Chuck Robbins, CEO & Chairman of Cisco, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 18th, 2023. Adam Galica | CNBC Cisco shares were down as much as 13% in extended trading on Wednesday after the networking hardware maker issued a glum forecast for the current quarter and the full fiscal…
Siemens Energy site in Muelheim an der Ruhr, Germany, August 3, 2022. Wolfgang Rattay | Reuters Siemens Energy has secured 7.5 billion euros ($8.15 billion) in project-related state guarantees from the German government, hours before announcing a nearly 5 billion euro loss for its fiscal year. The German economy ministry announced late on Tuesday that…
Shares of online education company 2U closed down 57% Friday, falling below $1 for much of the day after a problematic forecast and indications that some universities are terminating their contracts. 2U, which helps companies offer digital programs to students, posted a net loss of $47.4 million for the third quarter. Its adjusted loss of…
Jeff Green, CEO, The Trade Desk Scott Mlyn | CNBC The Trade Desk shares plunged about 30% in after-hours trading on Thursday after the ad-tech company issued fourth-quarter revenue guidance that fell well short of analysts’ estimates. Third-quarter results topped estimates. Here’s how the company did: Earnings per share: 33 cents, adjusted vs. 29 cents expected…
Jim Whitehurst, CEO of Redhat. Adam Jeffery | CNBC Unity Software shares fell as much as 15% in extended trading on Thursday after the video-game engine maker reported a third-quarter revenue miss and refrained from issuing guidance. Here’s how the company did: Earnings: Loss of 32 cents per share Revenue: $544.2 million vs. $553.7 million…
Emirates airlines Boeing 777-31H(ER) takes off from Los Angeles international Airport on January 13, 2021. Aaronp / Bauer-Griffin | GC Images | Getty Images DUBAI, United Arab Emirates — Emirates Group posted its highest-ever half-year earnings, reporting net profit of 10.1 billion dirhams ($2.75 billion) for 2023-24 on rebounding demand. The figure eclipsed its half-year…
Arm CEO Rene Haas and executives cheer, as Softbank’s Arm, chip design firm, holds an initial public offering (IPO) at Nasdaq Market site in New York, U.S., September 14, 2023. Brendan Mcdermid | Reuters Semiconductor technology company Arm reported its first post-IPO earnings on Wednesday that beat Wall Street expectations for sales and showed that…
Rafael Henrique | Lightrocket | Getty Images Shares of Roblox popped 12% in premarket trading Wednesday after the company released third-quarter results that beat on top and bottom lines and showed strong user growth. Here’s how the company did: Loss per share: 45 cent loss vs. 51 cent loss expected by LSEG, formerly known as…
A “mild recession” is on the cards, according to Commerzbank CEO Manfred Knof. Picture Alliance | Picture Alliance | Getty Images Germany’s Commerzbank said on Wednesday that net profit more than tripled in the third quarter, better than expected and helped by higher interest rates, as it presented a strategy update. Net profit of 684…
Dutch lender ABN Amro on Wednesday reported a third-quarter net profit well above market expectations, boosted by higher interest rates and growing loan books. ABN Amro, one of three dominant banks in the Netherlands, posted a 2% rise in quarterly net profit to 759 million euros ($811 million), compared with 743 million a year earlier.…
