Today: September 11, 2024
Today: September 11, 2024

Earnings Forecast

Business|Entertainment|Travel

Royal Caribbean lifts profit forecast, reinstates dividend as cruise demand thrives

Royal Caribbean Group raised its annual profit forecast on Thursday and said it would reinstate its dividend, with the company coming a full circle

Royal Caribbean lifts profit forecast, reinstates dividend as cruise demand thrives
Business

Major airline shares hit turbulence on disappointing profit outlook from United

Shares of major U.S. airlines fell on Wednesday, after a disappointing fourth-quarter forecast from United Airlines a day earlier spooked investors and raised concerns

Major airline shares hit turbulence on disappointing profit outlook from United
Business

Take-Two Interactive forecasts third-quarter net bookings below estimates

Take-Two Interactive Software forecast third-quarter net bookings below market expectations on Wednesday, hurt by a slowdown in spending on the company's gaming titles such as "Grand Theft

Take-Two Interactive forecasts third-quarter net bookings below estimates
Business

Chipmaker Analog Devices' forecasts held back by inventory corrections

Chipmaker Analog Devices projected first-quarter revenue and profit below market estimates on Tuesday, as it grapples with the ongoing supply glut in the semiconductor industry.

Chipmaker Analog Devices' forecasts held back by inventory corrections
Business

Salesforce forecasts fourth-quarter revenue above expectations

Salesforce forecast fourth-quarter revenue above market expectations on Wednesday, benefiting from strong demand for its cloud and business products in an uncertain economy, sending its

Salesforce forecasts fourth-quarter revenue above expectations
Business

Ulta Beauty raises annual forecasts, longtime CFO Settersten to retire

Ulta Beauty on Thursday raised the lower end of its full-year profit and sales forecasts helped by buoyant demand for luxury skincare and fragrances and also said its longtime CFO Scott

Ulta Beauty raises annual forecasts, longtime CFO Settersten to retire
Business

Defense firm Lockheed forecasts dour 2024 profit on supply chain woes

Lockheed Martin forecast its 2024 profit below Wall Street expectations on Tuesday, as the U.S. defense contractor's largest aeronautics segment that

Defense firm Lockheed forecasts dour 2024 profit on supply chain woes
Business

Textron sees strong 2024 profit on US Army deal, higher plane deliveries

Cessna business jet maker Textron on Wednesday forecast higher private plane deliveries this year and 2024 profit above Wall Street estimates as the

Textron sees strong 2024 profit on US Army deal, higher plane deliveries
Business

Tinder-parent Match forecasts weak revenue on lower spending on dating apps

Tinder-parent Match Group forecast first-quarter revenue below Wall Street expectations on Tuesday as users of dating apps cut back spending amid economic uncertainty.

Tinder-parent Match forecasts weak revenue on lower spending on dating apps
Business

Thermo Fisher forecasts 2024 profit below estimates on biotech demand slump

Medical equipment maker Thermo Fisher Scientific Inc on Wednesday forecast annual profit below Wall Street estimates, as it expects that a slump in demand for its services used to make

Thermo Fisher forecasts 2024 profit below estimates on biotech demand slump
Business

Take-Two forecasts fourth-quarter net bookings below expectations

Take-Two Interactive Software forecast fourth-quarter bookings below market expectations on Thursday, on signs of weak demand for the company's gaming titles such as "Grand Theft Auto".

Take-Two forecasts fourth-quarter net bookings below expectations
Business

Cadence Design expects lower first-quarter revenue as hardware sales normalize

Cadence Design Systems forecast a decline in revenue for the first quarter as its hardware sales were up against tough comparisons from a year earlier, where it ramped up

Cadence Design expects lower first-quarter revenue as hardware sales normalize
Business

Marriott forecasts 2024 profit below estimates as US travel demand moderates

Hotel operator Marriott International forecast 2024 profit below Wall Street estimates on Tuesday, as travel demand in the United States normalizes from its post-pandemic peak.

Marriott forecasts 2024 profit below estimates as US travel demand moderates
Business

Grocery-delivery firm Instacart forecasts strong Q1, plans 250 job cuts

Instacart forecast on Tuesday its first-quarter gross transaction value and core profit above analysts' estimates, and said it plans to cut 250 jobs, or about 7% of its workforce, to focus

Grocery-delivery firm Instacart forecasts strong Q1, plans 250 job cuts
Business

Applied Materials gains on upbeat forecast as rising AI adoption drives chip tools demand

Applied Materials shares rose 13% in premarket trading on Friday after the semiconductor equipment supplier forecast a better-than-expected second quarter on strong demand from customers

Applied Materials gains on upbeat forecast as rising AI adoption drives chip tools demand
Business

Royal Caribbean boosts annual profit forecast on strong cruise demand

Royal Caribbean Group on Wednesday raised its annual profit forecast as the company benefits from strong cruise demand during the key 'wave season' and robust on-board spending.

Royal Caribbean boosts annual profit forecast on strong cruise demand
Business

TurboTax maker Intuit forecasts third-quarter revenue growth above estimates

Accounting software maker Intuit forecast third-quarter revenue growth above Wall Street estimates on Thursday, expecting a surge in demand for its AI-enabled financial management tools

TurboTax maker Intuit forecasts third-quarter revenue growth above estimates
Business

BofA lifts 2024 S&P 500 profit forecast as AI enters 'virtuous cycle'

BofA Global Research raised its earnings forecast for the S&P 500 on Tuesday, projecting a 12% increase in profit for the companies in the benchmark index this year.

BofA lifts 2024 S&P 500 profit forecast as AI enters 'virtuous cycle'
Business|News

Royal Caribbean lifts profit view again on cruise boom, higher prices

Royal Caribbean Group on Thursday raised its annual profit forecast for a second time, after record bookings during the first quarter and higher

Royal Caribbean lifts profit view again on cruise boom, higher prices
Business|Economy

DuPont sees China demand returning, raises full-year forecasts

Industrial materials maker DuPont de Nemours said it sees demand returning in China and raised its full-year forecasts on Wednesday, sending shares of the company up 6% in

DuPont sees China demand returning, raises full-year forecasts
Business|Economy

Deutsche Bank lifts S&P 500 year-end target to Street-high of 5,500

Deutsche Bank has raised its 2024 year-end S&P 500 target to 5,500, the highest among major brokerages, banking on strong corporate earnings to support equity valuations.

Deutsche Bank lifts S&P 500 year-end target to Street-high of 5,500
Business|Economy

UBS lifts S&P 500's year-end target to Street high of 5,600

UBS Global Research raised its year-end target for the benchmark S&P 500 index to 5,600 points on Tuesday, marking the highest forecast among major brokerages.

UBS lifts S&P 500's year-end target to Street high of 5,600
Business|Finance

Philip Morris raises profit forecast as nicotine pouch demand grows

Philip Morris International raised its annual profit forecast on Tuesday, banking on higher cigarette prices and its growing nicotine pouch brand ZYN while trimming the outlook for its

Philip Morris raises profit forecast as nicotine pouch demand grows

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