The company delivered a robust sales forecast, powered by demand for the processors that run artificial intelligence systems.
Category: Company Reports
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Alibaba, Baidu and Tencent Signal First Steps in Bumpy Recovery
The economy is open again, helping Alibaba, Baidu and Tencent claw back in the first quarter from a miserable 2022, though they will likely face continuing skepticism from investors.
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Walmart Raises Its Outlook as Shoppers Look for Bargains
The retailer reported revenue that beat expectations and said it expected net sales to rise 3.5 percent for the year.
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Tesla Changed a Deadline for Investor Proposals, Angering Activists
Some shareholders saw the automaker’s decision to move up the deadline by two months as a way to suppress criticism during the company’s annual meeting on Tuesday.
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The Times Added 190,000 Subscribers Last Quarter
The increase was driven in part by subscriptions to a bundle of products that includes The Athletic sports site, bringing the company’s total digital subscriber base to nine million.
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Boeing Receives Order for Up to 300 Planes From Ryanair
The jets are expected to replace older, smaller and less-efficient Boeing planes and be delivered between 2027 and 2033.
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Fox’s Costs From Defamation Suit Lead to a Quarterly Net Loss
Lachlan Murdoch told investors that Fox News was planning “no change to our programming strategy” despite his decision to take Tucker Carlson off the air.
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Falling Oil Prices Cause Saudi Aramco’s Profit to Slip 19 Percent
But at nearly $32 billion, the oil giant’s quarterly earnings still far exceeded those of Western rivals, and it announced an increase in dividend payments.
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Berkshire Reports Big Jump in Earnings
Gains in its insurance business offset lower revenue from its real estate and consumer products companies. The results came out at the start of the conglomerate’s 59th annual meeting.
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Berkshire Reports Big Jump in Earnings
Gains in its insurance business offset lower revenue from its real estate and consumer products companies. The results came out at the start of the conglomerate’s 59th annual meeting.
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Berkshire Reports Big Jump in Earnings
Gains in its insurance business offset lower revenue from its real estate and consumer products companies. The results came out at the start of the conglomerate’s 59th annual meeting.
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HSBC Shareholders Defeat Ping An-Backed Measures
The outcome is a win for the bank in its fight with its largest stakeholder, the Chinese insurer Ping An, which argues HSBC isn’t taking full advantage of its profitable Asia unit.