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The firm also raised its annual core profit forecast to between $308 million and $313 million, from $250 million and $270 million. Revenue in the deliveries segment increased 16% to $380 million ...
(Reuters) -Grab Holdings raised its full-year profit forecast on Wednesday after reporting a higher-than-expected quarterly revenue, driven by recent cost-reduction measures and robust demand for ...
(Reuters) -Grab Holdings forecast a smaller operating loss for the current year and pulled forward its profitability timeline on Wednesday, as cost savings from its recent workforce reduction ...
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Grab Holdings Inc. is a Singaporean multinational technology company headquartered in One-North, Singapore. It is the developer of a super-app for ride-hailing , food delivery , and digital payment services on mobile devices that operates in Singapore, Malaysia, Cambodia, Indonesia, Myanmar, the Philippines, Thailand, and Vietnam.
Image source: Getty Images. Grab comes up short. Revenue in the quarter rose 17%, or 23% in constant currency to $664 million, which missed estimates at $673.2 million.
The average forecast for the group tends to predict the S&P 500 climbing by about 10%, ... Profit margins are expected to rise. ... "In the week ending Nov 30, retail ex-autos spending per HH was ...
For the week, the S&P 500 and the Dow Jones Industrial Average rose more than 4.5%, while the Nasdaq Composite rose nearly 6%. In the week ahead, a fresh reading on inflation and retail sales will ...