Tag: estimates, shares
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Nubank’s profit crosses $1 billion, beating estimates; shares jump
SAO PAULO, Aug 13 : Brazilian digital lender Nubank’s quarterly net profit surpassed $1 billion for the first time, beating analysts’ estimates and causing shares to surge after the bell on Thursday.Nu Holdings posted net profit of $1.06 billion for the April-June quarter, a 49 per cent rise year-on-year on a
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Applied Materials sees revenue above estimates, shares fall on high expectations
Aug 13 : Applied Materials forecast fourth-quarter revenue above Wall Street expectations on Thursday, betting that unabated demand for advanced AI chips will continue to fuel robust spending on its semiconductor manufacturing equipment.The company, which supplies tools for key wafer fabrication processes suc
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Canada’s Shopify forecasts revenue above estimates, shares surge
Aug 5 – Canada’s Shopify projected current-quarter revenue growth above Wall Street estimates on Wednesday, signaling the company’s AI efforts were drawing more merchants to its suite of e-commerce services, sending its U.S.-listed shares up 26 per cent premarket. The company’s solid outlook and a second-quar
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Spotify forecasts profit and monthly active users below estimates, shares fall
Aug 4 : Spotify forecast third-quarter profit and monthly active users below Wall Street estimates on Tuesday, underscoring the streaming service’s challenges in maintaining growth despite expanding its offerings of AI-based features to fend off competition.Shares of the company were down around 4 per cent in
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STMicroelectronics profit misses estimates, shares fall 14%
July 23 : STMicroelectronics reported second-quarter core profit below market expectations and forecast third-quarter revenue slightly below analyst estimates on Thursday, sending its shares down 14 per cent.The results disappointed investors betting on a faster recovery at the Franco-Italian chipmaker after
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