Sunday, 24 Nov 2024

Microsoft Cuts Q4 Outlook; Stock Down

‘Watcher’ Review: Terror, at a Glance

In Chloe Okuno’s taut first feature, a woman is convinced a man is watching and possibly even following her.

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By Lena Wilson

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A British TV Show Finds Dark Humor on the Maternity Ward

“This Is Going to Hurt,” a dramedy starring Ben Whishaw, kindled debate in Britain about hospital care for pregnant women and the pressures on doctors.

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Jana Schmieding Navigates Single Life With Indica and Stevie Nicks

The “Rutherford Falls” co-star talks about beading for joy, writing to Fleetwood Mac and (mostly) avoiding ghosts.

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By Chris Kornelis

C3.ai Slides On Q4 Net Loss

C3.ai, Inc. (AI) shares are trading more than 16 percent lower on Thursday after the company reported a wider net loss for the fourth quarter.

The Enterprise AI application software company reported quarterly net loss of $58.42 million compared to $24.05 million loss last year. On a per share basis, earnings were $0.55, wider than $0.24 per share a year ago.

Looking ahead, the company expects first-quarter adjusted net loss from operations of $23-$28 million on revenue in a range of $65-$67 million. For fiscal 2023, the company expects loss in a range of $76-$86 million on revenue of $308-$316 million.

Currently, shares are at $15.75, down 15.09 percent from the previous close of $18.55 on a volume of 7,022,637. The shares have traded in a range of $13.37-$70.30 on average volume of 2,941,930.

Crown Castle International’s Downward Spiral Continues

Shares of wireless communications towers operator Crown Castle International Corp. (CCI) slipped 3 percent on Thursday’s trading continuing their downward streak since the past few days. There has not been any company announcement to impact the stock.

The US stocks slipped on early Thursday, taking off from a low-key start to June trading and a weaker outlook reported by Microsoft Inc. (MSFT).

Currently at $180.42, the stock has traded between $157.16 and $209.87 during the past 52 weeks.

Children’s Pajamas Recalled Due To Burn Hazard

The U.S. Consumer Product Safety Commission have announced two different recalls of children’s sleepwear due to violation of Federal Flammability Standards and risk of burn.

According to statements, about 1,530 Free Birdees children’s pajamas and about 1,300 Copper Pearl pajamas have been recalled because they fail to meet the tight-fitting flammability standards for children’s sleepwear, posing a risk of burn injuries to children.

The recall involves Copper Pearl children’s pajamas made of 69% polyester, 28% rayon and 3% spandex. The two-piece, long-sleeved pajamas were sold in two prints: fawn and polar. The tight-fitting sleepwear was sold in children’s sizes 12M, 18M, 2T, 3T, 4T and 5T. “Made by Copper Pearl,” size and RN 151055 are printed at the neck.

A different recall involves Free Birdees’ children’s 95% viscose and 5% spandex pajamas. The two-piece, short or long-sleeved pajamas, were sold in sizes 6-12 months, 12-18 months, 18-24 months, 2T, 3T, 4T, 5, 6, 7, 8, 10, and 12, and in three prints: green tractor, green stripe and tropical fish. Free Birdees, the size and RN 157155 are printed at the neck.

The consumers should immediately take the recalled pajamas away from children and contact Free Birdees or Copper Pearl, which ever applicable, for a full refund. Consumers who purchased the sleepwear garments will be asked to destroy the garments by cutting them in half and send the recalling firm a photo of the destroyed garment and of the garment’s neck label.

Ecolab Shares Rise 3%

Shares of water treatment/purification company Ecolab Inc. (ECL) are rising 3 percent on Thursday’s trading continuing their upward movement since Tuesday. There has been no company announcement to influence the stock.

The Ecolab stock movement is in contrast to US stocks, which slipped on early Thursday, taking off from a low-key start to June trading and a weaker outlook from Microsoft Inc. (MSFT).

Currently at $168.68, the stock has traded between $154.31 and $238.93 during the past 52 weeks.

Microsoft Cuts Q4 Outlook; Stock Down

Microsoft Corp. (MSFT) cut its guidance for the fourth ending June 30, 2022 due to unfavorable foreign exchange rate movement.

In Thursday regular trade, MSFT was trading at $264.96 down $7.46 or 2.74%.

The company disclosed in a regulatory filing that it expects quarterly net income to be in the range of $16.85 billion – $17.43 billion or $2.24 – $2.32 per share, compared to the prior outlook of $17.10 billion – $17.67 billion or $2.28 – $2.35 per share. Analysts polled by Thomson Reuters expect the company to report earnings of $2.33 per share for the fourth quarter. Analysts’ estimates typically exclude special items.

The company lowered its fourth-quarter sales outlook to range of $51.94 billion – $52.74 billion, from its prior guidance of $52.40 billion – $53.20 billion. Analysts expect revenue of $52.87 billion for the quarter.

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