Key Points
Oct 31 (Reuters) - Barcode scanner maker Zebra Technologies Corp (ZBRA.O) beat third-quarter profit and revenue estimates on Tuesday but forecast a bigger-than-expected drop in the fourth-quarter net sales due to slowing tech spending in a tough economy...
The company, which counts U.S. Postal Service and Walgreens Boots Alliance (WBA.O) as its customers, has previously said it expects a hit from poor demand and growing inventory levels at its clients, primarily in the retail, ecommerce and logistics sectors...
"While we believe demand trends are leveling, we are not seeing signs of a market recovery based on customer behavior, and remain cautious in our planning for the remainder of the year and first half of 2024," said CEO Bill Burns...
You might be interested in
F5 results beat estimates as client spending on cloud applications rise
25, Jul, 23F5 (FFIV.O) beat third-quarter revenue and profit estimates on Monday, benefiting from higher customer spending on its cloud-related technology, sending its shares up nearly 9% after the bell.
Twilio forecasts fourth-quarter profit above estimates on active customer accounts growth
09, Nov, 23Cloud service provider Twilio (TWLO.N) on Wednesday forecast fourth-quarter profit above Wall Street estimates on an increase in its active customer accounts.
India's Coforge Q3 profit rises on deal wins, maintains FY revenue forecast
22, Jan, 24BENGALURU (Reuters) - Indian IT services company Coforge reported a 4.3% increase in third-quarter profit, aided by deal wins in a challenging macroeconomic environment, and reiterated its revenue
Sun Pharma returns to profit
26, May, 23Adjusted net profit rose 36% at ₹2,155.9 crore in the three months ended March after excluding exceptional items.
Lam Research forecasts strong quarterly revenue on AI boom
27, Jul, 23Chip-making tools supplier Lam Research (LRCX.O) forecast quarterly revenue above Wall Street estimates, as semiconductor makers scramble to meet a surge in demand fueled by rising adoption of artificial intelligence (AI) technology.
South Korea March exports up for sixth month on chip sales
01, Apr, 24International Business News: SEOUL: Robust demand for South Korean chips helped Asia's fourth-largest economy post export growth for a sixth consecutive month in March, albeit at .
Paycom forecasts weak fourth-quarter revenue; shares tank
01, Nov, 23Payroll processor Paycom Software (PAYC.N) on Tuesday forecast fourth-quarter revenue that was below market estimates hit by sluggish demand for payroll solutions and human resource management amid an uncertain economy, sending the company's shares down 28% in extended trading.
Tyler Technologies misses quarterly revenue estimates
02, Nov, 23Tyler Technologies (TYL.N) missed Wall Street estimates for third-quarter revenue on Wednesday, as the IT service provider faces stiff competition from bigger firms in an uncertain economy.
Car companies expect record sales this year on bumper festive demand
14, Nov, 23Automakers expect to close the year with sales of 4.10-4.17 million cars, utility vehicles and vans - 8-10% more than 2022 compared to the earlier estimate of about 0-6% growth - despite the high base of last year when sales had grown by 23% to 3.79 million units, several senior executives told ET. Better-than-expected demand for sports utility vehicles (SUVs) at the more premium end of the market is driving the sales, they said.
Nestle India Q3 Results: Profit surges 37% YoY to Rs 908 crore; firm declares Rs 140 per share interim div
19, Oct, 23Nestle India reported a 37% increase in net profit for the quarter ending September 30, 2023, reaching Rs 908.1 crore. Revenue from operations also rose by 9.4% YoY to Rs 5,036.82 crore. The company achieved a milestone of crossing Rs 5,000 crore in turnover for the quarter and recorded a double-digit domestic sales growth of 10.3%. Nestle India announced a second interim dividend of Rs 140 per share and approved a stock split.