Gilead quarterly profit beats Street estimates, revenue up 5%
By Deena Beasley (Reuters) -Gilead Sciences on Thursday reported second-quarter profit that handily beat Wall Street estimates, driven by lower…
Category: Business
Expedia beats second-quarter profit estimates on sustained international travel demand
(Reuters) – Online travel agency Expedia beat analysts’ expectations on Thursday for second-quarter profit, helped by sustained demand for international…
Coinbase’s second-quarter revenue surges on crypto trading revival
(Reuters) -Coinbase reported a surge in second-quarter revenue on Thursday as trading volumes at the crypto exchange roared back to…
Amazon projects quarterly revenue below estimates, shares slide
By Deborah Mary Sophia and Greg Bensinger (Reuters) -Amazon.com forecast current quarter sales below estimates, and shares fell sharply after…
Intel to cut 15% jobs, suspend dividend in turnaround push
-Intel said on Thursday it would cut more than 15% of its workforce and suspend its dividend starting in the…
EBay beats quarterly results estimates on steady demand for refurbished goods
(Reuters) -E-commerce firm eBay beat Wall Street estimates for second-quarter revenue and profit on Wednesday, on steady demand for refurbished…
Chipmaker Qualcomm forecasts upbeat revenue on smartphone strength, AI boost
(Reuters) – Qualcomm forecast fourth-quarter revenue above Wall Street estimates on Wednesday, betting on strong demand for high-end Android devices…
Microsoft’s costs in focus as fears rise over slow payoff from AI
By Aditya Soni (Reuters) – Microsoft investors will have one big question when the tech giant reports earnings on Tuesday:…
Paris Olympics broadcasters diverge on AI approach
By Sheila Dang (Reuters) – The Paris Olympics will be a showcase of generative AI for American viewers but European…
Ackman cuts new fund’s target size, asks investors to commit
By Svea Herbst-Bayliss (Reuters) – Bill Ackman said his new U.S. listed fund, Pershing Square USA, will be dramatically smaller…