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AT&T, AMC Entertainment, UPS and more

CFO News Room

AMC Entertainment (AMC) – The movie theater operator’s stock rallied 4.7% consensus estimate, though revenue fell below Wall Street forecasts. Revenue came in above forecasts as well. AT&T also said it would pay an annual dividend of $1.11 per share after the deal is complete, compared to the current $2.08.

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Disney, Meta Platforms, Lucid Motors, Roblox and more

CFO News Room

Chief Financial Officer Christine McCarthy tempered investor expectations for the new fiscal year, forecasting revenue growth of less than 10%. Upstart Holdings — The AI-driven lending platform tumbled 11% after the company issued a weaker-than-expected revenue forecast for the current quarter, citing challenging economic conditions.

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What is the difference between planning, budgeting and forecasting for a business?

Spreadym

Planning, budgeting and forecasting for a business are three distinct financial management tools used in business, each serving a different purpose. Key differences between planning, budgeting and forecasting for a business Here are key difference between planning, budgeting and forecasting for a business.

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Carvana, MongoDB, TripAdvisor, Toll Brothers and more

CFO News Room

Stitch Fix also trimmed its full-year forecast. Dave & Buster’s Entertainment — Dave and Buster’s stock shed more than 4% despite the company posting solid quarterly revenue on Tuesday. On Tuesday, the company posted quarterly results that fell short of analysts’ expectations, according to FactSet.

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SoFi Technologies, Charter Communications, Delta and more

CFO News Room

Delta forecast a revenue jump of between 15% and 20% in 2023. Caesars Entertainment , Penn Entertainment — Shares of Caesars fell 3%, and Penn lost 2.5% Delta Air Lines — Shares of the airline rose 2.4% after the company said the travel boom isn’t done and that it expects 2023 earnings to nearly double as a result.

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Netflix, Snap, Warner Bros. Discovery, AT&T, Novavax and more

CFO News Room

Thursday’s decline comes after shares gained Wednesday on the airline’s forecast that 2023 earnings will nearly double. Madison Square Garden Entertainment — Shares rose more than 2% after Morgan Stanley upgraded the stock to equal weight from underweight.

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Ad Firms Predict Slower Advertising Growth for 2023

CFO News Room

Major advertising forecasting firms say global advertising growth in 2023 will be slower than previously predicted. . to $833 billion next year, according to a new forecast from Magna, a media investment firm that is part of. A separate forecast from media and data giant GroupM, part of. Media owners’ ad revenue will grow 4.8%