Estimates

Under Armour sees a tough year ahead, roiled by global supply chain challenges and another round of Covid lockdowns in China that are putting a dent in demand.The sneaker and apparel maker on Friday issued a disappointing outlook for its fiscal year 2023, after reporting an unexpected loss for the three months ended March 31 and sales that came in below Wall Street estimates.The news sent investors fleeing, with Under Armour shares ending Friday down 24%, at one point touching a 52-week low of $10.39. Also on Friday,…

Block, the fintech firm led by Twitter co-founder Jack Dorsey, said on Thursday it had not seen a decline in overall consumer spending through April, after reporting a first-quarter operating profit that topped Wall Street targets.Block's shares rose 10 percent in extended trading even though the company, formerly known as Square, reported a lower-than-anticipated adjusted profit as demand for bitcoin weakened due to a decline in cryptocurrency prices.The company, which offers merchant payment services and an app that…

Netflix has been hit with a shareholder lawsuit in a US court in California accusing the streaming entertainment company of misleading the market about its ability to keep adding subscribers in recent months.The lawsuit filed in San Francisco federal court on Tuesday seeks damages for declines in Netflix's share price this year after the company missed its subscriber growth estimates.Filed by a Texas-based investment trust, the lawsuit accused Los Gatos, California-based Netflix and its top executives of failing to…

Twitter Inc estimated in a filing on Monday that false or spam accounts represented fewer than 5 percent of its monetizable daily active users during the first quarter. The social media company had 229 million users who were served advertising in the first quarter.The disclosure came days after Tesla Chief Executive Elon Musk, who has inked a deal to buy Twitter for $44 billion (roughly Rs. 3,37,000 crore), tweeted that one of his priorities would be to remove "spam bots" from the platform.Twitter said in the filing it…

As first deliveries of Ford’s highly-anticipated F-150 Lightning begin this week, the American automaker has announced the all-electric pickup will arrive with more horsepower and higher payload capacity that originally promised. Furthermore, Ford announced new cloud software that more accurately estimates the F-150 Lightning’s range while towing in real-time. The more it’s used, the more precise it can become. If you’re reading this, there’s a very feasible chance you’ve heard of the Ford F-150 Lightning. Based…

Activision Blizzard, which is being acquired by Microsoft for $68.7 billion (roughly Rs. 5,13,300 crore), missed market estimates for fourth-quarter adjusted sales on Thursday, as the pandemic-fuelled sales boost for its games such as Call of Duty showed signs of cooling. Videogame sales in the United States surged since the start of the pandemic, as people were forced to stay at home amid restrictions on movement to curb the spread of the virus. According to data from research firm NPD, total consumer spending on video…