Towards the end of the year, with losses continuing to mount, eToys would not meet its fiscal third -
quarter sales forecast and had just four months of cash left.
Apple is said to have trimmed its first -
quarter sales forecast to 30 million units from 50 million, Taiwanese newspaper Economic Daily News reported, citing unidentified supply chain officials.
Bernstein predicts Apple will give a June
quarter sales forecast below Wall Street expectations.
Shares in Philips dropped as much as 4.8 percent on Jan. 24 after the Dutch medical equipment maker missed fourth -
quarter sales forecasts and said it expected investigations by U.S. authorities to have a significant impact on its defibrillator business.
Now that Black Friday has come and gone, retailers and industry prognosticators are revising their fourth -
quarter sales forecasts based on how much consumers shelled out during the post-Thanksgiving shopping frenzy.
Not exact matches
Furthermore, Apple's overall fourth -
quarter revenue of US$ 28.27 billion was more than $ 1 billion short of
forecasts; it was the first time Apple missed analyst
sales forecasts since 2008.
The retailer's shares tanked 19 % to $ 28.37 — their lowest level since 2010 — after it reported that same - store
sales, or revenue of stores open at least 14 months, rose a mere 0.1 % in the second
quarter, well below its own
forecasts for a rise of 2 % to 3 %, and short of Wall Street projections for a 1.4 % gain.
Apple did a bit better than Wall Street expected in its latest
quarter and
forecast better
sales than investors...
By contrast, a 3.8 percent rise in Burger King comparable
sales topped a consensus
forecast of 3.5 percent and helped Restaurant Brands beat first -
quarter profit estimate.
The company is expected to report
sales of 51.9 million iPhone units from the fiscal second
quarter, along with an average selling price of $ 740, according to average analyst
forecasts compiled by Bloomberg.
Apple hasn't made excuses for iPhone X shortages, and it did
forecast a record
quarter of around $ 85.5 billion in
sales for the holiday
quarter.
On Tuesday, Nike (NKE) is expected to post third -
quarter profit that beats Wall Street's
forecasts, as the company has seen strong
sales growth amid increased demand for basketball and running shoes.
The company, in November, raised its 2017 earnings and same - store
sales forecasts, likely reflecting higher
sales in the key holiday
quarter.
That's why most business owners would rather do just about anything than sit down with a spreadsheet and try to
forecast what their
sales, profits and cash flow are going to look like next year, next
quarter or even next month.
Shingrix
sales totalled 110 million pounds ($ 154 million) during its first full
quarter on the market, beating analysts» consensus
forecast of around 35 million.
The company also expects more gains this
quarter: Best Buy
forecast comparable -
sales will rise 1.5 % to 2.5 %.
Wearable device maker Fitbit
forecast current -
quarter revenue below Wall Street estimates on Wednesday as the company expects further
sales declines for its fitness tracking devices.
May 3 - Kellogg Co topped Wall Street
forecasts for first -
quarter sales and profit on Thursday as the maker of Corn Flakes and Fruit Loops cereal earned more from its health - focused snack brands.
That suggests Apple will likely beat the expectations of analysts, who were
forecasting $ 63.7 billion in holiday -
quarter sales, according to FactSet.
The department store chain said on Tuesday that comparable
sales rose 1.3 % in the holiday
quarter that ended on Feb. 1, their first quarterly increase by that metric since the end of 2014 and well above analysts»
forecasts.
Apple's stock fell more than 2.5 percent in premarket trading following a report from Taiwan's Economic Daily that the iPhone maker will slash its
sales forecast for the iPhone X by 40 percent in the
quarter to 30 million units.
The iPhone maker's stock fell more than 2.5 percent in premarket trading following a report from Taiwan's Economic Daily, citing unidentified sources, that Apple will slash its
sales forecast for the iPhone X by 40 percent in the
quarter to 30 million units.
GameStop shares were down as much as 20 percent Tuesday morning as the company issued a weaker - than - expected
forecast for the fourth
quarter and full year due to declines in video game
sales.
Fiscal second -
quarter iPhone unit
sales are expected to be 51.9 million, up from 50.8 million a year earlier, according to average analyst
forecasts compiled by Bloomberg.
The British Columbia Real Estate Association has released its 2018 first
quarter housing
forecast, showing residential
sales are expected to fall 8.6 per cent to 94,855 units this year, with the decline continuing into 2019.
As a result of weaker
sales in the wake of the data breach, the third largest U.S. retailer also cut its fourth -
quarter adjusted earnings per share (EPS)
forecast for its U.S. operations to $ 1.20 to $ 1.30, from $ 1.50 to $ 1.60.
But the association predicts the pace of
sales will cool due to several factors, including a five - year qualifying rate for a mortgage that is
forecast to reach 5.70 per cent by the fourth
quarter of 2019.
Feb 13 - PepsiCo Inc's
sales topped Wall Street
forecasts in the fourth
quarter, as higher demand at its snacks business that makes Doritos and Cheetos made up for a decline in
sales of sugary drinks.
First -
quarter sales came in at 12.70 billion crowns ($ 2.06 billion), below the 12.89 billion
forecast in a Reuters poll of analysts.
Mark Kalinowski, the Janney analyst, raised his
forecast for
sales at Wendy's restaurants open at least a year to 5 per cent in the third
quarter, citing the possibility that the burger would be released during that period.
Accounting software can not only help you reduce human errors in your calculations, but it can help you gain insights into your business that you couldn't see in paper form — such as generating
sales forecasts for the next
quarter, determining which items are overstocked, and pinpointing your least profitable service.
McDonald's U.S. same - store
sales jumped 4.1 percent in the third
quarter, surpassing analysts» average
forecast of 3.4 percent, according to Consensus Metrix.
In the same statement, Target also said it expected to report fourth -
quarter comparable - store
sales growth of 3 percent, versus its prior
forecast of 2 percent growth.
NEW YORK Bristol - Myers Squibb Co on Thursday significantly raised its full - year earnings
forecast even as first -
quarter sales of some medicines fell short of expectations and sent shares of the U.S. drugmaker down almost 1 percent.
Nestle SA posted slower - than - expected first
quarter sales but held to its full year
forecast for underlying revenue growth.
PepsiCo Inc's
sales topped Wall Street
forecasts in the fourth
quarter, as higher demand at its snacks business that makes Doritos and Cheetos made up for a decline in
sales of sugary drinks.
(Reuters)- PepsiCo Inc's (PEP.O)
sales topped Wall Street
forecasts in the fourth
quarter, as higher demand at its snacks business that makes Doritos and Cheetos made up for a decline in
sales of sugary drinks.
Eli Lilly and Co lifted its full - year profit
forecast on Tuesday after comfortably beating estimates for the first
quarter, largely due to strong
sales of its diabetes and cancer drugs and lower expenses.
The company is expected to report
sales of 51.9 million iPhone units from the fiscal second
quarter, along with an average selling price of US$ 740, according to average analyst
forecasts compiled by Bloomberg.
SAME - STORE
SALES AND REVENUE FORECAST: Analysts are expecting Starbucks to post a 1.8 % increase in global same - store sales for the quarter, with much of the gain driven by its Asia business, which is expected to post same - store sales growth of 2
SALES AND REVENUE
FORECAST: Analysts are expecting Starbucks to post a 1.8 % increase in global same - store
sales for the quarter, with much of the gain driven by its Asia business, which is expected to post same - store sales growth of 2
sales for the
quarter, with much of the gain driven by its Asia business, which is expected to post same - store
sales growth of 2
sales growth of 2.3 %.
The company said Wednesday that it rung up $ 184.4 million in
sales for the
quarter, beating Wall Street analysts» consensus
forecast of $ 172 million.
By Shariq Khan (Reuters)- Wearable device maker Fitbit Inc
forecast current -
quarter revenue below Wall Street estimates on Wednesday as the company expects further
sales declines...
Combined that with a disappointing
sales forecast for the fourth
quarter and shareholders have seen their stock tank some 50 % since the end of September.
The home retail store saw comps up 1.8 percent in the second
quarter but
forecasts sales to decline 1...
Executives»
forecast for the current
quarter was a bit underwhelming, with
sales expected to come in between $ 60 billion and $ 62 billion as gross profit margin stops at roughly 38 %.
The company also
forecast first -
quarter sales of $ 18.2 - $ 19.9 billion; Street consensus was for $ 19.67 billion.
Coles» same - store food and liquor
sales rose 0.9 per cent in the March
quarter — falling short of market
forecasts of about 1.4 per cent and trailing behind the 2.5 per cent growth in the broader food and grocery market.
Semiconductor stocks were sharply lower after Microchip Technology cut its
sales forecast for the
quarter and warned investors to expect bad news from others in the sector.
Wal - Mart lowered its full - year profit
forecast on Thursday and warned
sales would be flat through the end of January, after
sales fell for a third straight
quarter at U.S. stores open at least a year.
After adjusting for the timing of New Year's Day and Easter, same - store food and liquor
sales rose 1.3 per cent — the strongest growth in six
quarters but still well below that at Woolworths, where same - store food
sales are
forecast to grow 3.8 per cent.