Estimates

HP on Tuesday missed Wall Street targets for second-quarter revenue, hurt by a slowdown in the personal computer market as inflation-hit customers tightened their budgets.Companies such as HP, Lenovo and Dell Technologies have seen demand ease from peaks hit during the pandemic, when work-from-home trends had driven up sales of laptops and other electronic devices.Global PC shipments declined nearly 30 percent in the January-March period to levels lower than before the pandemic, according to data from research firm…

The Dallas skyline rises behind the Cotton Bowl stands as Texas fans watch during the first half of an NCAA college football game against Oklahoma at the Cotton Bowl, Saturday, Oct. 8, 2022, in Dallas. U.S. metropolitan areas increased their populations by almost half a percent last year in another sign that flight from urban areas during the first year of the pandemic either slowed down or reversed in its second year as people moved to Sunbelt metros…

Take-Two Interactive Software on Wednesday beat analyst estimates for quarterly adjusted sales on strong demand from legacy titles NBA 2K and Grand Theft Auto, sending the video game publisher's shares up 8 percent in extended trading.The company also said it expects to deliver 36 video game titles through 2025 and 2026, and forecast $8 billion (roughly Rs. 65,975 crore) in 2025 net bookings and over $1 billion (roughly Rs. 8,250 crore) in operating cash flow.Wedbush analyst Michael Pachter said "that's enough to send the…

Apple Inc. rallied Friday after reporting a rebound in iPhone sales last quarter, helping the world's most valuable company top earnings estimates and weather an industrywide downturn that has battered much of its product lineup.The shares jumped as much as 5.1% to $174.20, the biggest intraday gain since Nov. 30. They're now up 34% in 2023. Overall revenue amounted to $94.8 billion in the fiscal second quarter, Apple said Thursday, exceeding the $92.6 billion analysts predicted. Though the sales fell 2.5% in the period,…

In this photo illustration, the Paramount Global logo is displayed on a smartphone screen.Rafael Henrique | SOPA Images | Lightrocket | Getty ImagesParamount Global fell as much as 17% premarket after it reported earnings and revenue that missed analyst estimates and cut its quarterly dividend.The company cut its dividend to 5 cents per share from 24 cents a share to "further enhance our ability to deliver long-term value for our shareholders as we move toward streaming profitability," Chief Executive Officer Bob Bakish…

Etsy Inc on Wednesday beat market expectations for quarterly revenue, benefiting from demand for products such as personalised gifts offered on its e-commerce platform as well as higher transaction fees, sending the company's shares up about 2% in extended trading. Etsy -- a marketplace for sellers of vintage or handcrafted goods -- has maintained its popularity among cost-conscious shoppers after a pandemic-driven surge in growth when people bought cloth masks and craft supplies from the comfort of their homes.…

Freshworks Inc beat quarterly revenue estimates and posted its first adjusted operating profit as more businesses sought its lower-priced customer engagement software in a tough economy. Rising interest rates, high inflation and a banking crisis have worsened the global economic outlook in recent months, forcing businesses to slash their technology budgets. Freshworks, whose products compete with Salesforce Inc and Zendesk, told Reuters that the downturn was driving more companies to its more affordable offerings. The…

Amazon.com Inc's first-quarter revenue beat estimates on Thursday, helped by resilient demand for online shopping and cloud services businesses, sending its shares up about 9% in extended trading.The world's biggest online retailer reported better-than-expected net sales of $127.36 billion in the first three months of the year and forecast sales between $127 billion and $133 billion in the second quarter.Analysts had expected sales of $129.83 billion in the quarter-ending June 30.The growth of Amazon Web Services, long a…

<!----> Volvo EX90 is sold out after an initial order surge Geely-owned Volvo Cars has reported that its first quarter earnings fell to SEK 5.1bn (around USD500m) from SEK 6bn last year. However, the result surpassed analyst projections and there was a 7 per cent increase in operating profits…

Engineering firm L&T Technology Services Ltd said on Wednesday it expects revenue to grow over 20% for the current financial year after reporting a bigger-than-expected fourth-quarter profit on a strong deal pipeline."For FY24, our guidance is for a $ constant currency revenue growth of 20% plus," chief executive officer Amit Chadha said in a statement.The company's consolidated net profit rose to Rs 3.10 billion ($37.93 million) for the three months ended March 31, beating analyst expectations of Rs 3.04 billion,…