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Tag: Earnings forecasts

Twitter’s revenue, adjusted revenue, was down about 40% in the month of December

Twitter Inc. reported a drop in sales and adjusted earnings for the month of December after many advertisers left the social media platform following the Elon Musk acquisition, according to people familiar with the matter. In an update to investors, Twitter reported a roughly 40% year-over-year decline in both revenue and adjusted earnings for the […]

March 4, 2023
Salesforce shares soar as software maker sees profitability soar

For the fiscal year just beginning, Salesforce forecast increasing profit margins and revenue that would exceed analyst forecasts. “Improving profitability is our number one priority,” co-founder and Chief Executive Marc Benioff said during a call with analysts. Mr Benioff said the company is cutting headcount, cutting property costs and tightening controls on spending. He said […]

March 2, 2023
California’s budget deficit is widening

February 19, 2023 11:51 a.m. ET California Governor Gavin Newsom smiles outside the California State Capitol in Sacramento, Jan. 6. Photo: Yalonda M. James/Associated Press California Governor Gavin Newsom’s budget last month predicted a $22.5 billion deficit, but apparently his forecast was too bright. The Legislative Analyst’s Office (LAO) warned last week that the state’s […]

February 19, 2023
Strength in the agricultural industry is fueling rising demand for Deere equipment

Deere DE 7.97% & Co. said it expects demand for its farm equipment to remain strong as farmers convert their rising incomes into the purchase of tractors, harvesters and other equipment. Deere raised its profit forecast for the year on Friday after quarterly revenue more than doubled from a year earlier and sales increased by […]

February 17, 2023