Tag: revenue
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Chime raises 2026 revenue forecast on robust demand, CFO to step down
Aug 5 : Chime raised its full-year revenue growth forecast above Wall Street estimates on strong demand for its digital banking products, and announced the departure of longtime Chief Financial Officer Matt Newcomb. Shares of the company were last up 8 per cent in extended trading on Wednesday. Chime a
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EBay forecasts upbeat quarterly revenue as high-value categories drive momentum
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 results are the first since the company rebuffed GameStop’s about $56 b
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Sandisk forecasts upbeat quarterly revenue on AI-driven demand
Aug 5 : Sandisk forecast quarterly revenue above estimates on Wednesday, banking on rising demand for its memory chips used in AI data centers.Shares of the Milpitas, California-based company fell more than 3 per cent in extended trading, after rising more than five-fold this year alongside a broader rally in
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Duolingo’s soft quarterly revenue outlook overshadows stronger user growth forecast
Aug 5 : Duolingo forecast third-quarter revenue below Wall Street expectations on Wednesday, tempering optimism from its stronger user growth forecast as the language-learning company prioritizes boosting engagement over near-term monetization.Its shares slumped more than 10 per cent in extended trading.
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Chime lifts 2026 revenue forecast on robust demand, CFO to step down
Aug 5 : Chime on Wednesday raised its full-year revenue growth forecast above Wall Street estimates on strong demand for its digital banking products, and announced the departure of longtime Chief Financial Officer Matt Newcomb. The company and fellow fintechs have bloomed by attracting younger customers thro
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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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AMD falls as investors demand bigger AI payoff
Aug 5 : Advanced Micro Devices shares tumbled on Wednesday as the chipmaker’s revenue forecast failed to impress investors seeking clearer signs that a multibillion-dollar AI spending boom will translate into faster growth.Shares were last down 6.6 per cent at $482.53, set to erase close to $59 billion from t
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Thomson Reuters lifts full-year revenue forecast with focus on AI rollout
Aug 5 : Thomson Reuters lifted its full-year organic revenue forecast on Wednesday, with CEO Steve Hasker saying that the Toronto-based content and technology company’s focus was on investing and developing AI across its portfolio.The company said last week that early results showed Thomson, a proprietary lar
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Thomson Reuters reports higher second-quarter revenue, raises full-year forecast
Aug 5 : Thomson Reuters reported a 9 per cent rise in second-quarter revenue on Wednesday, boosted by its three biggest business segments, legal, corporates and tax and accounting, and lifted its full-year organic revenue forecast to around 8 per cent.Thomson Reuters said its second-quarter revenue rose to $1
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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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