(Reuters) - Real estate investment trust Host Hotels & Resorts (NASDAQ:HST) forecast on Wednesday its 2024 revenue to be higher than Wall Street estimates, anticipating a continued recovery in demand for business travel. U.S. travel companies have been benefiting from increased demand, primarily from small- and medium-sized enterprises. Host Hotels & Resorts, which owns about...
By Yantoultra Ngui SINGAPORE (Reuters) -Singapore\'s United Overseas Bank (OTC:UOVEY) (UOB) on Thursday cut its 2024 loan growth projections to low single-digits from mid-single digits after posting a stronger-than-forecast 22% jump in fourth quarter net profit. UOB maintained its 2024 guidance for double-digit fee growth while projecting total income to see positive growth, according to...
By Chuck Mikolajczak NEW YORK (Reuters) - The S&P 500 and Dow Jones industrials eked out small gains on Wednesday, while the Nasdaq closed lower for a third straight session as investors awaited the release of Nvidia (NASDAQ:NVDA)\'s earnings that could determine near-term momentum for equities. After the closing bell, Nvidia shares surged 6% after...
By Arsheeya Bajwa and Max A. Cherney (Reuters) -Nvidia on Wednesday forecast a roughly threefold surge in quarterly revenue that handily beat estimates as the company banked on towering demand for its industry-leading artificial-intelligence chips, sending its shares up 10% after-hours. The already-hefty demand for the company\'s data center chips and graphics processing units (GPUs)...
By Praveen Menon and Echha Jain (Reuters) -New Qantas Airways CEO Vanessa Hudson (NYSE:HUD) delivered lower profits in her maiden results on Thursday, but gifted shareholders with a A$400 million ($262.2 million) stock buyback and promised more spending on customers as the Australian flag carrier looks to fix its battered reputation. Hudson, the airline\'s first...
-- Japan’s Nikkei 225 index opened above its record closing high on Thursday, and remained within sight of new intraday peaks as hype over artificial intelligence drove strong gains in the technology sector. The Nikkei 225 opened up 1.8% at 38,920 points- crossing its 1989 record closing high of 38,915 points, and coming within spitting...
JERSEY CITY, N.J. - Veris Residential, Inc. (NYSE: VRE), a multifamily real estate investment trust (REIT), has announced its financial results for the fourth quarter and full year of 2023. The company witnessed a 20% increase in Core Funds From Operations (FFO) per diluted share, reaching $0.53 compared to the previous year. This growth was...
Funeral services company Carriage Services (NYSE:CSV) reported Q4 FY2023 results topping analysts\' expectations, with revenue up 5.2% year on year to $98.8 million. The company expects the full year\'s revenue to be around $385 million, in line with analysts\' estimates. It made a GAAP profit of $0.75 per share, improving from its profit of $0.53...
By David Shepardson WASHINGTON (Reuters) -Boeing said on Wednesday it was replacing the head of its troubled 737 MAX program effective immediately, the first major executive departure since the Jan. 5 mid-air panel blowout of a new Alaska Airlines MAX 9. Ed Clark, who had been with the planemaker for nearly 18 years, departed as...
By Sam Nussey, Fanny Potkin and Miho Uranaka TOKYO (Reuters) - Japan\'s efforts to rebuild its semiconductor industry are getting a shot in the arm as more and more Taiwanese chip companies expand here - not only to support a new TSMC plant but also excited about the Japanese sector\'s prospects. The influx comes amid...