Forecast
Booking’s soft forecast overshadows second-quarter earnings beat
BOOKING, the parent company to almost a dozen travel brands including Kayak and Priceline, delivered a disappointing forecast for the third quarter, even as it posted second-quarter results that...
Thomson Reuters raises sales forecast as earnings top estimates
THOMSON Reuters reported second-quarter earnings that topped Wall Street expectations on Thursday (Aug 1) as revenue rose 6 per cent and it continued to aggressively deploy artificial intelligence technology...
Moderna cuts 2024 sales forecast, sees low EU vaccine revenue into 2026
MODERNA on Thursday (Aug 1) cut its 2024 sales forecast for Covid-19 and respiratory syncytial virus vaccines by up to 25 per cent, or US$1 billion, due partly to...
Qualcomm gives bullish forecast after phone demand perks up
QUALCOMM, the world’s biggest seller of smartphone processors, gave a strong revenue forecast for the current period, indicating that demand for phones is rebounding.Revenue in the quarter ending in...
GSK raises annual profit and sales forecast after second quarter beat
BRITISH drugmaker GSK raised its annual earnings and sales forecasts on Wednesday (Jul 31) and posted second-quarter results that beat market expectations, boosted by its cancer and HIV portfolio.
CEO...
Pfizer lifts annual profit forecast on strong cancer, heart drug sales
Pfizer also expects full-year revenue of US$3.5 billion from its antiviral drug, Paxlovid, which is used in high-risk Covid casesPfizer, which is dealing with a sharp revenue drop from...
Merck cuts annual profit forecast
Merck on Tuesday (Jul 30) cut its full-year earnings forecast, mainly due to one-time charges from its acquisition of eye-focused drug developer EyeBio.Merck now expects 2024 earnings of US$7.94...
PayPal lifts 2024 profit forecast as spending holds up, margins improve
PAYPAL on Tuesday (Jul 30) raised its forecast for full-year adjusted profit for the second time, betting on resilient consumer spending in the back-to-school and upcoming holiday shopping seasons,...
