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…
Tag
Revenue
Business
BlackBerry raises annual revenue forecast on robust demand for cybersecurity services
The Waterloo-based company’s expects revenue between US$234 million and US$244 million for the unit, from its prior forecast of US$230…
Business
HPE posts strong revenue growth, sees reduced tariff impact
Hewlett Packard Enterprise (HPE) reported quarterly revenue that topped estimates and said it expects a reduced impact from tariffs on its…
Business
Livingstone Health back in the black, logs H2 profit of S$0.4 million from streamlining efforts, higher revenue
Livingstone Health Holdings Limited booked a net profit of S$0.4 million for the second half-year ended Mar 31, a reversal of the net loss…
Business
IHH Healthcare revenue could soften on medical inflation measures
IHH Healthcare will likely face “some softening of (patient admissions) and revenue” from measures the group has implemented to combat…
Business
SunMoon sinks to S$1.5 million loss in FY2025 despite higher revenue
Fruit distributor SunMoon Food Company has sunk into the red with a net loss of S$1.5 million for the full year ended March, compared with…
Business
Xiaomi reports 47% revenue growth in Q1 as it launches new electric SUV
China’s Xiaomi reported a 47.4 per cent annual jump in first-quarter revenue on Tuesday (May 27) as the company doubled down on making…
Business
Metro sinks into the red with H2 net loss of S$228.1 million on lower revenue
Metro sank into the red for its second half ended March, with a net loss of S$228.1 million, reversingfrom a S$6.4 million net profit in…
Business
Ralph Lauren beats quarterly revenue estimates on resilient demand
It posted quarterly revenue of US$1.70 billion, compared with estimates of US$1.65 billion Ralph Lauren surpassed quarterly revenue…
Business
Shares of Vans Parent Company VF Corp. Sink After Q4 Revenue Miss
Shares for Timberland and Vans parent company VF Corporation sank 14 percent in pre-market trading on Wednesday morning following…
Business
CDL posts S$1.9 billion in Q1 sales revenue in Singapore property development
Property developer City Developments (CDL) posted sales revenue of S$1.9 billion for its property development segment in the Singapore…
Business
Alibaba misses revenue estimates as it fights for China e-commerce market dominance
[BENGALURU/SHANGHAI] Alibaba posted quarterly revenue that missed analysts’ estimates on Thursday (May 15), as the e-commerce group works…
Business
Coty Reports $71.1M Loss on Skkn Divestiture Amid Q3 Revenue Decline
Coty made a $71.1 million loss on the divestiture of Skkn, Kim Kardashian’s beauty business, the company said in its third-quarter…
Business
Lamborghini quarterly revenue up 29.6% as hybrid models boost deliveries
Italian luxury sports carmaker Lamborghini reported on Tuesday a 29.6 per cent jump in revenue to 895.2 million euros (S$1.3 billion),…
Business
Fashion retailer Hugo Boss reports better-than-expected Q1 revenue
The company posted first-quarter revenue of 999 million euros (S$1.46 billion), slightly below the 1.01 billion euros a year earlier…
Business
ServiceNow eyes US$1 billion revenue for AI product by 2026
The company makes software applications that help companies organise and automate their personnel and information technology operations…
Business
Apple must halt non-App Store sales commissions, judge says
Apple Inc. violated a court order requiring it to open up the App Store to third-party payment options and must stop charging commissions…
Business
eBay announces CFO transition; sees quarterly revenue ahead of estimates
The company’s use of generative artificial intelligence, including its “magical” listing tool, and improvements in search and targeted…
Business
CapitaLand Investment total revenue falls 24% to S$496 million in Q1
CapitaLand Investment (CLI) reported a total revenue of S$496 million for the first quarter ended Mar 31, down 24 per cent from S$650…
Business
Marina Bay Sands Q1 revenue holds steady at US$1.2 billion amid strong operating environment
Net revenue for Marina Bay Sands (MBS) remained steady at around US$1.2 billion for Q1, with the business improving service offerings and…
Business
Egypt's Suez Canal revenue fell sharply in 2024 on regional tensions
Egypt’s revenue from the Suez Canal plunged by almost two thirds last year, officials said on Wednesday, attributing the sharp drop to…
Business
Sinarmas Land’s H2 net profit drops 5.5% to S$154 million on lower revenue, higher costs
Sinarmas Land reported a 5.5 per cent drop in net profit to S$154 million for the half-year ended Dec 31, 2024, from S$163 million in the…
Business
Decathlon sees 5.2% revenue growth in 2024
French sporting goods retailer Decathlon Group has reported a revenue increase of 5.2% in 2024 at constant exchange rates compared to the…
Business
Meituan’s revenue jumps 20% in a boost for global expansion
Meituan’s quarterly revenue climbed 20 per cent, suggesting the Chinese meal delivery leader is successfully fending off new domestic…