Profit guidance
Meta leans on improved ad business to fuel massive AI spending
Investors have historically been anxious about whether the company’s businesses will benefit meaningfully from its hefty AI investments
LVMH suffers sluggish sales of high-end fashion and handbags
In uncertain times, consumers see gold necklaces, bracelets and the like as better stores of value than trendy handbags
Intel gives weak forecast after supply shortages hurt sales
Despite the optimism, the company still has a long way to go to restore its former chip-industry glory
Info-Tech Systems forecasts ‘considerable increase’ in consolidated net profit for FY2025
This is attributed to higher academy training revenue due to stronger demand
Hewlett Packard forecasts weak quarterly revenue, shares fall
Analysts expect macroeconomic weakness to continue to pressure the compute, storage and networking sectors
Coliwoo expects stronger core profit despite lower net profit before tax for FY2025
Lower net profit is attributed to absence of net fair value gain on investment properties in the financial year ended Sep 30
AMD’s outlook fails to wow investors after AI-fuelled rally
Investors have bet heavily on the company following blockbuster agreements with OpenAI and Oracle
Apple CEO forecasts holiday quarter iPhone sales that top Wall Street estimates
The company’s reliance on hardware sales has also left it with greater exposure to US President Donald Trump’s trade war with China
Amazon reports cloud unit grew at fastest rate since 2022
The company has invested heavily in data centres and chips to build and operate AI models capable of generating text or images and automating processes
Starbucks sales rebound globally, coffee prices bite margins
Global prices for raw arabica beans are up more than 20% this year after soaring 70% in 2024
