corpearnings – The News Desk

Nvidia’s Sales Surge, With No End in Sight for AI Boom

25Nov

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Technology

Nvidia’s Sales Surge, With No End in Sight for AI Boom

Updated Nov. 21, 2023 6:27 pm ETNvidia reported another quarter of record sales and gave a strong revenue outlook, pointing to red-hot demand for chips that underpin the artificial-intelligence boom.Huge investments in AI by tech giants from Microsoft to Amazon.com and by other large corporations have helped propel Nvidia’s sales to unprecedented levels in recent quarters.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

21Nov

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World

Nvidia’s Sales Surge, With No End In Sight for AI Boom

Chip maker Nvidia said sales reached a record in its latest quarter and gave a positive outlook, suggesting investments in artificial intelligence continue to be strong.Sales more than tripled to $18.1 billion in Nvidia’s latest fiscal quarter, above Wall Street forecasts in a survey of analysts by FactSet. Profit for the company, whose semiconductors underpin the AI boom, also shot up to $9.2 billion from $680 million a year earlier, above estimates.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Disney to Accelerate Cost Cutting as It Pushes for Streaming Profitability

8Nov

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World

Disney to Accelerate Cost Cutting as It Pushes for Streaming Profitability

Updated Nov. 8, 2023 6:12 pm ETWalt Disney said it would slash $2 billion more in costs than previously planned and has sharply narrowed losses in its streaming business, marking progress in two areas that Chief Executive Bob Iger has stated are crucial to the company’s future.The entertainment giant said Wednesday in its earnings report that it is seeking $7.5 billion in annualized cost efficiencies, up from the $5.5 billion it targeted at the beginning of this year. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Apple Sales Decline as China Market Weighs on Earnings Report

3Nov

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Technology

Apple Sales Decline as China Market Weighs on Earnings Report

Updated Nov. 2, 2023 6:06 pm ETApple said sales fell for the fourth consecutive quarter, including a decline in China that came as the company faces a broad economic slowdown in the country and new competition from rival Huawei Technologies.The September quarter marks the fourth straight period in which Apple reported year-over-year declines in total revenue, the longest such slump in years. Apple sales were $89.5 billion, down less than 1% from the previous year and largely in line with analyst estimates, even as net income of about $23 billion exceeded expectations.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Apple Sales Decline as Smartphone Market Remains Challenged

2Nov

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World

Apple Sales Decline as Smartphone Market Remains Challenged

Apple said quarterly sales fell slightly as the iPhone maker faces declining smartphone demand and new competition in China.Apple sales were $89.5 billion, down less than 1% from the year-ago period and slightly beating analyst estimates of $89.3 billion, according to FactSet. The company’s net income increased 10.8% to $22.95 billion, compared with the $21.8 billion analysts projected. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Amazon’s Profit Triples as Sales Show Resilience Leading Into Holidays

26Oct

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Technology

Amazon’s Profit Triples as Sales Show Resilience Leading Into Holidays

Updated Oct. 26, 2023 7:21 pm ETAmazon.com said profit tripled to nearly $10 billion from July to September as strong sales in its cloud-computing, advertising and retail units helped the company continue its rebound from postpandemic lows.Chief Executive Andy Jassy said the company would reap tens of billions of dollars in revenue in the next several years as customers turn to generative AI opportunities available within its cloud-computing business, known as Amazon Web Services, or AWS. Business customers are likely to be less cautious with their spending, he said. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

26Oct

By adminNo Comments

World

Amazon’s Profit Triples as Sales Show Resilience Leading Into Holidays

Amazon.com said profit tripled to nearly $10 billion from July to September as strong sales in its cloud-computing, advertising and retail units helped the company continue its rebound from postpandemic lows.The company’s sales increased by 13% to $143.1 billion for its third quarter, beating Wall Street expectations. Profit was $9.9 billion, more than triple the result from the same period last year. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Meta Reports Record Sales as Ad Rebound Continues

25Oct

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Technology

Meta Reports Record Sales as Ad Rebound Continues

Updated Oct. 25, 2023 5:04 pm ETFacebook parent Meta Platforms reported its largest quarterly revenue since going public more than a decade ago as demand for advertising picked up and the company continued to reap the benefits of cutting costs and developing new AI technology.Meta’s sales increased to $34.1 billion, up more than 23% compared with a year ago. That represents Meta’s third quarter in a row of rising revenue after the company saw its business shrink for most of 2022. The 23% increase is Meta’s largest year-to-year growth in revenue since the third quarter of 2021. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Meta Sees Continued Rebound in Advertising, Reports Largest Sales in Years

25Oct

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World

Meta Sees Continued Rebound in Advertising, Reports Largest Sales in Years

Facebook parent Meta Platforms reported its largest quarterly revenue in years as demand for advertising picks up again.Meta’s sales increased to $34.1 billion, up more than 23% compared with a year ago. That represents Meta’s third quarter in a row of rising revenue after the company saw its business shrink for most of 2022.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Google’s Cloud Sales Disappoint as Advertising Rebounds

25Oct

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Technology

Google’s Cloud Sales Disappoint as Advertising Rebounds

Updated Oct. 24, 2023 6:08 pm ETGoogle reported its strongest business growth in more than a year but disappointed investors with relatively weak cloud-computing sales, delivering a mixed picture as it continues to wrestle with competitors developing artificial-intelligence tools.Google’s parent company Alphabet reported third-quarter revenue of $77 billion Tuesday, up 11% from the same period last year. The results marked the third consecutive quarter of accelerating growth for the search giant following an economic slowdown that briefly caused a rare drop in the company’s advertising sales.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8