TAIPEI, Oct 30 (Reuters) – Demand growth for AI will continue “for sure” although the rate may vary, said Rick Tsai, CEO of Taiwan’s largest chip designer MediaTek, on Friday. Here are some details from the company’s third quarter earnings call: • Tsai…
Oct 30 (Reuters) – German sportswear maker Puma narrowed the guidance for its 2026 operating loss on Friday, with the midpoint of the range weakening slightly amid muted consumer demand. The company now expects an operating loss of €80 million to €130 million ($89 million to…
LONDON, Oct 30 (Reuters) – BP posted third-quarter underlying replacement cost profit, its version of net income, of $8.46 billion on Friday, compared with expectations of $7.33 billion in a company-provided poll of analysts and $2.2 billion a year ago. The British major’s operating cash…
(Corrects paragraph 11 to say three-month period ended September 27, not September 30; drop repeated word from paragraph 1) Oct 30 (Reuters) – Australia’s Coles said on Friday that heightened promotional activity by competitors hurt early second-quarter sales, as cost-conscious shoppers sought bargains, sending its shares…
Further downside is certainly possible, but selling now won't erase the losses we've taken.
Microsoft on Thursday announced plans to raise $25 billion in bonds, taking advantage of its healthy credit rating to support its infrastructure expansion. The software maker holds a top-tier AAA rating with S&P, a credit agency. Management is targeting $170 billion…
On Thursday, Amazon reported third-quarter revenue of $201.9 billion and earnings of $1.89 a share, both short of Wall Street forecasts, as its artificial intelligence buildout drained cash. Free cash flow came to an outflow of $42.4 billion over the past 12 months, compared…
NEW YORK, Oct 29 (Reuters) – Chip stocks took another hit after Thursday’s weak quarterly earnings report from Intel, which could make for interesting dynamics when trading reopens on Friday. The semiconductor index sold off in post-close trading on Thursday after chipmaker…
Oct 29 (Reuters) – FedEx Freight forecast earnings for the crucial holiday quarter above analysts’ estimates on Thursday, citing improvement in volumes after reporting bigger-than-expected quarterly profit and revenue thanks to better pricing. Shares of the company rose 2.1% in extended trading. US…
Oct 29 (Reuters) – Gilead Sciences hiked its full-year sales outlook on Thursday and reported third-quarter product sales rose 13%, driven by a double-digit percentage jump for its flagship HIV drug franchise. Foster City, California-based Gilead said an 18% increase in HIV sales to…
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