Estimates

IT hardware and services company IBM beat quarterly revenue expectations on Monday but warned that the hit from foreign exchange for the year could be about $3.5 billion (roughly Rs. 28,000 crore) due to a strong dollar. A hawkish Federal Reserve and heightened geopolitical tensions have driven gains in the dollar against a basket of currencies over the last year, prompting companies with sizeable international operations, including Microsoft and Salesforce, to temper expectations.IBM now expects a foreign exchange hit to…

Dell beat market estimates for second-quarter revenue on Thursday as the shift to hybrid work kept demand strong for its laptops, desktops and cloud services.People globally continue to spend on computer devices even after a year of working from home. Figures from International Data showed shipments of PCs rose 13 percent from April to June, but the pace of growth was much slower than last year's frenzy.While the industry has faced pressure from components shortage and supply chain woes, revenue at Dell's client solutions…

Sony on Tuesday reported a 1.1 percent decline in first-quarter operating profit, much milder than market estimates as its gaming business thrived while consumers locked down at home looked for entertainment and downloaded more games. The electronics and entertainment firm posted April-June profit of JPY 228.4 billion (roughly Rs. 16,180 crores), versus JPY 230.9 billion (roughly Rs. 16,355 crores) a year prior.The result compared with the JPY 143.21 billion (roughly Rs. 10,144 crores) average of 10 analyst estimates…

Australia's competition watchdog is suing Uber Technologies and seeking an AUD 26 million (roughly Rs. 140 crore) fine from the ride-hailing platform after it admitted to misleading consumers about ride fare estimates and cancellation fees.The Australian Competition and Consumer Commission (ACCC) on Tuesday said Uber admitted that between December 2017 and September 2021 it warned consumers they would be charged fees for cancelling rides even though the cancellation was sought during its "free cancellation period."We've…

Taiwan Semiconductor Manufacturing Company (TSMC )shares rose over 3% outperforming the broader market, after the Taiwanese chipmaker announced forecast-beating second-quarter profit, with analysts buoyant on the firm's outlook despite some downside concern. TSMC, a major Apple Inc supplier and the world's largest contract chipmaker, saw a 76.4% leap in profit for the April-June period of 2022, to T$237.0 billion ($7.92 billion). It said it was "highly confident" about its long-term prospects, though also signalled…

Taiwan's TSMC posted a 76.4 percent surge in second-quarter profit on Thursday, the biggest jump in earnings in eight quarters that handily beat market estimates, thanks to red-hot demand for its chips amid a two-year long global shortage. Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world's largest contract chipmaker and a major Apple supplier, said net profit for April-June rose to a record TWD 237 billion (roughly Rs. 63,300 crore).That beat an average TWD 219.13 billion estimate from 19 analysts compiled by…

Reuters: TSMC beats Q2 estimates with a net profit of $7.94B, up 76.4% YoY, and total revenue of $18.16B, up 36.6% YoY — Taiwan's TSMC (2330.TW) posted a 76.4% surge in second-quarter profit on Thursday, the biggest jump in earnings in eight quarters that handily beat market estimates … Reuters: TSMC beats Q2 estimates with a net profit of $7.94B, up 76.4% YoY, and total revenue of $18.16B, up 36.6% YoY — Taiwan's TSMC (2330.TW) posted a 76.4% surge in second-quarter…

CNBC's Jim Cramer on Thursday said that a possible upcoming slew of earnings estimate cuts from analysts could create a sell-off and an opportunity for investors to do some buying."Over the next few weeks, before earnings season gets rolling, I expect the analysts to hit us with some preemptive estimate cuts while more companies hit us with negative preannouncements," he said."That's going to be bad for the averages, but once the sell-off hits and we get over the estimate cuts for 2022 and 2023, that's it. That's when we…

Back in April, Google announced that their Maps application will be able to give you an estimate about the tolls. The new feature was announced for India, Japan, USA and Indonesia. The new feature has gone live now for both Android and iOS users. You just need to make sure that your application is updated to the latest version. For the planner friend: this new feature is for you. 🙏 Now when you’re planning trips big and small, you can check estimated toll prices before you pick a route—and spend what you save on road…

The Truckee River in Reno, Nev. during high flow conditions after a storm in late January, 2016. Credit: Kelsey Fitzgerald / DRI Flood frequency analysis is a technique used to estimate flood risk, providing statistics such as the "100-year flood" or "500-year flood" that are critical to infrastructure design, dam safety analysis, and flood mapping in flood-prone areas. But the method used to calculate these flood frequencies…