eBay forecasts Q2 revenue below estimates as consumer spending remains strained
E-COMMERCE firm eBay forecast second-quarter revenue below Wall Street estimates on Wednesday (May 1), as demand cools for its key ...
Tag: Spending
PayPal lifts 2024 profit forecast as spending stays resilient, margins improve
PAYPAL raised its full-year adjusted profit forecast on Tuesday (Apr 30), as the payments giant benefited from robust consumer spending, ...
McDonald’s sales miss estimates as customers cut back spending
McDonald’s fell short of Wall Street estimates for first-quarter sales on Tuesday (Apr 30) as budget-conscious consumers cut back on ...
Visa results beat expectations on strong consumer spending trends
VISA sailed past Wall Street estimates for second-quarter profit and revenue on Tuesday (Apr 23), as consumers shrugged off worries ...
American Express beats profit estimates on strong spending by wealthy customers
AMERICAN Express’s first-quarter profit vaulted past Wall Street estimates on Friday (Apr 19), driven by an affluent customer base that ...
Samsung to hike Texas chip spending to US$44 billion, WSJ says
SAMSUNG Electronics aims to raise its investment in Texas to about US$44 billion, the Wall Street Journal reported, citing people ...
Philippine Airlines sets US$450 million of spending as tourism rebounds
PHILIPPINE Airlines has set a spending budget of US$450 million for this year, more than double the US$170 million allotted ...
Ericsson to lay off 1,200 staff in Sweden as 5G spending slows
ERICSSON on Monday (Mar 25) said it would lay off about 1,200 employees in Sweden as part of cost-cutting measures ...
Reddit may need to ramp up spending on content moderation, analysts say
REDDIT will need to spend heavily on content moderation as it prepares for greater scrutiny as a public company, analysts ...
Indonesia’s consumer companies to ride election spending, populist policies
DESPITE rising inflationary pressures, consumer companies in Indonesia are expected to be lifted by election-driven spending and a likely continuation ...
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