Tuesday, 1 February 2022

Reuters Business: Tinder owner Match tempers annual revenue expectations on Omicron woes

Tinder owner Match tempers annual revenue expectations on Omicron woes

Match Group Inc cut its full-year revenue forecast on Tuesday, as the Tinder owner expects the impact from the Omicron COVID-19 variant to persist through 2022.

U.S. airline group warns 5G interference issues could linger for years

A group representing major U.S. passenger and cargo carriers will tell U.S. lawmakers on Thursday that it will likely take "years" to permanently address airplane interference issues caused by deployment of 5G in the C-band.

Gilead earnings dip due to legal settlement, other charges

Gilead Sciences Inc on Tuesday posted lower-than-expected fourth-quarter earnings, citing a $1.25 billion legal settlement involving HIV drug patents and a charge related to its collaboration with Arcus Biosciences Inc .

AMD forecasts annual revenue above estimates, shares surge

Advanced Micro Devices forecast full-year revenue above expectations on Tuesday, as it looks to overcome global supply snags to meet strong demand for chips used in gaming consoles and data center servers.

Drug distributors, J&J to pay $590 mln to settle U.S. tribes' opioid claims

Native American tribes claim that the companies fueled an opioid epidemic in their communities.

PayPal profit misses estimates as growth slows

PayPal Holdings Inc on Tuesday narrowly missed Wall Street estimates for quarterly profit, as the online payments firm failed to match up to its blistering pace of growth a year earlier, sending its shares down nearly 12% in extended trade.

GM tempers 2022 outlook, sees operating profit of $13 billion to $15 billion

General Motors Co on Tuesday said it expects 2022 operating profit of $13 billion to $15 billion, citing an improving outlook for semiconductor chips used in its vehicles.

Starbucks profits disappoint on Omicron drag, inflation

Starbucks Corp missed estimates for quarterly profits and comparable sales on Tuesday as rising COVID-19 infections during December and fresh curbs hampered a recovery in China.

Video game publisher Electronic Arts lowers annual adjusted sales forecast

Electronic Arts Inc lowered its annual adjusted sales forecast after missing quarterly estimates on Tuesday, as the video game publisher faces the brunt of easing pandemic restrictions and fewer consumers picking up new gaming titles.

Alphabet, Google beat sales estimates for holiday quarter

Alphabet Inc and its Google unit on Tuesday reported higher than expected fourth-quarter sales as the search giant's internet advertising, cloud computing and hardware businesses benefited over the holiday season from the growing surge in online shopping.

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