Enrique Lores, CEO, HP Scott Mlyn | CNBC Shares of HP fell more than 8% Wednesday morning after the printer and PC-maker released fiscal third quarter earnings that underwhelmed Wall Street. HP reported $13.2 billion in revenue, down from the $13.37 billion expected by analysts, according to Refinitiv. Earnings per share came in line with…
A BYD ATTO 3 is displayed during the British Motor Show at Farnborough International Exhibition Centre on August 17, 2023 in Farnborough, England. John Keeble | Getty Images News | Getty Images Shares of Chinese automaker BYD listed in China jump more than 5% Tuesday, a day after posting a stellar jump in first half…
Australia’s Transport Workers’ Union have asked Qantas’ CEO to resign over for “empty promises to frustrated passengers” and “announcing more tactics to silence workers and suppress wages.” Phil Noble | Reuters Australia’s flagship carrier Qantas Airways reported a record annual profit on Thursday as demand for air travel continues to boom post-pandemic, with the airline…
Nvidia founder, President and CEO Jen-Hsun Huang Getty Images Nvidia shares climbed 8% in extended trading on Wednesday after the chipmaker beat estimates for the fiscal second quarter and issued optimistic guidance for the current period. Earnings: $2.70 per share, adjusted, versus $2.09 per share expected by Refinitiv. Revenue: $13.51 billion versus $11.22 billion expected…
Zoom founder Eric Yuan speaks before the Nasdaq opening bell ceremony in New York on April 18, 2019. Kena Betancur | Getty Images Zoom shares rose as much as 8% in extended trading on Monday after the video-calling software provider announced fiscal second-quarter results that exceeded analysts’ expectations. Here’s how the company did: Earnings: $1.34…
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…
