Shares of department-store chain Macy’s Inc. slid 8% in after-hours trading on Friday after the retailer gave a more downbeat forecast on its fourth-quarter sales, with management citing big “lulls” Read more
Tag: Forecast
China predicts COVID ‘normalcy’ within months, but experts forecast more than 1 million deaths
China’s closely watched reopening is now causing concern as the number of new COVID-19 cases grows and the country reports the first deaths in several weeks. Much of the news Read more
Oracle stock rises as earnings and revenue beat, but forecast is still to come
Oracle Corp. topped Wall Street’s expectations for profit and revenue in its most recent quarter, though the software company is still expected to issue a forecast that could be more Read more
Salesforce co-CEO Bret Taylor leaving, stock falls after lower-than-expected forecast
Salesforce Inc. performed better than expected in the third quarter, but executives issued a fourth-quarter forecast that fell short of expectations on Wednesday and revealed that co-Chief Executive Bret Taylor Read more
Inflation will drop ‘significantly’ next year, Goldman Sachs economists forecast
The Federal Reserve’s preferred measure of inflation will fall below 3% by the end of next year as supply constraints ease, the cost of housing falls and the labor market Read more
Toast stock extends rally as company gives upbeat earnings forecast
Toast Inc. shares were building on their massive Thursday rally in the aftermarket as the maker of payment software and technology for the restaurant industry gave an upbeat forecast for Read more
Marqeta stock gains after earnings as revenue forecast exceeds expectations
Shares of Marqeta Inc. were up about 6% in after-hours trading Wednesday after the company, which makes card-issuing technology, topped revenue expectations for its latest quarter and issued an upbeat Read more
Novavax stock rallies, even as company offers a dimmer sales forecast for vaccines
Novavax Inc. on Tuesday tweaked its full-year sales outlook to the low end of its expected range and reported a surprise quarterly loss, but sales for the the COVID-19 vaccine Read more
Affirm stock plunges toward record low after Peloton’s struggles weigh on forecast
Affirm Holdings Inc. shares plummeted Tuesday afternoon, after executives brought down their annual guidance for the buy-now-pay-later company amid troubles at one of its most important partners in recent years, Read more
Upstart stock melts down after earnings as forecast falls well shy of expectations
Upstart Holdings Inc. has seen its value plummet this year, and it appears set for further declines after posting lower-than-expected results for its latest quarter. On Tuesday, the company, which Read more