Cisco recently reported its earnings and revenue for the fiscal third quarter, exceeding Wall Street’s expectations despite a decrease in sales compared to the previous year. The company’s stock surged by 8% in after-hours trading following the announcement. In terms of performance metrics, Cisco’s earnings per share of 88 cents surpassed the analyst consensus of
Revenue
Netflix’s recent announcement revealed that its cheaper, ad-supported tier has seen significant growth in global monthly active users. The streaming service reported that the number of users has jumped to 40 million, nearly double the figure shared just a few months ago. This surge in users showcases the appeal of a more affordable option for
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Alibaba, the Chinese e-commerce giant, faced a significant drop in its net profit in the fiscal fourth quarter, causing its shares to plummet. The company reported revenue of 221.9 billion yuan ($30.7 billion), slightly surpassing LSEG consensus estimates. However, its net income attributable to ordinary shareholders declined by 86% year on year, coming in at
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
Novavax saw a significant increase in its stock price on Monday following the announcement of a multibillion-dollar partnership with Sanofi, a prominent French pharmaceutical company. This deal marked a turning point for Novavax, which had been struggling prior to this agreement. The stock nearly doubled after the licensing agreement was made public, indicating a newfound
GameStop shares experienced an unprecedented rally, surging more than 80% in a single day, after Keith Gill, also known as “Roaring Kitty,” made his first online appearance in three years. Gill, a former marketer for Massachusetts Mutual Life Insurance, captured the attention of a legion of day traders on Reddit by advocating for investments in
Investors seeking long-term growth potential may want to consider the recommendations of Wall Street experts, who meticulously analyze companies’ financial performance and growth strategies. Domino’s Pizza (DPZ) is one such stock favored by top analysts. Following a strong earnings report in the first quarter, analyst Lauren Silberman from Deutsche Bank reiterated a buy rating on
Semiconductor Manufacturing International Corporation (SMIC) recently reported that its first-quarter profit fell below expectations, highlighting the intense competition in the chip industry. The company mentioned that competition in the industry has been increasingly fierce, and pricing for commodity products follows market trends. This puts pressure on companies like SMIC to innovate and maintain their market
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