Tag: estimates

TikTok’s Internal Estimates Show Even A Temporary Ban Would Cripple Its Entire Business Within Months

A U.S. ban would shatter TikTok’s business around the world even if the restrictions were later lifted, the company says in a newly filed court document.

A ban that stopped TikTok from operating in the States and lasted two months would reduce the number of Americans using TikTok each day by 40% to 50%, according to the document. Those figures worsen to a 80% to 90% drop in daily active users if the ban went six months, a move that would, essentially, deliver a fatal blow to TikTok’s presence in America.

The ramifications stretch beyond the States. TikTok says American-made content accounts for as much as 60% of the videos consumed by users outside the U.S. It is hard to imagine the company being able to maintain—let alone grow—its audience beyond America with such a drastic reduction in

Read More

Network Analytics Market Pre & Post COVID-19 Market Estimates, Business Planning and Remarkable Growth | SAP SE, Accenture PLC, Alcatel-Lucent SA

The MarketWatch News Department was not involved in the creation of this content.

Sep 19, 2020 (WiredRelease via Comtex) —
MarketResearch.Biz has posted a newly modern statistical statistics, titled as Network Analytics Market. It is a precious supply of statistical information for Network Analytics market and consists of correct data, which makes use of number one and secondary studies techniques. The studies analyst gives complete statistics, which complements the increase of the industries. This report makes a specialty of the simple requirement techniques of the businesses, which facilitates to extend productivity. Additionally, it gives distinctive market segments like component type, organization size, end user, and region.

This report research the global Network Analytics market, and analyzes the main key players to apprehend the opposition globally. The report elaborates at the of dynamic increase market and is used to research the distinctive state of affairs of the industries. This quantitative

Read More

Weekly jobless claims miss estimates as employment gains taper

Weekly jobless claims were worse than expected last week amid a plodding climb for the U.S. labor market from the damage inflicted by the coronavirus pandemic.

The Labor Department on Thursday reported 884,000 first-time filings for unemployment insurance, compared with 850,000 expected by economists surveyed by Dow Jones. The total was unchanged from the previous week.

Continuing claims from those filing for at least two weeks rose from the previous week, hitting 13.385 million, an increase of 93,000 from last week’s report and an indicator that the strong jobs improvement through the summer may be tailing off entering the fall.

The Labor Department changed its methodology in how it seasonally adjusts the numbers, so the past two weeks’ totals are not directly comparable to the reports from earlier in the pandemic. Claims not adjusted for seasonal factors totaled 857,148, an increase of 20,140 from the previous week.

The four-week moving

Read More

China Online Education Group Exceeded Expectations And The Consensus Has Updated Its Estimates

As you might know, China Online Education Group (NYSE:COE) just kicked off its latest quarterly results with some very strong numbers. It was overall a positive result, with revenues beating expectations by 6.6% to hit CN¥493m. China Online Education Group also reported a statutory profit of CN¥1.37, which was an impressive 73% above what the analysts had forecast. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there’s been a strong change in the company’s prospects, or if it’s business as usual. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

View our latest analysis for China Online Education Group

earnings-and-revenue-growth

Taking into account the latest results, the consensus forecast from China Online Education Group’s twin analysts is for revenues of CN¥2.00b in 2020, which would reflect a decent

Read More

Lululemon’s quarterly revenue beats estimates on online boost

Adds details from release, background

Sept 8 (Reuters)Lululemon Athletica Inc LULU.O beat quarterly revenue estimates on Tuesday, boosted by a surge in online sales of yoga pants and other athleisure apparel to consumers spending more time at home.

A shift to remote working and at-home exercise around the globe due to the COVID-19 pandemic has increased demand for comfortable athletic clothing.

Lululemon said its direct-to-consumer business, which includes its online platform, rose 155% in the quarter.

The yogawear maker acquired at-home fitness company Mirror for $500 million in the reported quarter as it looks to diversify from apparel and capitalize on the booming demand for home workout classes spurred by coronavirus lockdowns.

Net revenue rose 2.1% to $902.9 million in the second quarter ended Aug. 2, compared with estimates of $842.5 million, according to IBES data from Refinitiv.

The company reported a net income of $86.8 million,

Read More