China’s BYD forecasts 2023 net profit to rise as much as 86.5% y/y
By Ethan Wang, Zhang Yan, Ella Cao and Ryan Woo BEIJING (Reuters) - Chinese electric vehicle (EV) giant BYD said on Monday it expects net profit in 2023 to have risen by as much as 86.5% on the previous year, buoyed
India boosts AI in weather forecasts as floods, droughts increase
By Kanjyik Ghosh MUMBAI (Reuters) - India is testing artificial intelligence (AI) to build climate models to improve weather forecasting as torrential rains, floods and droughts proliferate across the vast country, a top weather official said. Global warming has triggered more intense
Micron revenue forecasts strong recovery, shares jump
By Arsheeya Bajwa and Max A. Cherney (Reuters) - Micron Technology forecast quarterly revenue above market estimates on Wednesday, and its shares jumped nearly 5% in extended trading on signs of memory chip recovery in 2024 after one of the most
Adobe embroiled in anti-trust issues, forecasts revenue below estimates
By Arsheeya Bajwa (Reuters) - Photoshop maker Adobe said on Wednesday it was facing regulatory scrutiny over its subscription models and forecast annual and quarterly revenue below estimates, sending its shares down more than 5% in after-hours trading. The San Jose, California-based
Cisco lowers annual forecasts on slowdown in new orders
By Samrhitha A (Reuters) - Cisco Systems cut its full-year revenue and profit forecasts on Wednesday in a sign that demand for its networking equipment was slowing, sending the company's shares down nearly 11% after market. The company has in recent years
HP forecasts 2024 profit in line with estimates, boosts annual dividend
By Samrhitha Arunasalam (Reuters) - HP Inc on Tuesday forecast fiscal 2024 earnings largely in line with estimates and raised its annual dividend, reflecting stabilizing demand in the personal computers market. Companies such as HP, Lenovo and Dell Technologies have seen demand