Forecast
Japan’s big banks forecast record profits, signal new optimism as domestic rates normalise
JAPAN’S three biggest banks forecast record income in the coming year on Wednesday (May 15), signalling increased optimism about an economy that has only just exited from years of...
Arm shares fall after company gives tepid annual forecast
ARM Holdings shares tumbled after the chip designer gave a lukewarm revenue forecast for the fiscal year, raising concerns that the tech industry’s artificial intelligence (AI) spending spree is...
Uber shares tumble on surprise net loss, weak second-quarter forecast
UBER posted a surprise first-quarter loss and forecast gross bookings in the second quarter below Wall Street expectations, sending the shares of the ride-share and food delivery company down...
Expedia shares sink as vacation rental weakness fuels revenue forecast trim
EXPEDIA shares tumbled as much as 13 per cent to a near six-month low in early trading on Friday (May 3), after the online booking firm cut its annual...
Apple rallies most in 18 months on upbeat forecast, buyback
APPLE shares jumped the most in almost a year-and-a-half after the company posted stronger-than-expected sales last quarter and predicted a return to growth in the current period, sparking optimism...
Block raises annual forecast on resilient consumer spending
JACK Dorsey-led Block lifted its forecast for annual adjusted core earnings on Thursday as the payments firm bet on resilient consumer spending and its own cost-cutting measures.Shares of the...
Thomson Reuters lifts 2024 forecast on first quarter revenue result
THOMSON Reuters beat first quarter revenue forecasts, lifted its financial outlook for 2024 and raised its annual dividend by 10 per cent to US$2.16 on Thursday (May 2) as...
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...
