(Bloomberg) — Advanced Micro Devices Inc. shares declined as much as 9.1% in extended trading after the chipmaker gave a disappointing forecast for artificial intelligence processors, a lucrative market now dominated by Nvidia Corp. Most Read from Bloomberg The company projected that its MI300 lineup — a family of so-called AI accelerators — will generate […]
By Akash Sriram and Stephen Nellis (Reuters) -Artificial intelligence server maker Super Micro Computer reported third-quarter revenue below estimates on Tuesday, hurt by a shortage of some crucial components and questions over the profitability of a new line of servers. Shares of Super Micro, which have more than tripled in value so far this year, […]
The glass is looking half empty for Starbucks (SBUX) this quarter. For its Q2 earnings, the company missed expectations across the board, posting lower than expected revenue, earnings, and same store sales growth. CEO Laxman Narasimhan called it a “a highly challenged environment,” adding that these second quarter results “do not reflect the power of […]
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A lottery player just missed a $151 million jackpot prize — but still scored a big win in North Carolina. The person bought a Powerball ticket that matched all but one number picked in the April 27 drawing, making it worth $50,000, according to the N.C. Education Lottery and Powerball websites. The winning numbers: white […]
By Sabrina Valle HOUSTON (Reuters) – Exxon Mobil Corp on Friday missed analysts’ estimates with a 28% year-on-year drop in first quarter profits as weaker refining margins and lower natural gas prices offset volume gains. The largest U.S. oil company, which is in the process of closing a $60 billion deal for top shale oil […]
Sen. Tommy Tuberville of Alabama has long been opposed to Ukraine aid. He delivered a nearly 10-minute floor speech railing against it before the bill passed on Tuesday. But during the actual vote, the Alabama senator was nowhere to be found. Ahead of a final Senate vote to send Ukraine aid to President Joe Biden’s […]
Republican U.S. Senate candidate Eric Hovde missed a line in the Pledge of Allegiance at a recent appearance at Slinger Speedway, skipping “one nation, under God” and going right to “indivisible.” Hovde appeared to quickly correct his error, adding “under God” and capping off his recitation of the pledge with “Amen” and “God Bless America.” […]
(Reuters) -MSCI’s first-quarter revenue fell short of market expectations on Tuesday, hit by subscription cancellations and a contraction in margins due to one-time expenses, sending shares of the investment tools provider down 8%. The company’s operating revenue rose nearly 15% to $680 million for the three months ended March 31, lower than analysts’ estimate of […]
A Powerball ticket sold in New York won $1 million, narrowly missing out on the $116 million jackpot, lottery officials say. The ticket matched five winning numbers but not the Powerball in the drawing Monday, April 22, the New York Lottery said. Nobody won the grand prize, which rises to an estimated $129 million, with […]
Nucor (NUE) missed first-quarter earnings estimates and guided lower for Q2. Cleveland-Cliffs (CLF) also fell short, citing a “buyers strike from service centers,” but stuck by its full-year outlook. In after-hours trading, NUE stock fell sharply and CLF stock more moderately, after boosting its stock buyback. X Steel Dynamics (STLD) reports late Tuesday. Nucor cited […]
(Reuters) – Snap-On missed Wall Street estimates for first-quarter sales on Thursday, as vehicle service and repair technicians bought fewer tools and equipment made by the company, offsetting steady demand for its products from auto dealerships. Higher tool prices are causing U.S. repair technicians to cut back on spending, denting demand for Snap-On’s smaller wrenches […]