Category: Latest News
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Disney tops profit expectations despite slump in entertainment earnings
Walt Disney (NYSE:DIS) delivered better-than-expected fiscal fourth-quarter earnings on Thursday, even as weakness across its entertainment division weighed on overall performance. The group’s studio and TV arm continued to feel the strain of softer audience reception and structural industry shifts. Operating income for the entertainment division fell more than 35% to $691 million, coming in…
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Tencent, Apple strike deal on 15% fee for WeChat mini-app payments
Tencent Holdings Ltd. (NYSE:TME) has agreed to a new payment arrangement with Apple Inc. (NASDAQ:AAPL) that will allow Apple to handle transactions and collect a 15% commission on spending inside WeChat mini games and mini apps, Bloomberg reported Thursday. The agreement brings an end to more than a year of discussions between the two tech…
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Spectrum Brands tops Q4 profit forecasts, revenue slips on supply constraints
Spectrum Brands Holdings, Inc. (NYSE:SPB) posted a stronger-than-expected finish to its fiscal year on Thursday, delivering a major earnings beat despite a drop in quarterly sales tied to softer category demand and lingering supply chain friction. The company reported adjusted EPS of $2.61, far outpacing analysts’ expectations of $0.90. Quarterly revenue totaled $733.5 million, missing…
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Edgewell Personal Care posts mixed Q4 as profit trails estimates despite revenue beat
Edgewell Personal Care Company (NYSE:EPC) delivered fourth-quarter results on Thursday that showed stronger-than-expected sales but weaker earnings, sending shares down 0.85% in premarket trading. The company reported adjusted EPS of $0.68, falling short of the Wall Street consensus of $0.80. Still, quarterly revenue came in at $537.2 million, topping forecasts of $532.34 million and rising…
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Canadian Solar jumps 12% after Q3 revenue tops forecasts on booming battery storage shipments
Canadian Solar Inc. (NASDAQ:CSIQ) surged more than 12% in premarket trading on Thursday after reporting third-quarter revenue that surpassed expectations, powered by record performance in its battery energy storage business. The company generated $1.5 billion in revenue, beating analyst estimates of $1.37 billion and hitting the upper end of its outlook. Its gross margin of…
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Sapiens tops Q3 revenue forecasts as North America drives double-digit growth
Sapiens International Corporation (NASDAQ:SPNS) delivered third-quarter results that beat revenue expectations on Thursday, fueled by accelerating demand in North America and continued expansion across emerging markets, while earnings landed in line with analyst projections. The insurance software provider reported adjusted EPS of $0.36, matching Wall Street estimates. Quarterly revenue rose 11.2% year over year to…
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NICE climbs 6% premarket after Q3 revenue beats expectations
Shares of NICE Ltd. (NASDAQ:NICE) gained more than 6% in premarket trading on Thursday after the cloud software company delivered third-quarter results that topped Wall Street forecasts. NICE reported Q3 revenue of $732 million, coming in ahead of the consensus estimate of $728.23 million and marking a year-over-year increase that underscores steady business momentum. Earnings…
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Tencent posts 15% revenue increase in Q3, topping forecasts as gaming segment accelerates
Tencent Holdings (NYSE:TME) reported stronger-than-expected third-quarter earnings, with revenue climbing 15% from a year earlier and coming in 2% above market estimates. Growth was led by a standout performance in the company’s gaming division, which expanded 23% year-on-year — outperforming expectations by 4% and driven largely by international titles. Gross gaming receipts advanced 21%, a…
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Samsonite rallies 14% as travel recovery accelerates and analysts signal new growth phase
Samsonite (USOTC:SMSEY) shares surged 14% on Thursday after fresh U.S. air travel data showed passenger throughput rising roughly 4% in October — the strongest monthly increase so far this year. The improving travel backdrop reinforces management’s upbeat expectations heading into the end of 2024, even as the company prepares to lap a higher wholesale comparison…
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Cisco surges 7% as booming AI demand prompts annual outlook upgrade
Cisco Systems (NASDAQ:CSCO) jumped more than 7% in premarket trading on Thursday after the company lifted its full-year financial guidance, citing accelerating demand for networking hardware tied to the rapid buildout of AI-driven data centers. The tech group now expects fiscal 2026 revenue of $60.2 billion to $61 billion, up from its prior range of…