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EA Revises Revenue Forecast After EA Sports FC 25, Dragon Age: The Veilguard Sales Disappoint
Electronic Arts shares sank more than 15 percent on Thursday. FC 25 was hit with mixed reviews as players bemoaned the lack of new features and innovation, including in-game physics and goal-scoring mechanisms, Jefferies analysts said.
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Apple's iPhone Sales Target Billions Below Wall Street Expectations as China Business Suffers
Apple on Thursday forecast a drop in iPhone sales and targeted overall revenue $6 billion (roughly Rs. 49,714 crore) below Wall Street expectations as its China business took a hit. This overshadowed overall fiscal first-quarter sales and profit that beat analysts' targets, powered by iPhone growth, sending Apple shares down 3 percent in after-ho...
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Apple Shares Weaken After Warning of Dull Holiday Quarter
Apple shares on Friday pared losses that were driven by its forecast for a subdued holiday quarter after a US jobs report bolstered hopes of a pause in interest rate hikes by the Federal Reserve. The stock was down 1.5 percent in early trading, having fallen more than 3 percent before the bell.
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Dell Forecasts Yearly Revenue to Reach Up to 91.5 Billion Amid AI Boom, Recovering Demand for PCs
Dell Technologies raised its full-year forecast for revenue and profit on Thursday, as it benefited from the artificial intelligence (AI) boom and stabilizing demand for computer hardware and server products after a months-long slump.
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Snapchat's Daily Active Users Rise 14 Percent YoY to 397 Million in Q2 2023, Snap Gives Weak Outlook for Q3
Photo messaging app owner Snap on Tuesday gave weaker third-quarter guidance than analysts had expected as it works to compete with tech giants for advertising dollars, sending its shares down 18 percent. The company's Snapchat app has attracted hundreds of millions of users thanks to its light-hearted photo filters and new AI-powered chatbot that ...
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Spotify Active Monthly Users Grows to 551 Million, Premium Subscriptions Rise 17 Percent in Second Quarter
Spotify Technology on Tuesday reported second-quarter results that comfortably beat expectations for both monthly active users and subscribers, and forecast the number of listeners each month would reach 572 million next quarter.
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"Artificially High" Growth Predicted For China In Q2: Report
China's economic growth is expected to have surged in the second quarter, an AFP survey has forecast, but analysts say Monday's figures will be misleadingly inflated given the low base of comparison with pandemic-wracked 2022.
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Grand Theft Auto, NBA 2K Drive Take-Two Quarterly Sales to $1.39 Billion, Beating Wall Street Estimates
Take-Two Interactive Software on Wednesday beat analyst estimates for quarterly adjusted sales on strong demand from legacy titles "NBA 2K" and "Grand Theft Auto", sending the video game publisher's shares up 8 percent in extended trading.
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Top American Banks Exceed Earnings Expectations On Higher Interest Rates
Top American banks delivered healthy quarterly profit gains on Friday, beating analyst forecasts as the sector's biggest names emerged unscathed from the turmoil hitting smaller lenders, Asia Nikkei reported.
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Asian Development Bank Keeps India's Growth Forecast Unchanged At 7%
Asian Development Bank (ADB): For 2023-24, the GDP growth has been kept unchanged at 7.2 per cent.
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Sensex Falls A Modest 45 Points Ahead Of RBI's Policy Decision
Stock Market India: Equity benchmarks rose on Wednesday, stalling a four-day losing streak ahead of a widely expected rate hike.
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Rupee Could End 2022 Higher Than Earlier View As Dollar Slips: Report
The Indian rupee could end the year higher than earlier forecast, according to a few analysts who have reviewed their calls based on sliding dollar and improving outlook on Asian currencies following the USinflation data.
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PayPal Shares Dropped Nearly 6 Percent as Company Warned About Bleak Holiday Quarter
PayPal Holdings shares dropped nearly 6 percent in morning trade on Friday after the digital payments heavyweight lowered its annual revenue forecast, warning of a bleak holiday quarter as consumers cut back on discretionary spends. Decades-high inflation has hit the purchasing power of consumers who also have to contend with the threat of a loomi...
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Tinder's Paying Users Increase by 7 Percent as Match Forecasts Flat Q4 Revenue Amid Weak Economy
Tinder parent firm Match on Tuesday reported that its revenue grew 6 percent and its paying users jumped 7 percent, aided by the return of a feature that lets users swipe right and left from their desktops. However, Match has predicted that Tinder's growth will be flat in the fourth quarter of the year, warning that a weakening global economy was h...
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Fitch Slashes India's GDP Growth Forecast To 7% From 7.8% For This Year
Fitch expects the Indian economy to slow down and said in a statement released late on Wednesday.
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EA Revises Revenue Forecast After EA Sports FC 25, Dragon Age: The Veilguard Sales Disappoint
Electronic Arts shares sank more than 15 percent on Thursday. FC 25 was hit with mixed reviews as players bemoaned the lack of new features and innovation, including in-game physics and goal-scoring mechanisms, Jefferies analysts said.
-
Apple's iPhone Sales Target Billions Below Wall Street Expectations as China Business Suffers
Apple on Thursday forecast a drop in iPhone sales and targeted overall revenue $6 billion (roughly Rs. 49,714 crore) below Wall Street expectations as its China business took a hit. This overshadowed overall fiscal first-quarter sales and profit that beat analysts' targets, powered by iPhone growth, sending Apple shares down 3 percent in after-ho...
-
Apple Shares Weaken After Warning of Dull Holiday Quarter
Apple shares on Friday pared losses that were driven by its forecast for a subdued holiday quarter after a US jobs report bolstered hopes of a pause in interest rate hikes by the Federal Reserve. The stock was down 1.5 percent in early trading, having fallen more than 3 percent before the bell.
-
Dell Forecasts Yearly Revenue to Reach Up to 91.5 Billion Amid AI Boom, Recovering Demand for PCs
Dell Technologies raised its full-year forecast for revenue and profit on Thursday, as it benefited from the artificial intelligence (AI) boom and stabilizing demand for computer hardware and server products after a months-long slump.
-
Snapchat's Daily Active Users Rise 14 Percent YoY to 397 Million in Q2 2023, Snap Gives Weak Outlook for Q3
Photo messaging app owner Snap on Tuesday gave weaker third-quarter guidance than analysts had expected as it works to compete with tech giants for advertising dollars, sending its shares down 18 percent. The company's Snapchat app has attracted hundreds of millions of users thanks to its light-hearted photo filters and new AI-powered chatbot that ...
-
Spotify Active Monthly Users Grows to 551 Million, Premium Subscriptions Rise 17 Percent in Second Quarter
Spotify Technology on Tuesday reported second-quarter results that comfortably beat expectations for both monthly active users and subscribers, and forecast the number of listeners each month would reach 572 million next quarter.
-
"Artificially High" Growth Predicted For China In Q2: Report
China's economic growth is expected to have surged in the second quarter, an AFP survey has forecast, but analysts say Monday's figures will be misleadingly inflated given the low base of comparison with pandemic-wracked 2022.
-
Grand Theft Auto, NBA 2K Drive Take-Two Quarterly Sales to $1.39 Billion, Beating Wall Street Estimates
Take-Two Interactive Software on Wednesday beat analyst estimates for quarterly adjusted sales on strong demand from legacy titles "NBA 2K" and "Grand Theft Auto", sending the video game publisher's shares up 8 percent in extended trading.
-
Top American Banks Exceed Earnings Expectations On Higher Interest Rates
Top American banks delivered healthy quarterly profit gains on Friday, beating analyst forecasts as the sector's biggest names emerged unscathed from the turmoil hitting smaller lenders, Asia Nikkei reported.
-
Asian Development Bank Keeps India's Growth Forecast Unchanged At 7%
Asian Development Bank (ADB): For 2023-24, the GDP growth has been kept unchanged at 7.2 per cent.
-
Sensex Falls A Modest 45 Points Ahead Of RBI's Policy Decision
Stock Market India: Equity benchmarks rose on Wednesday, stalling a four-day losing streak ahead of a widely expected rate hike.
-
Rupee Could End 2022 Higher Than Earlier View As Dollar Slips: Report
The Indian rupee could end the year higher than earlier forecast, according to a few analysts who have reviewed their calls based on sliding dollar and improving outlook on Asian currencies following the USinflation data.
-
PayPal Shares Dropped Nearly 6 Percent as Company Warned About Bleak Holiday Quarter
PayPal Holdings shares dropped nearly 6 percent in morning trade on Friday after the digital payments heavyweight lowered its annual revenue forecast, warning of a bleak holiday quarter as consumers cut back on discretionary spends. Decades-high inflation has hit the purchasing power of consumers who also have to contend with the threat of a loomi...
-
Tinder's Paying Users Increase by 7 Percent as Match Forecasts Flat Q4 Revenue Amid Weak Economy
Tinder parent firm Match on Tuesday reported that its revenue grew 6 percent and its paying users jumped 7 percent, aided by the return of a feature that lets users swipe right and left from their desktops. However, Match has predicted that Tinder's growth will be flat in the fourth quarter of the year, warning that a weakening global economy was h...
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Fitch Slashes India's GDP Growth Forecast To 7% From 7.8% For This Year
Fitch expects the Indian economy to slow down and said in a statement released late on Wednesday.
