Business

HP misses first-quarter revenue estimates on sluggish demand in PC market

• Business

HP misses first-quarter revenue estimates on sluggish demand in PC market

Stock Focus Report February 28, 2024

By Jaspreet Singh (Reuters) -HP Inc missed Wall Street estimates for first-quarter revenue on Wednesday, marking a...

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Snowflake forecasts weak first-quarter product revenue, shares slump

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Snowflake forecasts weak first-quarter product revenue, shares slump

Stock Focus Report February 28, 2024

(Reuters) -Snowflake forecast first-quarter product revenue below Wall Street estimates on Wednesday on expectations that customers would...

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Salesforce sees annual revenue below estimates on weak cloud demand

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Salesforce sees annual revenue below estimates on weak cloud demand

Stock Focus Report February 28, 2024

By Zaheer Kachwala (Reuters) -Salesforce expanded its stock buyback program by $10 billion and announced a new...

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Paramount posts surprise profit as streaming gains offset weak ad market

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Paramount posts surprise profit as streaming gains offset weak ad market

Stock Focus Report February 28, 2024

By Samrhitha A (Reuters) -Paramount Global fell short of Wall Street estimates for quarterly revenue on Wednesday...

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Applied Materials receives new subpoenas on China shipments

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Applied Materials receives new subpoenas on China shipments

Stock Focus Report February 28, 2024

(Reuters) -A federal investigation into semiconductor equipment supplier Applied Materials involving China shipments has widened to other...

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Apple cancels decade-long electric car project, source says

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Apple cancels decade-long electric car project, source says

Stock Focus Report February 28, 2024

By Stephen Nellis and Shivansh Tiwary (Reuters) -Apple has canceled work on its electric car, a source...

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EBay beats earnings estimates on strong U.S. holiday spending

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EBay beats earnings estimates on strong U.S. holiday spending

Stock Focus Report February 27, 2024

(Reuters) -E-commerce platform eBay beat market expectations for quarterly revenue and profit on Tuesday, helped by healthy...

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Hedge funds call time on tech rally, banks say

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Hedge funds call time on tech rally, banks say

Stock Focus Report February 27, 2024

By Nell Mackenzie and Carolina Mandl LONDON/NEW YORK (Reuters) -Global hedge funds sold tech stocks at their...

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Zoom beats estimates on strong product demand, announces share buyback

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Zoom beats estimates on strong product demand, announces share buyback

Stock Focus Report February 26, 2024

By Zaheer Kachwala (Reuters) -Zoom Video Communications on Monday posted better-than-expected quarterly results helped by strong demand...

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Chips firms seek double $28 billion US subsidies available, Commerce Dept says

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Chips firms seek double $28 billion US subsidies available, Commerce Dept says

Stock Focus Report February 26, 2024

By David Shepardson WASHINGTON (Reuters) -U.S. Commerce Secretary Gina Raimondo said on Monday most chips companies seeking...

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