Florida Department of Revenue Operating in New Jersey? Here’s Why
The Florida Department of Revenue (DOR), which oversees tax collection and compliance for the state, operates offices in six states outside Florida — including a location in New Jersey — as part…
Brazil forecasts revenue boost to wipe deficit in 2024
BRASILIA (Reuters) – Brazil’s government outlined an ambitious plan to rescue its public accounts from deficit which hinges on securing 168.5 billion reais ($34 billion) in extra revenue, according to the 2024…
CrowdStrike lifts forecast for annual revenue, profit on resilient cybersecurity demand
(Reuters) – CrowdStrike Holdings on Wednesday raised its full-year outlook and forecast third-quarter revenue and profit above market estimates, as more clients turn to its integrated cybersecurity offerings to combat rising digital…
HPE forecasts fourth-quarter revenue below estimates, shares fall
(Reuters) – Hewlett Packard Enterprise forecast fourth-quarter revenue below Wall Street estimates on Tuesday, at a time when demand for the company’s servers is taking a hit from soft enterprise spending coupled…
Pinduoduo-owner PDD beats revenue expectations as promotions lure consumers
By Chavi Mehta and Casey Hall (Reuters) – PDD Holdings beat second-quarter revenue estimates on Tuesday, as its discount e-commerce platform Pinduoduo attracted price-conscious customers in China and its international shopping site,…
Marketing firm Klaviyo discloses revenue growth, profitability in IPO filing
(Reuters) -Data and marketing automation firm Klaviyo disclosed its paperwork for an initial public offering (IPO) on Friday, reporting a surge in revenue growth and profitability in its most recent quarter. Boston-based…
China’s land sales revenue down for 19th straight month in July
BEIJING (Reuters) – China’s government land sales revenue declined for the 19th consecutive month in July, data from the finance ministry showed on Monday, adding to pressure on some debt-laden municipalities. Land…
Arm’s full-year revenue fell 1% ahead of IPO – source
By Anirban Sen and Manya Saini (Reuters) – SoftBank Group Corp’s Arm Ltd is expected to report a revenue decline of about 1% in the year ended March, when the chip designer…
Philippines casino revenue seen doubling by 2028 as tourists flock in
By Neil Jerome Morales MANILA (Reuters) – The Philippines’ gambling industry is set to double its gross gaming revenue by 2028, as the country attracts more tourists such as wealthy Chinese gamblers,…
Buffett-backed Nubank posts record revenue on strong user growth
(Reuters) – Brazil’s Nubank on Tuesday reported record revenue for the second quarter as the Warren Buffett-backed digital banking firm logged a surge in new customers. The Brazilian lender has been so…
Broker XP’s revenue rises on higher client assets, card segment growth
(Reuters) – Brazilian investment manager and broker XP on Monday reported a rise in second-quarter revenue, helped by a rebound in the capital markets that saw its client assets breach the 1-trillion-reais…
Target set to post first quarterly revenue drop in six years as consumers cut spending
By Granth Vanaik (Reuters) – Target is expected to post its first quarterly drop in revenue in about six years when it reports results on Wednesday, as the big-box retailer reels from…
Improving Brazil’s public revenue would set stage for more rate cuts -cenbank governor
BRASILIA (Reuters) – Brazil’s central bank Governor Roberto Campos Neto said on Thursday that improving public revenue would anchor inflation expectations in line with official targets, paving the way for further interest…
Canadian Tire revenue falls as demand for sporting, home items slow
(Reuters) – Canadian Tire Corp on Thursday reported a drop in quarterly revenue, as demand for sporting goods and home improvement items slowed at its retail stores. Higher costs of food and…
Video-gaming revenue to grow 2.6% in 2023 on console sales strength – report
By Akshita Toshniwal (Reuters) – Global video-games market would return to growth in 2023 on the back of strong sales of consoles such as Sony’s Playstation 5, according to gaming market research…
S&P 500 quarterly earnings have been upbeat; revenue not so much
By Noel Randewich (Reuters) – S&P 500 companies have been reporting upbeat bottom lines for the June quarter, but not such impressive increases in their revenue. With second-quarter reporting season nearly complete,…
Cargill fiscal 2023 revenue rises 7% to record $177 billion
By Karl Plume (Reuters) – Global commodities trader Cargill Inc reported this week that its fiscal year 2023 revenue increased 7% from a year earlier to $177 billion, the highest ever for…
Beer cans maker Ball misses revenue estimates on disruption at major customer
(Reuters) – Ball Corp fell short of Wall Street estimates for second-quarter revenue on Thursday as the world’s largest supplier of beer cans was hit by sales disruption at a major brewer.…
Cognizant projects revenue above estimates, CFO to retire in 2024
(Reuters) – Cognizant Technology Solutions forecast third-quarter revenue above estimates on Wednesday as more businesses turn to the IT services provider to digitize their operations, sending its shares up more than 6%…
Equinix projects quarterly revenue below estimates, shares slip
(Reuters) – Equinix forecast third-quarter revenue below market estimates on Wednesday, a sign that demand for data centers was slowing as businesses curtail spending in an uncertain economy. Shares of the company…
VF Corp cuts annual revenue forecast on cooling North America demand
VF Corp cut its annual revenue forecast on Tuesday, signaling a slowdown in demand for its apparel and sneakers from price-conscious consumers, especially in North America. With the Federal Reserve further raising…
Tinder-parent Match sees third-quarter revenue above estimates on strong user growth
(Reuters) – Match Group forecast revenue for the third quarter above Wall Street estimates on Tuesday, as the Tinder parent expects stronger marketing to drive user growth, sending its shares up about…
Defense firm Leidos raises annual revenue outlook on weapons demand
(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 billion in the quarter and book-to-bill ratio,…
Enphase Energy slumps as lukewarm US demand weighs on revenue forecast
(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 to weak demand. Appetite for solar equipment…
Ticketmaster parent Live Nation’s revenue surges on red-hot concert demand
(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 demand after the pandemic. Surging demand for…
US commerce chief says China export controls will hit companies’ revenue
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 to China, but rules will cost firms…
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