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...
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...