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Revenue

Defense firm Leidos raises annual revenue outlook on weapons demand

August 1, 2023August 1, 2023
Defense firm leidos raises annual revenue outlook on weapons demand - photo licensed by shore news network.

(Reuters) – Leidos Holdings Inc on Tuesday raised its full-year revenue forecast as the defense contractor benefited from resilient weapons demand. Net bookings totaled $2.9 …

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Enphase Energy slumps as lukewarm US demand weighs on revenue forecast

July 28, 2023
Enphase energy slumps as lukewarm us demand weighs on revenue forecast - photo licensed by shore news network.

(Reuters) -Shares of Enphase Energy slumped nearly 11% on Friday, after the solar inverter maker’s third-quarter revenue target fell well short of analyst estimates due …

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Ticketmaster parent Live Nation’s revenue surges on red-hot concert demand

July 27, 2023July 27, 2023
Ticketmaster parent live nation's revenue surges on red-hot concert demand - photo licensed by shore news network.

(Reuters) – Ticketmaster parent Live Nation Entertainment beat Wall Street estimates for second-quarter revenue on Thursday, helped by high prices of concert tickets and pent-up …

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US commerce chief says China export controls will hit companies’ revenue

July 26, 2023July 26, 2023
Us commerce chief says china export controls will hit companies' revenue - photo licensed by shore news network.

By David Shepardson WASHINGTON (Reuters) – Commerce Secretary Gina Raimondo said on Wednesday the Biden administration is seeking to carefully target U.S. controls on exports …

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Liftmaker Otis beats analyst estimates for quarterly profit, revenue

July 26, 2023

(Reuters) – Liftmaker Otis Worldwide posted second-quarter revenue and profit above analysts’ estimates on Wednesday, fueled by sustained demand for escalators and elevators in residential …

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Loblaw beats revenue estimates on resilient demand for essentials

July 26, 2023
Loblaw beats revenue estimates on resilient demand for essentials - photo licensed by shore news network.

(Reuters) – Canadian retailer Loblaw on Wednesday beat Wall Street expectations for second-quarter revenue, helped by higher prices and as demand held up for groceries …

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Albertsons beats profit, revenue expectations on strong demand for groceries

July 25, 2023July 25, 2023
Albertsons beats profit, revenue expectations on strong demand for groceries - photo licensed by shore news network.

(Reuters) – Albertsons Companies topped Wall Street expectations for quarterly profit and revenue on Tuesday, on the back of steady demand for groceries and pocket-friendly …

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Apple supplier Corning Q3 revenue forecast hit by consumer electronics slump

July 25, 2023
Apple supplier corning q3 revenue forecast hit by consumer electronics slump - photo licensed by shore news network.

(Reuters) – Specialty glass maker Corning forecast third-quarter core sales below Wall Street estimates on Tuesday, as it grapples with the ongoing slump in the …

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Moody’s beats revenue estimates on steady demand for analytics services

July 25, 2023
Moody's beats revenue estimates on steady demand for analytics services - photo licensed by shore news network.

(Reuters) – Moody’s Corporation beat Wall Street estimates for second-quarter revenue on Tuesday, helped by steady demand from investors for its data, analytics and research …

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Alaska Air forecasts 2023 revenue growth below estimates

July 25, 2023July 25, 2023
Alaska air forecasts 2023 revenue growth below estimates - photo licensed by shore news network.

(Reuters) – Alaska Air Group on Tuesday forecast its annual revenue below estimates on early signs of cooling ticket prices, sending its shares down 6.3% …

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US IRS ends policy of unannounced revenue officer visits to taxpayers

July 24, 2023
Us irs ends policy of unannounced revenue officer visits to taxpayers - photo licensed by shore news network.

By Kanishka Singh WASHINGTON (Reuters) – The U.S. Internal Revenue Service (IRS) said on Monday it was ending its policy of unannounced visits to taxpayers …

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D.R. Horton lifts annual revenue forecast on sturdy housing demand

July 20, 2023
D. R. Horton lifts annual revenue forecast on sturdy housing demand - photo licensed by shore news network.

(Reuters) – D.R. Horton Inc on Thursday raised its forecast for full-year revenue and homes closed, benefiting from strong demand and easing shortages of labor …

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J.B. Hunt misses profit, revenue estimates hit by weak freight volumes

July 18, 2023

(Reuters) – U.S. trucking firm J.B. Hunt Transport Services Inc missed Wall Street estimates for quarterly profit on Tuesday, hit by declining freight volumes as …

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Building Permit Revenue Up 11% in Toms River

July 18, 2023
Building permit revenue up 11% in toms river - photo licensed by shore news network.

TOMS RIVER, NJ – Despite recent warnings by Toms River Township Councilman David Ciccozi regarding a decrease in new applications before the town planning and …

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Tesla discounts set to power quarterly revenue growth, hit profit

July 17, 2023July 17, 2023
Tesla discounts set to power quarterly revenue growth, hit profit - photo licensed by shore news network.

By Akash Sriram (Reuters) – Tesla’s strategy to boost sales through price cuts is likely to have powered its strongest revenue growth in five quarters …

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Twitter to offer ad revenue share to select content creators

July 13, 2023July 13, 2023
Twitter to offer ad revenue share to select content creators - photo licensed by shore news network.

(Reuters) – Twitter said on Thursday that select content creators on the social media platform will be eligible to get a part of the advertising …

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Daimler Truck raises 2023 guidance for revenue, profit

July 10, 2023
Daimler truck raises 2023 guidance for revenue, profit - photo licensed by shore news network.

BERLIN (Reuters) -Daimler Truck has raised its profit and revenue guidance due to an easing of supply chain constraints, stronger demand in its core markets …

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Aston Martin aims to hit adjusted profit, revenue targets by 2024-25, says FT

June 26, 2023
Aston martin aims to hit adjusted profit, revenue targets by 2024-25, says ft - photo licensed by shore news network.

(Reuters) -Aston Martin Lagonda has forecast it would hit targets of 500 million pounds ($635.85 million) in adjusted profit and 2 billon pounds in revenue …

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Carnival set to post strong revenue growth as new, younger customers drive demand

June 23, 2023June 23, 2023
Carnival set to post strong revenue growth as new, younger customers drive demand - photo licensed by shore news network.

By Granth Vanaik (Reuters) – Carnival is expected to post robust second-quarter revenue growth as new and younger customers, undeterred by high inflation, spend on …

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KB Home quarterly revenue rises on higher demand

June 21, 2023June 21, 2023
Kb home quarterly revenue rises on higher demand - photo licensed by shore news network.

(Reuters) – KB Home on Wednesday posted a 3% rise in its quarterly revenue, helped by strong demand amid tight supply of homes. Shares of …

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Atlantic City Bengali conference to generate millions in tourist revenue

June 16, 2023June 16, 2023
Atlantic city bengali conference to generate millions in tourist revenue - photo licensed by shore news network.

ATLANTIC CITY, NJ -The KPC Bengali Hall of Fame and Sree Sree Gita Sangha jointly held a press conference on June 15 at Kennedy Plaza, …

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China’s Jan-May fiscal revenue growth quickens

June 16, 2023June 16, 2023
China's jan-may fiscal revenue growth quickens - photo licensed by shore news network.

BEIJING (Reuters) – China’s fiscal revenues grew 14.9% in the first five months from a year earlier, quickening from a 11.9% rise in the first …

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US budget deficit mushrooms in May as revenue falls, Medicare outlays jump

June 12, 2023June 12, 2023
Us budget deficit mushrooms in may as revenue falls, medicare outlays jump - photo licensed by shore news network.

(Reuters) – The U.S. budget deficit swelled in May from a year earlier as revenue tumbled and Medicare spending surged, the Treasury Department said on …

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Retail media ad revenue forecast to surpass TV by 2028

June 12, 2023
Retail media ad revenue forecast to surpass tv by 2028 - photo licensed by shore news network.

By James Davey LONDON (Reuters) – The value of global advertising revenue from retailer-owned e-commerce sites is growing so fast that the medium, known as …

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Dow cuts second-quarter revenue forecast on demand, pricing woes

May 31, 2023
Dow cuts second-quarter revenue forecast on demand, pricing woes - photo licensed by shore news network.

(Reuters) – Chemical maker Dow Inc forecast second-quarter revenue below market expectations on Wednesday, citing slower macroeconomic activity and lower pricing levels. The company now …

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Intel shares jump as chipmaker sees second-quarter revenue at upper end of outlook

May 31, 2023
Intel shares jump as chipmaker sees second-quarter revenue at upper end of outlook - photo licensed by shore news network.

(Reuters) – Shares of Intel Corp rose about 5% after the chipmaker’s finance chief said on Wednesday that the company is on track to hit …

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Hewlett Packard Enterprise misses quarterly revenue estimates

May 30, 2023
Hewlett packard enterprise misses quarterly revenue estimates - photo licensed by shore news network.

(Reuters) – Hewlett Packard Enterprise Co missed Wall Street estimates for second-quarter revenue on Tuesday, as clients scale down spending on tech, including cloud services, …

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Micron expects Chinese ban to affect revenue up to high-single digits

May 22, 2023
Micron expects chinese ban to affect revenue up to high-single digits - photo licensed by shore news network.

(Reuters) – Micron Technology Inc expects China’s ban on company’s infrastructure chips to impact revenue in the low-single to high-single digit percentage, the company said …

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China’s fiscal revenue growth quickens as economy recovers

May 17, 2023
China's fiscal revenue growth quickens as economy recovers - photo licensed by shore news network.

BEIJING (Reuters) – China’s fiscal revenue rose 11.9% in the first four months of 2023 from the same period a year earlier, accelerating sharply from …

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BlackBerry expects up to 54% revenue growth in 2026, shares rise

May 17, 2023
Blackberry expects up to 54% revenue growth in 2026, shares rise - photo licensed by shore news network.

(Reuters) – BlackBerry Ltd on Wednesday forecast as much as 54% jump in 2026 sales from current year on the back of growth in its …

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Buffett-backed Nubank reports record revenue on steady user growth

May 15, 2023
Buffett-backed nubank reports record revenue on steady user growth - photo licensed by shore news network.

(Reuters) – Brazil’s Nubank on Monday reported record revenue for the first-quarter as the digital bank benefited from steady growth in users and higher average …

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Hong Kong Disneyland revenue jumps 31% as domestic visitors hit record

May 15, 2023
Hong kong disneyland revenue jumps 31% as domestic visitors hit record - photo licensed by shore news network.

(Reuters) – Hong Kong Disneyland Resort (HKDL) said on Monday its 2022 revenue jumped 31% as the number of domestic visitors to its attractions hit …

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Etsy tops revenue estimates on demand for personalized products, higher fees

May 3, 2023
Etsy tops revenue estimates on demand for personalized products, higher fees - photo licensed by shore news network.

By Granth Vanaik (Reuters) – Etsy Inc on Wednesday beat market expectations for quarterly revenue, benefiting from demand for products such as personalized gifts offered …

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Green Thumb revenue rises as more US states allow marijuana use

May 3, 2023
Green thumb revenue rises as more us states allow marijuana use - photo licensed by shore news network.

By Mrinalika Roy (Reuters) – Green Thumb Industries Inc reported higher first-quarter sales on Wednesday, as customer traffic rose at the cannabis producer’s retail stores …

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Garmin tops quarterly revenue estimates on growth in aviation, marine units

May 3, 2023
Garmin tops quarterly revenue estimates on growth in aviation, marine units - photo licensed by shore news network.

(Reuters) – Smartwatch and navigation equipment maker Garmin Ltd topped first-quarter revenue estimates on Wednesday, boosted by strong growth in its businesses catering to the …

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Simon Property revenue beats on strong leasing demand

May 2, 2023
Simon property revenue beats on strong leasing demand - photo licensed by shore news network.

(Reuters) – Simon Property Group Inc’s first-quarter revenue beat market expectations on Tuesday, benefiting from a strong leasing demand after pandemic-induced store closures. Despite growing …

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Freshworks tops revenue estimates as lower-priced offerings boost demand

May 2, 2023
Freshworks tops revenue estimates as lower-priced offerings boost demand - photo licensed by shore news network.

(Reuters) – Freshworks Inc beat quarterly revenue estimates on Tuesday and posted its first adjusted operating profit as more businesses sought its lower-priced customer engagement …

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Blue States Lost Billions In Revenue As Americans Fled To Texas And Florida

May 2, 2023May 2, 2023

Blue States Lost Billions In Revenue As Americans Fled To Texas And Florida Laurel Duggan on May 2, 2023 Democrat-led states including California and New …

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Cummins raises full-year revenue outlook on strong demand for parts

May 2, 2023
Cummins raises full-year revenue outlook on strong demand for parts - photo licensed by shore news network.

(Reuters) – U.S. truck engine maker Cummins Inc on Tuesday raised its full-year 2023 revenue forecast, on the back of strong demand for parts across …

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China’s Didi sees 2022 revenue hit by COVID, net loss narrows

April 28, 2023
China's didi sees 2022 revenue hit by covid, net loss narrows - photo licensed by shore news network.

BEIJING (Reuters) – Chinese ride hailing giant Didi Global on Saturday reported a 19% year-on-year fall in 2022 revenue, as the country’s COVID lockdowns and …

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GSK-spinoff Haleon forecasts 2023 organic revenue growth at top-end of view

April 20, 2023
Gsk-spinoff haleon forecasts 2023 organic revenue growth at top-end of view - photo licensed by shore news network.

(Reuters) – Consumer healthcare group Haleon expects 2023 organic revenue growth towards the upper end of its 4%-6% forecast, it said on Thursday, on strong …

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China fiscal revenue turns higher in March on recovering economic activity

April 18, 2023
China fiscal revenue turns higher in march on recovering economic activity - photo licensed by shore news network.

BEIJING (Reuters) – China’s fiscal revenue rose in March, reversing a decline in January-February, as economic activity rebounded following the end of strict COVID curbs, …

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Brazil’s govt working on extra revenue measures for second half -official

April 17, 2023
Brazil's govt working on extra revenue measures for second half -official - photo licensed by shore news network.

BRASILIA (Reuters) – Brazil’s government is working on additional revenue measures to be announced in the second half of this year, said Revenue Chief Robinson …

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Missed rate hikes to stick Japanese utilities with revenue shortfall

March 28, 2023
Missed rate hikes to stick japanese utilities with revenue shortfall - photo licensed by shore news network.

By Katya Golubkova and Yuka Obayashi TOKYO (Reuters) – Several Japanese power utilities will miss out on rate hikes they asked to start on April …

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AI chatbot Character.AI, with no revenue, raises $150 million led by Andreessen Horowitz

March 23, 2023

By Krystal Hu and Anna Tong (Reuters) – Character.AI has raised $150 million in a new funding round led by Andreessen Horowitz that valued the …

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Streaming boosts recorded music revenue, China market growing

March 21, 2023
Streaming boosts recorded music revenue, china market growing - photo licensed by shore news network.

LONDON (Reuters) – Global recorded music revenues rose 9% last year to $26.2 billion, with growth registered in every region and an increase in paid …

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China Jan-Feb fiscal revenue shrinks despite pick-up in economy

March 17, 2023
China jan-feb fiscal revenue shrinks despite pick-up in economy - photo licensed by shore news network.

BEIJING (Reuters) – China’s fiscal revenues fell 1.2% in the first two months of 2023 from a year earlier, the finance ministry said on Friday, …

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Brazil’s Natura swings to loss as revenue shrinks across cosmetics lines

March 13, 2023
Brazil's natura swings to loss as revenue shrinks across cosmetics lines - photo licensed by shore news network.

SAO PAULO (Reuters) – Brazilian cosmetic maker Natura & Co on Monday reported a fourth-quarter net loss of 890.4 million reais ($169.7 million), as it …

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Prada sees solid revenue growth for 2023 after beating expectations last year

March 9, 2023
Prada sees solid revenue growth for 2023 after beating expectations last year - photo licensed by shore news network.

MILAN (Reuters) -Italy’s Prada said on Thursday it expects revenue growth to outpace rivals this year, after sales exceeded analyst expectations in 2022 thanks to …

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Trulieve forecasts dour first-quarter revenue amid slowing demand

March 8, 2023

By Sourasis Bose (Reuters) -Trulieve Cannabis Corp on Wednesday forecast sequentially lower first-quarter revenue after reporting quarterly results that missed market expectations, as demand for …

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