Tag: earnings

Super Micro Stock Rallies After Earnings as Wall Street Reassesses AI Server Demand

Super Micro Computer shares surged after quarterly results, as Wall Street reassessed demand for its AI server systems amid a mix of optimism and caution.

Bullish Stock Surges Despite $280M Q2 Loss and 44% Drop in Asset Sales

Bullish shares climbed after the crypto exchange operator reported a $280M Q2 net loss and a 44% drop in digital asset sales.

Tapestry Forecasts Strong Annual Profit as Coach Lures Young Shoppers

Tapestry forecast strong annual profit on Coach's momentum with younger consumers, though shares slid as the outlook met lofty investor expectations.

Intuitive Machines Stock Drops 9% After Q2 Loss and Revenue Miss

Intuitive Machines shares fell about 9% after the lunar company reported a wider Q2 loss and revenue below Wall Street forecasts.

Lenovo Profit Beats Estimates as AI Servers Drive 43% Revenue Jump

Lenovo Group posted a 43% surge in quarterly revenue and stronger-than-expected profit, driven by booming demand for AI computers, servers and services.

Maersk Shares Jump 7% After Profit Beat and Raised Full-Year Outlook

A.P. Moller-Maersk shares surged as much as 7% after the shipping giant beat profit estimates and raised its full-year earnings guidance.

Cisco Stock Drops Despite Earnings and Revenue Beat on Wall Street

Cisco shares fell after hours despite beating Wall Street estimates on earnings and revenue, as investors focus on AI-driven networking demand and guidance

Lumentum Jumps 15% on Blowout Earnings, Lifting Coherent and Corning

Lumentum shares surged about 15% on blowout earnings, lifting Coherent, Corning and other AI infrastructure names as optical demand accelerates.

Cerebras Stock Falls 14% Despite Raised AI Chip Guidance and Revenue Beat

Cerebras Systems shares dropped about 14% after beating second-quarter revenue estimates and raising its full-year AI chip guidance.

Tencent Beats Revenue Estimates on Games and AI Ads Despite 26% Stock Slide

Tencent topped revenue expectations on gaming and AI-driven advertising, even as shares fell 26% amid rising AI spending and fierce competition in China.

Cava Beats Quarterly Estimates as Diners Avoid Lettuce Amid Food-Safety Scares

Cava Group topped quarterly expectations and reaffirmed its forecasts as sales grew despite some diners avoiding lettuce amid a summer of food-safety scare