Category: Top Story

Peloton Interactive Inc. (NASDAQ:PTON) reported first-quarter fiscal 2027 earnings and revenue above analysts’ expectations on Thursday, supported by higher profitability, improved gross margins and increased free cash flow. The connected fitness company recorded adjusted earnings of $0.19 per share, exceeding the analyst consensus estimate of $0.11. Revenue increased 2% year over year to $559.2 million,…

Amazon (NASDAQ:AMZN) and Uber (NYSE:UBER) have announced a partnership allowing Amazon Prime members in the United States to receive restaurant deliveries through Uber Eats without paying delivery fees on qualifying orders placed through Amazon’s website or shopping app. Under the agreement, Prime members can receive $0 delivery fees on restaurant orders of $25 or more.…

Arm Holdings (NASDAQ:ARM) shares declined more than 3% in premarket trading on Thursday after the British semiconductor technology company reported fiscal second-quarter earnings and revenue above analysts’ estimates, while its guidance for the current quarter remained close to market expectations. The Cambridge-based company reported adjusted earnings of $0.52 per share on revenue of $1.44 billion…

Qualcomm Inc. (NASDAQ:QCOM) shares fell approximately 10% in premarket trading on Thursday after the semiconductor company reported a decline in smartphone chip revenue and warned of increasing manufacturing costs, despite exceeding analysts’ fourth-quarter earnings and revenue forecasts. The company posted adjusted earnings of $2.17 per share, slightly above the consensus estimate of $2.16. Adjusted revenue…

Microsoft (NASDAQ:MSFT) has decided not to expand its data centre leasing agreement with British artificial intelligence infrastructure provider Nscale in Texas, according to a Financial Times report published Thursday, as Nscale prepares for a potential initial public offering valued at approximately $35 billion. The decision concerns an option that would have more than doubled Microsoft’s…