(Reuters) -China’s JD.com (JD) topped market estimates for quarterly revenue on Thursday, as the e-commerce giant benefited from steady consumer spending on its platform thanks to government subsidies and lower prices. U.S.-listed shares of the company rose nearly 5% in premarket trading. Chinese retail majors including JD.com and Alibaba are using heavy discounts and price…
Apple’s latest earnings report, which comes on the heels of its new iPhone 17 rollout, helped lift Asian stocks Friday (JUSTIN SULLIVAN) Asian stock markets mostly rose Friday morning, with a surge in Japanese shares coming after better-than-expected earnings reports from US tech behemoths Apple and Amazon. Investor confidence in artificial intelligence has fuelled a…
(Reuters) -China’s Alibaba (BABA) missed market estimates for quarterly revenue on Friday as the company’s e-commerce business grapples with tough competition and choppy consumer demand, eclipsing gains in its cloud computing business. U.S.-listed shares of the company fell 1.5% in premarket trading. Consumer confidence in China has taken a beating from persistent weakness, with the…
Shares of radiopharmaceutical company Lantheus Holdings (NASDAQ:LNTH) fell 29.8% in the afternoon session after the company reported disappointing second-quarter financial results and slashed its full-year forecast. The radiopharmaceutical company announced quarterly revenue of $378 million and adjusted earnings per share of $1.57, both of which missed analysts’ expectations. A key factor in the performance was…
Palantir (PLTR) stock surged in after-hours trading on Monday after the company reported second quarter results that beat analyst estimates across the board as its revenue topped $1 billion in a quarter for the first time. “The growth rate of our business has accelerated radically,” Palantir CEO Alex Karp said. “Yet we see no reason…
LONDON (Reuters) -Shares in artificial intelligence heavyweights Microsoft and Meta Platforms both surged in European trading on Thursday, after blowout quarterly results after-market on Wednesday. Meta shares surged 12.2% in Frankfurt after it forecast quarterly revenue well ahead of Wall Street expectations. Microsoft shares jumped 9%, as surging Azure cloud computing revenue above analysts’ expectations,…
By Noel Randewich (Reuters) -Wall Street’s AI heavyweights added a combined half a trillion dollars in stock market value late on Wednesday after quarterly reports from Microsoft and Meta Platforms showed massive investments in the emerging technology were paying off. In extended trade, Microsoft jumped 8% and Meta surged 9%, with the two Magnificent Seven…