Adobe surges as AI optimism fuels annual revenue forecast
By Arsheeya Bajwa (Reuters) – Adobe shares soared 16% on Friday, putting the Photoshop-maker on track for its best day in more than four years, after the company raised its…
Broadcom boosts revenue forecast from AI chips, unveils stock split
By Arsheeya Bajwa (Reuters) – Broadcom raised its annual forecast for revenue from chips that help in artificial intelligence work by 10% on Wednesday, and announced a stock split to…
China’s Lenovo extends revenue growth streak, beats expectations
By Josh Ye HONG KONG (Reuters) – China’s Lenovo Group reported a 9% rise in fourth-quarter revenue to $13.8 billion on Thursday, as the world’s largest maker of personal computers…
Grab raises annual profit view after strong first-quarter revenue growth
By Yuvraj Malik (Reuters) – Grab Holdings raised its full-year profit forecast on Wednesday after reporting a higher-than-expected quarterly revenue, driven by recent cost-reduction measures and robust demand for its…
Bumble revenue beats estimates on paying users strength, shares jump
By Jaspreet Singh (Reuters) – Bumble beat Wall Street estimates for first-quarter revenue on Wednesday helped by growth in its paying users, sending the company’s shares up more than 9%…
Foxconn reiterates Q2 revenue to grow, posts record April sales
Βy Ben Blanchard TAIPEI (Reuters) – Taiwan’s Foxconn, the world’s largest contract electronics maker and the biggest assembler of Apple’s iPhone, reiterated on Sunday it expected a rise in second-quarter…
Microsoft, AI is a blessing: growing revenues and bright future
Microsoft AI: Climbing back up the ladder and returning on the front foot after a knockout blow is complicated but not impossible. At least if your name is Microsoft, the…
EBay forecasts Q2 revenue below estimates as consumer spending remains strained
By Yuvraj Malik (Reuters) – Ecommerce firm eBay forecast second-quarter revenue below Wall Street estimates on Wednesday, as demand cools for its key product categories like collector’s items and auto…
Chipmaker Wolfspeed forecasts quarterly revenue below estimates as EV sales growth slows
By Akash Sriram (Reuters) – Chipmaker Wolfspeed forecast current-quarter revenue below estimates on Wednesday as automakers grapple with high inventory levels due to slower-than-expected EV sales growth. Shares of the…
Snapchat parent soars after beating revenue, user growth estimates
By Medha Singh and Amanda Cooper (Reuters) – Shares in Snap jumped nearly 25% in on Friday after targeted ads and new features helped the owner of the photo messaging…