Hon Hai Group's headquarters in Taipei, Taiwan.Ceng Shou Yi | Nurphoto | Getty ImagesTaiwan's Foxconn, the world's largest contract electronics maker, beat expectations to post its highest-ever revenue for the third quarter on strong demand for artificial intelligence servers.Revenue for Apple's biggest iPhone assembler jumped 20.2% year on year to 1.85 trillion Taiwanese dollars ($57.3 billion)."The result...
Omar Marques | Lightrocket | Getty ImagesMicron Technology forecast first-quarter revenue above Wall Street estimates on Wednesday, betting on strong demand for its high bandwidth memory (HBM) chips used by the AI industry, sending the company's shares up 10% after the bell.The company is one of the only three providers...
A Raspberry Pi 2 Model B single-board computer.Olly Curtis | Future Publishing | Future | Getty ImagesRaspberry Pi, the British computer company that floated in June, reported on Tuesday stronger-than-expected adjusted earnings of $20.9 million for the first half, sending its shares up 7% in early trade.The group, which...
Miami Beach, Florida, FedEx Express delivery van parked, driver unloading box dolly. Jeff Greenberg | Universal Images Group | Getty ImagesFedEx reported a steep quarterly profit drop and lowered its full-year revenue forecast on Thursday after its customers continued to trade down from speedy, pricey delivery to cheaper, slower options.Shares...
The Snowflake Inc. logo, an American computing-based data cloud company that has a strong partnership with Salesforce, displayed on their stand during the Mobile World Congress 2023 on March 2, 2023, in Barcelona, Spain.Joan Cros | Nurphoto | Getty ImagesData cloud analytics firm Snowflake on Wednesday raised its forecast for full-year...
Fabrizio Freda, President and CEO of Estee Lauder.Getty ImagesMAC lipstick maker Estee Lauder forecast 2025 profit and sales below estimates as the global beauty market struggles with slowing demand, and said long-time CEO Fabrizio Freda was retiring, sending its shares down 10% in premarket trading.The company said sales in...
Hon Hai Group's headquarters in Taipei, Taiwan.Ceng Shou Yi | Nurphoto | Getty ImagesApple supplier Foxconn reported on Wednesday a 6% rise in second-quarter net profit, driven by strong AI server demand as the company touted "strong growth momentum" from the technology boom.The Taiwanese company, the world's largest contract electronics maker, said net...
Standard Chartered Plc bank branch in Hong KongBloomberg | Bloomberg | Getty ImagesStandard Chartered (StanChart) on Tuesday announced its largest-ever share buyback worth $1.5 billion and lifted its earnings outlook for this year, betting on strong economic growth in its core Asian markets and plans to rein in costs.The...
The F5 San Jose Office.Courtesy: F5Cybersecurity and cloud services company F5 forecast fourth-quarter revenue and profit above Wall Street estimates on Monday, expecting resilient spending by businesses and sending its shares more than 13% higher in extended trading.Companies are increasingly digitizing their operations and trying to cash in on...
The Hyundai display at the New York International Auto Show on March 28, 2024. Danielle DeVries | CNBCHyundai Motor reported record quarterly profit and revenue on Thursday on strong sales of high-margin cars and said it would expand hybrid lineups to brace for possible changes in U.S. electric vehicle policies following the election.Its...