Micron revenue forecasts strong recovery, shares jump
By Arsheeya Bajwa and Max A. Cherney (Reuters) – Micron Technology forecast quarterly revenue above market estimates on Wednesday, and its shares jumped nearly 5% in extended trading on signs…
Adobe embroiled in anti-trust issues, forecasts revenue below estimates
By Arsheeya Bajwa (Reuters) – Photoshop maker Adobe said on Wednesday it was facing regulatory scrutiny over its subscription models and forecast annual and quarterly revenue below estimates, sending its…
Zoom lifts annual results forecast as AI features boost demand
By Samrhitha A (Reuters) – Zoom Video Communications raised its annual revenue and profit forecasts on Monday, as hybrid work trends and the integration of artificial intelligence technology into its…
Cisco lowers annual forecasts on slowdown in new orders
By Samrhitha A (Reuters) – Cisco Systems cut its full-year revenue and profit forecasts on Wednesday in a sign that demand for its networking equipment was slowing, sending the company’s…
Japan’s JSR slashes profit forecast on chip recovery weakness
By Sam Nussey and Miho Uranaka TOKYO (Reuters) – Japanese chip materials maker JSR Corp on Monday slashed its operating profit forecast for the current financial year by 62%, citing…
Paramount narrows streaming loss forecast as investments peak
By Samrhitha Arunasalam (Reuters) – Paramount Global shares surged 10% on Friday, after the media company narrowed the 2023 loss forecast for its fast-growing streaming business as investments peaked a…
Zalando cuts 2023 sales forecast as demand stays weak
By Helen Reid LONDON (Reuters) – Europe’s biggest online fashion retailer Zalando sees continued pressure on demand for the rest of the year and now expects 2023 sales to decline,…
Ford shares fall after pulling full-year forecast, wider losses in EV unit
By Shivansh Tiwary (Reuters) – Shares of Ford Motor Co closed down 12.3% on Friday, after the automaker reported a wider loss from its electric-vehicle (EV) business due to pressures…
India’s Wipro slides, weighs on IT peers, on weak revenue forecast
By Varun Vyas BENGALURU (Reuters) – Shares of Wipro dropped to a three-month low and weighed on other Indian IT companies on Thursday after the country’s fourth-largest IT services provider…
HP forecasts 2024 profit in line with estimates, boosts annual dividend
By Samrhitha Arunasalam (Reuters) – HP Inc on Tuesday forecast fiscal 2024 earnings largely in line with estimates and raised its annual dividend, reflecting stabilizing demand in the personal computers…