Sony said it now expects to sell 21 million units of the PlayStation 5 in the fiscal year ending March, down from a previous forecast of 25 million units.
Schlagwort-Archiv: Markets
Airbnb reports better-than-expected revenue and beats on guidance
Airbnb reported 17% revenue growth for the fourth quarter and provided an optimistic forecast for the current period.
Lyft shares pull way back after CFO corrects major earnings release error
Lyft reported better-than-expected earnings on Tuesday and issued uplifting guidance.
Instacart to lay off 250 employees, or about 7% of the company, as part of restructuring
Instacart on Tuesday announced it would lay off about 250 employees, or roughly 7% of the company, alongside reporting fourth-quarter earnings.
Molson Coors looks to lock in market share gains as consumers shift away from Bud Light
Molson Coors gained market share after the Bud Light boycott last year. Now executives believe they can maintain the growth they’ve seen in the past year.
Nvidia rally is fueling FOMO in the overall market, Evercore’s Julian Emanuel warns
Evercore ISI’s Julian Emanuel finds clients are more worried about being underinvested than overexposed right now.
Hasbro stock plunges after revenue drop, downbeat outlook
Hasbro now expects to cut $750 million in costs by the end of 2025, up from a previous target of $350 million to $400 million.
Biogen revenue and profit shrink on Aduhelm costs, slumping sales of multiple sclerosis therapies
The results come amid the rollout of Biogen and Eisai’s Leqembi, the first drug found to slow the progression of Alzheimer’s to win FDA approval.
Coca-Cola sales beat estimates, helped by higher prices
Coca-Cola sales rose as higher prices helped the beverage giant overcome lower volume in North America.
Restaurant Brands earnings beat estimates, fueled by strong Tim Hortons sales
Restaurant Brands earnings beat expectations as Tim Hortons performed better than expected.