(Reuters) - Meta Platforms ( META ) forecast first-quarter revenue below Wall Street estimates on Wednesday, signaling its bets on pricey artificial intelligence-powered tools were struggling to attract additional digital ad dollars to its social media platforms. The company expects quarterly revenue between $39.5 billion and $41.8 billion, compared with analysts' average estimate of $41.72 billion, according to data compiled...

04:44 PM EST, 01/29/2025 (MT Newswires) -- High Tide (HITI.V) after trade Wednesday said its fiscal fourth-quarter loss narrowed and revenue rose year-over-year. The cannabis retailer lost C$4.8 million, or C$0.06 per share, in the quarter ended Oct.31, compared with a loss of C$31.8 million, or C$0.39 per share, in the year-prior period. Revenue rose 9% to C$138.3 million from...

(Reuters) - Data storage products maker Western Digital Corp ( WDC ) forecast third-quarter revenue below Wall Street estimates on Wednesday, as it expects decreased demand from cloud and corporate customers. High borrowing costs and economic uncertainty have forced businesses to reduce investments, significantly impacting demand for memory chips after a pandemic-driven boom, hurting companies such as Western Digital. The company...

Jan 29 (Reuters) - Meta Platforms ( META ) beat Wall Street estimates for holiday-quarter revenue on Wednesday, signaling its artificial intelligence-powered marketing tools were continuing to attract advertising spend across its social media platforms. The company reported record revenue of $48.39 billion for the fourth quarter, compared with analysts' average estimate of $47.03 billion, according to LSEG data. ...