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Revenue Outlook

All articles tagged with #revenue outlook

business1 month ago

Salesforce Boosts Revenue Outlook Amid AI Adoption and Investor Skepticism

Salesforce reports a strong revenue outlook for the current period, exceeding analyst estimates, driven by increased adoption of its AI tools like Agentforce, which has secured over 9,500 paid deals. The company's revenue is expected to be between $11.1 billion and $11.2 billion, with growth partly fueled by its recent $8 billion acquisition of Informatica. Despite some challenges in customer adoption and competition, Salesforce remains optimistic about the future impact of its AI products.

via Bloomberg.com|
#agentforce#ai-adoption#ai-tools
finance1 year ago

Adobe Stock Tumbles 12% Amid Concerns Over AI Revenue Delays

Adobe shares dropped significantly in premarket trading after the company issued a revenue outlook that fell short of Wall Street expectations, forecasting current-quarter sales between $5.63 billion and $5.68 billion, below the consensus of $5.72 billion. The stock, which has been under pressure partly due to concerns over AI integration, is now trading within a rising wedge pattern. Key support levels to watch are $500, $475, and $440, while resistance areas are around $565 and $635.

via Investopedia|
#adobe#artificial-intelligence#finance
business1 year ago

DraftKings Faces Challenges Amid Growth and Industry Shifts

DraftKings' stock rose despite missing Q3 earnings estimates, reporting a loss of 60 cents per share and revenue of $1.095 billion, both below analyst expectations. The company adjusted its 2024 revenue outlook downward due to unfavorable sports outcomes but introduced a 2025 outlook with significant growth. DraftKings secured a $500 million credit facility and saw increased monthly unique players. Analysts remain optimistic, with CFRA upgrading the stock to a strong buy, citing its leading mobile app and product innovation.

via Investor's Business Daily|
#business#draftkings#q3-earnings
businesstech1 year ago

"TSMC's Strong Outlook Fueled by AI Demand"

Taiwan Semiconductor Manufacturing Co. (TSMC) exceeded revenue expectations and plans to invest up to $32 billion in 2024, signaling sustained growth in AI demand. The company's strong performance was driven by increased demand for AI, leading to its first quarterly profit rise in a year. TSMC expects revenue of $19.6 billion to $20.4 billion in the June quarter, surpassing estimates.

via Bloomberg|
#ai#businesstech#chipmaker
business1 year ago

Dr. Martens Stock Plunges 30% on Weak US Revenue Outlook

Dr. Martens shares plummeted 30% to an all-time low after the company issued a bleak 2025 outlook, leading to a temporary trading halt on the London Stock Exchange. The shoemaker anticipates a double-digit decline in wholesale revenue in the U.S. for 2025 and expects overall revenues to decrease due to an inability to offset inflation with price increases. CEO Kenny Wilson will step down in March 2025, with Chief Brand Officer Ije Nwokorie set to replace him. Analysts express negative sentiment and anticipate a recovery in the company's U.S. performance by the end of the second half of the year. Additionally, Dr. Martens has filed a lawsuit against Temu for allegedly manipulating Google searches, following previous legal action against Shein for selling counterfeits.

via CNBC|
#business#ceo-change#dr-martens
finance1 year ago

"AbbVie's Atogepant: Long-Term Safety and Efficacy for Migraine Prevention"

AbbVie Inc (NYSE: ABBV) released positive interim analysis results for its long-term study on atogepant, a drug for migraine prevention, leading to a 2.75% drop in its stock price. The study showed consistent improvements in monthly migraine days, headache days, and acute medication use days over 48 weeks, with no new safety concerns identified. AbbVie raised its long-term revenue outlook for atogepant and another drug, expecting peak combined revenues of more than $3 billion.

via Yahoo Finance|
#abbvie#atogepant#finance
business1 year ago

Lululemon Stock Tumbles on Sluggish Sales Forecast

Lululemon's shares plunged 15% after reporting a slowdown in US store traffic and issuing a weaker-than-expected revenue outlook for the first quarter and full year. The company cited softness in US consumer demand, leading to a lower growth forecast of 11% to 12%, down from 19% the previous year. Despite this, analysts anticipate that Lululemon will surpass its conservative guidance, especially with plans for new products, expansion in China, and a focus on men's apparel and international markets.

via Yahoo Finance|
#athleisure#business#lululemon
finance1 year ago

"The Trade Desk Inc. Surges on Strong Revenue and Earnings Forecast"

Trade Desk's fourth-quarter earnings met estimates while revenue surpassed expectations, driven by growth in internet TV. The company's guidance for TTD stock exceeded expectations, leading to a surge in its stock price. Trade Desk reported a 23% increase in revenue to $605.8 million, with a strong outlook for the current quarter, expecting revenue of $478 million and EBITDA of $130 million. The company's performance was attributed to opportunities in connected TV, retail media, identity, and international markets, mitigating concerns related to Google cookie deprecation and Amazon video-on-demand.

via Investor's Business Daily|
#digital-advertising#finance#internet-tv