Earnings
Broadcom shares rise as AI growth powers strong guidance
Hock Tan, CEO of Broadcom. Martin H. Simon | Bloomberg | Getty Images Broadcom shares rose about 6% after the company posted strong first-quarter earnings and guidance that signaled ongoing artificial intelligence demand. The chipmaker posted adjusted earnings of $1.60 per share on $14.92 billion in revenue. That surpassed the adjusted earnings of $1.49 per […]
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MTR CEO talks about adapting to Hong Kong’s ‘new normal’
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email MTR CEO Jacob Kam talks about the challenges that Hong Kong’s rail network and properties are facing, as both travel and retail slowly recover and cope with expanding competition. Source
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Broadcom shares soar 16% as earnings top estimates on demand for custom AI chips
Broadcom CEO Hock Tan. Lucas Jackson | Reuters Broadcom reported first-quarter earnings on Thursday that topped analysts’ expectations, and the chipmaker offered strong guidance for the current quarter. The stock jumped 16% in extended trading. Here’s how the company did versus LSEG consensus estimates: Earnings per share: $1.60 adjusted vs. $1.49 expected Revenue: $14.92 billion […]
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HPE to cut 2,500 employees as stock slides 16% on weak earnings outlook
Antonio Neri, CEO of Hewlett Packard Enterprise, speaks during an interview with CNBC on the floor of the New York Stock Exchange (NYSE) in New York City, October 20, 2023. Brendan McDermid | Reuters Hewlett Packard Enterprise shares slid 16% in extended trading on Thursday as the data center equipment maker issued quarterly and full-year […]
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Costco reports mixed second-quarter earnings
Customers shop at a Costco Wholesale store on January 31, 2025 in Chicago, Illinois. Scott Olson | Getty Images Costco on Thursday reported an earnings miss, but beat expectations for revenue for the second quarter. Here’s how the wholesale company did compared with what Wall Street was expecting for the quarter ended Feb. 16, based […]
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Gap shares spike 17% as retailer blows away expectations again, showing turnaround has staying power
A shopper carries her early Black Friday purchases on Thanksgiving Day, November 28, 2024, at the Citadel Outlets shopping center in Los Angeles. Robyn Beck | AFP | Getty Images Gap on Thursday posted another quarter that blew away expectations, indicating its turnaround under CEO Richard Dickson is working better – and faster – than […]
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Marvell plunges 18% as outlook falls short of high expectations
Matt Murphy, CEO, Marvell Technology Scott Mlyn | CNBC Marvell Technology shares plummeted more than 17% after the chipmaker’s guidance fell short of some elevated buyside estimates. For the first fiscal quarter, the chipmaker said it expects sales of about $1.88 billion. That was just ahead of the $1.87 billion expected by analysts polled by […]
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MongoDB plummets 20% as weak outlook overshadows strong quarterly results
Dev Ittycheria, CEO of MongoDB Adam Jeffery | CNBC MongoDB shares cratered more than 20% after the database software maker shared weak guidance that signaled a slowdown in growth. For the fiscal 2026 year, the company said it expects adjusted earnings to range between $2.44 to $2.62 per share and revenue of $2.24 billion to […]
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Lufthansa hopeful Trump administration will spur Boeing deliveries as delays hit bottom line
German airline group Lufthansa is hopeful that the new U.S. administration will support Boeing in overcoming issues that have led to industry-wide delivery delays, CEO Carsten Spohr said Thursday. The company expects 2025 will be the year when it starts to recieve aircraft for which it has been “waiting for so long now,” Spohr told […]
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Stocks making the biggest moves premarket: Marvell Technology, MongoDB, Macy’s, Alibaba and more
Check out the companies making headlines before the bell. MongoDB – The database software maker tumbled 18% after issuing weak guidance for fiscal 2026. MongoDB anticipates adjusted earnings per share of $2.44 to $2.62, below the $3.34 per share expected from analysts polled by LSEG. It guided for revenue of $2.24 billion to $2.28 billion, […]
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