Business
Wall Street forecasts windfall for big US banks from Fed plan to ease leverage rule
Large US global banks can expect as much as US$6 trillion in additional balance sheet capacity and billions in freed up capital under a…
Tag
Forecasts
Business
Micron forecasts revenue above estimates on AI-driven memory chip demand
The company expects an adjusted gross margin of about 42%, plus or minus 1%. Micron Technology forecast fourth-quarter revenue above Wall…
Business
FedEx forecasts profits below analysts’ target, shares dive 5% after hours
FedEx signalled caution ahead with a forecast for the current quarter that was short of the target set by analysts, and shares of the…
Business
Zoom lifts annual forecasts on robust demand amid AI push
Communications raised its annual revenue forecast on Wednesday, benefiting from hybrid work trends and the integration of artificial…
Business
Bank of Japan keeps rates steady, cuts growth forecasts on US tariff hit
The Bank of Japan (BOJ) kept interest rates steady and sharply cut its growth forecasts on Thursday (May 1), suggesting uncertainty…
Business
Heineken's Q1 sales slightly beat forecasts
“...we are performing within the range of expectations,” says CEO Dolf van den Brink Source link
Business
Analysts raise gold price forecasts after spot prices hit fresh record
Gold’s record-breaking rally is not over yet, especially amid looming recession risks and central bank demand, said analysts. After spot…
Business
Zoom issues dour revenue forecasts as demand slows
ZOOM Communications forecast revenue for the full year and the first quarter below Wall Street estimates on Monday as the company…
Business
US: Nasdaq, S&P 500 open lower as Alphabet, AMD forecasts disappoint
THE tech-heavy Nasdaq led losses among the major Wall Street indexes at the open on Wednesday (Feb 5), following downbeat forecasts from…
Business
Spotify forecasts profit above estimates on subscriber growth, price increases
In the fourth quarter, premium subscribers rose 11 per cent to 263 million, compared with Visible Alpha estimates of 260 million. SPOTIFY…
Business
Lululemon raises annual forecasts betting on robust holiday sales
LULULEMON Athletica increased its full-year forecasts on Thursday (Dec 5), betting on resilient demand for its athletic wear in the US…
Business
HP, Dell’s weak forecasts spark share sell-off, doubts over PC market recovery
SHARES of Dell and HP fell on Wednesday (Nov 27) after the personal computer makers issued forecasts that cast doubt on a market recovery…
Business
Netflix defeats shareholder lawsuit over growth forecasts
NETFLIX won the dismissal on Tuesday of a shareholder lawsuit accusing the streaming company of downplaying the impact on subscriber…
Business
China retail sales pick up speed, beat forecasts in October
Chinese policymakers are grappling with slumping domestic consumption (STR) China's retail sales last month grew at their fastest clip…
Business
PayPal forecasts Q4 revenue below estimates as profit push puts growth behind
PAYPAL forecast fourth-quarter revenue below estimates on Tuesday (Oct 29) as the digital payments company shifts its focus to…
Business
LSEG’s third-quarter income tops forecasts, shares hit record
LONDON Stock Exchange Group said on Thursday (Oct 24) that its income rose a better-than-expected 9.5 per cent in the third quarter after…
Business
Nvidia supplier SK Hynix posts record Q3 profit, beats forecasts
SOUTH Korea’s SK Hynix on Thursday posted a record quarterly profit as the Nvidia supplier saw strong sales of its advanced chips such as…
Business
TSMC’s Q3 profit handily beats forecasts on AI boom
TAIWAN Semiconductor Manufacturing Company (TSMC), the dominant producer of advanced chips used in artificial intelligence (AI)…
Business
Morgan Stanley profit exceeds forecasts on dealmaking surge; shares jump to record
MORGAN Stanley’s profit surpassed estimates on a bumper third quarter for investment banking that had also buoyed rivals, sending its…
Business
Delta forecasts record Q4 profit on improved pricing, strong holiday bookings
DELTA Airlines said on Thursday (Oct 10) that the current quarter has shaped up to be one of the most profitable fourth quarters in its…