Executives

07 Aug

Shares of Bumble Tank Following Poor Annual Revenue Outlook

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Shares of Bumble Inc. plunged after the dating-app company slashed its annual revenue outlook. Annual revenue will grow between 1% and 2% from the previous year. The company had previously forecast growth between 8% and 11%. Wall Street was expecting an 8.4% gain, per Bloomberg-compiled estimates. Source link lol

07 Aug

Super Micro’s Weak Profit Fuels AI Server Margin Anxieties

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Super Micro Computer Inc. fell more than 10% in extended trading after reporting quarterly revenue and profit that missed analysts’ estimates, outweighing an annual sales outlook that was billions above Wall Street projections.Profit, excluding some items, was $6.25 a share in the period ended June 30, the company said Tuesday in a statementBloomberg Terminal. That’s short of Super Micro’s previous forecast and the $8.25 average analyst estimate. Sales were $5.31 billion, compared with an average projection of $5.32 billion, according to data compiled by Bloomberg. Source link lol