Pinterest forecast first-quarter revenue below estimates on Thursday, underscoring the image-sharing platform's ongoing struggle to compete for advertising dollars against deep-pocketed platforms, sen... ...

Roku forecasts annual revenue above estimates, shares rise | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]A video sign displays the logo for Roku Inc, a Fox-backed video streaming firm, in Times Square after the company's IPO at the Nasdaq Market in New York, U.S., September 28, 2017.... [Purchase Licensing Rights, opens new tab] Read moreFeb 12 (Reuters) - Roku [(ROKU.O), opens new tab] forecast annual revenue above Wall Street e ...

Core Viewpoint - Rivian Automotive forecasts a 53% increase in deliveries by 2026, aligning with Wall Street expectations, primarily due to the launch of its more affordable R2 SUVs [1] Company Summary - Rivian is set to roll out its R2 SUVs, which are expected to drive significant growth in deliveries [1] Industry Summary - The electric vehicle market is anticipated to see increased competition and growth, particularly with the introduction of more affordable models like Rivian's R2 SUVs [1]

Core Viewpoint - Airbnb forecasts first-quarter revenue between $2.59 billion and $2.63 billion, exceeding Wall Street estimates of $2.53 billion, driven by demand for premium rentals despite a decline in cost-conscious customer bookings [1] Financial Performance - In the fourth quarter, Airbnb reported earnings per share of 56 cents, down from 73 cents a year earlier, with quarterly revenue of $2.78 billion, surpassing expectations of $2.71 billion [1] Revenue Projections - The company anticipates revenue growth of "at least low double-digits" for 2026, while analysts project a growth rate of 10.24% [1] Market Strategy - Airbnb has launched a new segment for booking services like private chefs and yoga instructors to compete with hotels, where half of the experiences booked in the fourth quarter were not linked to accommodation [1] - The company is expanding its offerings by partnering with boutique and independent hotels in cities with limited rental supply, such as New York and Madrid, to increase its total addressable market [1] Industry Context - Other travel companies, including Marriott and United Airlines, are also seeing strong performance from high-end travelers, while lower-end customers face challenges due to inflation and economic uncertainty [1]

Group 1 - Applied Materials forecasts second-quarter revenue of approximately $7.65 billion, exceeding market estimates of $7.01 billion, with a margin of plus or minus $500 million [1] - The company anticipates an adjusted profit of about $2.64 per share, compared to estimates of $2.28 per share, with a margin of plus or minus 20 cents [1] - The surge in demand for AI processors is driving sales of chipmaking equipment, contributing to the company's optimistic outlook [1] Group 2 - Applied Materials is benefiting from a global memory shortage, as memory providers are increasing investments to boost manufacturing capacity [1] - The company's shares rose by 9% in extended trading following the positive forecast [1] - As the largest U.S. semiconductor equipment maker, Applied Materials is positioned to capitalize on the expanding production capacity of chip manufacturers [1]

Core Viewpoint - Vertex Pharmaceuticals forecasts 2026 revenue largely in line with analysts' estimates, driven by growth in cystic fibrosis treatments and contributions from newer products [1] Group 1: Revenue Forecast - The company anticipates revenue for 2026 to align closely with analyst expectations [1] - Growth is expected primarily from cystic fibrosis treatments [1] Group 2: Product Contributions - Newer products are also expected to contribute to the revenue growth [1]

Australia's Westpac Banking Corp said on Friday its first-quarter underlying net profit rose 6% from an average of the previous two quarters, driven by solid growth across customer deposits and loans. ...

Core Viewpoint - Paramount Skydance is considering nominating Matthew Halbower, founder of Pentwater Capital Management, for a board seat at Warner Bros Discovery to challenge its proposed merger with Netflix [1] Group 1: Paramount's Strategy - Paramount is in discussions with Matthew Halbower, who is a significant investor in Warner Bros, to potentially run for a board position [1] - Pentwater Capital is the seventh-largest investor in Warner Bros, holding approximately 50 million shares [1] - Paramount aims to nominate enough directors to gain a majority on Warner Bros' 14-person board [1] Group 2: Investor Sentiment - Halbower has expressed support for Paramount's bid to acquire Warner Bros and has criticized the current board for rejecting the offer without negotiation [1] - He indicated that if the Warner Bros board fulfills its fiduciary duties, there would be no need for him to join the board [1] - Ancora Holdings, another hedge fund, has also expressed disapproval of the Netflix deal and may initiate its own proxy contest [1] Group 3: Financial Offers - Paramount has enhanced its offer to Warner Bros investors by providing an additional $650 million in cash for each quarter the deal is delayed beyond this year [1] - Paramount has agreed to cover a $2.8 billion breakup fee that Warner Bros would owe to Netflix if the deal falls through [1] - Netflix's offer to Warner Bros shareholders stands at $27.75 per share in cash, which is lower than Paramount's improved bid of $30 per share [1]

Core Insights - Eli Lilly has built a pre-launch inventory of its experimental oral weight-loss drug, orforglipron, valued at $1.5 billion ahead of an expected FDA decision in April [1] - This inventory has increased significantly from nearly $550 million reported last year, indicating strong preparation for a potential launch [1] - The company aims to have sufficient supply to launch the drug in multiple countries simultaneously if it receives U.S. approval [1] Company Developments - Eli Lilly's orforglipron has received a fast-track review voucher from the FDA, potentially reducing the review time to one to two months compared to the typical 10 to 12 months for new medicines [1] - The competitive landscape includes Danish rival Novo Nordisk, which recently launched its own weight-loss pill in the U.S., achieving over 26,000 prescriptions in the second week post-launch [1] Financial Implications - The pre-launch inventory is a strategic asset that reflects Eli Lilly's confidence in the drug's approval and market potential [1] - Such inventories are commonly included in financial statements to demonstrate the readiness of drug products prior to regulatory approval [1]

Mercedes-Benz to recall 11,895 vehicles in the US over fire hazard, NHTSA says | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Item 1 of 2 The Mercedes-Benz logo is seen at the 43rd Bangkok International Motor Show, in Bangkok, Thailand, March 22, 2022. REUTERS/Athit Perawongmetha/File Photo[1/2]The Mercedes-Benz logo is seen at the 43rd Bangkok International Motor Show, in Bangkok, Thailand, March 22, 2022. REUTERS/Athit Perawongm ...