UPS profit beats estimates, to cut 20,000 jobs on economic worries
The parcel giant is not providing any updates to its full-year outlook due to the economic uncertainty United Parcel Service reported a better-than-expected profit for its first…
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estimates
Nvidia revenue forecasts for first quarter exceed estimates
Nvidia forecast first-quarter revenue above market estimates on Wednesday, expecting robust demand for its leading AI chips to persist as businesses spend heavily to expand generative…
Lenovo’s profit beats estimates as AI fuels PC recovery hopes
Investors are betting that PC makers from HP to Dell Technologies will benefit in 2025 as consumers pick up devices with more AI features LENOVO Group’s quarterly profit beat projections,…
Nasdaq-listed Grab’s Q4 profit falls to US$27 million, but beats analyst estimates
NASDAQ-LISTED Grab on Thursday (Feb 20) posted a net profit of US$27 million for the fourth quarter ended December, down from US$35 million in the previous corresponding period. The…
UOB looks to ‘resilient’ Asean to continue to drive growth as Q4 profit beats estimates
UOB remains confident that Asean economies will be resilient and continue to expand, even as the outlook remains uncertain amid ongoing geopolitical tensions and tariff concerns. While US…
CBA’s first-half profit beats estimates on strong asset quality, lending volume growth
COMMONWEALTH Bank of Australia’s (CBA) first-half cash earnings beat estimates on Wednesday (Feb 12), as lending volume growth and lower provisions for bad debts offset higher technology…
L’Oreal sales miss estimates as China demand remains weak
L’OREAL’s fourth-quarter sales fell short of analysts’ estimates after demand in the US failed to make up for a continued downturn in China. Sales overall rose 2.5 per cent on a comparable…
Spotify forecasts profit above estimates on subscriber growth, price increases
In the fourth quarter, premium subscribers rose 11 per cent to 263 million, compared with Visible Alpha estimates of 260 million. SPOTIFY forecast first-quarter profit above market…
Clorox raises guidance after quarterly sales top estimates
CLOROX raised sales and earnings guidance for the current year while also reporting better-than-expected quarterly results, showing that the bleach maker’s business continues to recover…
Mastercard earnings tops estimates as firm broadens services
MASTERCARD reported earnings that beat estimates as the firm diversifies beyond its traditional payment network into anti-fraud services, data analysis and global money movement. Adjusted…
Las Vegas Sands misses profit estimates on weakness in Macau business
CASINO operator Las Vegas Sands missed analysts’ estimates for fourth-quarter profit on Wednesday (Jan 29), hurt by tepid performance of its Macau business. The Las Vegas, Nevada-based…
Oracle misses quarterly results estimates on stiff cloud competition
ORACLE missed Wall Street expectations for second-quarter revenue and adjusted profit on Monday (Dec 9), hit by stiff competition and softer-than-expected spending on its database and…
Chinese food delivery giant Meituan beats quarterly revenue estimates
CHINA’S largest food delivery firm Meituan posted a bigger-than-expected 22.4 per cent rise in third-quarter revenue on Friday (Nov 29), defying sluggish Chinese consumption. Meituan,…
Dell reports sales that miss estimates on setback for PC market
DELL Technologies reported worse-than-expected sales after a budding revival in the personal computer (PC) market stalled out. Fiscal third-quarter revenue increased 10 per cent to US$24.4…
Temu-owner PDD reports 44% rise in Q3 revenue; misses market estimates
CHINA’S PDD Holdings reported a 44 per cent rise in third-quarter revenue on Thursday (Nov 21), but still fell short of market estimates. Revenue reached 99.35 billion yuan (S$18.4…
Ukraine estimates environmental damage of 1,000 days of war at $71 bn
The war in Ukraine has left tens of thousands of people dead, destroyed homes and created millions of refugees, but it has also caused severe environmental damage, Ukrainian Environment…
China’s Alibaba misses quarterly revenue estimates
ALIBABA Group Holding missed analysts’ estimates for quarterly sales on Friday (Nov 15), as lingering economic uncertainty sapped consumer spending in China and weighed on the e-commerce…
Dutch lender ABN Amro’s Q3 profit beats estimates on strong interest income, fees
ABN Amro reported a smaller-than-expected fall in third-quarter profit on Wednesday (Nov 13), driven by sustained improvement in net interest income (NII) and strong performance of fees,…
UOB surpasses estimates with 16% higher Q3 profit of S$1.61 billion
UOB’S net profit for the third quarter ended September rose 16 per cent year on year to S$1.61 billion, from S$1.38 billion the year before. Its results released on Friday (Nov 8) beat the…
Burger King parent Restaurant Brands misses sales estimates on muted demand
RESTAURANT Brands missed estimates for quarterly revenue on Tuesday (Nov 5) due to weak demand across key businesses such as Tim Hortons, Burger King and international markets including…
New York Times tops estimates as digital subscribers grow
NEW York Times reported third-quarter earnings that beat analysts’ expectations, as the company saw an increase in its subscriber count in the months leading up to the 2024 Presidential…
Mastercard earnings top estimates as consumers keep spending
MASTERCARD reported profit that beat analysts’ estimates, helped by a boost in cross-border transactions. The company posted adjusted earnings per share of US$3.89 in the third quarter on…
PayPal forecasts Q4 revenue below estimates as profit push puts growth behind
PAYPAL forecast fourth-quarter revenue below estimates on Tuesday (Oct 29) as the digital payments company shifts its focus to higher-margin businesses from aggressive expansion, sending…
HSBC to buy back US$3 billion shares as profit beats estimates
HSBC Holdings announced a fresh multi-billion US dollar stock buyback as it reported better-than-estimated earnings days after unveiling a major restructuring of its business. Europe’s…