Tencent, the Chinese tech giant, exceeded analyst estimates for revenue and profit in the first quarter of the year. The company’s core gaming business saw slightly better sales, while improved profitability was achieved in its advertising and business services division. In terms of revenue, Tencent reported 159.5 billion Chinese yuan ($22 billion), surpassing the 158.4
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Warner Bros. Discovery recently shared its first-quarter results, falling short of analyst expectations both in terms of revenue and earnings. The company’s stock experienced a 3% gain following the announcement. Loss per share was reported at 40 cents, missing the 24 cents loss expected by analysts. Revenue stood at $9.96 billion, below the $10.231 billion
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Carvana, the online auto retailer, experienced a significant surge of more than 30% in its shares during after-hours trading following its first-quarter results. The company reported earnings per share of 23 cents, surpassing the expected loss of 74 cents. Additionally, Carvana’s revenue of $3.06 billion exceeded the estimated $2.67 billion. The first quarter saw Carvana
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As Amazon prepares to release its first-quarter earnings report after the bell on Tuesday, analysts are watching closely to see if the tech giant will meet their expectations. Analysts are predicting earnings per share of 83 cents and revenue of $142.5 billion. Additionally, they are looking at specific numbers within the report, such as Amazon