Estimates
Tencent Music beats quarterly revenue estimates
CHINA’S Tencent Music Entertainment Group beat fourth-quarter revenue estimates on Tuesday (Mar 19), driven by growth in paid subscription on its Spotify-like music streaming platform. The audio entertainment platform...
JD.com beats quarterly revenue estimates as heavy discounts buoy demand
CHINESE online retailer JD.com reported fourth-quarter revenue above estimates on Wednesday (Mar 6) and upsized its share repurchase program, as aggressive price cuts helped revive demand from consumers grappling...
Dell reports sales that top estimates on AI server excitement
DELL Technologies reported better-than-expected sales and profit as corporations appear to be updating their information technology equipment to meet artificial intelligence (AI) demand. The shares jumped about 17 per...
HP reports sales that miss estimates with PC slump dragging on
HP REPORTED quarterly revenue that missed estimates, battered by the ongoing slump in personal computer (PC) sales. Revenue declined 4.4 per cent to US$13.2 billion in the period ended...
AMC theatre chain’s profit falls short of estimates, shares drop
AMC Entertainment Holdings, the world’s largest theatre chain, reported fourth-quarter earnings that fell short of Wall Street estimates, sending the shares lower. AMC posted a profit of US$42.5 million...
Canada’s RBC beats profit estimates boosted by higher interest income
CANADA’S No 1 lender Royal Bank of Canada on Wednesday (Feb 28) beat analysts’ estimates for quarterly profit as higher interest rates helped the bank earn more on its...
Virgin Galactic revenue misses estimates, will focus on Delta ships
VIRGIN Galactic Holdings fourth-quarter revenue fell short of Wall Street expectations as the space tourism company works to rein in costs and slow its launch schedule while developing a...
Beyond Meat tops revenue estimates, plans ‘steep’ cost cuts in 2024; shares soar
BEYOND Meat on Tuesday topped market expectations for fourth-quarter revenue on resilient demand for its faux meat patties in key markets outside the United States, and said it would...
