Tag: upbeat quarterly
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Microchip Tech forecasts upbeat quarterly revenue on strong demand
(Corrects share movement in fourth bullet to up 7 per cent from down 4 per cent)Aug 6 : Microchip Technology forecast second-quarter revenue and profit above Wall Street estimates on Thursday, on strengthening demand for its chips used in AI data centers as well as the industrial, automotive and aerospace se
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EBay forecasts upbeat quarterly revenue as high-value categories drive momentum
Aug 5 : EBay forecast third-quarter revenue above Wall Street estimates on Wednesday, leaning on its push into authenticated luxury goods, collectibles and refurbished products to bring more high-value buyers to its online marketplace.The results are the first since the company rebuffed GameStop’s about $56 b
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Sandisk forecasts upbeat quarterly revenue on AI-driven demand
Aug 5 : Sandisk forecast quarterly revenue above estimates on Wednesday, banking on rising demand for its memory chips used in AI data centers.Shares of the Milpitas, California-based company fell more than 3 per cent in extended trading, after rising more than five-fold this year alongside a broader rally in
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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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TE Connectivity projects upbeat quarterly results, to buy Astrodyne for $1.4 billion
July 22 : Electronic equipment maker TE Connectivity on Wednesday forecast fourth-quarter profit and revenue above Wall Street expectations, betting on a boom in demand for its AI-related tools and products.Growing demand for AI-related tools and products has boosted investments in data centers and network eq
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