Palo Alto Networks is clawing its way back after a brutal earnings sell-off in February, and Wall Street analysts say the cybersecurity company's earnings next week will justify its resurgence. Shares of Palo Alto plunged 28% on Feb. 21, a session after the company delivered a more cautious outlook...
The logo of German bank Commerzbank seen on a branch office near The Commerzbank Tower in Frankfurt.Daniel Roland | Afp | Getty ImagesGermany's Commerzbank said on Wednesday that net profit rose 29% in the first quarter, its strongest quarterly profit in a decade, and it raised its outlook for...
Alibaba said it is working on a rival to ChatGPT, the artificial intelligence chatbot that has caused excitement across the world. Alibaba said its own product is currently undergoing internal testing.Kuang Da | Visual China Group | Getty ImagesAlibaba posted a beat on revenue in its fiscal fourth quarter...
Tencent has faced a number of headwinds in 2022 including a Covid-induced slowdown in the Chinese economy and a tougher market for gaming.Bobby Yip | ReutersTencent beat analyst estimates for revenue and profit in the first quarter, thanks to slightly better sales in the Chinese tech giants core gaming...
The Foxconn factory campus in Longhua town, Shenzhen, China.South China Morning Post | South China Morning Post | Getty ImagesApple supplier Foxconn reported a 72% rise in first-quarter profit, boosted by strong demand for AI servers and coming off a low base from the period a year earlier, but...
The PlayStation DualSense controller and PlayStation 5 console.Jakub Porzycki | Nurphoto | Getty ImagesSony on Tuesday reported a 7% drop in annual profits in the fiscal year 2023 amid weakness in its gaming division. The company also narrowly missed its forecast for unit sales of its flagship PlayStation 5...
An Emirates Airlines planeKarim Sahib | AFP | Getty ImagesDUBAI, United Arab Emirates — Dubai-based carrier Emirates airline on Monday reported record annual profit of 17.2 billion dirhams ($4.7 billion) for the 2023-2024 financial year, up 63% from the year prior.The flag carrying airline of the UAE's glitzy commercial...
SoftBank's Vision Fund, the brainchild of the company's founder Masayoshi Son, has faced a number of headwinds including a slump in technology stocks as a result of rising interest rates, a tough China market and geopolitics.Kentaro Takahash | Bloomberg | Getty ImagesSoftBank posted a 7.24 billion Japanese yen ($4.6...
The earnings season is wrapping up, but there are still some key names set to report, which could provide insight into the health of the consumer. Just seven S & P 500 names are slated to post their quarterly figures, including Home Depot and Walmart. Overall, 92% of the...
BEIJING, CHINA - DECEMBER 04: A logo hangs on the building of the Beijing branch of Semiconductor Manufacturing International Corporation (SMIC) on December 4, 2020 in Beijing, China. (Photo by VCG/VCG via Getty Images)Vcg | Visual China Group | Getty ImagesSemiconductor Manufacturing International Corporation on Friday warned of intense...