It introduced Zoom Workplace, an AI powered, open collaboration platform in March, along with new AI companion expansions, first unveiled in September last year, for paid users. Zoom, along with platforms like Microsoft's Teams and Cisco's Webex are pandemic darlings, which most businesses and individuals turned to, for connecting with employees and friends. "In Q1, we continued to integrate AI across our platform including Zoom Contact Center and Zoom Workplace, our AI-powered collaboration...
By Granth Vanaik May 20 (Reuters) – Norwegian Cruise Line Holdings on Monday raised its full-year profit forecast for a second time in less than three weeks, betting on record demand for cruise
Semiconductor equipment maker Applied Materials forecast third-quarter results largely above Wall Street estimates on Thursday, indicating robust demand fueled by an artificial intelligence boom. The company has benefited from growing demand for wafer fabrication equipment, which are sophisticated and expensive machinery to make semiconductors, as its customers are investing heavily to produce AI chips. A surge in the requirement of high-performance computing and data centers has also driven...
Cisco (CSCO) reported its third quarter results after the market close on Wednesday. The company reported adjusted earnings of $0.88 per share, which was better than the estimated $0.82. Revenue of $12.70 billion was slightly better than estimates. The tech giant also raised its full-year forecast. Cisco projects full-year revenue of $53.6 billion to $53.8 billion, compared to the prior guidance of $51.5 billion to $52.5 billion. It sees adjusted earnings per share of $3.69 to $3.71 versus the...
Cisco has been benefiting from an increase in spending, with companies trying to boost their growing artificial intelligence and cloud computing needs. The company has also been trying to reduce its reliance on its massive networking equipment business, which has suffered in recent years from supply chain issues and a post-pandemic slowdown in demand. Last year, the Cisco agreed to buy Splunk, to enhance its cybersecurity capabilities and broaden its market reach.
Shares of Deere & Company (DE) are dipping as the company lowered its full-year profit forecast to $7 billion from a previous range of $7.50 billion to $7.75 billion. The US Department of Agriculture forecasts that 2024 net farm income will total $116.1 billion, a 25.5% year-over-year decline. Yahoo Finance Anchors Madison Mills and Seana Smith discuss a potential deterioration in the global agricultural space. For more expert insight and the latest market action, click here to watch this full...
(Reuters) -Walmart raised its full-year forecast and reported better-than-expected first-quarter results on Thursday, betting that easing inflation will drive stronger sales of groceries and non-essential merchandise like clothingand electronics. The strong performance by the nation's largest retailer could assuage some investors' fears about ebbing U.S. consumer spending. Average transactions - a proxy for online and store traffic - also rose by a similar amount while shoppers also put in...
The Canadian e-commerce platform's shares slumped after it forecast its slowest quarterly revenue growth in two years against the backdrop of an uncertain economy and tepid consumer spending.
New energy vehicles for export at Lianyungang Port, Jiangsu Province, China, on April 25, 2024. Nurphoto | Nurphoto | Getty Images Electric vehicle sales have risen sharply this year, led
EV shipments, including fully battery-powered vehicles and hybrids, were up 18% in the first three months of 2024 compared with the same period last year.
(Reuters) -Vacation rental company Airbnb reported a higher quarterly profit on Wednesday but forecast second-quarter revenue below Wall Street expectations, sending shares of the company down 7% after the bell. Accommodation companies in the first quarter have seen the demand for travel in regions outside of North America boost earnings as travel accelerates in Asia-Pacific and Latin America. Airbnb's first-quarter revenue rose 18% year-over-year to $2.14 billion.
The future of Nvidia stock might not be as promising as its recent performance suggests, according to a prominent analyst. Latest Ratings for NVDA DateFirmActionFromTo Mar 2022Goldman SachsReinstatesNeutral Feb 2022Summit Insights GroupDowngradesBuyHold Feb 2022MizuhoMaintainsBuy View More Analyst Ratings for NVDA View the Latest Analyst Ratings read more