Tag Archives: sales

(Bloomberg) — AbbVie Inc. beat expectations for second-quarter profit and revenue and raised its adjusted profit guidance for the year as sales rebounded from last year’s pandemic disruptions, helped by the purchase of Allergan. Adjusted earnings for the year will be $12.52 to $12.62 a share, AbbVie said, up from a previous range that topped out at $12.57.Revenue was $14 billion for the quarter, a 34% increase from the year-earlier period that beat Wall Street’s projection of $13.65… Source link

Facebook (FB) reported second-quarter earnings after market close on Wednesday, with the recovery across the internet advertising industry helping lift the social media company’s results beyond Wall Street’s expectations.  However, Facebook flagged an expected slowdown in revenue growth, and said that decreased ad targeting abilities following an Apple iOS update would negatively impact results going forward. Shares slid more than 3.5% in late trading.  Here were the main metrics from… Source link

Apple’s iPhone 12 is expected to continue to dominate in Q3. (Image: Apple) Apple (AAPL) is set to report its Q3 2021 earnings after the closing bell on Tuesday, and analysts predict strong iPhone sales performance. But a predicted slowdown in future quarters for App Store revenue, thanks to vaccine-related reopenings and tough comparisons to 2020, could send guidance for the coming quarters lower. Here’s what Wall Street is expecting from Apple, as compiled by Bloomberg, versus how it… Source link

By Lucia Mutikani WASHINGTON (Reuters) – Sales of new U.S. single-family homes tumbled to a 14-month low in June and sales in the prior month were weaker than initially estimated, the latest signs that expensive lumber and shortages of other building materials were hurting the housing market. The third straight monthly decline in sales reported by the Commerce Department on Monday followed news last week that permits for future homebuilding dropped to a nine-month low in June while home… Source link

Alphabet Inc. is the most vulnerable Big Tech company on the regulatory front, but don’t expect that to matter when the search giant reports second-quarter financial results Tuesday. The leading digital advertising company and Google GOOGL, +3.58% GOOG, +3.37% parent company faces at least five government antitrust lawsuits, primarily for its dominance in the search market. And that dominance, to no one’s surprise,… Source link

(Bloomberg) — Intel Corp., the world’s biggest semiconductor maker, gave a lackluster third-quarter sales forecast, indicating its data-center chip business continues to suffer market-share losses in the face of stiffer competition. Sales in the current period will be about $18.2 billion, Intel said in a statement Thursday. That compares with average analyst projections of $18.3 billion. Adjusted gross margin, a measure of profitability, will be about 55%, the company said, and per-share… Source link

Enlarge / Google: “Just look at all these form factors!” There are 3 billion active Android devices in circulation now, and that means developers are eager to support Android. The vast majority of those devices are phones, so for app developers not particularly interested in the wider Android ecosystem, that means pump out a phone app and you’re done. A vibrant ecosystem of non-phone Android hardware is also out there, though—Wear OS,… Source link

Digital Advertising Veteran to Support and Expand National Sales as Company Grows Rapidly MIAMI BEACH, FL / ACCESSWIRE / June 23, 2021 /Alfi, Inc. (NASDAQ:ALF) (“Alfi” or the “Company”), an AI enterprise SaaS platform powering computer vision with machine learning models to allow content publishers and brand owners to deliver interactive, intelligent information without violating user privacy, announced today the appointment of Christopher Whalen as Vice President of National Sales. In his new… Source link

World Wrestling Entertainment (WWE) is readying to tag in loyal fans back into the viewing experience when it returns to live touring in mid-July. And it looks like they are more than willing to accept that tag.  “Ticket sales are looking great,” WWE Chief Brand Officer Stephanie McMahon told Yahoo Finance Live.  WWE said it will begin a 25-city tour in Texas on July 16. It will mark WWE’s return to live touring — which includes fans in the stadiums — since the COVID-19 pandemic began in… Source link

By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales dropped more than expected in May, with spending rotating back to services from goods as vaccinations allow Americans to travel and engage in other activities that had been restricted by the COVID-19 pandemic. Despite last month’s decline reported by the Commerce Department on Tuesday, the trend in retail sales remains strong. Sales in April were revised sharply up and are well above their pre-pandemic level, keeping intact… Source link