Xiaomi Q3 net income jumps on cost savings, revenue rises
By Yelin Mo and Brenda Goh BEIJING (Reuters) - Smartphone maker Xiaomi Corp posted a forecast-beating jump in third-quarter net income on Monday, while revenue also topped estimates as flat device shipments outperformed the wider market. The company's sales for the period
Poland’s Allegro sees higher holiday-quarter earnings after Q3 core profit beat
By Anna Pruchnicka (Reuters) - Poland's biggest e-commerce platform Allegro said on Thursday it expects earnings to rise 20%-23% year-on-year at home in the crucial holiday quarter, after its third-quarter core profit topped expectations. Allegro's adjusted earnings before interest, taxes, depreciation and
Indonesia’s GoTo reports significant drop in Q3 underlying losses
By Stefanno Sulaiman JAKARTA (Reuters) - Indonesia's biggest tech firm PT GoTo Gojek Tokopedia reported 942 billion rupiah ($59.30 million) in underlying losses for the third quarter, a significant drop from last year's 3.7 trillion rupiah, the company said on Monday. The
SK Hynix says AI boom will drive profits after Q3 loss narrows
By Joyce Lee and Heekyong Yang SEOUL (Reuters) - South Korea's SK Hynix said a boom in artificial intelligence will drive chip profits after posting a sharply narrower third quarter loss than it did in the previous quarter. Strong demand for advanced
Global smartphone market slumps to lowest Q3 level in decade
By Akash Sriram, Juby Babu and Aditya Soni (Reuters) - The global smartphone market contracted by 8% to its lowest third-quarter level in a decade on subdued demand for major brands including Apple and Samsung in most developed markets, according to