Arora Nikesh, Palo Alto Networks CEO & Chairman at the WEF in Davos, Switzerland on May 23rd, 2022. Adam Galica | CNBC Palo Alto Networks shares jumped as much as 9% in extended trading on Friday after the security software vendor reported earnings that exceeded analysts’ estimates. The stock had dropped 16% in August leading up…
The Adyen logo displayed on a smartphone. Rafael Henrique | SOPA Images | LightRocket via Getty Images Shares of Adyen, the European payments giant taking on U.S. titan Stripe, fell nearly 28% on Thursday after the company reported worse-than-expected sales and a profit drop in the first half of the year. Here’s how the company…
Atchison, Kansas. Walmart store logo with gardening products for sale. (Photo by: Michael Siluk/UCG/Universal Images Group via Getty Images) Ucg | Universal Images Group | Getty Images Walmart will report fiscal second-quarter earnings before the bell on Thursday, as the discounter tries to capitalize on customers hungry for lower prices. Here’s what analysts expect from…
Tencent has faced a number of headwinds in 2022 including a Covid-induced slowdown in the Chinese economy and a tougher market for gaming. Bobby Yip | Reuters Tencent on Wednesday reported a weaker-than-expected surge in profit for the second quarter, as cost-cutting measures began to pay off and sales rose across the company’s various businesses.…
Hong Kong Exchanges and Clearing reported a 31% jump in net profit for the first six months of the year, compared to a year ago — and its CEO has expressed optimism about the medium-term outlook. The strong numbers are attributed to the HKEX’s “diversification away from just the cash business” and the “tremendous” growth…
A Target department store on May 17, 2023 in North Miami Beach, Florida. Joe Raedle | Getty Images Target will report fiscal second-quarter earnings on Wednesday, as consumers send mixed messages about their willingness to spend. The discounter, which saw enormous sales gains during the Covid pandemic, is trying to bounce back from a disappointing…
A sign is seen posted on the exterior of a Home Depot store on February 21, 2023 in El Cerrito, California. Justin Sullivan | Getty Images Home Depot topped earnings expectations on Tuesday, but posted a 2% year-over-year sales decline as customers remained wary of big purchases and major projects. It marked the first time…
A factory at the mobile phone plant of Rising Stars Mobile India, a unit of Foxconn in Tamil Nadu, India, on July 12, 2019. Bloomberg | Bloomberg | Getty Images Apple supplier Foxconn beat estimates for second-quarter earnings on Monday thanks to a booming artificial intelligence sector but retained a cautious outlook for this year…
BEIJING, CHINA – DECEMBER 04: A logo hangs on the building of the Beijing branch of Semiconductor Manufacturing International Corporation (SMIC) on December 4, 2020 in Beijing, China. (Photo by VCG/VCG via Getty Images) Vcg | Visual China Group | Getty Images Semiconductor Manufacturing International Corp. posted on Thursday a drop in second-quarter revenue against…
Alibaba Group sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. Aly Song | Reuters Chinese e-commerce giant Alibaba on Thursday said revenue grew by 14% year-on-year in the quarter ended June 30. That’s the biggest annual increase in revenue since the September 2021 quarter, according to Refinitiv…
