Tag: profit forecast
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Uber doubles down on robotaxi plans, shares fall on weak profit forecast
Aug 5 : Uber Technologies on Wednesday outlined plans to spend more than $10 billion on robotaxis over the coming years and said Waymo remained an important partner despite reports that the Alphabet unit was considering ending their alliance.Shares of the ride-hailing company fell 4.8 per cent after the compa
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Sony hikes profit forecast on gaming strength
TOKYO: Sony on Friday (Jul 31) hiked its full-year operating profit forecast by 8 per cent to 1.72 trillion yen (US$10.72 billion), citing the strength of its gaming business.The Japanese conglomerate has received plaudits for its pivot to entertainment, but the market is concerned about the impact of AI and
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Cognizant lifts annual profit forecast on strong financial services growth
July 29 : Cognizant Technology on Wednesday raised its annual adjusted profit forecast after recording strong growth in its financial services business and continued operating margin expansion in the second quarter, even as enterprises remained cautious about discretionary spending. Shares of the company wer
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SoFi’s unchanged profit forecast tempers record quarter, revenue outlook lift
July 29 : SoFi’s unchanged 2026 profit outlook on Wednesday overshadowed a raise in the fintech’s revenue growth forecast that topped Wall Street expectations and a market-beating second quarter, sending its shares down 9 per cent in early trading.Investors have grown less willing to reward growth alone, and
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Xylem raises annual profit forecast as AI growth lifts demand for water-treatment equipment
July 28 : Xylem on Tuesday raised its 2026 profit forecast after its second-quarter results beat Wall Street estimates, as cost savings and price increases boosted profitability amid strengthening AI infrastructure demand.Shares of the company rose more than 2 per cent in premarket trading.• The wate
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Charter cuts core profit forecast, broadband customer losses balloon; shares slump
July 23 : Charter Communications on Friday reported steeper-than-expected losses in its quarterly broadband customer base, as traditional cable internet faces stiff competition from telecom rivals that have doubled down on promotional offers. Shares of the company plunged more than 7 per cent in early tradin
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Teledyne lifts annual profit forecast, tops quarterly results estimates
July 22 : Teledyne Technologies on Wednesday raised its 2026 profit forecast as demand remained robust at its digital imaging, instrumentation as well as aerospace and defense segments.Shares of the sensing-systems maker, which also reported better-than-expected quarterly profit and revenue, rose nearly 3 per
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UK’s Raspberry Pi lifts annual profit forecast on strong first-half results
June 5 : Single-board computing company Raspberry Pi on Friday raised its full-year 2026 profit forecast, saying strong AI-related demand was expected to result in adjusted core profit “significantly ahead” of market expectations for the year.The company expects first-half core profit of at least $38 million,
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