Tag: shares fall
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Besi shares fall on report ASML is working on rival hybrid bonding product
AMSTERDAM, Oct 16 : Shares in computer chip packaging equipment maker BE Semiconductor Industries (Besi) fell 3 per cent on Friday after influential semiconductor research firm SemiAnalysis reported that one of the company’s main growth products will face competition from bigger rival ASML.The SemiAnalysis r
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TomTom shares fall as revenue miss outweighs higher margin forecast
Oct 15 : Dutch location data company TomTom posted lower-than-expected quarterly revenue on Thursday, sending its shares down 5 per cent despite a raised profitability forecast and a restructuring plan involving 200 job cuts.Third quarter revenue fell to €128.9 million ($144.6 million) missing the €131 mi
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Australia’s Suncorp denies takeover talks with Tokio Marine; shares fall
Oct 1 : Suncorp said on Thursday it was not in discussions regarding a takeover and had not received an offer, following a media article linking the Australian insurer with Japan’s Tokio Marine. • In a response to a query from the Australian Securities Exchange, Suncorp said it had no undisclosed informatio
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AI infra firm Accelevation’s shares fall in tepid Nasdaq debut
Sept 30 : Data center infrastructure firm Accelevation fell 2.5 per cent in its Nasdaq debut on Wednesday, after pricing its IPO below its marketed range, signaling that investors are turning cautious on the AI story as spending uncertainty looms. Accelevation provides power distribution, cooling, structural
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HPE raises forecasts on AI demand, shares fall on supply concerns
Sept 2 : Hewlett Packard Enterprise raised its annual forecasts on Wednesday after reporting quarterly results that beat Wall Street expectations, as surging AI-related demand across networking and servers drove growth across its business.However, the company’s shares slipped more than 3 per cent in extended
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Fast-fashion retailer Shein shares fall more than 10% in pre-debut trading
HONG KONG, Aug 31 : Shares of online fast-fashion retailer Shein slumped more than 10 per cent in gray-market trading on Monday, one day ahead of its Hong Kong Stock Exchange debut.The company raised $1.7 billion at HK$48.56 a share, valuing it at about $26.5 billion, according to sources who declined to be i
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Fast-fashion retailer Shein shares fall at least 10% in pre-debut trading
HONG KONG, Aug 31 : Shares of online fast-fashion retailer Shein dropped more than 10 per cent in gray-market trading on Monday ahead of its Hong Kong Stock Exchange debut on Tuesday. The company raised $1.7 billion at HK$48.56 a share, valuing the company at about $26.5 billion, sources told Reuters. Shein’
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Marvell raises annual forecasts, but shares fall as Google deal questions linger
Aug 27 : Marvell Technology failed to provide a meaningful increase to its long-term revenue outlook despite signing a major new AI chip agreement with Google, disappointing investors looking for evidence that the deal would accelerate growth sooner.The chipmaker’s shares slid over 6 per cent after hours on T
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Alibaba shares fall 8% after $10 billion Hong Kong share sale
Aug 24 : Alibaba shares fell 8 per cent in early Hong Kong trade on Monday after the tech company finalised a HK$80 billion ($10.21 billion) share placement at HK$112.70 apiece, in a deal aimed at funding artificial intelligence-related development.The Chinese e-commerce and cloud computing company priced 710
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Samsung Electronics shares fall after shareholder return announcement
SEOUL, Aug 24 : Shares of Samsung Electronics fell more than 5 per cent in early trade on Monday, after the South Korean chipmaker said last week its shareholder returns this year could reach up to 110 trillion won ($79.38 billion). The shares were down 5.2 per cent by 0013 GMT, while peer chipmaker SK…
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