China's Alibaba beats quarterly revenue, profit estimates
(Reuters) – China’s Alibaba Group Holding Ltd (BABA.N) beat quarterly revenue and profit estimates on Thursday as its core commerce and cloud computing [...]
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Walmart beats on profit, posts record online sales on pandemic boost
(Reuters) – Walmart Inc (WMT.N) posted its biggest-ever growth in online sales on Tuesday as shoppers cashed in stimulus checks and ordered everything [...]
Applied Materials signals improving chip demand with robust forecast
(Reuters) – Applied Materials Inc forecast fourth-quarter revenue above analysts’ estimates on Thursday as demand rebounds for semiconductor equipment and services from the [...]
Toshiba posts first quarterly operating loss in nearly four years
TOKYO (Reuters) – Japanese industrial conglomerate Toshiba Corp reported on Wednesday its first quarterly operating loss in nearly four years as the coronavirus [...]
Toshiba says likely to report first-quarter operating loss on coronavirus impact
TOKYO (Reuters) – Japanese industrial conglomerate Toshiba Corp said on Wednesday it was likely to report an operating loss for the April-June period, [...]
Comcast beats revenue expectations as broadband growth overshadows pandemic hit
(Reuters) – Comcast Corp (CMCSA.O) on Thursday reported second-quarter revenue that beat expectations, as strong sign-ups for broadband offset weaker advertising sales at [...]
Twitter misses quarterly ad sales estimates while usage surges
SAN FRANCISCO (Reuters) – Twitter Inc (TWTR.N) missed Wall Street’s lowered expectations for quarterly revenue on Thursday despite surging usage, as the coronavirus-spurred [...]
Daimler to stop building sedans in the U.S. after second-quarter loss
FRANKFURT (Reuters) – Daimler (DAIGn.DE) will stop building Mercedes-Benz sedans in the United States and Mexico as it seeks deeper cuts after posting [...]
Daimler's second-quarter EBIT hit by coronavirus, restructuring costs
FRANKFURT (Reuters) – Daimler (DAIGn.DE) said on Thursday it will stop building Mercedes-Benz sedans in the United States and Mexico as part of [...]
Netflix names content chief Ted Sarandos co-CEO, forecasts weaker growth
(Reuters) – Netflix Inc (NFLX.O) on Thursday elevated its content chief Ted Sarandos to co-CEO, making the 20-year veteran of the pioneering streaming [...]