China Jinmao Holdings Group Ltd
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Based in Hong Kong
Company profile

China Jinmao Holdings Group Limited, formerly Franshion Properties (China) Limited is an investment holding company. The Company, along with its subsidiaries, is principally engaged in development of, investment in and operation of real estate projects, focusing on city and property development, hotel operations, commercial leasing and retail operations. The Company operates in four segments. City and Property Development segment develops city complexes and properties and develops land. Commercial Leasing and Retail Operations segment leases office and retail commercial premises. Hotel Operations segment provides hotel accommodation services, food and beverage. Others segment mainly comprises the provision of property management, design and decoration services, and the operation of an observation deck.

This security is an American depositary receipt
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Datadog tops earnings expectations, but stock falls with guidance seen as conservative

7:54 am ET August 4, 2022 (MarketWatch)

Shares of Datadog Inc. (DDOG) were falling more than 9% in premarket trading Thursday after the cloud-monitoring company beat expectations with its second-quarter results but delivered a third-quarter revenue outlook that fell just shy of the FactSet consensus at the midpoint. The company recorded a net loss of $4.88 million, or 2 cents a share, compared with a loss of $9.36 million, or 3 cents a share, in the year-earlier quarter. On an adjusted basis, Datadog earned 24 cents a share, up from 9 cents a share a year before and ahead of the FactSet consensus, which was for 15 cents a share. Datadog's revenue increased to $406.1 million from $233.5 million, whereas analysts were projecting $382 million. For the third quarter, Datadog executives model revenue of $410 million to $414 million along with adjusted earnings per share of 15 cents to 17 cents. Analysts tracked by FactSet were looking for $413 million in September-quarter revenue and 16 cents in adjusted EPS. For the full year, the management team anticipates $1.61 billion to $1.63 billion in revenue and 74 cents to 81 cents in adjusted EPS. The FactSet consensus was for $1.63 billion in revenue along with 75 cents in adjusted EPS. The company's "guidance shows conservatism" as it was increased "not by the magnitude we've become accustomed to," RBC Capital Markets analyst Matthew Hedberg said in a note to clients. Shares of Datadog have lost 37% so far this year as the S&P 500 has dropped 13%.

-Emily Bary


(END) Dow Jones Newswires

August 04, 2022 07:54 ET (11:54 GMT)

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