McDonald's said second-quarter earnings will beat analysts' average forecast, boosted by stronger foreign currencies in the countries where it operates.
Step 3: After T round forecasts, boosting algorithm combine these weak forecasting models into an accurate assembled model H by a weighted vote process as shown in (8).
Philips Electronics said on Tuesday it returned to the black in 2003, with net profit well up on forecasts, boosting its shares as it expressed cautious optimism for 2004.
Online viewing of programmes in the UK will more than triple in the next few years, according to the latest forecasts, boosted by new video on demand websites offering the best British and US shows to internet users for free.
Upbeat fourth-quarter forecasts boosted key technology shares last week, with semiconductors posting the most impressive gains.
Wall Street analysts are also in a wishy-washy mood: In the last four weeks, 14% of 8,300 publicly traded stocks in the U.S. had their 2005 forecasts boosted by the analyst community, while another 15% received lower forecasts.
Online DVD rental service Netflix Wednesday swung to a quarterly net profit that met forecasts by boosting total subscribers despite heightened competition from retailers like Wal-Mart.
The 2008 forecast is boosted by an overhang from this year's strong growth and by some extra working days (February 29th, for example).
Cisco's improving forecast helped boost shares elsewhere; the Dow Jones industrial average gained 22 points, or 0.2%, to 9,303; the Standard & Poor's 500 was up 2 points, or 0.2%, to 1,005; and the Nasdaq added 5 points, or 0.3%, to 1,998.
IMF Cuts U.S., German Growth Forecasts, Boosts Japan.
