SMIC’s 14nm chip yield has reached industry production level. Future Publishing | Getty Images China’s biggest chipmaker SMIC posted record revenue in 2022, despite ongoing U.S. sanctions, but warned of a more difficult year ahead given a slump in the semiconductor industry. SMIC said on Thursday that 2022 revenue totaled $7.2 billion, up 34% year-on-year while…

Air travelers walk toward a Lyft pickup area at Los Angeles International Airport (LAX) on August 20, 2020 in Los Angeles, California. Mario Tama | Getty Images Lyft shares fell more than 30% during after-hours trading after issuing weak guidance in its earnings report on Thursday. Here are the key numbers Lyft reported for its…

Siemens reported better-than-expected quarterly profit at its industrial business on Wednesday and raised its full-year sales and profit guidance, boosted by a strong start to its 2023 fiscal year. The builder of trains and industrial software reported profit at its industrial business of 2.7 billion euros ($2.90 billion) in the fiscal first quarter to the…

Affirm Holdings Inc. website home screen on a laptop computer in an arranged photograph taken in Little Falls, New Jersey. Gabby Jones | Bloomberg | Getty Images Affirm announced its cutting 19% of its workforce as it reported second quarter earnings that fell below analyst estimates on both the top and bottom lines. Shares were…

Uber reported fourth-quarter earnings Wednesday that beat analysts’ estimates. Shares were up more than 6% in premarket trading. Here’s how the company did: Earnings per share: 29 cents vs. 18 cent loss expected by analysts, according to Refinitiv. Revenue: $8.6 billion vs. $8.49 billion expected by analysts, according to Refinitiv. Revenue for the quarter was…

Societe Generale on Wednesday reported a 64% drop in annual net profits for 2022, weighed on by lower activity in its domestic banking unit, currency effects and increased operating expenses. The French bank said net income came in at 1.16 billion euros ($1.24 billion) for the final quarter of 2022, bringing its annual profit to…

The container ship Maersk Murcia sits moored in the port of Gothenburg, Sweden, on August 24, 2020. JONATHAN NACKSTRAND | AFP | Getty Images Maersk, one of the world’s largest container shipping firms, on Wednesday reported a fall in fourth-quarter earnings but posted the best full-year result in its history. The Danish giant, widely seen…

SoftBank’s Vision Fund, the brainchild of the company’s founder Masayoshi Son, has faced a number of headwinds including a slump in technology stocks as a result of rising interest rates, a tough China market and geopolitics. Kentaro Takahash | Bloomberg | Getty Images SoftBank’s flagship investment arm the Vision Fund posted its fourth straight quarterly…

Pinterest shares sank as much as 12% after the company reported revenue that missed analyst expectations and issued a light forecast for the first quarter. Here’s how the company did. Revenue: $877 million vs. $886.3 million expected, according to Refinitiv. Earnings: 29 cents per share vs. 27 cents expected, according to Refinitiv. related investing news…

Cristiano Amon, CEO of Qualcomm. Steve Marcus | Reuters Qualcomm shares fell 2% in extended trading on Thursday after the chipmaker reported lower fiscal first-quarter revenue than analysts had predicted and issued weak quarterly guidance. Here’s how the company did: Earnings: $2.37 per share, adjusted, vs. $2.34 per share as expected by analysts, according to…