Category: misses
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China’s SMIC Q4 profit slumps 38.4%, misses estimates despite revenue growth
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Beijing (Reuters)-International conductivity manufacturer (0981.hk), the largest chip maker in China, informed a 38.4 % decrease on an annual basis in the fourth quarter profits. The profit attributed to SMIC owners amounted to $ 107.6 million in the quarter to the quarter of October to December, compared to the estimate…
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BMO misses expectations on higher credit loss provisions
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Article content The Bank of Montreal on Thursday reported fourth-quarter earnings, but they were not enough to meet analysts’ expectations as a larger-than-expected rise in credit loss provisions took its toll. Article content Net income for the three-month period ended October 31 was $2.3 billion, higher than the $1.7 billion…
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BMO misses expectations on higher credit loss provisions
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Article content The Bank of Montreal on Thursday reported fourth-quarter earnings, but they were not enough to meet analysts’ expectations as a larger-than-expected rise in credit loss provisions took its toll. Article content Net income for the three-month period ended October 31 was $2.3 billion, higher than the $1.7 billion…
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Synopsys shares fall after sales outlook misses estimates
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Written by Stephen Nellis and Zaheer Kashwala (Reuters) – Chip design software maker Synopsys on Wednesday forecast fiscal 2025 revenue to be below Wall Street expectations, partly due to lower China sales as the United States tightens controls on chip technology that can be sold to the country. Shares of…
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Dell’s third-quarter revenue misses on PC weakness
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(Reuters) – Dell Technologies Inc (DELL) missed Wall Street expectations for third-quarter revenue on Tuesday, hurt by weak demand for traditional personal computers and intense competition from rival server makers. The company’s shares fell more than 5% to $134 in extended trading. Dell reported revenue of $24.37 billion in the…
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Venice’s €5 daytripper tax misses the boat: What do locals think the overtourism solution actually is?
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For four months earlier this year, the Italian city of Venice piloted a system of charging extra fees for day trippers. Visitors who were not staying at an overnight accommodation had to pay 5 euros ($5.40) on certain days considered the busiest, including weekends and national holidays. The fee was…
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The controversy surrounding AI pioneer Geoffrey Hinton’s Nobel Prize misses the point
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The Nobel Prize was recently awarded to Geoffrey Hinton for his contributions to artificial intelligence (AI). It sparked controversyand reveals a deeper issue of how society rewards innovation. While Hinton is celebrated for his pioneering work in artificial intelligence and his popularization of back propagation, critics, including AI expert Jürgen…
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Meme Coin Trader Misses A $25 Million Payout After Selling HIPPO On Sui Network Early
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This article is also available in Spanish. Cryptocurrency activity is dynamic, and with over 2 million tokens in existence (and growing), it is difficult to know exactly which of these coins will be pumped and on which network. Admittedly, meme coins have been dominating the headlines, especially in Solana. From…
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Meme Coin Trader Misses A $25 Million Payout After Selling HIPPO On Sui Network Early
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This article is also available in Spanish. Cryptocurrency activity is dynamic, and with over 2 million tokens in existence (and growing), it is difficult to know exactly which of these coins will be pumped and on which network. Admittedly, meme coins have been dominating the headlines, especially in Solana. From…
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Sanofi MS drug tolebrutinib misses goal in relapsing disease trials By Reuters
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By Ludwig Berger (Reuters) – Sanofi Nasdaq:NASDAQ:NASDAQ:MSN’S most advanced multiple sclerosis drug failed to meet the main goal of two late-stage trials to treat recurrent forms of the disease, dimming the prospects for a broad class of drugs. The French drugmaker said on Monday that two phase 3 trials showed…
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Trader misses out on $2m SUNDOG profit
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The recent surge in the price of Sundog token has likely left one trader regretting his decision to sell too soon. According to blockchain security and intelligence platform Arkham, the trader initially invested $65 in SUNDOG (SUNDOG) when the meme coin was launched on the SunPump platform. However, just 20…
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Carlyle Q2 profit misses, shares drop amid market sell-off By Reuters
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By Echo Wang NEW YORK (Reuters) – A private equity firm The Carlyle Group General Electric Co. (NASDAQ:GE) reported a larger-than-expected 11.7% year-over-year decline in distributable profit in the second quarter on Monday, as record revenue from management and transaction fees failed to offset a big drop in performance fees.…
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Dow misses profit estimates on lower demand in Asia, Europe
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(Reuters) – Dow Chemical Co said on Thursday it missed second-quarter earnings expectations, hurt by lower prices and demand in key markets including Asia and Europe. Manufacturing activity in the eurozone and China declined during the quarter, with Chinese economic data in June showing raw material stocks in contraction territory.…
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Tesla misses profit estimates, extending weak start to 2024
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Article Content Tesla Inc. missed Wall Street’s second-quarter earnings expectations, continuing a rocky start to the year marked by slowing sales and mass layoffs across the company. It was the fourth straight year that the electric carmaker missed its forecast, reporting adjusted earnings of 52 cents a share on Tuesday,…
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Euronet misses top-line and bottom-line estimates; reaffirms FY24 EPS growth outlook
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Press release from Euronet (NASDAQ: EFT): Non-GAAP EPS for the second quarter was $2.25. Error by $0.04. Revenue of $986.2 million (+5.0% year-over-year) Fails by $23.8 million. Adjusted EBITDA was $178.2 million, an increase of 7% compared to $165.8 million (up 10% on a constant currency basis). Cash and Euronet…
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Bpost shares touch all-time low as postal group’s profit guidance misses estimates By Investing.com
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Investing.com – Shares of Bpost (EBR:) hit an all-time low on Wednesday after the Belgian postal company unveiled annual earnings guidance that missed expectations. The company said it now expects adjusted earnings before interest and taxes at the group level for the full year of between 165 million euros and…
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European markets dip after UK inflation misses forecast (EUR:USD)
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Da-kook/E+ via Getty Images LONDON (UKX) -0.45% UK inflation fell to 2.3% in April, higher than market expectations of 2.1%. However, it is the lowest since July 2021. UK public sector net borrowing rose to £20.5 billion in April. Germany (DAX:IND) -0.20% France (CAC:IND) -0.43% Sweden’s unemployment rate rose to…