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03.02.26 - 15:18
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Nintendo Profit Misses As Soaring Memory Prices Could Become Major Headache (ZeroHedge)
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Nintendo Profit Misses As Soaring Memory Prices Could Become Major Headache
Dark storm clouds have gathered over Nintendo since the start of December, as investor concerns mount over tariffs, rising memory prices, and chatter about soft US holiday sales. The stock in Tokyo remains about one-third below its August peak.
Earnings on Tuesday reconfirmed the gloom after Nintendo reported third-quarter operating income that missed the average Wall Street estimate tracked by Bloomberg.
Switch 2 sold 7.01 million units in the December quarter, beating Bloomberg Consensus estimates, but the operating income of 155.21 billion yen, versus the 180.7 billion expected, raised investor concern.
Trade tariffs, combined with rising component costs, especially the explosion in the price of high-bandwidth memory (HBM), are pressuring thin hardware margins for the electronics company.
Goldman analyst Maho Kamiya warned clients in late Decemeber that concerns about rising memory prices and the absence of top-down...
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03.02.26 - 15:18
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PayPal Suffers Worst Drop In Four Years After Profit Miss, CEO Set To Exit (ZeroHedge)
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PayPal Suffers Worst Drop In Four Years After Profit Miss, CEO Set To Exit
PayPal shares in New York premarket trading plunged 17%. If the losses hold through the cash session, this would mark the largest decline in four years. The selloff was sparked after the payments company reported adjusted profit and revenue that fell short of Bloomberg Consensus estimates, along with news that CEO Alex Chriss will be replaced.
CFO Jamie Miller will serve as interim CEO until HP CEO Enrique Lores replaces Chriss. Newly appointed board chair David Dorman said that execution under the current CEO has failed to meet board expectations (translation: share price is too low), despite some progress.
"While some progress has been made in a number of areas over the last two years, the pace of change and execution was not in line with the Board's expectations," Dorman told investors.
Fourth-quarter earnings missed the average analyst estimates tracked by Bloomberg, with the payments company highlighting weakness ...
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03.02.26 - 14:42
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W.W. Grainger, Inc. Profit Retreats In Q4 (AFX)
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WASHINGTON (dpa-AFX) - W.W. Grainger, Inc. (GWW) revealed earnings for fourth quarter that Drops, from the same period last yearThe company's bottom line totaled $451 million, or $9.44 per share. ......
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03.02.26 - 14:30
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Illinois Tool Works Inc Profit Rises In Q4 (AFX)
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WASHINGTON (dpa-AFX) - Illinois Tool Works Inc (ITW) announced earnings for its fourth quarter that Increased, from last yearThe company's earnings came in at $790 million, or $2.72 per share. Thi......
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