Estimates

Jane Zhang / Bloomberg: Meituan reports Q4 revenue up 23% YoY to ~$10.2B and a net income of ~$308.4M, both above estimates, as the food delivery giant plans international expansion — The company reported sales of 73.7 billion yuan ($10.2 billion) in the December quarter, versus the 72.7 billion yuan average projection. Jane Zhang / Bloomberg: Meituan reports Q4 revenue up 23% YoY to ~$10.2B and a net income of ~$308.4M, both above estimates, as the food delivery giant plans international…

Analysts are releasing a wave of delivery estimate downgrades for Tesla as the automaker’s growth story is dissipating – at least for the next few years. Tesla’s stock has been performing poorly this year. It is one of the worst-performing stocks in the S&P500. There are several different arguable reasons for that, but the main one appears to be Tesla’s dissipating growth story and the lack of a clear path back to it in the near term. While Elon Musk likes to say that Tesla is a conglomeration…

On the Electrek Podcast, we discuss the most popular news in the world of sustainable transport and energy. In this week’s episode, we discuss Tesla’s delivery estimates dropping, a NACS extension cable, a possible Fisker bankruptcy, and more. The show is live every Friday at 4 p.m. ET on Electrek’s YouTube channel. As a reminder, we’ll have an accompanying post, like this one, on the site with an embedded link to the live stream. Head to the YouTube channel to get your questions and comments in.…

Oracle said on Monday it is set to make a joint announcement with chip-giant Nvidia, and it beat estimates for quarterly profit, riding on the generative AI demand boom, sending shares up nearly 14% in extended trading.The late-day rally in Oracle's shares added more than $40 billion to its stock market value.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM KozhikodeIIMK Advanced Data Science For ManagersVisitIIM LucknowIIML Executive Programme in FinTech, Banking & Applied Risk…

Salesforce expanded its stock buyback program by $10 billion and announced a new dividend, but its annual revenue forecast that was below estimates pushed its shares down around 2% in after hours trading.The company's downbeat forecast signals a likely slowdown in cloud and tech spending as clients grapple with high interest rates and rising inflation, compelling them to keep a lid on costs.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIT DelhiIITD Certificate Programme in Data…

The island of Dhigelaabadhoo in the Maldives is the main field site of the ARISE programme, through which a series of extensive field tests—using state-of-the art coastal process research instrumentation and autonomous survey equipment—will be conducted between now and 2027. Credit: University of Plymouth Scientists have produced the first detailed estimates of how much sediment is transported onto the shores of coral reef…

E-commerce platform eBay beat market expectations for quarterly revenue and profit on Tuesday, helped by healthy consumer spending during the holiday season and strength in its focus categories such as refurbished goods and auto parts.Shares of the company rose around 4% in extended trading.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM KozhikodeIIMK Advanced Data Science For ManagersVisitIndian School of BusinessISB Professional Certificate in Product ManagementVisitIIM…

Shares of Jack Dorsey-led Block surged 12% on Thursday after the payments firm forecast adjusted core earnings for the current quarter above Wall Street estimates, betting on continued consumer resilience and its cost-cutting measures. The company expects adjusted core earnings between $570 million and $590 million for the three months ended March 31, compared with analysts' average expectation of $511.76 million, according to LSEG data. Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

Nvidia on Wednesday forecast a roughly threefold surge in quarterly revenue that handily beat estimates as the company banked on towering demand for its industry-leading artificial-intelligence chips, sending its shares up 10% after-hours.The already-hefty demand for the company's data center chips and graphics processing units (GPUs) continues to grow as firms scramble to expand their AI offerings. Nvidia's silicon dominates the global market for AI chips, where it counts the likes of Microsoft among its…

China's Lenovo Group, the world's largest maker of personal computers, on Thursday reported October-December revenue of $15.72 billion, up 3% from the same period a year earlier.The result compared with the $15.25 billion average of eight analyst estimates compiled by LSEG.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteMITMIT Technology Leadership and InnovationVisitIndian School of BusinessISB Professional Certificate in Product ManagementVisitIIT DelhiIITD Certificate Programme in…