Author Archives: Syndicated Content
Arm revenue and profit top expectations, powered by iPhone sales
By Max A. Cherney and Deborah Mary Sophia SAN FRANCISCO (Reuters) - Chip designer Arm Holdings topped revenue and profit expectations for the second quarter on Wednesday, in part because customers lik...
Nov 06, 2024
Lyft projects strong fourth-quarter bookings on robust commuter demand, shares jump
By Akash Sriram (Reuters) -Lyft on Wednesday forecast current-quarter gross bookings above estimates after posting upbeat quarterly sales, indicating steady demand for its ride-hailing services from p...
Nov 06, 2024
Take-Two beats quarterly results estimates on healthy gamer spending
(Reuters) -Take-Two Interactive Software beat Wall Street expectations for second-quarter bookings and profit on Wednesday, boosted by the strong performance of the "Grand Theft Auto" and "Borderlands...
Nov 06, 2024
Bumble beats estimates for third-quarter revenue
(Reuters) -Dating app operator Bumble beat expectations for third-quarter revenue on Wednesday, helped by growth in paid subscriptions, sending its shares up 9% in extended trading. Bumble has benefit...
Nov 06, 2024
Tinder-parent Match forecasts quarterly revenue below estimates on weak demand
(Reuters) -Match Group forecast fourth-quarter revenue below Wall Street estimates on Wednesday, a sign of weak demand for its dating apps as customers cut back on discretionary spending, sending its ...
Nov 06, 2024
Canada orders wind up of TikTok's Canadian business, app access to continue
(Reuters) - Canada on Wednesday ordered the wind up of TikTok's business in the country citing national security risks, but added the government was not blocking Canadians' access to the short-video a...
Nov 06, 2024
Kyndryl beats second-quarter revenue estimates on consulting strength
(Reuters) - IT services provider Kyndryl narrowly beat estimates for second-quarter revenue on Wednesday as businesses adopting generative AI technology turned to its consulting services. The company,...
Nov 06, 2024
Chipmaker Wolfspeed projects revenue below estimates on weak auto demand, shares sink
(Reuters) - Wolfspeed forecast quarterly revenue below estimates on Wednesday and said it would book $174 million in restructuring charges for the planned closure of a facility, as the chipmaker deals...
Nov 06, 2024
Freshworks raises annual revenue, profit forecasts as AI boosts demand
(Reuters) - Freshworks raised its annual revenue and profit forecasts on Wednesday following upbeat third-quarter results, as clients turn to the company's AI-driven products to manage their IT servic...
Nov 06, 2024
FICO profit beats Street expectations on strong demand
(Reuters) - FICO reported a better-than-expected fourth-quarter profit on Wednesday, thanks to strong demand for its credit-scoring products. Analysts expect an uptick in loan demand as the U.S. Feder...
Nov 06, 2024
