expects

Smartphone Market Rebound: Qualcomm Expects Surge in Sales and Profit

by

Qualcomm Inc., based in San Diego, California, has announced a positive outlook for sales and profits in the upcoming period, hinting at a potential increase in smartphone demand after a two-year decline. The company forecasts revenue ranging from $8.8 billion to $9.6 billion for the period ending in June, with earnings per share projected to be between $2.15 and $2.35, excluding certain items. This outlook reflects Qualcomm’s anticipation of a gradual recovery in smartphone demand …

Read more

AI Server Maker Super Micro Computer Expects Steady Demand, Beats Wall Street Estimates

by

San Jose, California – Super Micro Computer, a leading AI server maker, reported third-quarter revenue below analysts’ estimates due to fierce competition in the server-making industry. Despite the setback, the company remains optimistic about its fourth-quarter revenue outlook, projecting it to exceed expectations driven by a steady demand for its AI servers. The company’s stock, which has experienced a significant increase in value this year, dropped nearly 8% in after-hours trading following the announcement of …

Read more

Busiest: Austin Airport Shatters Records Post-Eclipse, Expects Sky-High Travel Numbers

by

AUSTIN, Texas – The Austin-Bergstrom International Airport (AUS) experienced a surge of travelers following the total solar eclipse that passed over the city on Monday. The airport reported record-breaking numbers on both Tuesday and Thursday after the celestial event. On Tuesday, April 9, AUS welcomed 37,147 travelers, marking it as the eighth busiest day in the airport’s history. Two days later, on Thursday, April 11, the airport saw a significant increase with 39,967 travelers passing …

Read more

Fundraiser Bonanza: Trump Expects $43 Million at Palm Beach Event, Breaking Records

by

NEW YORK (AP) – In a bid to regain his political footing and position himself for a third run at the White House, Donald Trump’s campaign is anticipating a windfall of over $40 million at a high-profile fundraiser in Palm Beach, Florida. The major donors anticipated to gather at the home of billionaire investor John Paulson are expected to contribute significantly to Trump’s fundraising efforts. The event, dubbed the “Inaugural Leadership Dinner,” is projected to …

Read more

IPO Oversubscribed: Reddit Expects $6.5B Valuation in Long-Awaited Debut

by

New York, NY – Reddit’s highly anticipated initial public offering (IPO) is generating significant interest from investors, with reports indicating that the IPO is between four and five times oversubscribed. This oversubscription suggests strong demand for the company’s shares and could lead to a valuation of $6.5 billion. Despite the oversubscription, there is no guarantee that Reddit will have a successful stock market debut. However, industry sources believe that the company is likely to meet …

Read more

Ukraine: Johnson Expects Democratic Support for Aid – POLITICO

by

Washington D.C. – Amidst growing tensions in Ukraine, Republican Senate Leader Johnson is signaling a potential shift in strategy. Johnson has hinted at taking up the Ukraine aid issue with Democratic senators, indicating a possible move towards bipartisan cooperation on the matter. The political landscape regarding Ukraine aid is evolving, with House Speaker urging action on the bill. The call to “lead, follow, or get out of the way” reflects the urgent need to address …

Read more

**Alibaba Expects to Dominate E-Commerce Market in China Amidst New Management and Intense Competition**

by

Hangzhou, China – Chinese e-commerce powerhouse Alibaba, led by co-founder Joe Tsai, is regaining its position as a key player in the market after facing challenges in recent times. In an exclusive interview with CNBC, Tsai expressed confidence in Alibaba’s resurgence following internal changes, a scrapped cloud computing IPO, and intensifying competition in the e-commerce sector. The company, a dominant force in China’s online shopping realm, has been grappling with heightened competition as consumers opt …

Read more

Sony Expects Decline in PS5 Sales and No Major Franchise Titles Until April 2025

by

TOKYO, Japan – Sony is predicting a gradual decline in hardware sales for its PlayStation 5 during the next fiscal year, which runs from April to March 2025. The company also announced that it does not plan to release any major existing franchise titles during this 12-month period. In the company’s financial results for the three months ended December 31, 2023, Sony’s gaming division reported another record quarter in terms of revenue, with PS5 sales …

Read more

Ford Ford’s Fourth Quarter Earnings: What Wall Street Expects Now!

by

DETROIT, MICHIGAN — Ford Motor is set to release its fourth-quarter and 2023 earnings after the markets close on Tuesday. Wall Street analysts are eagerly anticipating the results, with expectations for a 73.4% decrease in adjusted earnings per share compared to a year earlier, as well as a 3.9% decline in automotive revenue. Ford’s 2022 fourth-quarter results revealed $41.8 billion in automotive revenue, net income of $1.3 billion, and adjusted earnings before interest and taxes …

Read more