Tag: earnings
Huawei seeks growth in internet of things as phone business suffers
Huawei’s struggles amid U.S.-China trade tensions are driving it to seek opportunities in other smart devices, setting itself up against a raft of hardware makers at home and abroad. The Chinese tech giant recorded sluggish revenue growth in 2020, climbing just 3.8% to 891.4 billion yuan ($136 billion), as its…
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Snowflake latest enterprise company to feel Wall Street’s wrath after good quarter
Snowflake reported earnings this week, and the results look strong with revenue more than doubling year-over-year. However, while the company’s fourth quarter revenue rose 117% to $190.5 million, it apparently wasn’t good enough for investors, who have sent the company’s stock tumbling since it reported Wednesday after the bell. It…
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Salesforce delivers, Wall Street doubts as stock falls 6.3% post-earnings
Wall Street investors can be fickle beasts. Take Salesforce as an example. The CRM giant announced a $5.82 billion quarter when it reported earnings yesterday. Revenue was up 20% year over year. The company also reported $21.25 billion in total revenue for the just-closed FY2021, up 24% YoY. If that…
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All of Disney’s streaming services are booming
Very quickly, Disney has become perhaps the dominant force in the video streaming world. Just about six months after the company announced it had over 100 million streaming video subscribers, Disney has revealed it has almost that many on Disney+ alo… Source
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Ford commits $29 billion to electric and autonomous vehicle development
Ford will invest $29 billion in electric and autonomous vehicles through 2025, more than double the $11.5 billion it promised through 2022 less than a year ago, the automaker announced. Of that, it will spend $7 billion on self-driving tech and $22 b… Source
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Peloton will pump $100M into delivery logistics to ease supply concerns
This probably falls under “good problems,” in the grand scheme of things. After another record quarter, Peloton has announced that it will invest more than $100 million in air and ocean freight deliveries due to “longer-than-acceptable wait times for the delivery of our products.” The fitness company is among those…
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