Tag: shares fall
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Spotify forecasts profit and monthly active users below estimates, shares fall
Aug 4 : Spotify forecast third-quarter profit and monthly active users below Wall Street estimates on Tuesday, underscoring the streaming service’s challenges in maintaining growth despite expanding its offerings of AI-based features to fend off competition.Shares of the company were down around 4 per cent in
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Equinix shares fall on soft third-quarter forecast
July 29 : Equinix shares fell 3 per cent on Wednesday as soft third-quarter forecast overshadowed a raised full-year and long-term outlook.Here are some details:• For the third quarter, Equinix expects revenue of $2.53 billion to $2.58 billion, the midpoint of which is below analysts’ estimate of $2
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KLA results beat Wall Street estimates, but shares fall on high investor expectations
July 28 : KLA Corp on Tuesday beat fourth-quarter revenue estimates and forecast first-quarter revenue above Wall Street expectations, but its shares fell 9 per cent in extended trading as the results failed to meet investor expectations.The company’s shares have risen more than 57 per cent so far this year,
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Bitcoin miner Ionic Digital valued at $2.25 billion after shares fall in Nasdaq debut
July 28 : Ionic Digital, a bitcoin miner and cloud infrastructure provider, was valued at about $2.25 billion after its shares fell in their Nasdaq debut on Tuesday.The stock opened at $50 apiece, down nearly 5.7 per cent from a reference price of $53 set by the Nasdaq on Monday.A direct listing allows
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STMicroelectronics profit misses estimates, shares fall 14%
July 23 : STMicroelectronics reported second-quarter core profit below market expectations and forecast third-quarter revenue slightly below analyst estimates on Thursday, sending its shares down 14 per cent.The results disappointed investors betting on a faster recovery at the Franco-Italian chipmaker after
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Brookfield-backed Csquare valued at $3.24 billion as shares fall in NYSE debut
July 16 : Brookfield-backed data center provider Csquare was valued at $3.24 billion after its shares fell 0.5 per cent in their NYSE debut on Thursday.Shares opened at $20.9 after the Dallas-based company priced its IPO at $21 per share, below their marketed range of $23 to $27, raising $1.05 billion by sell
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SK Hynix shares fall as much as 4.4% in Seoul after strong Nasdaq debut
SEOUL, July 13 : SK Hynix shares fell as much as 4.4 per cent in early trade on Monday after the world’s leading AI memory chipmaker surged 12.8 per cent in its Nasdaq debut on Friday, following a high-profile U.S. listing.The South Korean memory chip manufacturer raised more than $26 billion by selling Ameri
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Samsung Electronics sees record preliminary 2Q profit but shares fall
Skip NavigationMarketsBusinessInvestingTechPoliticsVideoWatchlistInvesting ClubPROLivestreamMenuThe Samsung exhibition stand features the prominent ”A new era of mobile agentic AI” slogan by the South Korean company Samsung Electronics.Joan Cros
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Asian shares fall as Apple’s price hikes dents tech optimism
SYDNEY, June 26 : Asian shares eased from record highs on Friday as hefty price hikes from Apple showed the downside of the boom in chip demand, while only the threat of Japanese intervention kept the yen from hitting 40-year lows. Brent crude futures slipped 0.5 per cent to $74.89 a barrel, having bounced 2
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SpaceX shares fall as post-IPO frenzy loses steam
June 18 : Shares of Elon Musk’s rockets-to-AI firm SpaceX dropped more than 6 per cent on Thursday, as the post-IPO frenzy that briefly placed it among the top five most valuable companies of the world appeared to fizzle out. Its shares were last down 6.4 per cent at $179.62, after falling nearly 5 per…
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