Forecast
Nvidia’s forecast dampens AI enthusiasm in other tech stocks
NVIDIA dragged technology heavyweights lower and sent stocks in Asia down on Thursday (Aug 29). This came after the chip maker’s earnings disappointed investors who had been hoping they...
Australia’s Guzman y Gomez profit beats forecast in first earnings since IPO
AUSTRALIA’S Guzman y Gomez reported a surge in full-year profit, outperforming its prospectus forecast after the Mexican-themed fast-food chain’s bumper June debut.The Sydney-based company reported pro forma net profit...
Cisco gives upbeat sales forecast even as it cuts jobs
CISCO Systems, the biggest maker of computer networking equipment, gave a bullish revenue forecast for the current period thanks to a rebound in orders, but also announced plans to...
Opec cuts 2024 oil demand growth forecast, citing China
OPEC on Monday (Aug 12) cut its forecast for global oil demand growth in 2024, citing weaker than expected data for the first half of the year and softer...
Opec cuts oil demand growth forecast, highlighting dilemma over Oct hike
OPEC on Monday (Aug 12) cut its forecast for global oil demand growth in 2024 citing softer expectations for China, a reduction that highlights the dilemma faced by the...
Tokyo Electron ups forecast after AI demand helps sales beat
TOKYO Electron raised its profit forecast for the fiscal year to March after reporting a better-than-expected surge in sales.
The Japanese provider of semiconductor-patterning systems said it sees operating profit...
Shopify soars as AI focus powers quarterly beat, bullish forecast
SHOPIFY beat analysts’ estimates for second-quarter results and forecast upbeat sales growth on Wednesday (Aug 7) as its AI-enabled tools attracted more merchants to its e-commerce services, sending its...
Hilton lifts 2024 profit forecast on international travel demand
HOTEL operator Hilton Worldwide raised its forecast for 2024 profit on Wednesday (Aug 7), banking on international travel demand to remain strong and offset losses from normalising domestic travel...
