Tag: estimates
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Micron’s AI-fueled revenue forecast blows past estimates, backlog swells
Sept 30 : Micron Technology forecast quarterly revenue above estimates on Wednesday and said customers had increased commitments under its long-term supply agreements to $32 billion, signaling unabated demand for AI memory chips.The generative AI boom has made high-bandwidth memory essential for data centers,
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Micron forecasts quarterly revenue, profit above estimates on AI memory demand
Sept 30 : Micron Technology forecast quarterly revenue above estimates on Wednesday, signaling it expects the AI-driven memory chip boom to continue powering its growth.Shares of the Boise, Idaho-based company rose over 1 per cent in extended trading. The stock has more than tripled so far this year.Th
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Adobe beats third-quarter revenue estimates on AI product demand
Sept 10 : Adobe beat Wall Street estimates for third-quarter revenue on Thursday, as demand for its AI-integrated products and tools continued to grow.The company reported revenue of $6.76 billion for the quarter, compared with analysts’ average estimate of $6.70 billion, according to data compiled by LSEG.
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Broadcom forecasts quarterly sales below estimates amid rising custom AI chip competition
Sept 2 : Broadcom forecast quarterly revenue below Wall Street estimates on Wednesday, signaling intense competition could hamper gains from its custom processors. Shares of the Palo Alto, California-based company fell over 3 per cent in extended trading. They have gained about 6 per cent this year, significa
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Analog Devices’ quarterly forecast tops estimates on AI-fueled chip demand
Aug 19 : Analog Devices forecast fourth-quarter revenue and profit above Wall Street estimates on Wednesday, betting on continued demand for its power-management chips used across data centers and industrial applications as AI investments ramp up.The company stands to benefit from surging investment in AI-dri
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EBay forecasts quarterly revenue above estimates
Aug 5 : EBay forecast third-quarter revenue above Wall Street estimates on Wednesday, leaning on its push into authenticated luxury goods, collectibles and refurbished products to bring more high-value buyers to its online marketplace.The company has sharpened its focus on enthusiast buyers through “focus cat
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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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Spotify forecasts weak profit as user growth slows in North America, Europe
Aug 4 : Spotify forecast third-quarter profit below Wall Street estimates on Tuesday, after the streaming giant reported slowing user growth in major markets of Europe and North America, driving shares around 5 per cent lower in premarket trading. The Swedish company has launched AI features like “Personal Po
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Roblox forecasts quarterly bookings below estimates
July 30 : Gaming platform Roblox forecast quarterly bookings below Wall Street estimates on Thursday, as tougher age-verification measures weighed on user onboarding and engagement.Shares of the company fell 11 per cent in after-hours trading.The company has implemented age verification to bolster play
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Microsoft says cash will keep flowing from AI, shares rise
July 29 : Microsoft on Wednesday said it expects to keep generating cash through its just-started fiscal 2027 and gave a capital expenditure forecast below Wall Street estimates after an accounting change for data center leases.The company also forecast sales and cloud growth that beat expectations for its cu
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