(Reuters) - First Solar reported higher first-quarter profit on Wednesday compared to the same period last year, helped by resilient demand for solar energy.The company reported a net profit of $236.6 million, or $2.20 per share, for the three months ended March 31, compared to $42.5 million, or 40 cents per share, in the same period last year.Analysts expected an average of $1.99 per share, according to LSEG data.The U.S. solar market has seen significant momentum since last year, helped by...
LONDON (Reuters) -Shell reported first-quarter profit of $7.7 billion on Thursday, sharply beating expectations after disruptions in the Red Sea and Russia lifted oil refining and trading. The oil and gas company also said it will repurchase a further $3.5 billion of its shares over the next three months, at a similar rate to the previous quarter. "Shell delivered another quarter of strong operational and financial performance, demonstrating our continued focus on delivering more value with...
Samsung Electronics on Tuesday said operating profit for the first quarter jumped as memory chip prices rebounded on the back of AI optimism.
Deutsche Bank reported first-quarter earnings on Thursday.
Q1 Net Revenue of $2.7 billion with 22.3 million Active Customers Wayfair Inc. ("Wayfair," "we," or "our") (NYSE: W), one of the world's largest destinations for the home, today reported financial results for its first quarter ended March 31, 2024. First Quarter 2024 Financial Highlights Total net revenue of $2.7 billion, decreased $45 million, down 1.6% year over year U.S. net revenue of $2.4 billion, decreased $24 million, down 1.0% year over year International net revenue of $338 million,...
Samsung is the latest company to profit from AI demand, as its profits have increased more than fourfold compared to a year earlier.
Taiwan Semiconductor Manufacturing Company issued an optimistic revenue target for the current quarter after reporting a near double-digit rise in net profit in the opening quarter of 2024, fuelled by brisk demand for chips supporting AI applications.
Snap beat Wall Street's expectations for quarterly revenue and user growth on Thursday, as improvements to its advertising system delivered results faster than anticipated. Shares of Snap spiked 25% to $14.32 in after-market trading. The owner of photo messaging app Snapchat has been working over the past year to improve how it targets ads to users and simplify the way people interact with the ads. The company has historically struggled to compete against much larger rivals like Facebook owner...
Signs of improving business environment and expectations of interest rate cuts have encouraged clients to ramp up spending on technology and consulting services, helping firms such as Cognizant. Cognizant said total headcount at the end of the first-quarter was 344,400, a decrease of 3,300 from the fourth-quarter last year.
Signs of improving business environment and expectations of interest rate cuts have encouraged clients to ramp up spending on technology and consulting services, helping firms such as Cognizant. Cognizant said total headcount at the end of the first-quarter was 344,400, a decrease of 3,300 from the fourth-quarter last year.
Samsung Electronics reported a strong Q1 2024 financial performance. Memory chip sales rebounded, driving operating profit by over 930%, driven by demand for AI-specific servers, memory chips, and storage solutions.
Super Micro's in-house liquid cooling solutions for servers have helped it get products to the market quicker than its competitors, who rely partly on third-party vendors. Its close relations with chip giants Nvidia and Advanced Micro Devices, whose headquarters are less than 10 miles from Super Micro's, help it receive early samples of chips to check prototypes, giving it further advantage over rivals. Super Micro's stock, which has nearly tripled so far this year, was added to the S&P 500...