Estimates

Semiconductor equipment supplier Applied Materials forecast better-than-expected second-quarter revenue on strong demand for advanced chips used in artificial intelligence and a recovery in the personal computer market, sending its shares up 12% after the bell on Thursday.Strong spending from cloud computing service providers and the rise of AI-embedded personal computers are driving demand for more advanced chips and by extension, for chip making equipment too.Elevate Your Tech Prowess with High-Value Skill…

In this photo illustration the DraftKings logo seen displayed on a smartphone.Rafael Henrique | Sopa Images | Lightrocket | Getty ImagesDraftKings on Thursday posted quarterly results that missed Wall Street estimates on the top and bottom line, but it increased its revenue by 44%.Here's what DraftKings reported compared with what Wall Street was expecting, according to analyst estimates compiled by LSEG, formerly known as Refinitiv:Loss per share: 10 cents vs. expected profit of 8 centsRevenue: $1.23 billion vs. $1.24…

Short-term rental company Airbnb forecast first-quarter revenue above Wall Street estimates on Tuesday, as it expects a boost from strong cross-border travel and longer-duration bookings. International travel demand is expected to remain strong this year as global air connectivity increases and travelers flock to Asian and Latin American countries, while domestic travel demand plateaus in North America.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM KozhikodeIIMK Advanced Data…

New research led by a University of California, Davis, anthropologist reveals that archery technology in the Andes dates back to approximately 5,000 years ago. This earlier emergence aligns with societal shifts towards village life and expanded trade networks. The study suggests that the adoption of bow-and-arrow technology may have been instrumental in establishing new social norms and institutions. Credit: SciTechDaily.comWhen did archery arise in the Americas? And what were the effects of this technology on…

A groundbreaking study reveals that human activities have led to the extinction of around 1,400 bird species, highlighting the urgent need for conservation efforts to protect remaining avian diversity and prevent further losses.Scientists report that the loss of species is twice the current estimate, with 1 in 9 species having been lost.A new study reveals that human activities have led to the extinction of approximately 1,400 bird species, a figure that is double the earlier estimates. This has significant consequences…

United Auto Workers members walk the picket line at the Ford Michigan Assembly Plant in Wayne, Mich., Sept. 26, 2023. Ford Motor Co. swung to a net loss in the fourth quarter due to a large accounting charge on pension plans and the effects of a six-week strike at multiple factories by the United Auto Workers union. Credit: AP Photo/Paul Sancya, Ford Ford Motor Co. on Tuesday reported that it swung to a net loss in the…

Software firm Freshworks beat Wall Street estimates for fourth-quarter revenue on Tuesday, driven by a surge in demand for its AI-powered customer support and IT services products.Demand for Freshworks' generative artificial intelligence (GenAI) integrated products has risen as businesses seek to automate their workflow using inexpensive AI solutions.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM KozhikodeIIMK Advanced Data Science For ManagersVisitIIT DelhiIITD Certificate…

Ford reported its fourth-quarter earnings Tuesday after the market, beating Q4 revenue and profit estimates. The automaker expects the momentum to continue in 2024 despite pulling back EV investments. Ford’s fourth-quarter EV sales Ford sold a record 25,637 EVs in the last three months of 2023 (+24% YOY), edging out rival GM. The F-150 Lightning topped Rivian’s R1T to become the best-selling electric pickup of the year, with 24,165 units handed over. The Mustang Mach-E was the second…

Meta continues to buck the industry trend and improve its advertising revenue as it makes a pivot to focus more on AI development initiatives, reporting a higher-than-expected revenue for the fourth quarter of 2023.  Here are the top-line results: Revenues: $40.11 billion, rose 25% from the year-ago period Net income: $14.02 billion, a 201% increase over $4.7 billion in Q4 of 2022 Daily active users: Grew by 8% to 3.19 billion on average Meta reported net income of $14.02 billion, or diluted…

The distribution of the main vegetation types across the Arctic tundra (Dinerstein et al, 2017; European Space Agency, 2017) and the location of our study area. (a), the distribution of plots. (b) and environmental conditions derived from statistical upscaling of in situ measurements. (c). Soil moisture and temperature represent mean daytime (08:00 to 20:00 EET) conditions from 1 July to 2 August, and annual soil temperature is an average within the…