revenue forecast News

UPS Stock Takes a 13% Dive Following Disappointing Q4 Earnings Report

UPS's stock fell over 13% after reporting Q4 earnings below expectations, with a revenue of $25.3 billion. The company also announced a significant volume reduction agreement with ...

Meta Platforms Inc. Shatters Expectations with a 50% EPS Surge in Q4

Meta Platforms Inc. reports a 50% surge in EPS to $8.02 for Q4, with revenues hitting $48.4 billion, a 21% increase from 2023. Full-year revenue rose 22% to $164.5 billion, with EP...

Broadcom's Surge: AI Chip Demand Propels Market Value Towards $1 Trillion

Broadcom's shares surged 14% as the company forecasted rising demand for its custom AI chips, moving closer to a $1 trillion market value. The chipmaker's revenue forecast for the ...

Broadcom Anticipates Strong Q1 Revenue Surge Driven by AI Chip Demand

Broadcom forecasts Q1 revenue above estimates, driven by strong demand for AI chips and networking gear. Shares rose 3% in extended trading, reflecting a year-to-date gain of 60%. ...

Adobe's Revenue Forecast Sparks AI Investment Return Concerns

Adobe's shares fell nearly 10% in premarket trading due to a downbeat revenue forecast, raising concerns about the returns from its AI investments. Analysts note a disconnect betwe...