All articles tagged with #sales estimates
Boiling Steam estimates Steam Machine moves about 12,000–15,000 units per week, with an average price around $1,154 (65% sold at $1,049, 35% at $1,349), suggesting 600,000–750,000 annual units. Valve hasn’t released official figures; a launch spike and later competition or scalping could dampen demand. The recent Windows drivers release may help by letting owners run software and games SteamOS doesn’t yet support.
Vertex Pharmaceuticals missed sales estimates for its older cystic fibrosis (CF) treatments in the third quarter, with a 35.4% decline in sales. The company now expects annual sales of approximately $9.85 billion from its CF treatments. However, sales of its top-selling CF drug, Trikafta, came in at $2.27 billion, slightly exceeding estimates. Vertex anticipates continued growth in the number of CF patients taking its medicines, including through new approvals and reimbursement for treatment of younger patients.
Rivian Automotive Inc. shares declined after the company released preliminary sales estimates for the third quarter that aligned with Wall Street expectations and announced plans to offer $1.5 billion in convertible notes. The estimates indicated sales between $1.29 billion and $1.33 billion, slightly below the anticipated $1.31 billion. Rivian also disclosed its intention to privately offer "green" convertible senior notes due in 2030, potentially raising an additional $225 million. The stock fell 8% in after-hours trading, despite a 9.2% increase during regular trading hours.