Microsoft, Google post strong quarterly sales growth as Big Tech continues its comeback
Big tech appears to be continuing its strong growth turnaround from last year, as it kicks off earnings report season for the quarter ended in September.
2023-10-25 04:56
Best Buy expects tech demand to hit a low this year
Best Buy expects declining tech sales to hit a low this year before stabilizing, in another sign of consumer caution around discretionary spending and retail purchases.
2023-08-29 22:27
Nvidia's quarterly sales double on the back of AI boom
The artificial intelligence boom continues to fuel a blockbuster year for chipmaker Nvidia.
2023-08-24 04:58
Nvidia set the market alight last quarter. Can it repeat the trick?
Artificial intelligence darling Nvidia's upcoming earnings report could be a boost or a drag on a market already mired in the summer doldrums.
2023-08-23 19:54
Zoom shares jump as CEO says company to develop and deploy AI tools
Shares of Zoom jumped in after-hours trading Monday after the company said it expects to rake in stronger-than-expected earnings in the rest of this fiscal year.
2023-08-22 05:48
Walmart's sales are surging
Target and Home Depot are slumping. But more shoppers are heading to Walmart for groceries and essentials.
2023-08-17 19:15
Apple's sales fall for the third consecutive quarter
Apple said Thursday that its revenue slipped 1% to $81.8 billion for its quarter ending July 1, marking the third consecutive year-over-year drop in quarterly revenue for the world's most valuable company.
2023-08-04 04:49
Amazon sales surged 11% in the second quarter
E-commerce behemoth Amazon increased its net sales 11% to $134.4 billion in the second quarter as analysts monitor consumer spending in both the cloud and retail markets.
2023-08-04 04:16
Uber's post-pandemic growth is slowing
Uber has reported that its revenue ticked up 14% last quarter, marking a slower pace of growth than recent quarters when sales surged as riders returned to pre-pandemic habits.
2023-08-01 20:22
Meta stock climbs after company posts 11% revenue growth
Meta's "year of efficiency" seems to be paying off. The Facebook-parent company on Wednesday reported revenue of some $32 billion for its quarter ending in June, marking a 11% increase compared to the same period last year and beating Wall Street's expectations.
2023-07-27 04:48
Netflix adds nearly 6 million paid subscribers amid password sharing crackdown
Netflix's crackdown on password sharing appears to be paying off.
2023-07-20 04:20
AI chip boom sends Nvidia's stock surging after whopper of a quarter
The AI boom is here, and Nvidia is reaping all the benefits. Shares of Nvidia exploded 28% higher Thursday after reporting earnings and sales that surged well above Wall Street's already lofty expectations.
2023-05-25 20:47