Lucid forecasts annual vehicle production below estimates
(Reuters) -Lucid Group forecast annual vehicle production far below analysts’ estimates on Wednesday, on signs that demand for its luxury electric vehicles will slow down as high interest rates pinch consumer budgets.…
Applied Materials forecasts upbeat first-quarter revenue on resilient demand
By Samrhitha A (Reuters) -Applied Materials forecast first-quarter revenue above analysts’ estimates on Thursday, but the company’s shares fell more than 7% after the bell following a report that the semiconductor equipment…
Israel’s Tower Semiconductor forecasts quarterly revenue decline, shares fall
(Reuters) – Israeli firm Tower Semiconductor forecast a decline in quarterly revenue on Monday as chip firms faced with a supply glut continue to correct inventory. U.S.-listed shares of the contract chipmaker…
Twilio forecasts fourth-quarter profit above estimates on active customer accounts growth
(Reuters) – Cloud service provider Twilio on Wednesday forecast fourth-quarter profit above Wall Street estimates on an increase in its active customer accounts. The company’s shares rose 8.4% to $60.50 after the…
Take-Two Interactive forecasts downbeat bookings on sluggish demand
(Reuters) – Take-Two Interactive Software on Wednesday forecast third-quarter net bookings below market expectations, hurt by a slowdown in spending on the company’s gaming titles such as “Grand Theft Auto” and “Red…
Chipmaker NXP forecasts profit above estimates on resilient auto, industrial
(Reuters) – Chipmaker NXP Semiconductors forecast fourth-quarter profit above Wall Street targets on Monday, expecting a resilient automotive market and stable industrial demand to offset weakness in other key markets. To protect…
Phil Murphy Facing Second Clean Energy Crisis After Automakers Pull Back on EV Forecasts
TRENTON, NJ — The dust hasn’t settled on New Jersey Governor Phil Murphy’s wind energy agenda collapse as a new clean energy crisis looms on the horizon casting doubts on his 2035…
Peloton forecasts weak holiday-quarter revenue as demand slowdown bites
By Kannaki Deka (Reuters) -Exercise equipment maker Peloton Interactive Inc on Thursday forecast revenue below estimates for the all-important holiday quarter and posted a bigger-than-expected quarterly loss, as sticky inflation keeps discretionary…
Norwegian Air Q3 profit beats forecasts, says Q4 bookings “encouraging”
OSLO (Reuters) -Norwegian Air reported third-quarter profit above expectations on Thursday and said current ticket sales were “slightly reduced” going into the usual winter travel lull. July-September profit before interest, tax, depreciation…
Airbnb forecasts fourth-quarter revenue below estimates on demand slowdown
By Priyamvada C and Doyinsola Oladipo (Reuters) -Airbnb forecast fourth-quarter revenue slightly below Wall Street estimates on Wednesday, as tourists scale back on travel due to rising costs, uncertain economic conditions and…
SolarEdge forecasts dour Q4 revenue as demand concerns loom; shares plunge
(Reuters) – SolarEdge Technologies on Wednesday forecast fourth-quarter revenue below Wall Street estimates on weak demand for its solar inverters, sending the company’s shares down 22.3% in extended trade. Growth for solar…
Cognizant forecasts quarterly revenue below estimates on weak corporate spending
(Reuters) – Cognizant Technology Solutions forecast fourth-quarter revenue below Wall Street estimates on Wednesday, as clients tighten their IT budgets in an uncertain economy, sending its shares down more than 3% in…
France’s Bouygues beats forecasts driven by energy arm Equans
By Michal Aleksandrowicz (Reuters) – French construction-to-telecoms conglomerate Bouygues beat nine-month core profit and sales expectations on Tuesday, driven mainly by its energy arm Equans. The results sent shares in Bouygues up…
VF Corp withdraws annual forecasts on slowing demand for higher-priced apparel
(Reuters) – VF Corp withdrew its full-year revenue and profit forecasts on Monday, with demand for its higher-priced apparel and footwear easing as customers turn more cost conscious, especially in the United…
Chipmaker TI forecasts dull fourth-quarter as industrial weakness deepens
(Reuters) -Texas Instruments on Tuesday forecast fourth-quarter revenue and profit below estimates, as the analog chipmaker was forced to slash some production after demand across its key industrial market worsened. Shares of…
Dow forecasts downbeat Q4 net sales on low prices, weak demand
By Saikeerthi . (Reuters) – Dow Inc forecast average net sales for the current quarter below analyst estimates on Tuesday, as the chemical maker continues to navigate weak demand and low prices…
BOJ seen lifting inflation forecasts as pressure on policy grows
By Leika Kihara TOKYO (Reuters) – The Bank of Japan is expected to raise its inflation forecasts this month to show prices exceeding its 2% target for two straight years, three people…
Despite rout, bond strategists stay tethered to falling yield forecasts
By Sarupya Ganguly BENGALURU (Reuters) – Bond market strategists are holding on to their forecasts for U.S. Treasury yields to decline by year-end, as well as a view that 10-year yields have…
UK set to have weakest growth among G7 in 2024, IMF forecasts
LONDON (Reuters) – Britain is set to have the slowest-growing economy among the Group of Seven nations next year – when the country is likely to choose a new government – according…
Ireland trims 2023 budget surplus, corporate tax forecasts
DUBLIN (Reuters) – Ireland is set to collect 0.6% less tax than expected this year following a recent fall in corporate receipts and deliver a lower than forecast budget surplus that Tuesday’s…
IMF raises Mexico growth forecasts on robust consumption, services, auto output
By David Lawder WASHINGTON (Reuters) – The International Monetary Fund on Tuesday significantly raised its 2023 growth forecast for Mexico to 3.2% from a 2.6% forecast issued in July, citing strength in…
Commerzbank shares up 11% after forecasts for bigger profit returns
FRANKFURT (Reuters) – Shares of Commerzbank were up 11% midday on Friday after the German lender said it was revamping its payout policy for investors, aiming for a return of least 70%…
Commerzbank forecasts bigger profit returns for investors
FRANKFURT (Reuters) – Germany’s Commerzbank said on Thursday it was revamping its payout policy for investors, aiming for a return of least 70% of profit for 2024. It also expects a payout…
Forecast for Fed’s new forecasts – still one more rate hike to go
By Ann Saphir (Reuters) – Faster growth, cooler inflation and a job market that won’t quit have set the stage for an updated batch of forecasts from Federal Reserve officials next week…
Adobe forecasts fourth-quarter profit above estimates on AI strength
(Reuters) – Photoshop software maker Adobe forecast current-quarter profit above Wall Street estimates on Thursday, after beating revenue estimates for the third quarter on strong demand for its photo, video editing and…
New Zealand forecasts much larger budget deficit but improved economy
By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s government on Tuesday predicted a larger budget deficit but better-than-expected economic conditions in the year ahead, as it updated forecasts heading into the October…
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