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Operating profit for the world's biggest maker of memory chips and TVs likely rose to 5.7 trillion won ($4.24 billion) in the quarter ended March 31, according to the average of an LSEG SmartEstimate from 27 analysts, weighted toward those who are more consistently accurate.
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The company reported an adjusted net profit of 3 cents per share for the quarter ended Feb. 29, compared with analysts' average estimate of a loss of 3 cents, according to LSEG data.
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The impact of strikes and a drop in logistics profits will lead to a higher expected operating loss in the first quarter than in earlier years, the German airline said, offsetting strong post-COVID travel demand.
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EBay's board of directors also authorized an additional $2 billion share repurchase program.
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Zoom also authorized a stock buyback of up to $1.5 billion of its outstanding Class A common stock.
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VinFast's net losses in the final quarter of 2023 reached $650.1 million, also 1.3% higher than the same period of 2022.
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Nvidia Corp's net income for the fourth quarter ended January 28, 2024 grew by 769 percent on-year and 33 percent sequentially to $12.3 billion, driven by increasing demand for artificial intelligence worldwide.
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Revenue should increase about 4% in 2024 on an organic basis after gaining 7.2% last year, Nestle said Thursday. The company also expects a 6% to 10% gain in underlying earnings per share.
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While EPAM expects revenue to decline in January-March, Capgemini projected a slower revenue growth in 2024 vis-a-vis 2023
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The firm, which offers consulting, digital, technical and engineering services, expects its revenue to grow between 0% and 3% at constant currency this year, compared with 4.4% growth it reported for 2023.
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Profit in the April-December period was 979 billion yen ($6.50 billion). The company's profit for the first six months of the financial year was 516 billion.
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The Tokyo-based technology investor reported a net income of ¥950 billion ($6.4 billion) for the December quarter, reversing a ¥783 billion loss for the same period a year ago.
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Amazon's roster of high-spending business customers have provided it stable growth in an uncertain economy, but its position as the world's biggest cloud provider is being challenged by rival Microsoft.
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Shares soared more than 14% after the bell, pushing the company's stock market valuation up by more than $140 billion and extending a long recovery that saw Meta hit record highs in recent weeks for the first time in more than two years.
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Apple Chief Financial Officer Luca Maestri indicated that revenue in the current quarter would be less than a year ago, when the quarter benefited from a post-COVID boost of about $5 billion in sales.
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Sales, excluding partner payouts, jumped 15% to $72.3 billion in the three months ended Dec. 31, the company said Tuesday in a statement.
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Revenue in the second quarter, which ended Dec. 31, rose 18% to $62 billion, while profit was $2.93 a share, the company said in a statement Tuesday. Analysts polled by Bloomberg on average estimated per-share earnings of $2.78 on sales of $61.1 billion.
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Sticky inflation and high borrowing costs have forced firms to cut back on expenditure, hurting companies like Oracle that depend on enterprise spending.
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Vendors in the market have seen a slowdown in demand following the surge in sales of electronic devices during COVID lockdowns on the back of increased work-from-home measures.
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The company has in recent years grappled with supply chain issues and a post-pandemic slowdown in demand, which has hastened its push into software offerings like cybersecurity.
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Sachem Head Capital Management increased its stake in Salesforce by 33% during the third quarter while Farallon Capital Management upped its holding by 30% to own 2.5 million shares on September 30, the filings show.
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Organic service revenue in the second quarter rose 4.7%, the Newbury, England-based phone carrier said in a statement on Tuesday.
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The Taiwanese company, the world's largest contract electronics maker, said net profit for the July-September quarter rose to T$43.1 billion ($1.3 billion) from T$38.8 billion in the same period the previous year.
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The company reported a 127% rise in July-September operating profit to 208.1 billion yen ($1.38 billion), compared with an average estimate of 155.9 billion yen in a poll of 10 analysts by LSEG and a 91.7 billion yen operating profit in the same period a year earlier.
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The world’s top steelmaker outside of China reported a 28% decline in earnings from the previous quarter, better than analysts expected. Margins and sales were squeezed as the manufacturing and construction sectors languished.
