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...
Rafael Enrique | Lightrocket | Getty ImagesServiceNow raised its full-year subscription revenue forecast on Wednesday as its enterprise customers adopt artificial intelligence-enabled cloud-based software.ServiceNow's shares were up more than 7% in extended trading and have gained 3.5% so far this year, underperforming the S&P 500 index.A burgeoning demand for...
AT&T exceeded market expectations for wireless subscriber additions in the second quarter on Wednesday, as higher-tier unlimited plans attracted customers.
Italian bank UniCredit on Wednesday posted better-than-expected second quarter profit and said it was buying a Belgian digital bank with its own cloud-based IT platform for 370 million euros ($401 million).Led since 2021 by former UBS investment banking chief Andrea Orcel, UniCredit is at the center of speculation over...
People pass walk outside a Verizon Store on the 42nd Street on February 22, 2024. In New York City. View Press | Corbis News | Getty ImagesVerizon Communications added more wireless subscribers than expected in the second quarter, it reported on Monday, boosted by strong demand for its flexible plans that...
A sign showing the American Express logo is seen outside of a restaurant in Des Plaines, Illinois. Justin Sullivan | Getty Images News | Getty ImagesCredit card giant American Express raised its full-year profit forecast on Friday, as its wealthy customers persisted in splurging on travel, dining and entertainment.The company...
Nick Hayek, CEO of Swatch Group, at the Swatch ETA factory in Grenchen, Switzerland, in 2023.Bloomberg | Bloomberg | Getty ImagesSwatch Group reported a steep fall in first half sales and earnings on Monday as the world's biggest watchmaker struggled with weaker demand in China.The Swiss-based maker of Tissot,...