Earnings

British chip designer Arm experienced a more than 2% decline in its stock price on Thursday, following lackluster revenue guidance that overshadowed a positive sales quarter driven by the growing demand for artificial intelligence applications. While Arm reported a significant 47% year-over-year increase in fiscal fourth-quarter revenue, reaching $928 million, investors were less than impressed
0 Comments
Nintendo has recently hinted at a big announcement in the upcoming fiscal year – the successor to its popular Switch console. The news comes after the company reported a decline in profit due to slowing sales of the aging Switch. The new console is expected to be announced by March 2025, as confirmed by Nintendo
0 Comments
On Monday, U.S. stocks experienced a positive trend, building upon the gains from the previous session. The S&P 500, Dow, and Nasdaq all saw increases of over 1% following a softer-than-expected jobs report. Investors were optimistic about the Federal Reserve’s monetary tightening efforts, which seemed to be steering the U.S. economy towards potential interest rate
0 Comments
Super Micro shares took a hit, dropping by as much as 15% in extended trading after the server maker reported revenue slightly below expectations for its fiscal third quarter. The company’s earnings per share of $6.65 adjusted versus an expected $5.78, while revenue stood at $3.85 billion compared to an anticipated $3.95 billion. Despite this,
0 Comments