Estimates

China’s Alibaba profit tumbles 86% though revenue beats estimates
China’s Alibaba profit tumbles 86% though revenue beats estimates
May 14, 2024
CHINA’S Alibaba Group Holding reported an 86 per cent plunge in fourth-quarter profit on Tuesday (May 14) primarily due to valuation changes from equity investments, pushing its US-listed shares...
Sony profit outlook misses estimates as PS5 appeal wanes
Sony profit outlook misses estimates as PS5 appeal wanes
May 14, 2024
Sony Group said it expects operating income of 1.28 trillion yen (S$11.07 billion) in the year to March, missing analyst expectations for both profit and sales as PlayStation 5...
IPhone maker Hon Hai misses profit estimates in a China downturn
IPhone maker Hon Hai misses profit estimates in a China downturn
May 14, 2024
Hon Hai Precision Industry reported a weaker-than-expected profit in the first quarter as demand for iPhones remained sluggish in China. The Taiwanese company reported net profit of NT$22 billion (S$918.4...
Tencent Music beats quarterly revenue estimates
Tencent Music beats quarterly revenue estimates
May 13, 2024
China’s Tencent Music Entertainment Group beat first-quarter revenue estimates on Monday (May 13), thanks to steady growth in paid subscriptions and advertising services on its Spotify-like music streaming platform.The...
Warner Bros Discovery misses estimates for quarterly revenue
Warner Bros Discovery misses estimates for quarterly revenue
May 9, 2024
WARNER Bros Discovery missed Wall Street estimates for first-quarter revenue on Thursday (May 9), weighed down by a weak advertising market and strike-related delays at its studio segment. Shares of...
Japan’s Nippon Steel full-year profit down 21%, beats estimates
Japan’s Nippon Steel full-year profit down 21%, beats estimates
May 9, 2024
Nippon Steel, Japan’s biggest steel maker, posted on Thursday (May 9) a 20.8 per cent fall in net profit for the year ended in March to 549.4 billion yen...
Brokers’ take: Analysts positive on Aims Apac Reit’s prospects; trim targets on lower earnings estimates
Brokers’ take: Analysts positive on Aims Apac Reit’s prospects; trim targets on lower earnings estimates
May 9, 2024
ANALYSTS are optimistic on Aims Apac real estate investment trust’s (AA Reit) growth, although its FY2024 distribution per unit (DPU) fell short of expectations. On Wednesday (May 8), both...
Robinhood beats profit estimates on interest income strength
Robinhood beats profit estimates on interest income strength
May 8, 2024
TRADING app Robinhood Markets beat estimates for first-quarter profit thanks to strong trading volumes and rate hikes that boosted its net interest revenue and sent shares up about 6 per cent...
Fox profit beats estimates as lower costs help offset ad revenue weakness
Fox profit beats estimates as lower costs help offset ad revenue weakness
May 8, 2024
Fox Corp beat Wall Street estimates for third-quarter profit on Wednesday (May 8), due to lower expenses, even as its revenue tumbled more than 15 per cent on weakness...
New York Times beats profit estimates on bundle strength
New York Times beats profit estimates on bundle strength
May 8, 2024
NEW York Times reported first-quarter profits that beat analysts’ expectations, driven by the strength of the publisher’s online offerings. Earnings came to 31 cents a share, excluding some items, the...