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Rappers Cardi B and Offset have joyfully welcomed their third child together.
The couple has share the beautiful picture of the family with the new born.
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Adobe (ADBE) is scheduled to release its fiscal third-quarter results after the bell Thursday, with investors likely watching to see whether the company can build on its momentum with artificial intelligence (AI).
Analysts expect the software company to post third-quarter revenue of $5.37 billion, up 10% year-over-year, according to estimates compiled by Visible Alpha. Net income is projected to rise 12% to $1.57 billion, or $3.51 per share.
Adobe’s Digital Media arm, which includes Creative Cloud subscriptions, delivered net-new annualized recurring revenue (ARR) of $487 million in the second quarter, up from $470 million a year earlier. The gains helped Adobe post better-than-expected results, sending shares up over 14% the day after the numbers landed.
Analysts are projecting a slight decline in net new Digital Media ARR in the third quarter, to $462 million, according to Visible Alpha. Oppenheimer analysts suggested investors could still see a “reacceleration” of the measure in the second half of the year.
Investors will also likely watch for updates on the monetization of Adobe’s AI offerings, with the company previously noting that many Creative Cloud subscribers are upgrading their plans to access Firefly, its generative AI model. In addition to Firefly, the company introduced generative AI into Document Cloud as well as Adobe Express for business.
The company may also unveil new AI services at its Adobe MAX conference in October. Oppenheimer analysts said they expect the possible reveal of “generative video, editing, and audio dubbing solutions approaching beta.”
Shares of Adobe have surged nearly 26% since the company released its stronger-than-expected results for the second quarter, though they've still lost roughly 3% this year so far.
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A lady has shared her thoughts on being referred to as ‘Our Wife.
She said it’s better you call her a thi£f than being referred to as our wife.
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Kroger (KR) shares surged Thursday after it better-than-expected adjusted profit for the second quarter.
The supermarket chain posted adjusted earnings per share (EPS) of $0.93, topping the $0.91 consensus estimate of analysts polled by Visible Alpha. Diluted EPS of $0.64 and revenue of $33.91 billion missed expectations.
Kroger affirmed most of its full-year outlook, while lifting the floor for its same-store sales growth projection, excluding fuel, to 0.75% from 0.25%. Chief Financial Officer (CFO) Todd Foley said the chain's "positive customer trends are driving sales momentum that we expect to continue in the second half of the year."
Kroger did not provide a substantial update to its progress in addressing regulatory concerns over its $24.6 billion merger with Albertsons (ACI). Chief Executive Officer (CEO) Rodney McMullen said the company is "confident in the facts and the strength of our position" as Kroger fights the Federal Trade Commission (FTC)'s attempts to halt the merger.
Kroger shares rose more than 6% to $54.80 in late-morning trading Thursday and are up about 20% this year.
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A man who went missing due to the flood in Maiduguri has reportedly been found d3ad hours later.
The man was last seen yesterday afternoon wearing blue Jallabiya behind Lagos house.
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McDonald's (MCD) said its “Summer of Value” is extending into fall.
The golden arches are keeping in place the popular $5 value meal promotion—it comes with a McDouble or McChicken sandwich, drink, french fries and a 10-piece McNuggets—into December.
The offering was expected to run for just four weeks following its June 25 launch, but many locations kept it going into August. A memo from Chief Marketing Officer Tariq Hassan and National Field President Myra Doria in July said the promotion “is meeting the objective of driving guests back to our restaurants," according to .
McDonald’s second-quarter results, reported in July, missed expectations, but the company said it has seen sales growth among lower-income consumers during the value meal's cycle. Other food chains have launched similar deals, seeking to get inflation-weary diners in the door with options emphasizing value.
Shares of McDonalds were little changed Thursday. They're up about 15% since the $5 meal promotion launched, and down slightly for the year.
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