Tag Archives: sales

(Bloomberg) — When Broadcom Inc. reported slower sales growth than some of its peers on Thursday, Chief Executive Officer Hock Tan gave a surprising reason: It was on purpose. Even with demand for its chips surging, the company is tightly controlling which orders it fills, he said on a conference call Thursday following Broadcom’s third-quarter report. The idea is to sacrifice some current sales to avoid creating a glut in the future. “We can show bigger numbers, but that means we will… Source link

The Pixel 6. Notice how the bottom one has a bigger area above the camera block? That’s the “Pro” model. Google … Source link

The housing market may be cooling down. Pending home sales, a leading indicator of the health of the housing market, fell 1.8% in July, the second straight month of declines. The National Association of Realtors’ (NAR) Pending Home Sales Index, which tracks the number of homes that are under contract to be sold, dropped 1.8% in July from the previous month. The results missed the expected 0.4% increase in sales, according to Bloomberg analysts’ consensus estimates. “The market may be… Source link

Home sales increased for the second straight month in July. Existing home sales rose 2% to a seasonally adjusted 5.99 million units in July, from a month earlier, according to the National Association of Realtors (NAR). June total units sold were also revised to 5.78 million. The results outpaced analyst expectations of a decline of 0.5% and 5.83 million units, according to Bloomberg consensus estimates. “The housing market went through a big swing during the COVID lockdown. Once the economy… Source link

Stocks fell on Tuesday, with the major indexes pulling back from record levels amid a mixed batch of earnings results from major retailers. A closely watched monthly report on retail sales also missed estimates, pointing to a bigger-than-expected deceleration in consumer spending. The S&P 500 declined after closing at an all-time high by the end of Monday’s session. That marked the index’s fifth consecutive record close. The Dow and Nasdaq also traded lower. Shares of Dow component Walmart ( Source link

By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales fell more than expected in July as shortages weighed on purchases of motor vehicles, suggesting a moderation in economic growth early in the third quarter. The weak sales reported by the Commerce Department on Tuesday also reflected a plunge in online purchases, payback after Amazon pulled forward its Prime Day to June from July. With the school year getting into full swing later in August and most education districts reverting to… Source link

V-12 powered sports cars and rare Ferraris, each worth multiple millions of dollars, lead the line-up at this year’s annual Gooding & Company Pebble Beach auction.  “Ferrari has been in such strong demand for such a long time because they build absolutely fantastic cars,” President and CEO David Gooding told Yahoo Finance Live. “There’s everything about them that is magical.”  Gooding is the official auction house of the iconic Pebble Beach Concours d’Elegance which concludes on Aug. 15…. Source link

(Bloomberg) — Robinhood Markets Inc.’s wild week took another turn on Friday morning when it said that some early investors who filed to sell millions of shares won’t be able to do so until they get clearance from the U.S. Securities and Exchange Commission. Shares of the company climbed as much as 17% at the open in New York before parting some of the gains to trade at $50.33 in late morining in New York. The trading platform said no sales can be made off of the Thursday filing until an… Source link

An increase in mobility as more people get vaccinated for COVID-19 hasn’t changed much for the trajectory of Papa John’s (PZZA) business.  The pizza joint clobbered Wall Street sales and profit forecasts on Thursday, powered by demand for new Epic Stuffed Crust pizza and Papadia sandwiches. Here is how Papa John’s performed compared to Wall Street analyst forecasts for the second quarter: Adjusted Diluted EPS: $0.93 vs. $0.73 Net Sales: $515 million vs. $494.4 million Systemwide North America… Source link

(Bloomberg) — Alibaba Group Holding Ltd.’s revenue missed estimates for the first time in more than two years, underscoring how Beijing’s months-long campaign against the internet sector is taking a toll. Growth slowed in most of Alibaba’s major divisions from cloud to e-commerce, underlining fears that the mounting list of new government regulations is constraining expansion and increasing companies’ burdens. In a sign of the times, Chief Executive Officer Daniel Zhang on Tuesday… Source link