Enrique Lores, CEO, HP Scott Mlyn | CNBC Computer maker HP Inc. said Tuesday that it plans to cut 4,000 to 6,000 employees over the next three years. Shares rose as much as 1% in extended trading following the announcement. HP is the latest technology company to announce its intent to slim down given economic…
Private homes in the River Valley/Orchard area in Singapore. Returning Singaporeans and expatriates have driven rental demand in Singapore, according to PropertyGuru’s CFO. Lauryn Ishak | Bloomberg | Getty Images Singapore-based online property portal PropertyGuru posted a net loss of $7.4 million Singapore dollars ($5.3 million) for the quarter ended Sept. 30 — down from…
Motorcyclists travel past a billboard advertising GoTo’s initial public offering in Jakarta, Indonesia, on Friday, April 8, 2022. GoTo, formed through the merger of Gojek with e-commerce pioneer Tokopedia, raised $1.1 billion in one of the worlds biggest stock debuts this year and is slated to list in Jakarta April 11. Dimas Ardian | Bloomberg…
Eric Yuan, CEO, Zoom Video Communications Source: CNBC Zoom shares slumped more than 7% in extended trading on Monday after the video-chat company issued weaker-than-expected revenue guidance for its full fiscal year. Here’s how the company did: Earnings: $1.07 per share, adjusted, vs. 84 cents per share as expected by analysts, according to Refinitiv. Revenue:…
Singapore technology ride-sharing and food delivery service company Grab logo is displayed on a smartphone screen. Budrul Chukrut | Sopa Images | Lightrocket | Getty Images Singapore-based ride-hailing and food delivery giant Grab narrowed losses and broke even in its deliveries segment for the first time since 2012, during the third quarter. The company posted…
Nvidia reported fiscal third-quarter results on Wednesday for the period ending in October with sales beating analyst expectations but earnings per share coming in light. Nvidia stock rose 1% in extended trading. Here’s how the company did versus Refinitiv consensus estimates: EPS: $0.58, adjusted, versus $0.69 expected Revenue: $5.93 billion, versus $5.77 billion expected Nvidia…
A sign bearing the logo for communications and security tech giant Cisco Systems Inc is seen outside one of its offices in San Jose, California, August 11, 2022. Paresh Dave | Reuters Cisco reported fiscal first-quarter results on Wednesday that beat analysts’ estimates and boosted its guidance for fiscal 2023. The stock rose about 5%…
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 Japan’s SoftBank Group Corp reported its first quarterly profit in three quarters,…
The New York Stock Exchange welcomes executives and guests of Roblox (NYSE: RBLX), today, Wednesday, March 10, 2021, in celebration of its Direct Listing. NYSE Shares of Roblox fell more than 10% when markets opened Wednesday after the company reported a third-quarter loss but beat analyst estimates for bookings revenue. Here’s how the company did:…
A traveler arriving at Los Angeles International Airport looks for ground transportation during a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers “basic employee rights” in Los Angeles, California, U.S., August 20, 2020. Mike Blake | Reuters Shares of Lyft plunged more than 23% in…
