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 on Wednesday reported a weaker-than-expected surge in profit for the second quarter, as cost-cutting measures began to pay off and sales rose across...
Hong Kong Exchanges and Clearing reported a 31% jump in net profit for the first six months of the year, compared to a year ago — and its CEO has expressed optimism about the medium-term outlook.The strong numbers are attributed to the HKEX's "diversification away from just the cash...
A banner for the Mediterranean restaurant chain Cava is displayed outside of the New York Stock Exchange (NYSE) as the company goes public on June 15, 2023 in New York City.Spencer Platt | Getty ImagesCava on Tuesday posted a profitable quarter for its first earnings report since its initial...
A sign is seen posted on the exterior of a Home Depot store on February 21, 2023 in El Cerrito, California. Justin Sullivan | Getty ImagesHome Depot topped earnings expectations Tuesday, but posted a 2% year-over-year sales decline as customers remained wary of big purchases and major projects.It marked the...
A factory at the mobile phone plant of Rising Stars Mobile India, a unit of Foxconn in Tamil Nadu, India, on July 12, 2019.Bloomberg | Bloomberg | Getty ImagesApple supplier Foxconn beat estimates for second-quarter earnings on Monday thanks to a booming artificial intelligence sector but retained a cautious...
Huawei's production campus is pictured here on April 25, 2019, in Dongguan, near Shenzhen, China.Kevin Frayer | Getty Images News | Getty ImagesBEIJING — Chinese tech giant Huawei on Friday reported 2.2% year-on-year growth in its consumer business revenue for the first half of the year.The modest growth comes...
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 Corp. posted on Thursday a drop...
An Alibaba Group sign is seen at the World Artificial Intelligence Conference in Shanghai, July 6, 2023.Aly Song | ReutersChinese e-commerce giant Alibaba on Thursday said revenue grew by 14% year on year in the quarter ended June 30. That's the biggest annual increase in sales since the September...
A young man delivers foodM_a_y_a | E+ | Getty ImagesBritish meal delivery company Deliveroo upgraded its full-year earnings guidance on Thursday after a resilient first half in challenging market conditions that saw its total orders number fall 6%.The company said it expected to make adjusted earnings before interest, tax,...
Siemens missed profit forecasts in its latest quarter, the German engineering company reported on Thursday, noting weakening demand in several markets including China.The trains-to-factory-automation manufacturer said China, long a driver for global manufacturing and its third largest market, had seen only a tepid recovery after its zero-Covid shutdown last year.Siemens...