Tag: quarterly profit
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Trump Media swings to quarterly profit; Truth API boosts revenue
Nov 9 : Trump Media & Technology Group swung to a third-quarter profit on Monday, while its revenue more than tripled from a year earlier, fueled by growth in its Truth API data-licensing business.Shares of the company rose about 1 per cent in extended trading.Founded by US President Donald Trump and k
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STMicro nearly doubles quarterly profit, sees Q4 sales exceeding $4 billion
Oct 29 : STMicroelectronics reported a third-quarter operating profit above market expectations on Thursday, as demand from AI data centres and satellite operators added to a broader recovery in the chipmaker’s markets.Operating income excluding one-off charges was $429 million, nearly doubling from a year ag
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StanChart lifts full-year targets after quarterly profit trounces forecasts
HONG KONG/LONDON, Oct 28 : Standard Chartered (StanChart) on Wednesday hiked its income and profitability targets after third-quarter profit handily beat estimates with robust performances from its wealth and global markets divisions.It lifted its full-year income growth target for 2026 to above 7 per cent fr
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Visa quarterly profit jumps as consumer spending holds up
Oct 27 : Visa reported a surge in fourth-quarter profit on Tuesday as customers swiped their cards to pay for travel, shopping and dining out, signaling resilient US consumer spending underpinned by a strong labor market and wage growth. The FIFA World Cup, which ran from June 11 to July 19, also helped boost
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Robinhood’s quarterly profit falls as softer crypto activity outweighs robust trading
Oct 27 : Robinhood Markets reported a drop in third-quarter profit on Tuesday as slower cryptocurrency trading weighed on growth, despite robust trading activity across other asset classes, sending its shares down 3.4 per cent after the bell. Crypto markets have come under pressure this year amid heightened v
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HSBC quarterly profit jumps but shares slide after flat revenue for wealth business
HONG KONG/LONDON, Oct 27 : HSBC’s third-quarter profit surged 32 per cent as it benefited from favourable interest rates while avoiding hefty credit losses, but a marked slowdown at its wealth business underscored the challenge of sustaining its recent strong performance.The bank’s Hong Kong-listed shares dro
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Shares of fast-fashion platform Shein fall 6% after quarterly profit slides 67%
HONG KONG, Sept 29 : Shares of fast-fashion retailer Shein dropped more than 6 per cent on Tuesday after it reported a 67 per cent fall in quarterly profit, fuelling investor concerns over margin pressure and slowing growth. Jefferies analysts estimated that earnings landed more than 10 per cent below the low
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BYD posts first quarterly profit rise in over a year
BEIJING, Aug 28 : Chinese electric vehicle maker BYD on Friday posted its first quarterly profit rise in more than a year, helped by a surge in exports that offset weak domestic sales.The world’s largest EV maker by shipments has been at the forefront of Chinese automakers’ overseas push, gaining market share
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Zoom forecasts quarterly profit below estimates
Aug 25 : Zoom Communications forecast third-quarter profit below Wall Street expectations on Tuesday, signaling stiff competition was squeezing the video-conferencing company even as it ramps up AI features on its services. Shares of the San Jose, California-based company fell 3.8 per cent in extended trading
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Uber forecasts weak quarterly profit, doubles down on robotaxi investment plans
Aug 5 : Uber Technologies forecast current-quarter adjusted earnings below Wall Street estimates on Wednesday, saying that foreign exchange would trim bookings growth and reaffirming plans to invest heavily in robotaxis and acquisitions.The global ride-hailing and delivery giant’s capital allocation has becom
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