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Articles related to "estimate"


Business investment plunges, risking GDP growth

  • Capital expenditure has plummeted 2.8 per cent in the December quarter, far worse than economists expected and pointing to a weaker GDP figure.
  • Expenditure on equipment, plant and machinery rose by 0.8 per cent in the December quarter following a fall of 3.6 per cent in September quarter.
  • Business estimates of their own expenditure in the 2021 financial year came in at $100.2 billion, which is 8.8 percent higher than first estimate for financial year 2020.
  • Mining businesses are estimating expenditure to be $38.5 billion in financial year 2021 which is 28 per cent higher than that same estimate a year earlier.
  • The RBA expects business investment growth to increase to 9.3 per cent by December 2020 but this is seen as optimistic by most economists.
  • ASX-listed Oklo Resources was cap in hand in front of funds on Thursday, looking for fresh equity to pay for its exploration efforts in Africa.

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Stocks making the biggest moves after hours: Booking Holdings, Etsy, Nutanix and more

  • Etsy — The e-commerce marketplace's stock soared 10% in extended trading after the company posted a double beat on earnings and revenue for the fourth quarter.
  • The company's financials exceeded the expectations of analysts polled by Refinitiv, who estimated a loss of 69 cents per share on revenue of $342 million.
  • Square — Shares of the financial services company were up 8% in extended trading after Square reported fourth-quarter earnings that beat analysts' estimates.
  • Continental Resources — The oil and gas company's stock fell 16% in extended trading despite beating analyst expectations for fourth-quarter financial results.
  • Box — The file-sharing service's stock was up 9% in extended trading after it reported fourth-quarter earnings that beat analysts' estimates.
  • Carvana — The used car e-commerce platform saw its stock plunge 11% in extended trading after the company reported a wider loss than expected for the fourth quarter and fiscal-year guidance much lower than analysts estimated.

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Shake Shack slips 11% after revenue forecast misses lowest Wall Street estimate

  • Shake Shack reported 2020 revenue guidance on Monday that fell below Wall Street's lowest estimate.
  • The restaurant chain's fiscal fourth-quarter revenue fell below expectations, while earnings per share trounced analysts' projection for a quarterly loss.
  • Same-store sales, for locations open for at least two years, fell more than anticipated in the quarter ending December 25.
  • Revenue: $151.4 million, versus the $153.1 million estimate.
  • Adjusted earnings per share: $0.06, versus the -$0.01 estimate.
  • Same-store sales: -3.6%, versus the -2.5% estimate.
  • Shake Shack aims to hit double-digit earnings growth in the near future by investing in new menu items, partnerships, and new locations.
  • The company's CEO warned such upfront costs could lower performance in upcoming quarters but assured investors of their future value.
  • Shake Shack closed at $73.57 per share on Monday, up about 20% year-to-date.

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Shake Shack slips 11% after revenue forecast misses lowest Wall Street estimate

  • Shake Shack reported 2020 revenue guidance on Monday that fell below Wall Street's lowest estimate.
  • The restaurant chain's fiscal fourth-quarter revenue fell below expectations, while earnings per share trounced analysts' projection for a quarterly loss.
  • Same-store sales, for locations open for at least two years, fell more than anticipated in the quarter ending December 25.
  • Revenue: $151.4 million, versus the $153.1 million estimate.
  • Adjusted earnings per share: $0.06, versus the -$0.01 estimate.
  • Same-store sales: -3.6%, versus the -2.5% estimate.
  • Shake Shack aims to hit double-digit earnings growth in the near future by investing in new menu items, partnerships, and new locations.
  • The company's CEO warned such upfront costs could lower performance in upcoming quarters but assured investors of their future value.
  • Shake Shack closed at $73.57 per share on Monday, up about 20% year-to-date.

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