A Baidu Apollo robotaxi passes by a Baidu office building in Beijing on Aug. 21, 2023.Bloomberg | Bloomberg | Getty ImagesBEIJING — Chinese tech company Baidu on Tuesday reported better-than-expected revenue, up by 15% year-on-year in the second quarter and bolstered by growth in advertising.This was the fastest quarterly...
Zoom founder Eric Yuan speaks before the Nasdaq opening bell ceremony in New York on April 18, 2019.Kena Betancur | Getty ImagesZoom shares rose as much as 8% in extended trading on Monday after the video-calling software provider announced fiscal second-quarter results that exceeded analysts' expectations.Here's how the company...
Arora Nikesh, Palo Alto Networks CEO & Chairman at the WEF in Davos, Switzerland on May 23rd, 2022.Adam Galica | CNBCPalo Alto Networks shares jumped as much as 9% in extended trading on Friday after the security software vendor reported earnings that exceeded analysts' estimates.The stock had dropped 16% in...
Walmart on Thursday raised its full-year forecast, as the discounter leaned on its low-price reputation to draw grocery customers and drive online spending.The big-box retailer beat Wall Street's expectations for sales and profits. E-commerce sales for Walmart U.S. also jumped 24%.Walmart said it now expects full fiscal-year consolidated net...
The Adyen logo displayed on a smartphone.Rafael Henrique | SOPA Images | LightRocket via Getty ImagesShares of Adyen, the European payments giant taking on U.S. titan Stripe, fell nearly 39% on Thursday after the company reported worse-than-expected sales and a profit drop in the first half of the year.Here's...
Shoppers at a TJ Maxx store in New York.Scott Mlyn | CNBCCash-strapped consumers may be pulling back on discretionary purchases at Target, but they're spending big on name brands and home goods at off-price TJX Cos. The discounter raised its full-year outlook on Wednesday after posting a 7.7% year-over-year sales...
Target on Wednesday missed quarterly sales expectations and slashed its full-year forecast, as it again had trouble convincing shoppers to buy more than necessities.The big-box retailer cut both its full-year sales and profit expectations. Target offered a gloomier outlook even as some top economists have scrapped calls for a...
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...