 0.66% to $68.75 per barrel [4]. - London base metals: Most rose, with LME zinc up 0.53%, LME copper up 0.39%, LME tin up 0.32%, and LME aluminum up 0.21% [4]. - International agricultural product futures: Mixed performance, with US soybeans down 0.17%, US corn down 1.18%, US soybean oil down 0.59%, US soybean meal up 1.13%, and US wheat up 1.34% [5]. Important Information Macroeconomic Information - The "Regulations on Rural Highways" will be implemented on September 15, 2025, aiming to promote the high-quality development of rural highways [8]. - As of the end of the second quarter of 2025, the balance of RMB loans of financial institutions was 268.56 trillion yuan, a year-on-year increase of 7.1%. The balance of RMB real estate loans was 53.33 trillion yuan, a year-on-year increase of 0.4% [8]. - The current market has no obvious unilateral expectation of RMB appreciation or depreciation, and market transactions are rational and orderly [9]. - There are various international events and statements, including trade negotiations, comments on the Federal Reserve's policies and personnel [10][11][12]. Energy and Chemical Futures - The next round of China-US talks may discuss China's purchase of Russian and Iranian oil [15]. - As of the week of July 21, the social inventory of domestic asphalt increased by 0.3%, and the factory inventory decreased by 2.6% [15]. Metal Futures - The Ministry of Industry and Information Technology will support the stable operation and high-quality development of the non-ferrous metal industry [17][18]. - China's alumina exports in June 2025 decreased by 17.71% month-on-month but increased by 8.95% year-on-year [18]. - In May 2025, the global refined copper market had a surplus of 97,000 tons, and from January to May, the surplus was 272,000 tons [18]. Black Series Futures - Some steel mills plan to raise the price of wet-quenched coke by 50 yuan/ton and dry-quenched coke by 55 yuan/ton on July 23 [20]. - The inventory of imported iron ore in 47 ports in China increased by 722,500 tons compared with last Monday [20]. Agricultural Product Futures - Russia reduced its wheat production and export volume forecasts for 2025 [22]. - Malaysia's palm oil exports in June 2025 remained high, but the inventory reached an 18-month high [23]. - It is expected that the new cotton yield per mu in 2025 will be 158.7 kg, a year-on-year increase of 2.5% [23]. - Various other agricultural product data, including soybean, pig, and sugar production and trade information [25][26][28]. Financial Market Finance - A-shares continued to rise, with the Shanghai Composite Index rising 0.62% to 3581.86 points, and the market turnover expanding to 1.93 trillion yuan [30]. - The Hong Kong Hang Seng Index rose 0.54% to 25,130.03 points, and the southbound capital had a net inflow of HK$2.717 billion [30]. - The science and technology innovation board celebrated its 6th anniversary, with 589 companies listed, raising a total of 925.7 billion yuan in IPOs and 186.7 billion yuan in refinancing [30]. - Central Huijin increased its holdings of ETFs by over 200 billion yuan in the second quarter [32]. - Overseas institutions mainly surveyed companies in the electronics, machinery, pharmaceutical, and non-ferrous metal industries in July [32]. - Zhongyou Insurance triggered a mandatory tender offer by buying 726,000 shares of Green Power Environmental Protection H shares [32]. - The Shanghai Stock Exchange took regulatory measures against abnormal trading behavior in *ST Yazhen [32]. - The Shanghai Stock Exchange and China Securities Index Company will launch the Shanghai Science and Technology Innovation Private Enterprise Index and the Shanghai Science and Technology Innovation Private Enterprise Strategy Index on July 23 [33]. - SenseTime plans to enter the field of embodied intelligence [33]. Industry - The National Data Administration has guided the construction of data annotation bases in 7 cities and plans to layout data industry agglomeration areas in the second half of the year [34]. - 127 domestic games and 7 imported games obtained game licenses in July [36]. - The game "Late Ming: Feather of the Abyss" topped the Steam bestseller list [36]. - The news of "Beijing banning fuel vehicles from ride-hailing platforms" was false [36]. - China's shipbuilding industry maintained its global leading position in the first half of the year [36]. - Telecommunication business revenue in the first half of the year was 905.5 billion yuan, a year-on-year increase of 1% [37]. Overseas - Trump called for the Federal Reserve to cut interest rates and said that Fed Chairman Powell would leave office soon [38]. - US Treasury Secretary Yellen said that tariff revenue was "huge" and supported Powell to complete his term [38]. - Various international events, including trade negotiations, policy statements, and corporate financial reports [38][40][43]. International Stock Markets - US stocks closed mixed, with the Dow Jones rising 0.4%, the S&P 500 rising 0.06%, and the Nasdaq falling 0.39% [43]. - European stocks closed mixed, with the German DAX falling 1.09%, the French CAC40 falling 0.69%, and the UK FTSE 100 rising 0.12% [43]. - Coca-Cola's second-quarter adjusted revenue and earnings per share were better than expected [43]. - General Motors' second-quarter revenue and net profit declined [44]. - Lockheed Martin's second-quarter net sales and operating profit were lower than expected, and it lowered its full-year earnings per share forecast [45]. Commodities - Similar to the overnight night market trends, the domestic commodity market had a daily limit surge, and international precious metal, oil, and base metal futures showed different performances [2][3][4][46]. - Russia maintained its forecast for grain production and export volume [48]. Bonds - The domestic bond market was weak, with treasury bond futures closing down [49]. - As of the end of June, overseas institutions held 4.23 trillion yuan of interbank market bonds, accounting for about 2.5% of the total [50]. - The Asian Infrastructure Investment Bank successfully issued a 20 billion yuan panda bond [50]. - Japanese government bond yields attracted record foreign capital inflows [52]. - US bond yields declined across the board [52]. Foreign Exchange - The RMB appreciated by 1.9% against the US dollar in the first half of the year, and the market had no obvious unilateral expectation [53]. - The onshore RMB against the US dollar rose 12 points, and the offshore RMB rose 5 points [54][55]. - The US dollar index fell 0.49%, and most non-US currencies rose [54]. Upcoming Events - There are various events scheduled for July 23, including central bank operations, press conferences, and industry exhibitions [56].

黄金周二（7月22日）早盘在3403附近受阻下跌，到欧盘初下跌3383附近企稳上涨，美盘加速上涨，凌晨最高上涨至3433附近，尾盘维持在高位震荡，日线 收出一根阳线。 一、基本面 上方阻力：目前金价已突破前期高点连线形成的趋势线，上方首要关注前期次高点3452/3453附近，此位置是短期重要阻力位。 下方支撑：第一支撑为3390-3385区域，该区域靠近昨日低点，同时也是5日均线所在位置；第二支撑关注3360区域，对应10日均线位置。 2、四小时级别：黄金自6月30日止跌上涨后，本周前呈现收敛震荡走势，周一向上突破，周二回踩高点连线趋势线后企稳加速上涨，今日需重点关注上涨延 续性。 1、贸易不确定性加剧，避险需求升温 距离美国总统特朗普设定的8月1日关税谈判最后期限仅剩一周，市场对美国与主要贸易伙伴达成协议的前景愈发悲观。美国财政部长贝森特表示将下周在斯 德哥尔摩会见中国财长，讨论是否延长8月12日避免大幅提高关税的最后期限，但强调政府更关注协议质量而非时间点，让市场预期更扑朔迷离。欧盟与美 国贸易谈判陷入僵局，欧盟外交官透露正考虑更广泛反制措施，若8月1日后美国对欧盟商品征收高达30%关税，全球贸易环境可能 ...

【导读】标普500指数再创新高，科技巨头亚马逊、马斯克再度加码AI，原油下跌、黄金提振 见习记者储是 美东时间7月22日，美股三大指数涨跌不一，标普500指数再创新高，科技股巨头涨跌不一，热门中概股普涨。 亚马逊、马斯克xAI继续加码AI领域；关税谈判陷入停滞，原油价格持续走弱，黄金价格因美元走弱而提振。 美股三大指数涨跌不一，市场在消化近期涨幅 截至收盘，道琼斯工业指数上涨0.40%，报收于44502.44点；纳斯达克指数下跌0.39%，报收于20892.69点；标普500指数上涨0.06%，报收于6309.62点，再 创新高。 Baird投资策略分析师Ross Mayfield指出，市场在消化近期涨幅，目前处于蓄势观望阶段。接下来一两周，两大重磅催化剂即将落地：一是8月1日的关税 大限，二是美股七巨头密集披露的关键财报。 大型科技股涨跌不一 大型科技股涨跌不一，谷歌上涨0.50%，苹果上涨0.9%，特斯拉上涨1.1%。英伟达下跌2.54%，Meta下跌1.16%，微软下跌0.94%，亚马逊下跌0.78%。 热门中概股普涨 热门中概股普涨，纳斯达克中国金龙指数收涨1.7%。大全新能源涨16.79%，蔚来涨超 ...

Group 1: BYD and International Partnerships - BYD officially announced a three-year strategic partnership with Inter Milan, becoming the club's global automotive partner and providing approximately 70 electric vehicles [1] Group 2: Financial Performance of Automotive Companies - Jiangling Motors reported a total revenue of 18.092 billion yuan for the first half of 2025, a year-on-year increase of 0.96%, while net profit attributable to shareholders decreased by 18.17% to 733 million yuan [1] - General Motors' Q2 2025 revenue was 47.122 billion USD, a decline of 1.8%, with net profit attributable to shareholders dropping 35.4% to 1.895 billion USD [4] - Stellantis faced a loss of 2.3 billion euros (approximately 19.3 billion yuan) in the first half of the year, with a 25% year-on-year decline in North American market sales [4] - Hyundai and Kia's electric vehicle exports to the U.S. fell by 88% in the first five months of the year, with Hyundai exporting 3,906 units and Kia 3,250 units [5] Group 3: Market Trends and Changes - Tesla's vehicle registrations in California dropped to 41,138 units in Q2, marking a 21.1% year-on-year decline and the seventh consecutive quarter of decline [3] - Mitsubishi Motors announced the termination of its joint venture with Aerospace Mitsubishi due to the rapid transformation of the Chinese automotive industry [6] Group 4: New Product Launches - Wuling officially launched the 2026 model of the Wuling Xingchi, with two configurations priced at 52,800 yuan and 66,800 yuan, respectively, and cumulative sales exceeding 80,000 units since launch [2]

2025.07. 23 本文字数：1369，阅读时长大约2分钟 作者 | 第一财经 胡弋杰 美东时间周二（7月22日），尽管权重股通用汽车重挫拖累大盘表现，但在医疗和房地产板块领涨带 动下，标普500指数微幅收涨，续创历史收盘新高。投资者正在评估企业财报及美国贸易政策动向对 市场的中期影响。 截至收盘，标普500指数上涨0.06%，报6309.62点；道琼斯工业平均指数上涨0.40%，报44502.44 点；纳斯达克综合指数下跌0.39%，报20892.69点。 据央视新闻报道，当地时间7月22日，美国总统特朗普在其社交媒体平台"真实社交"上发文称，当 天，他在白宫会见到访的菲律宾总统马科斯，双方达成了贸易协议。 特朗普称， 将对菲律宾征收19%的关税。菲律宾将对美国开放市场，并实行零关税。 企业财报方面，通用汽车公布的第二季度财报显示，受特朗普政府加征关税影响，公司季度利润大幅 下滑，股价收盘下跌8.1%，创近一年来最大单日跌幅。财报显示，第二季度营收同比下降近2%至约 470亿美元，调整后每股收益为2.53美元，略高于市场预期的2.44美元，但远低于去年同期的3.06美 元；调整后息税前利润同比下降32% ...

智通财经APP获悉，欧洲市值最高的科技企业SAP SE(SAP.US)于周二发布最新财报，营业利润(非国际 财务报告准则)上升至25.68亿欧元，而自由现金流显示出显著改善，达到23.57亿欧元，同比增长83%。 每股收益也呈现强劲增长，基本每股收益(国际财务报告准则)增长91%至1.45欧元，稀释每股收益增长 92%至1.44欧元。 财报发布后，SAP美国存托凭证在纽约证券交易所盘后交易中下跌约1.5%，最终收报306.29美元。阿萨 姆在电话会议中具体解释称，公司约半数收入及过半运营利润以美元计价，而欧元报告体系下，美元贬 值将直接导致收入与利润的欧元换算值缩水。据其测算，美元每贬值1个百分点，公司增长指标将损失 约0.5个百分点，"今年汇率逆风对损益表的影响尤为显著"。 显示其云计算与软件业务增长略低于市场预期。这家总部位于德国沃尔多夫的软件巨头在截至6月30日 的财年中，云计算和软件收入同比增长11%至79.7亿欧元(约合94亿美元)，较汇总分析师预测的79.9亿欧 元存在2000万欧元差距。尽管公司维持全年云计算收入增长预期，但特别提示汇率波动将对相关业务造 成3.5个百分点的负面影响。 晨星高级股 ...

Group 1 - First Busey reported quarterly earnings of $0.63 per share, exceeding the Zacks Consensus Estimate of $0.61 per share, and up from $0.50 per share a year ago, representing an earnings surprise of +3.28% [1] - The company posted revenues of $198.05 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 3.10%, compared to year-ago revenues of $116.24 million [2] - First Busey has surpassed consensus EPS estimates four times over the last four quarters and topped consensus revenue estimates three times during the same period [2] Group 2 - The stock's immediate price movement will depend on management's commentary during the earnings call and the sustainability of earnings expectations [3][4] - First Busey shares have increased by approximately 2.4% since the beginning of the year, while the S&P 500 has gained 7.2% [3] - The current consensus EPS estimate for the upcoming quarter is $0.62 on revenues of $195.9 million, and for the current fiscal year, it is $2.49 on revenues of $728.85 million [7] Group 3 - The Zacks Industry Rank for Banks - Midwest is currently in the top 31% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5] - The estimate revisions trend for First Busey was unfavorable ahead of the earnings release, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6]

男生普通话版 下载mp3 女声普通话版 下载mp3 粤语版 下载mp3 西南方言版 下载mp3 东北话版 下载mp3 上海话版 下载mp3 今日优选 贝森特：8月1日是一个"较为硬性的最后期限" 伪造的鲍威尔辞职信在社交媒体传播 特朗普考虑取消卖房的资本利得税 日本首相石破茂支持率跌至新低 李强签署国务院令，公布《农村公路条例》 外汇局：当前市场对人民币没有明显升值或贬值的单边预期 市场盘点 周二，随着贸易紧张局势以及白宫与美联储的冲突持续，美元指数延续跌势，美盘初持续下挫，最终收跌0.5%，报97.322。美债收益率全线走低，基准的10 年期美债收益率收报4.35%，2年期美债收益率收报3.852%。 现货黄金由跌转涨，站上3430美元关口，最终收涨1.02%，收报3431.64美元/盎司，再创一个多月新高；现货白银再度突破39美元关口，最终收涨0.92%，报 39.29美元/盎司，续刷2011年9月新高。 由于美国与其贸易伙伴之间的谈判日益紧迫，引发对油市需求前景放缓的担忧，国际油价连续第三个交易日走低。WTI原油一度失守65美元关口，尾盘有 所反弹，最终收跌0.52%，报65.34美元/桶；布伦特原油收 ...

Intuitive Surgical, Inc. (ISRG) reported $2.44 billion in revenue for the quarter ended June 2025, representing a year-over-year increase of 21.4%. EPS of $2.19 for the same period compares to $1.78 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.35 billion, representing a surprise of +3.93%. The company delivered an EPS surprise of +14.06%, with the consensus EPS estimate being $1.92.While investors scrutinize revenue and earnings changes year-over-year and how they compare w ...