Tag: revenue
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Thomson Reuters reports higher second-quarter revenue, raises full-year forecast
Aug 5 : Thomson Reuters reported a 9 per cent rise in second-quarter revenue on Wednesday, boosted by its three biggest business segments, legal, corporates and tax and accounting, and lifted its full-year organic revenue forecast to around 8 per cent.Thomson Reuters said its second-quarter revenue rose to $1
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Canada’s Shopify forecasts revenue above estimates, shares surge
Aug 5 – Canada’s Shopify projected current-quarter revenue growth above Wall Street estimates on Wednesday, signaling the company’s AI efforts were drawing more merchants to its suite of e-commerce services, sending its U.S.-listed shares up 26 per cent premarket. The company’s solid outlook and a second-quar
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SpaceX slides as AI spending worries overshadow early returns
Aug 5 : SpaceX touted faster-than-expected returns from its AI spending on its first-ever earnings call as a public company.But investors remained concerned about how long its profitable Starlink business could continue to bankroll costly investments in data centers and Nvidia chips.The company’s share
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AMD falls as investors seek bigger AI payoff
Aug 5 : Advanced Micro Devices shares declined before the bell on Wednesday as the chipmaker’s stronger-than-expected revenue forecast fell short of lofty expectations and investors sought clearer signs that a multibillion-dollar AI spending boom will translate into faster growth.The shares were last down 7.4
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AMD’s AI-powered revenue forecast fails to wow investors
Aug 4 : AMD forecast quarterly revenue above Wall Street estimates on Tuesday, banking on strong demand for its chips from massive data-center capacity expansions to power AI technologies.Yet, its shares fell nearly 9 per cent in extended trading, suggesting that investors were looking for an even stronger ou
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SpaceX revenue jumps in debut results as satellite, AI businesses surge
Aug 4 : SpaceX’s revenue nearly doubled, the rocket company said in its first earnings report since going public, fueled by its booming Starlink satellite communications and AI businesses, but executives flagged the spending spree underpinning its lofty ambitions is far from over.The company led by Elon Musk
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Match’s weak quarterly revenue forecast masks improving trends at Tinder
Aug 4 : Match Group forecast third-quarter revenue below Wall Street estimates on Tuesday, overshadowing signs of improvement in its struggling Tinder dating app and continued growth at Hinge, sending its shares down 9 per cent in extended trading.The weak outlook stems from the company’s Everyone Everywhere
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Arista forecasts upbeat quarterly revenue on AI-driven networking demand
Aug 4 : Arista Networks forecast third-quarter revenue above Wall Street estimates on Tuesday, betting on strong demand for its networking gear as companies expand their AI infrastructure.The company has been expanding beyond its core cloud customer base into enterprise campus and branch networking to diversi
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AMD forecasts upbeat revenue on strong AI chip demand, but shares fall on lofty expectations
Aug 4 : AMD forecast quarterly revenue above Wall Street estimates on Tuesday, banking on strong demand for its chips from massive data-center capacity expansions to power AI technologies.Yet, its shares fell more than 7 per cent in extended trading, suggesting that investors were looking for an even stronger
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SpaceX’s first quarterly results as a public company beat expectations, but AI costs hit stock
NEW YORK, Aug 4 : SpaceX on Tuesday posted its first quarterly results as a public company, highlighting a 92 per cent rise in revenue on strong growth in its Starlink satellite-internet and AI businesses, and announced a datacenter-chip partnership with Nvidia.Revenue for the second quarter ended in June ros
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