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Seoul, South Korea Samsung Electronics, the world's top memory chip maker, is expected to forecast on Wednesday that its profit growth continued to slow in the fourth quarter due to difficulties in meeting Nvidia's strong demand for AI chips. A Rare Apology from Samsung In October, Samsung made a rare apology for its disappointing third-quarter performance and stated that it was making progress in supplying AI chips to Nvidia. However, the company has not provided any update since then, and delays in providing high-end chips to Nvidia have continued to weigh on its earnings, according to analysts. Analysts Cut Earnings Estimates A slew of analysts have reduced their earnings estimates for Samsung in recent weeks, with some expecting operating profit to fall below 8 trillion won. This is a ...

The general industrial machinery sector has been experiencing significant growth in recent years, driven by increasing demand for automation and connected equipment. This trend is expected to continue, with companies that innovate and create digitized solutions poised to reap the benefits of this growth. However, all general industrial machinery companies are still susceptible to economic cycles, making it essential to monitor earnings results closely. Mixed Q3 Earnings Performance A total of 15 general industrial machinery stocks reported their Q3 earnings in recent weeks. While revenues were in line with analysts' consensus estimates for the group as a whole, next quarter's revenue guidance was 5.5% below expectations. Despite this mixed performance, share prices have held steady, with a...

Chicago, IL – January 6, 2025 Ulta Beauty (NASDAQ: ULTA) today announced the appointment of Kiley Rawlins, CFA, as its new Chief Executive Officer. Ms. Rawlins will succeed Crystal Carroll, who has served as Senior Director of Public Relations since joining the company in 2018. About Ulta Beauty Ulta Beauty is the largest specialty U.S. beauty retailer and the premier beauty destination for cosmetics, fragrance, skin care products, hair care products, and salon services. With over 1,437 retail stores across 50 states, Ulta Beauty offers a unique shopping experience that combines a vast selection of products from leading brands with personalized services and expert advice. Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 21E of ...