Estimates

A sale of more than 1,600 items belonging to beloved actress Betty White brought in more than $4 million over the weekend, surpassing auctioneers’ expectations. Julien’s Auctions, the Beverly Hills, Calif.-based auction house that organized the estate sale, anticipated it would garner between $400,000 to $600,000, based on conservative estimates. But some items—including Ms. White’s “The Golden Girls” director’s chair and some of her signed…

FedEx on Thursday withdrew its full-year guidance and announced significant cost-cutting measures following what it called softness in global volume of shipments."Global volumes declined as macroeconomic trends significantly worsened later in the quarter, both internationally and in the U.S.," CEO Raj Subramaniam said in the release. "While this performance is disappointing, we are aggressively accelerating cost reduction efforts."As part of these cost-cutting initiatives, FedEx will close 90 office locations, close five…

Executives from Netflix and its advertising partner, Microsoft Corp. MSFT -0.61% , have met with ad buyers in recent weeks, seeking to lock in deals ahead of a planned launch later this year. Netflix’s subscriber count fell for the first time in nearly a decade, causing its stock to post its worst one-day percentage decline since 2004. WSJ’s Joe Flint walks us through three strategies…

Chinese e-commerce giant JD.com Inc beat Wall Street estimates for quarterly revenue on Tuesday as lockdowns in China to control the coronavirus boosted online shopping and the company's "618" shopping event. The company reported second-quarter revenue of 267.6 billion yuan ($39.07 billion), up 5.4% year on year, topping analysts' average estimate of 262.31 billion yuan, according to IBES data from Refinitiv. Revenue rose 11% in the first half to 507.3 billion yuan. Sales in its product segment, which includes online…

Cisco gave a positive forecast for first-quarter sales as a COVID-19 recovery in China eases supply chain shortages and helps it meet demand for networking hardware, sending the company's shares 5 percent higher in extended trading. The results announced on Wednesday suggest networking equipment makers have started overcoming the component crunch that had kept them from tapping a post-pandemic revival in digital infrastructure spending."After a challenging April due to the COVID-related shutdowns in Shanghai ... overall…

Jordan Novet / CNBC: Cisco beats estimates with Q4 revenue flat YoY at $13.1B, vs. $12.8B est., and a fiscal year 2023 guidance of 4% to 6% revenue growth YoY, vs. 2.3% est. — - Cisco gave better-than-expected guidance for its full 2023 fiscal year. — Management touted strong demand despite a volatile backdrop. Jordan Novet / CNBC: Cisco beats estimates with Q4 revenue flat YoY at $13.1B, vs. $12.8B est., and a fiscal year 2023 guidance of 4% to 6% revenue growth YoY, vs. 2.3%…

Walmart scored a big jump in revenues partly driven by inflation but the retail giant faces increasing evidence of shifting consumer behavior due to rising prices, according to quarterly results released Tuesday. The big-box retailer, which stunned Wall Street three weeks ago by cutting its profit forecast, ended up reporting better-than-expected results for the latest three months, following a late-July improvement in business.The chain even tweaked its latest profit forecast in a positive way as ebbing gasoline prices…

Toast shares closed up 8% Friday after the restaurant software vendor beat revenue estimates and said the number of locations it serves surged 40% in the second quarter.Toast provides technology that can serve as a restaurant's operating system across dine-in, takeout, and delivery channels. Its products gained rapid adoption during the pandemic as restaurants moved to contactless payments and rushed to go digital.Revenue in the second quarter increased 58% from a year ago to $675 million, soaring past the $651 million…

Online dating firm Bumble edged past quarterly revenue estimates on Wednesday, as more paying users flocked to its platform in search of companionship.The online dating industry had experienced a surge in popularity fueled by pandemic-induced curbs as people went the digital route to continue socialising, with the growth continuing its upward trajectory even after lockdown constraints have been removed.Data from research firm Apptopia showed Bumble downloads rose nearly 35 percent year-over-year during the second quarter…

The head of Jon Peddie Research, a leading graphics market analysis firm that has been around for nearly 40 years, suggests that Intel might axe its Accelerated Computing Systems and Graphics Group (AXG). The division has been bleeding money for years and has failed to deliver a competitive product for any market segment that it serves. Forget the best graphics cards; Intel just needs to ship fully functional GPUs.$3.5 Billion LostJon Peddie estimates that Intel's has invested about $3.5 billion in its discrete GPU…