Wall St Warrior

EBay forecasts quarterly revenue below expectations on weak demand

(Reuters) – E-commerce firm eBay forecast first-quarter revenue below Wall Street estimates on Wednesday, signaling weak demand for products such as collector’s items and refurbished goods, sending its shares down 7% in extended trading. High interest rates and persistent inflation have hampered U.S. consumer spending for two years, leading to sluggish demand for non-essential items…

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Paramount Global misses quarterly revenue estimates on continued cable TV declines

(Reuters) -Paramount Global fell short of Wall Street’s fourth-quarter revenue expectations on Wednesday as a continued decline in its cable TV unit clouded higher-than-expected subscriber growth for its Paramount+ streaming platform.  Shares of the company fell 1.5% in extended trading. Media giants are reshaping their business strategies in response to the continued erosion of cable…

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Nvidia: AI boom not dead yet

By Max A. Cherney, Arsheeya Bajwa and Stephen Nellis (Reuters) – Nvidia forecast higher first-quarter revenue on Wednesday, signalling continued strong demand for artificial intelligence chips, and said orders for its new Blackwell semiconductors were “amazing.” The company’s forecast helps allay doubts around a slowdown in spending on its hardware that emerged last month, following…

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