Sales
Australia’s Coles beats annual profit view on strong supermarket sales
COLES, Australia’s second-largest grocer, posted its annual profit above analysts’ estimates on Tuesday, fuelled by strong sales at its supermarkets and improved inventory management that effectively mitigated theft-induced stock...
Zoom projects better-than-expected sales growth on new products
ZOOM Video Communications gave a sales forecast for the current quarter that beat analysts’ estimates as the company expands its suite of products.Revenue will be US$1.16 billion to US$1.17...
Xiaomi Q2 revenue beats estimate, reveals auto unit sales
CHINA’S Xiaomi Corp on Wednesday (Aug 21) reported higher-than-expected revenue for the second quarter, revealing for the first time its auto business unit’s contribution of 6.2 billion yuan (S$1.1...
WHALEN and FUSS: gov’t should allow alcohol sales in grocery stores
Breadcrumb Trail LinksNewsAlbertaOpinionColumnistsPublished Aug 21, 2024 • Last updated 1 hour ago • 2 minute read You can save this article by registering for free here. Or sign-in if you...
Goldman cuts US recession risk following retail sales, jobs data
GOLDMAN Sachs Group economists lowered the probability of a US recession in the next year to 20 per cent from 25 per cent, citing last week’s retail sales and...
US: Wall Street opens higher on retail sales boost
WALL Street’s main indices opened higher on Thursday (Aug 15) as retail sales data for July indicated resilient consumer spending, allaying fears of an imminent recession in the world’s...
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...
Tencent’s sales growth sped up after blockbuster game release
TENCENT Holdings’ revenue accelerated its growth after the blockbuster summer release of Dungeon & Fighter Mobile helped lift China’s most valuable company out of a gaming trough.Revenue jumped 8...
