Estimates
Qualcomm forecast beats estimates as AI drives chip sales in China
QUALCOMM on Wednesday forecast quarterly sales and adjusted profit above Wall Street expectations, driven by selling more and pricier chips into Android smartphones with artificial-intelligence features.After a smartphone slump...
eBay forecasts Q2 revenue below estimates as consumer spending remains strained
E-COMMERCE firm eBay forecast second-quarter revenue below Wall Street estimates on Wednesday (May 1), as demand cools for its key product categories such as collector’s items and auto parts,...
AIG beats profit estimates on underwriting strength
AMERICAN International Group (AIG) exceeded first-quarter profit expectations on Wednesday (May 1), driven by growth in its general insurance as well as life and retirement divisions, and lower catastrophe...
Kraft Heinz misses sales estimates as higher prices deter customers
KRAFT Heinz missed Wall Street estimates for first-quarter sales on Wednesday (May 1), signalling inflation-weary consumers were pushing back against its higher-priced branded lunch combos, mac and cheese, and...
DuPont beats profit estimates, raises full-year forecasts
INDUSTRIAL materials maker DuPont de Nemours beat Wall Street estimates for first-quarter profit and raised its full-year forecasts on Wednesday (May 1), as it benefited from higher sales in...
UAE’s top bank FAB beats Q1 profit estimates
THE United Arab Emirates’ biggest lender by assets, First Abu Dhabi Bank (FAB) beat estimates on Wednesday (May 1) with first-quarter net profit of 4.15 billion dirhams (S$1.54 billion).The...
AMD slides after AI chip forecast misses lofty estimates
Advanced Micro Devices (AMD) shares declined as much as 9.1 per cent in extended trading after the chipmaker gave a disappointing forecast for artificial intelligence (AI) processors, a lucrative...
Amazon results beat estimates, revenue forecast misses
Amazon.com reported quarterly results above Wall Street’s expectations on Tuesday (Apr 30), as interest in artificial intelligence (AI) helped drive cloud-computing growth.Chief executive Andy Jassy told analysts that for...
