Posts in category Economic Times
Arm’s annual revenue forecast fails to impress investors; shares tumble (09-05-2024)
For the current fiscal first quarter, Arm forecast revenue in a range between $875 million and $925 million, with a midpoint of $900 million, compared with an average analyst estimate of $857.5 million, according to LSEG data.
Airbnb shares slide on lower revenue forecast despite a doubling of net income (09-05-2024)
Earnings growth was partly driven by a shift in the Easter holiday, which came during the first quarter this year versus the second quarter in 2023. Easter is a significant travel holiday.