Tag Archives: Forecasts

Marvell Technology, Inc. MRVL will release earnings results for the second quarter after the closing bell on Thursday, Aug. 28. Analysts expect the Wilmington, Delaware-based company to report quarterly earnings at 67 cents per share, up from 30 cents per share in the year-ago period. Marvell Technology projects to report quarterly revenue of $2.01 billion, compared to $1.27 billion a …

(Reuters) -Dell Technologies raised annual revenue and profit forecasts on Thursday, buoyed by demand for its artificial intelligence-optimized servers that are powered by Nvidia‘s advanced chips. Shares fell more than 4% in extended trading as Dell’s third-quarter profit outlook was below analysts’ estimates. Rising demand for AI servers, capable of handling computational needs of AI workloads, is benefiting companies such …

By Jaspreet Singh (Reuters) -Intuit (INTU) forecast first-quarter revenue growth below analysts’ estimates on Thursday, hit by sluggish performance at its marketing platform Mailchimp, sending the shares down nearly 6% before the bell on Friday. The company provides products such as tax-preparation software TurboTax, personal finance portal Credit Karma and accounting software QuickBooks. Mailchimp, acquired in 2021 and housed within …

By Jaspreet Singh (Reuters) -Palo Alto Networks forecast fiscal 2026 revenue and profit above analysts’ estimates on Monday, betting on growing demand for its artificial intelligence-powered cybersecurity solutions, sending its shares up 5% in extended trading. The company has been benefiting from an AI-driven upgrade cycle as enterprises accelerate their cloud adoption and modernize security operations amid rising data breach …

Tom Espiner BBC business reporter Getty Images UK economic growth slowed between April and June, according to official figures, but came in better than expected. The economy expanded by 0.3%, down from 0.7% in the first three months of the year, the Office for National Statistics said. The biggest contribution came from services while the construction industry also grew. The …

Foxconn Hon Hai Technology Group signage during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Thursday, March 20, 2025. David Paul Morris | Bloomberg | Getty Images Taiwan’s Foxconn, the world’s largest contract electronics maker, reported Thursday that its second-quarter operating profit rose 27% year over year, on the strength of its growing artificial intelligence server …

Meta posted nice numbers for the June quarter with revenue surging 22% to $47.5 billion and net income up 36% to $18.3 billion. Earnings per share of $7.14 was also beat Wall Street’s expectations, as did daily active users rose to 3.48 billion. “We’ve had a strong quarter both in terms of our business and community,” said Mark Zuckerberg, Meta founder …

The US Federal Reserve will announce its latest decision on interest rates today amid intense pressure from Donald Trump to lower rates. Despite an onslaught of attacks from the White House against the Fed, officials at the central bank are expected to leave rates unchanged. Data released on Wednesday underlined the resilience of the US economy, which bounced back faster …

We now live in the Pyrocene, a proposed new geologic epoch of high wildfire activity brought about by human-caused climate change. The occurrence of extreme fire weather is now roughly double compared to the preindustrial period, according to a study released just this week. The Pyrocene has brought a long summer of wildfire smoke in 2025 across North America, where plumes …

Novo Nordisk lowered its sales forecast for obesity drug Wegovy, citing competition from compounded versions. Scott Olson/Getty Images hide caption toggle caption Scott Olson/Getty Images Novo Nordisk’s shares plunged more than 20% Tuesday, after the company cut the forecast for its flagship obesity drug. Before the markets opened, the company announced that sales of its obesity medicine, Wegovy, are expected …