forecasts
By Max A. Cherney, Deborah Mary Sophia SAN FRANCISCO (Reuters) -Chip designer Arm Holdings (NASDAQ:) on Wednesday forecast revenue in line with Wall Street targets, sparking a 4.5% drop in shares that some analysts attributed to dashed hopes for stronger, AI-fueled growth. Bets that Arm, which licenses its designs, will…
By Max A. Cherney and Arsheeya Bajwa (Reuters) -Intel expressed optimism on Thursday about the future of its PC and server businesses, forecasting current-quarter revenue above estimates but warning that it had “a lot of work to do.” The chipmaker’s shares jumped more than 7% in extended trading, paring back…
By Deborah Mary Sophia, Aditya Soni and Anna Tong (Reuters) -Microsoft predicted increased spending on artificial intelligence this quarter but slower growth in its cloud business Azure, signaling that big AI investments were not enough to keep pace with capacity constraints at its data centers. Shares of the Redmond, Washington-based…
By Dave Graham ZURICH (Reuters) -UBS Group posted third-quarter profit that was almost double expectations, reducing costs and boosting revenues and said it had completed the first wave of client migrations from Credit Suisse since acquiring its old rival last year. Net profit attributable to shareholders at Switzerland’s largest bank…
By Arsheeya Bajwa and Max A. Cherney (Reuters) -Advanced Micro Devices on Tuesday forecast fourth-quarter revenue just shy of estimates as supply chain constraints hamper its ability to meet strong demand for AI chips, while the PC market grows more slowly than some investors expected. Shares of the Santa Clara,…
Multiple Disney World employees told BI about their disappointment with how the company handled Milton.Cash-strapped employees felt pressured to work well into the afternoon as weather forecasts looked increasingly dire.A Disney spokesperson said, in part, “Safety is always our first and most important factor when making decisions.” Rain began falling…
By Kiyoshi Takenaka TOKYO (Reuters) – More than a third of Japanese companies are likely to miss their earnings projections for the first half of the business year that commenced in April due to slow sales and increased costs, a Reuters survey showed on Thursday. The survey, conducted by Research…
Investing.com — HSBC on Tuesday lifted its average gold price forecasts, a move driven by a combination of geopolitical risks, expectations of continued monetary easing, and fiscal imbalances. The bank points out that gold prices surged to a record high of $2,865 per ounce in late September, fueled by increased…
Investing.com — Goldman Sachs has initiated coverage on Barclays plc (LON:) with a “buy” rating, marking a moment for the bank as it embarks on a shift to prioritize higher-return businesses. Analysts from Goldman Sachs forecast robust growth for Barclays, citing an expected earnings-per-share increase that is nearly double the…
By Sherin Elizabeth Varghese (Reuters) – Analysts have cut their 2024 oil price forecasts for a fifth consecutive month, citing weaker demand and uncertainty over OPEC’s plans, with prices expected to remain under pressure despite geopolitical risks, a Reuters poll found on Monday. A Reuters poll of 41 analysts and…
