revenue
By Arsheeya Bajwa and Max A. Cherney (Reuters) -Advanced Micro Devices on Tuesday forecast fourth-quarter revenue just shy of estimates as supply chain constraints hamper its ability to meet strong demand for AI chips, while the PC market grows more slowly than some investors expected. Shares of the Santa Clara,…
By Akash Sriram and Aditya Soni (Reuters) – Apple (NASDAQ:) is expected to report its biggest quarterly revenue jump in two years on Thursday, with iPhone demand faring better than recent years toward the end of the company’s annual release cycle, especially in China. The results will provide investors the…
By Arsheeya Bajwa (Reuters) – Intel (NASDAQ:) is expected to report its biggest quarterly revenue drop in five quarters on Thursday, potentially signaling more erosion of data center and personal computer market share for the once iconic American chipmaker. Shareholders have turned their focus to CEO Pat Gelsinger’s attempts to…
By Georgina McCartney NEW YORK, (Reuters) – New Mexico, the second-largest oil-producing state in the U.S., is studying new restrictions on drilling that would hit up to 5.4% of its future crude output and result in billions of dollars in lost revenue, the state’s chief economist said this week in…
Lithia Motors, Inc. (NYSE:) reported a record revenue of $9.2 billion in the third quarter of 2024, marking an 11% increase year-over-year. The company’s adjusted diluted earnings per share were $8.21. Lithia Motors CEO Bryan DeBoer highlighted the company’s achievement of $200 million in annualized cost savings and a reduction…
Investing.com — Shares of EssilorLuxottica fell on Friday after the company reported lower-than-expected revenues for the third quarter of 2024, missing analysts’ estimates. At 3:31 am (0731 GMT), EssilorLuxottica was trading 1.3% lower at €213.10. The eyewear giant posted group revenues of €6.44 billion, falling short of projections by 2%.…
Investing.com — Rentokil’s (LON:) shares rose on Thursday, after the company posted a 2.6% increase in third-quarter organic revenue and a management overhaul in its North American operations. At 6:21 am (1021 GMT), Rentokil was trading 9.2% higher at £372.40. The trading update showed mixed results, with the North American…
Fastenal Company (NASDAQ: NASDAQ:) reported a 3.5% increase in net sales and a 1% rise in earnings per share to $0.52 in its Q3 2024 earnings call. The industrial supply company’s daily sales rate grew by 1.9%, despite disruptions from Hurricane Helene.Key Takeaways • Net sales increased by 3.5% year-over-year…
Applied Digital, a company specializing in data center hosting and cloud services, has reported a significant 67% increase in revenue, reaching $60.7 million in the fiscal first quarter of 2025. This growth is primarily attributed to the strong performance of their data center hosting and cloud services segments. Despite the…
By Krystal Hu and Kenrick Cai (Reuters) – Thrive Capital is investing more than $1 billion of OpenAI’s current $6.5 billion fundraising round, and it has a sweetener no other investors are getting: the potential to invest another $1 billion next year at the same valuation if the AI firm…
