) lowered its full-year adjusted profit forecast on Wednesday, against the backdrop of an uncertain economy, alongside costs tied to its recent acquisition and divestiture.
"Our guidance for the rest of the year has been updated to reflect our updated macro outlook for the remainder of the year, as well as our recent acquisition and divestiture," said CFO Tom Panther in a statement.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business Highlights: WeWork seeks bankruptcy protection; Yellen blasts GOP bid to cut IRS fundingBusiness Highlights: A summary of the day’s top stories in the business world.
Source: AP - 🏆 728. / 51 Read more »
Business Highlights: Adidas may write off remaining Yeezy shoes; Wall Street extends winning streakBusiness Highlights: A summary of the day’s top stories in the business world.
Source: AP - 🏆 728. / 51 Read more »
Disney Q4 earnings top estimates as direct-to-consumer business slashes lossesDisney Q4 earnings top estimates as direct-to-consumer business slashes losses
Source: Investingcom - 🏆 450. / 53 Read more »
Netflix's OA Cancellation Sign of Broken Business Model Says Former ExecHolland, who worked at the streamer for nearly two decades, said that Netflix helped usher in a rush of 'creativity and market energy,' but the result was something 'much worse than what had been before.”
Source: THR - 🏆 411. / 53 Read more »
Robinhood's U.K. Expansion Will Test Business Model, Minus a Key Revenue SourceThe U.K. doesn’t allow payment for order flow, a key revenue generator for the broker.
Source: MarketWatch - 🏆 3. / 97 Read more »
Wheeling man dead after crashing into nitrogen tanks at a Buffalo Grove business, police sayThe crash was reported hours after it happened. No hazmat cleanup was ordered.
Source: chicagotribune - 🏆 8. / 91 Read more »