Analyst Forecasts
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EA Forecasts Annual Bookings Above Estimates With New Battlefield Game Launching FY 2026
Electronic Arts (EA) forecast fiscal 2026 bookings above Wall Street expectations on Tuesday. EA's positive outlook signals the gaming industry's optimism around sales resilience in the face of a broader pullback in consumer spending amid macroeconomic volatility stemming from US tariffs.
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EA Revises Revenue Forecast After EA Sports FC 25, Dragon Age: The Veilguard Sales Disappoint
Electronic Arts shares sank more than 15 percent on Thursday. FC 25 was hit with mixed reviews as players bemoaned the lack of new features and innovation, including in-game physics and goal-scoring mechanisms, Jefferies analysts said.
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Apple's iPhone Sales Target Billions Below Wall Street Expectations as China Business Suffers
Apple on Thursday forecast a drop in iPhone sales and targeted overall revenue $6 billion (roughly Rs. 49,714 crore) below Wall Street expectations as its China business took a hit. This overshadowed overall fiscal first-quarter sales and profit that beat analysts' targets, powered by iPhone growth, sending Apple shares down 3 percent in after-ho...
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Apple Shares Weaken After Warning of Dull Holiday Quarter
Apple shares on Friday pared losses that were driven by its forecast for a subdued holiday quarter after a US jobs report bolstered hopes of a pause in interest rate hikes by the Federal Reserve. The stock was down 1.5 percent in early trading, having fallen more than 3 percent before the bell.
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Dell Forecasts Yearly Revenue to Reach Up to 91.5 Billion Amid AI Boom, Recovering Demand for PCs
Dell Technologies raised its full-year forecast for revenue and profit on Thursday, as it benefited from the artificial intelligence (AI) boom and stabilizing demand for computer hardware and server products after a months-long slump.
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Snapchat's Daily Active Users Rise 14 Percent YoY to 397 Million in Q2 2023, Snap Gives Weak Outlook for Q3
Photo messaging app owner Snap on Tuesday gave weaker third-quarter guidance than analysts had expected as it works to compete with tech giants for advertising dollars, sending its shares down 18 percent. The company's Snapchat app has attracted hundreds of millions of users thanks to its light-hearted photo filters and new AI-powered chatbot that ...
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Spotify Active Monthly Users Grows to 551 Million, Premium Subscriptions Rise 17 Percent in Second Quarter
Spotify Technology on Tuesday reported second-quarter results that comfortably beat expectations for both monthly active users and subscribers, and forecast the number of listeners each month would reach 572 million next quarter.
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"Artificially High" Growth Predicted For China In Q2: Report
China's economic growth is expected to have surged in the second quarter, an AFP survey has forecast, but analysts say Monday's figures will be misleadingly inflated given the low base of comparison with pandemic-wracked 2022.
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Grand Theft Auto, NBA 2K Drive Take-Two Quarterly Sales to $1.39 Billion, Beating Wall Street Estimates
Take-Two Interactive Software on Wednesday beat analyst estimates for quarterly adjusted sales on strong demand from legacy titles "NBA 2K" and "Grand Theft Auto", sending the video game publisher's shares up 8 percent in extended trading.
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PayPal Shares Dropped Nearly 6 Percent as Company Warned About Bleak Holiday Quarter
PayPal Holdings shares dropped nearly 6 percent in morning trade on Friday after the digital payments heavyweight lowered its annual revenue forecast, warning of a bleak holiday quarter as consumers cut back on discretionary spends. Decades-high inflation has hit the purchasing power of consumers who also have to contend with the threat of a loomi...
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Tinder's Paying Users Increase by 7 Percent as Match Forecasts Flat Q4 Revenue Amid Weak Economy
Tinder parent firm Match on Tuesday reported that its revenue grew 6 percent and its paying users jumped 7 percent, aided by the return of a feature that lets users swipe right and left from their desktops. However, Match has predicted that Tinder's growth will be flat in the fourth quarter of the year, warning that a weakening global economy was h...
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Cisco Beats Profit Estimates as Positive Sales Forecast Hints at Easing Supply Chain Shortages
Cisco on Wednesday announced a positive forecast for first-quarter sales, suggesting that networking equipment makers have started overcoming the component crunch that had kept them from tapping a post-pandemic revival in digital infrastructure spending. The company expects current-quarter revenue to rise between 2 percent and 4 percent, while ana...
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Apple's Mixed Reality Headset to Be a 'Game Changer' for the Market: Ming-Chi Kuo
Apple's rumoured mixed reality headset is called a "game changer" by prominent market analyst Ming-Chi Kuo. The headset is said to debut sometime in January 2023 and would be imitated by the company's global rivals.
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Nvidia Says Sales of Video Game Chips to Decline in Current Quarter Due to COVID-19
Chip designer Nvidia says its sales of video game chips would decline in the current quarter, and startled some analysts by laying out new supply-chain issues resulting from China's COVID-19 lockdowns.
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Tesla Forecasts Over 50 Percent Growth in EV Deliveries in 2022, Q4 Revenue Beats Estimates
Tesla on Wednesday along with its earnings report for Q4 2021 announced that it expected vehicle deliveries to grow by more than 50 percent in 2022. The EV maker's Q4 2021 revenue rose to $17.72 billion (roughly Rs. 1,33,435 crore), above analyst estimates for $16.57 billion (roughly Rs. 1,24,775 crore).
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EA Forecasts Annual Bookings Above Estimates With New Battlefield Game Launching FY 2026
Electronic Arts (EA) forecast fiscal 2026 bookings above Wall Street expectations on Tuesday. EA's positive outlook signals the gaming industry's optimism around sales resilience in the face of a broader pullback in consumer spending amid macroeconomic volatility stemming from US tariffs.
-
EA Revises Revenue Forecast After EA Sports FC 25, Dragon Age: The Veilguard Sales Disappoint
Electronic Arts shares sank more than 15 percent on Thursday. FC 25 was hit with mixed reviews as players bemoaned the lack of new features and innovation, including in-game physics and goal-scoring mechanisms, Jefferies analysts said.
-
Apple's iPhone Sales Target Billions Below Wall Street Expectations as China Business Suffers
Apple on Thursday forecast a drop in iPhone sales and targeted overall revenue $6 billion (roughly Rs. 49,714 crore) below Wall Street expectations as its China business took a hit. This overshadowed overall fiscal first-quarter sales and profit that beat analysts' targets, powered by iPhone growth, sending Apple shares down 3 percent in after-ho...
-
Apple Shares Weaken After Warning of Dull Holiday Quarter
Apple shares on Friday pared losses that were driven by its forecast for a subdued holiday quarter after a US jobs report bolstered hopes of a pause in interest rate hikes by the Federal Reserve. The stock was down 1.5 percent in early trading, having fallen more than 3 percent before the bell.
-
Dell Forecasts Yearly Revenue to Reach Up to 91.5 Billion Amid AI Boom, Recovering Demand for PCs
Dell Technologies raised its full-year forecast for revenue and profit on Thursday, as it benefited from the artificial intelligence (AI) boom and stabilizing demand for computer hardware and server products after a months-long slump.
-
Snapchat's Daily Active Users Rise 14 Percent YoY to 397 Million in Q2 2023, Snap Gives Weak Outlook for Q3
Photo messaging app owner Snap on Tuesday gave weaker third-quarter guidance than analysts had expected as it works to compete with tech giants for advertising dollars, sending its shares down 18 percent. The company's Snapchat app has attracted hundreds of millions of users thanks to its light-hearted photo filters and new AI-powered chatbot that ...
-
Spotify Active Monthly Users Grows to 551 Million, Premium Subscriptions Rise 17 Percent in Second Quarter
Spotify Technology on Tuesday reported second-quarter results that comfortably beat expectations for both monthly active users and subscribers, and forecast the number of listeners each month would reach 572 million next quarter.
-
"Artificially High" Growth Predicted For China In Q2: Report
China's economic growth is expected to have surged in the second quarter, an AFP survey has forecast, but analysts say Monday's figures will be misleadingly inflated given the low base of comparison with pandemic-wracked 2022.
-
Grand Theft Auto, NBA 2K Drive Take-Two Quarterly Sales to $1.39 Billion, Beating Wall Street Estimates
Take-Two Interactive Software on Wednesday beat analyst estimates for quarterly adjusted sales on strong demand from legacy titles "NBA 2K" and "Grand Theft Auto", sending the video game publisher's shares up 8 percent in extended trading.
-
PayPal Shares Dropped Nearly 6 Percent as Company Warned About Bleak Holiday Quarter
PayPal Holdings shares dropped nearly 6 percent in morning trade on Friday after the digital payments heavyweight lowered its annual revenue forecast, warning of a bleak holiday quarter as consumers cut back on discretionary spends. Decades-high inflation has hit the purchasing power of consumers who also have to contend with the threat of a loomi...
-
Tinder's Paying Users Increase by 7 Percent as Match Forecasts Flat Q4 Revenue Amid Weak Economy
Tinder parent firm Match on Tuesday reported that its revenue grew 6 percent and its paying users jumped 7 percent, aided by the return of a feature that lets users swipe right and left from their desktops. However, Match has predicted that Tinder's growth will be flat in the fourth quarter of the year, warning that a weakening global economy was h...
-
Cisco Beats Profit Estimates as Positive Sales Forecast Hints at Easing Supply Chain Shortages
Cisco on Wednesday announced a positive forecast for first-quarter sales, suggesting that networking equipment makers have started overcoming the component crunch that had kept them from tapping a post-pandemic revival in digital infrastructure spending. The company expects current-quarter revenue to rise between 2 percent and 4 percent, while ana...
-
Apple's Mixed Reality Headset to Be a 'Game Changer' for the Market: Ming-Chi Kuo
Apple's rumoured mixed reality headset is called a "game changer" by prominent market analyst Ming-Chi Kuo. The headset is said to debut sometime in January 2023 and would be imitated by the company's global rivals.
-
Nvidia Says Sales of Video Game Chips to Decline in Current Quarter Due to COVID-19
Chip designer Nvidia says its sales of video game chips would decline in the current quarter, and startled some analysts by laying out new supply-chain issues resulting from China's COVID-19 lockdowns.
-
Tesla Forecasts Over 50 Percent Growth in EV Deliveries in 2022, Q4 Revenue Beats Estimates
Tesla on Wednesday along with its earnings report for Q4 2021 announced that it expected vehicle deliveries to grow by more than 50 percent in 2022. The EV maker's Q4 2021 revenue rose to $17.72 billion (roughly Rs. 1,33,435 crore), above analyst estimates for $16.57 billion (roughly Rs. 1,24,775 crore).
