HP forecasts downbeat first-quarter profit amid slow PC market recovery
By Samrhitha A (Reuters) -HP Inc on Tuesday forecast first-quarter profit below Wall Street estimates but maintained annual earnings outlook, a sign that demand in the personal computers market is still recovering,…
Cadence’s downbeat fourth-quarter forecast signals weakness in chip industry
(Reuters) – Cadence Design Systems forecast fourth-quarter revenue and adjusted profit below Wall Street estimates on Monday, as slower R&D spending by semiconductor firms navigating a tough economy weighs on the chip…
New Zealand 2nd qtr business confidence continues to improve but still downbeat –think-tank
By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s business confidence in the second quarter continued to pick up from low levels but firms remain downbeat, a private think tank said on Tuesday.…
Chipmaker GlobalFoundries forecasts downbeat quarter, shares fall
(Reuters) – GlobalFoundries Inc projected quarterly revenue below estimates on Tuesday as the chip manufacturer takes a hit from slumping sales of smartphones and other consumer electronics, sending its shares down nearly…
Italy business and consumer morale rise in April but manufacturers more downbeat
ROME, April 27 (Reuters) – Morale amongst Italian businesses and consumers rose in April, data showed on Thursday, but sentiment in the manufacturing sector was more downbeat as the outlook remains uncertain…
NY Fed survey finds Americans more downbeat on credit access
By Michael S. Derby NEW YORK (Reuters) – Americans said last month that access to credit was at its toughest level in nearly a decade, as they also braced for higher levels…
European chemicals firms downbeat on 2023 prospects
By Bartosz Dabrowski, Andrey Sychev and Tristan Chabba (Reuters) – European chemical producers painted a bleak picture of their prospects for 2023 on Thursday, citing the continuing fallout from Russia’s invasion of…
Italy business and consumer morale rises in December, but manufacturers more downbeat
ROME, Dec 23 (Reuters) – Morale amongst Italian businesses and consumers rose in December, data showed on Friday, although the manufacturing sector was more downbeat. National statistics institute ISTAT’s composite business morale…
Roku dives as tough ad market drives downbeat forecasts
(Reuters) -Roku Inc shares dropped 14% to a more than three-year low on Thursday following downbeat forecasts a day earlier, as the streaming tech provider suffers from a collapse in advertising dollars.…
Marketmind: Downbeat on the downshift
A look at the day ahead in U.S. and global markets from Mike Dolan. The recent burst of stock market optimism around the world still seems to be on shaky ground. Despite…
Europe’s banks flash some good news but downbeat on economy
By Tom Sims and Sinead Cruise FRANKFURT/LONDON – European banks this week offered flashes of surprisingly good news on profits, but some executives spoke of a bleak outlook for the rest of…
Italy business and consumer morale rise in May but manufacturing still downbeat
ROME, May 26 – Morale amongst Italian businesses and consumers rose in May, data showed on Thursday, with service industries regaining confidence despite the ongoing war in Ukraine while manufacturers remained downbeat.…
Analysts downbeat on Citigroup’s repair timeline, Russia risks
By David Henry NEW YORK – Bank analysts offered downbeat assessments on Thursday of the timeline Citigroup Inc laid out this week for lifting profits and some said the risk of losses…
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