(Reuters) - Verizon Communications Inc on Tuesday missed quarterly revenue estimates, but added almost twice as many new wireless subscribers as analysts expected. FILE PHOTO - The Verizon logo is seen on the side of a truck in New York City, U.S., October 13, 2016. REUTERS/Brendan McDermid/File Photo The company forecast that adjusted earnings per share for this year would be similar to 2018, and that it expected low-single-digit percentage growth for total revenue for the full year. Shares of Verizon, the largest U.S. wireless carrier by subscribers, were down 3 percent to $53.40 before the bell. Craig Moffett, an analyst with MoffettNathanson, said Verizon’s outlook for profit to be unchanged may cause investors to wonder whether its best days are behind it. “They’re guiding flat EPS year-over-year, at a time when GDP is growing strongly and competitive intensity is so benign. It’s not very inspiring,” he said. Total operating revenue … [Read more...] about Verizon sees no increase in 2019 profit, misses fourth-quarter…
Fourth
SAP sets restructuring after fourth-quarter shows some weakness
WALLDORF, Germany (Reuters) - Business software company SAP said on Tuesday it would undertake a company-wide restructuring to accelerate its business transformation as it reported results that showed slowing growth in new orders for its cloud products. FILE PHOTO: The logo of German software group SAP is pictured at its headquarters in Walldorf, Germany, May 12, 2016. REUTERS/Ralph Orlowski/File Photo SAP, Europe’s most valuable technology company said it would take restructuring charges of 800 to 950 million euros ($912 million to $1.04 billion), mainly in the first quarter. It sees a minor cost benefit in 2019 and savings of 750 to 850 million euros from 2020. Walldorf, Germany-based SAP will reassign some employees and offer early retirement to others, but still expects its overall head count to be higher at the end of this year, finance chief Luka Mucic told journalists on a call. “This is not a cost-cutting program - it’s a fitness program and a … [Read more...] about SAP sets restructuring after fourth-quarter shows some weakness
Legos for big kids: Brick Bar will serve up toys with drinks in Houston Fourth of July weekend
By Jay R. Jordan Updated 2:52 pm CST, Monday, January 28, 2019 Brick Bar boasts a one-of-a-kind experience with more than 1 million Lego bricks – some used in massive sculptures and others available for patrons to show their childhood creativity. Brick Bar boasts a one-of-a-kind experience with more than 1 million Lego bricks – some used in massive sculptures and others available for patrons to show their childhood creativity. Photo: Brick Bar Photo: Brick Bar Image 1 of / 7 Caption Close Image 1 of 7 Brick Bar boasts a one-of-a-kind experience with more than 1 million Lego bricks – some used in massive sculptures and others available for patrons to show their childhood creativity. Brick Bar boasts a one-of-a-kind experience with more than 1 million Lego … [Read more...] about Legos for big kids: Brick Bar will serve up toys with drinks in Houston Fourth of July weekend
Nvidia lowers fourth quarter predictions after poor Turing RTX GPU sales
Shares in Nvidia have dropped sharply following the company declaring that it expects to make far less in fiscal Q4 revenue than was previously estimated, with the blame for some of the shortfall being laid at the door of its new RTX (Turing) graphics cards.Nvidia’s previous forecast for its fourth quarter revenue – the quarter running up until the end of this month, January – had stood at $2.7 billion (around £2.1 billion, AU$3.8 billion) and has now been lowered to $2.2 billion (around £1.7 billion, AU$3.1 billion). Lopping off $500 million off predictions is a big drop off, and one which has sent the firm’s stock tumbling by 15% at the time of writing.As spotted by MarketWatch, in a press statement, Nvidia said that both gaming and data center revenue didn’t perform as well as expected either.And on the gaming front, the company admitted that “certain high-end GPUs” from its new Turing range of graphics cards hadn’t sold as … [Read more...] about Nvidia lowers fourth quarter predictions after poor Turing RTX GPU sales
Nvidia cuts fourth-quarter revenue estimate on weak China demand
NVIDIA computer graphic cards are shown for sale at a retail store in San Marcos, California, U.S. August 14, 2018. REUTERS/Mike Blake (Reuters) - Nvidia Corp on Monday cut its fourth-quarter revenue estimate by half a billion dollars, hurt by weak demand for its gaming chips in China. “Q4 was an extraordinary, unusually turbulent, and disappointing quarter,” said Chief Executive Officer Jensen Huang said. Reporting by Sonam Rai in Bengaluru; Editing by Saumyadeb Chakrabarty … [Read more...] about Nvidia cuts fourth-quarter revenue estimate on weak China demand