Tag: shares fall
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Applied Materials sees revenue above estimates, shares fall on high expectations
Aug 13 : Applied Materials forecast fourth-quarter revenue above Wall Street expectations on Thursday, betting that unabated demand for advanced AI chips will continue to fuel robust spending on its semiconductor manufacturing equipment.The company, which supplies tools for key wafer fabrication processes suc
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Uber doubles down on robotaxi plans, shares fall on weak profit forecast
Aug 5 : Uber Technologies on Wednesday outlined plans to spend more than $10 billion on robotaxis over the coming years and said Waymo remained an important partner despite reports that the Alphabet unit was considering ending their alliance.Shares of the ride-hailing company fell 4.8 per cent after the compa
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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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AMD forecasts revenue above estimates on AI chip demand, but shares fall
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.Shares of the Santa Clara, California-based company, however, fell over 8 per cent in extended trading.The company
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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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