Advanced Micro Devices (AMD) Inc delivered 71.00% annual sales growth in the first quarter, shrugging off concerns about PC slowdown. The chipmaker posted revenue of $5.89 billion, well above the average market expectation of $5.52 billion. Eventually, its earnings came at $1.13 per share, surpassing the forecasted $0.91. This figure also represented a 117.00% year-over-year …
AMD hits record sales, dismissing slowdown concerns Read More »
Shares of Lyft Inc. sharply plunged on Tuesday’s extended trading after warning investors that the company will have to keep spending on driver incentives. The ride-hail business sank 25.78% or 7.93 points to $22.83 per share. It trailed a drop of 2.35% or 0.74 points to $30.76 per share in the regular hours market. This …
Alphabet Inc’s Google announced on Monday that it would provide over $100,000 worth of online courses for free to any US business. The search giant explained that the training focuses on data analytics and the development of other tech skills. Accordingly, this offer marks a significant expansion of Google’s Career Certificates, which started in 2018. …
Shares of Chegg Inc. significantly sank on Monday’s after-hours trading after reporting weak full-year guidance despite exceeding earnings expectations. The textbook company plunged 31.95% or 7.98 points to $17.00 per share. This performance marks the lowest movement of the stock since the first quarter of 2018. It also negatively moved from a slight upturn of …
Chegg stocks dive 32% on lower full-year guidance Read More »
Netflix Inc. announced on Sunday that it had decided to drop the production of Pearl, an animated series created by Meghan Markle, Duchess of Sussex. This move marked the latest cost-saving efforts after the streaming giant reported a disappointing fiscal first quarter. Accordingly, the cancellation is also part of strategic decisions by the company around …
The Nasdaq 100 index plunged in the Friday trading session, marking April as its worst month since the 2008 global financial crisis. The technology-heavy benchmark declined 4.47% or 601.25 points to the 12,854.80 mark, its fourth-straight week of losses. Correspondingly, it skidded 15.20% or 2,304.78 points in the past month. The index remained under pressure …
Intel Corporation issued a lower-than-expected forecast for its fiscal second quarter, citing further chip shortages due to the widening COVID-19 curbs in China. The chipmaker projects a current-quarter adjusted profit of $0.70 per share, below analysts’ average estimate of $0.83. Eventually, its forecasted revenue was $18.00 billion, missing the market consensus of $18.38 billion. As …
Intel Expects Chip Shortages on China’s COVID Curbs Read More »
Russia’s unprovoked invasion of Ukraine now endangers a considerable proportion of the wheat and grain that these countries depend on. Concurrently, Russia and Ukraine account for roughly one-third of the world’s global wheat exports, almost 20% of its corn, and 80% of its sunflower oil. They provide the majority of the MENA region’s supply. …
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