Amid the semiconductor industry’s slowdown and increasing geopolitical tensions, Dutch chip machine-maker ASML reported a decrease both in sales and profits. Europe’s most valuable tech company saw orders fall to €3.6bn in the first quarter of 2024, down from €9.2bn in the previous quarter. Its net profit also dropped to €1.2bn — a 37% decrease compared to Q4 2023. “We see 2024 as a transition,” ASML's President and CEO Peter Wennink said in a statement. Wennink expects a stronger...
Netflix topped earnings expectations Thursday, reporting that profit and subscriber ranks grew as its heavy bet on a rich content line-up paid off amid a crackdown on password sharing.The leading streaming television service said it gained 9.3 million subscribers in the recently ended quarter, raising the total to 269.6 million.Netflix reported a profit of $2.3 billion on revenue of nearly $9.4 billion in the quarter, compared to a net income of $1.3 billion on $8.2 billion in revenue in the...
Netflix topped earnings expectations Thursday, reporting that profit and subscriber ranks grew as its heavy bet on a rich content line-up paid off amid a crackdown on password sharing.
Netflix topped expectations Thursday as it reported 9.3 million new subscribers and profits of $2.3 billion in the first three months of the year. Silicon Valley-based Netflix had bet heavily on its content lineup to win fans, with subscribers now totaling 269.6 million. "With more than two people per household
China’s economy grew faster than expected in the first quarter of the year with help from policies and stronger demand, though signs of weakness in the troubled housing market persisted. The world’s second-largest economy expanded at a 5.3 per cent annual pace in January-March, beating analysts’ forecasts of about 4.8 per cent, data released on […]
China Unicom continued to add 5G users at a brisk pace in the opening quarter and registered another quarter of profit and revenue growth.
United Parcel Service (NYSE:UPS) gained in early Tuesday trading after the
Official figures also highlighted the challenges faced by the country's crisis-hit property sector.
India's sixth-largest IT services firm LTIMindtree on Wednesday reported a 1.2% year-on-year (YoY) decline in net profit at Rs 1,100 crore for the March quarter of the financial year 2024 missing street estimate of Rs 1,150 crore. The profit stood at Rs 1,114 crore a year ago.Sequentially, the Mumbai-headquartered company's net profit fell by 5.9% from Rs 1,169 crore.During the quarter, its consolidated revenue came in at Rs 8,892.9 crore, up 2.3% YoY from Rs 8,691 crore in the year-ago quarter....
The Paris Olympics open in 100 days and the United States and China are expected to finish 1-2 in the overall and gold-medal count. The United States is projected to win 123 medals overall, including 39 golds. China is projected to win 35 gold and 89 overall. This forecast is done by Nielsen’s Gracenote Sports, which supplies statistical analysis for sports leagues around the world. It also tracks major competitions involving Olympic sports leading up to the Games.
Andrew Bailey says inflation is in line with BoE forecasts but view of markets is that data will delay interest rate cutsAnalysis: Sunak hopes of pre-election rate cuts frustratedThe governor of the Bank of England, Andrew Bailey, has shrugged off a smaller-than-expected drop in inflation last month, saying he expected a sharp fall towards the government’s 2% target next month.Speaking in Washington after news that the government’s preferred measure of the cost of living had eased to 3.2% in...
PNC Financial Services's Q1 profit was hurt by lower interest income as the lender paid more to hold customer deposits amid high interest rates.