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Tariffs Aren't Keeping Walmart From Attracting Shoppers And Outpacing Target
Walmart Inc. powered through an uncertain economic environment and tariff concerns to deliver solid second-quarter financial results Thursday, showing it keeps pulling in shoppers and outpacing peers like Target.
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Sony Sells 2.5 Million PS5 Units in Q1 FY 2025, Hikes Profit Forecast
Sony sees a tariff impact of JPY 70 billion, compared to jpy 100 billion forecast in May. It said the estimated impact is based on tariff rates as of August 1 and that the situation remained fluid.
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Profit Warnings, Uncertainty As US Tariffs Send A Chill Through Businesses
General Motors and Volvo Cars abandoned their guidance, Adidas warned of price hikes and Porsche and Electrolux cut their full-year outlooks on Tuesday as US President Donald Trump's trade war continued to send shivers through the corporate world.
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Apple Shares Rise After Positive Sales Outlook Signals iPhone Recovery
Apple has forecast relatively strong sales growth as the firm approaches AI more cautiously than many of its peers. Despite the AI rollout stumbles, Apple's overall sales and profits were boosted by stronger-than-expected sales in its fiscal first quarter of iPads and Macs, where new chips helped persuade customers to upgrade.
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Apple Offers Modest Growth Outlook After iPhone Sales Help Beat Profit Expectations
Apple's iPhone 16 sales boosted the company's quarterly sales beyond Wall Street expectations, the company said on Thursday. However, questions linger about the sustainability of this momentum through the holiday sales period. The company's executives did not give any indication of how the iPhone might fare, including in China, where the company's ...
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Accenture to Cut 19,000 Jobs Amid Concerns of Lower IT Spending Due to Global Economic Outlook
Accenture has announced it plans to cut about 2.5 percent of workforce, or 19,000 jobs, as the lowers its profit and revenue forecast for the year. The firm said more than 50 percent of the job cuts would affect staff at its non-billable corporate functions.
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IT Services Firm Accenture To Cut 19,000 Jobs, Trims Profit Forecasts
Accenture Plc said on Thursday it would cut about 19,000 jobs and lowered its annual revenue and profit projections, the latest sign that the worsening global economic outlook was sapping corporate spending on IT services.
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Toshiba Cuts Annual Profit Outlook After 75 Percent Plunge in Q2 Earnings
Toshiba on Friday said that it was cutting its annual operating profit outlook after the company reported dismal second-quarter profit. The Japanese firm reported a 75 percent fall in Q2 profit, and said it was impacted by a slew of factors including a slump in the hard disk drive market and an appraisal loss following a fall share prices in the co...
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Moody's Expects Tesla To Stay At EV Leader Spot, Upgrades To 'Ba1'
Moody's affirmed in a note that Tesla's outlook remains positive and the company will continue to increase its scale rapidly and improve its profitability notably.
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Uber Rides Strong Demand, Delivery Growth to Raise Q1 Profit Forecast
Uber raised its outlook for first-quarter core profit, as its ride-hailing business was recovering faster than expected on the back of a surge in airport rides and an increase in the number of offices being reopened.
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Nokia Confident About Future as It Post Strong Profit After ‘Transformational’ 2021
Nokia reported a solid increase in profits in 2021 and issued a confident outlook for the coming years as sales rose despite supply problems.
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Spider-Man: No Way Home Success, Gaming Boom Help Sony Lift Annual Profit Outlook
Sony upgraded its full-year net profit forecast, buoyed by the success of its latest Spider-Man movie and strong results in the gaming sector despite the global chip shortage.
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Moody's Expects Tesla To Stay At EV Leader Spot, Upgrades To 'Ba1'
Moody's affirmed in a note that Tesla's outlook remains positive and the company will continue to increase its scale rapidly and improve its profitability notably.
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Tencent, Pushed by China’s Gaming Crackdown, Posts Slowest Profit Growth in Two Years
Tencent posted its slowest quarterly profit growth in two years, hurt by a gaming crackdown, and said the outlook for the advertising sector would remain weak into next year.
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Toyota Boosts Profit Outlook On Weaker Yen, But Warns Of Production Risks
Toyota has been forced to cut output due to the chip shortage and lockdown measures that have slowed component production at factories in Malaysia and Vietnam, even as vehicle demand around the world rebounds from a pandemic slump.
-
Tariffs Aren't Keeping Walmart From Attracting Shoppers And Outpacing Target
Walmart Inc. powered through an uncertain economic environment and tariff concerns to deliver solid second-quarter financial results Thursday, showing it keeps pulling in shoppers and outpacing peers like Target.
-
Sony Sells 2.5 Million PS5 Units in Q1 FY 2025, Hikes Profit Forecast
Sony sees a tariff impact of JPY 70 billion, compared to jpy 100 billion forecast in May. It said the estimated impact is based on tariff rates as of August 1 and that the situation remained fluid.
-
Profit Warnings, Uncertainty As US Tariffs Send A Chill Through Businesses
General Motors and Volvo Cars abandoned their guidance, Adidas warned of price hikes and Porsche and Electrolux cut their full-year outlooks on Tuesday as US President Donald Trump's trade war continued to send shivers through the corporate world.
-
Apple Shares Rise After Positive Sales Outlook Signals iPhone Recovery
Apple has forecast relatively strong sales growth as the firm approaches AI more cautiously than many of its peers. Despite the AI rollout stumbles, Apple's overall sales and profits were boosted by stronger-than-expected sales in its fiscal first quarter of iPads and Macs, where new chips helped persuade customers to upgrade.
-
Apple Offers Modest Growth Outlook After iPhone Sales Help Beat Profit Expectations
Apple's iPhone 16 sales boosted the company's quarterly sales beyond Wall Street expectations, the company said on Thursday. However, questions linger about the sustainability of this momentum through the holiday sales period. The company's executives did not give any indication of how the iPhone might fare, including in China, where the company's ...
-
Accenture to Cut 19,000 Jobs Amid Concerns of Lower IT Spending Due to Global Economic Outlook
Accenture has announced it plans to cut about 2.5 percent of workforce, or 19,000 jobs, as the lowers its profit and revenue forecast for the year. The firm said more than 50 percent of the job cuts would affect staff at its non-billable corporate functions.
-
IT Services Firm Accenture To Cut 19,000 Jobs, Trims Profit Forecasts
Accenture Plc said on Thursday it would cut about 19,000 jobs and lowered its annual revenue and profit projections, the latest sign that the worsening global economic outlook was sapping corporate spending on IT services.
-
Toshiba Cuts Annual Profit Outlook After 75 Percent Plunge in Q2 Earnings
Toshiba on Friday said that it was cutting its annual operating profit outlook after the company reported dismal second-quarter profit. The Japanese firm reported a 75 percent fall in Q2 profit, and said it was impacted by a slew of factors including a slump in the hard disk drive market and an appraisal loss following a fall share prices in the co...
-
Moody's Expects Tesla To Stay At EV Leader Spot, Upgrades To 'Ba1'
Moody's affirmed in a note that Tesla's outlook remains positive and the company will continue to increase its scale rapidly and improve its profitability notably.
-
Uber Rides Strong Demand, Delivery Growth to Raise Q1 Profit Forecast
Uber raised its outlook for first-quarter core profit, as its ride-hailing business was recovering faster than expected on the back of a surge in airport rides and an increase in the number of offices being reopened.
-
Nokia Confident About Future as It Post Strong Profit After ‘Transformational’ 2021
Nokia reported a solid increase in profits in 2021 and issued a confident outlook for the coming years as sales rose despite supply problems.
-
Spider-Man: No Way Home Success, Gaming Boom Help Sony Lift Annual Profit Outlook
Sony upgraded its full-year net profit forecast, buoyed by the success of its latest Spider-Man movie and strong results in the gaming sector despite the global chip shortage.
-
Moody's Expects Tesla To Stay At EV Leader Spot, Upgrades To 'Ba1'
Moody's affirmed in a note that Tesla's outlook remains positive and the company will continue to increase its scale rapidly and improve its profitability notably.
-
Tencent, Pushed by China’s Gaming Crackdown, Posts Slowest Profit Growth in Two Years
Tencent posted its slowest quarterly profit growth in two years, hurt by a gaming crackdown, and said the outlook for the advertising sector would remain weak into next year.
-
Toyota Boosts Profit Outlook On Weaker Yen, But Warns Of Production Risks
Toyota has been forced to cut output due to the chip shortage and lockdown measures that have slowed component production at factories in Malaysia and Vietnam, even as vehicle demand around the world rebounds from a pandemic slump.
