Boeing (NYSE:BA) CFO: expects 737 deliveries to slip to the low end of the 20-30 range in February

/ / Industrials /

Boeing (NYSE:BA) CFO: expects 737 deliveries to slip to the low end of the 20-30 range in February. Production of the 737 will be increased to 38 per month by the end of the year. Maintain the expected delivery of 737 aircraft this year at 400-450 aircraft.

Boeing (NYSE:BA) CFO: expects 737 deliveries to slip to the low end of the 20-30 range in February Read Post »

Roblox (NYSE:RBLX): Q4 2022 revenue of $579 million, up 2% year-over-year

/ / Consumer Discretionary /

Online gaming platform Roblox (NYSE:RBLX): Today announced its fourth quarter and full year 2022 results. According to the financial report, Roblox’s fourth-quarter revenue was $579.0 million, an increase of 2% year-on-year. Net loss attributable to common shareholders was $289.9 million, compared to a net loss of $143.3 million in the year-ago quarter. For the full year 2022, Roblox revenue was $2.2 billion, up 16% year-over-year. Net loss attributable to common shareholders was $924.4 million, compared to a net loss of $491.7 million in 2021.

Roblox (NYSE:RBLX): Q4 2022 revenue of $579 million, up 2% year-over-year Read Post »

Roblox (NYSE:RBLX): Game subscription revenue for Q4 2022 was $899.4 million versus expectations of $876.2 million

/ / Consumer Discretionary /

Roblox (NYSE:RBLX): Online gaming platform Roblox reported game subscription revenue of $899.4 million in the fourth quarter of 2022 versus expectations of $876.2 million. Roblox added that the elderly group is the main source of user growth.

Roblox (NYSE:RBLX): Game subscription revenue for Q4 2022 was $899.4 million versus expectations of $876.2 million Read Post »

Goldman Sachs (NYSE:GS) eliminated its direct-to-consumer credit card program

/ / Financials /

According to CNBC, Goldman Sachs (NYSE:GS) abandoned plans to develop Goldman Sachs-branded credit cards aimed at individual users after deciding to shift its focus from retail banking to other areas. A Goldman Sachs spokesman said the company discussed the idea of exclusive credit cards for consumers, but that did not become an important part of the bank’s strategy.

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Coach parent company Tapestry (NYSE:TPR) raised its fiscal 2023 forecast or will continue to raise prices

/ / Consumer Discretionary /

Coach’s parent company, Tapestry Group (NYSE:TPR), released its fiscal 2023 second quarter results. During the period, the group’s revenue fell 5% year-on-year to US$2.03 billion, net profit increased slightly by 3.8% year-on-year to US$330 million, and gross margin was 68.6%. Considering signs of currency inactivity moderating sales in China, Tapestry raised its fiscal 2023 revenue forecast to $6.6 billion, the highest in the previously expected range of $6.5 billion to $6.6 billion. In addition, Tapestry said that it is likely to continue to raise prices.

Coach parent company Tapestry (NYSE:TPR) raised its fiscal 2023 forecast or will continue to raise prices Read Post »

Bank of America: Nvidia (NASDAQ:NVDA) will benefit from the generative AI race with a price increase to $255

/ / Technology / ,

Bank of America analyst Vivek Arya raised its price target on Nvidia (NASDAQ:NVDA) to $255 from $215 and maintained a “buy” rating. Nvidia’s full-stack acceleration chips, systems, software and developers put it in a unique lead in the emerging generative artificial intelligence (AI) race, the analyst said. Bank of America’s new model predicts that NVIDIA’s sales and earnings per share will grow at compound annual growth rates of 25% and 34%, respectively, through 2027, as the adoption of generative AI triples the addressable market size for AI accelerators.

Bank of America: Nvidia (NASDAQ:NVDA) will benefit from the generative AI race with a price increase to $255 Read Post »

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