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(Reuters) -Driving assistance systems supplier Mobileye Global reported better-than-expected quarterly revenue on Thursday, signaling a recovery in demand from automakers who have had a glut of their sensors and related hardware. Automakers globally have refrained from augmenting their inventories over the past few quarters as weak consumer spending led to production cuts and, therefore, fewer…
(Reuters) – Juniper Networks, which is being bought by Hewlett Packard Enterprise, beat Wall Street estimates for third-quarter revenue and profit on Thursday, aided by demand for its networking equipment. Sunnyvale, California-based Juniper is benefiting from strong demand from cloud computing firms as they invest heavily to bolster AI infrastructure. For the third quarter, the…
By Rishav Chatterjee and Byron Kaye (Reuters) – Macquarie Group, Australia’s biggest investment bank by assets, posted first-half profit on Friday that fell short of analyst estimates as stabilising energy markets squeezed the commodities trading unit, its main earner, sending its share price sharply lower. Profit for the six months through September jumped 14% to…